The $1.8 billion UW Credit Union of Madison, Wis. said it is buying another bank branch building and converting it into a CU facility next year.

Earlier this year, UW bought a branch in Wauwatosa, a Milwaukee suburb, from the now-merged Amcore Bank of Rockford, Ill. opening it as a CU branch April 12. In the latest deal, UW said it purchased the Waukesha branch property from the Milwaukee-based Equitable Bank.

CU officials declined to spell out terms of either deal but said the full-service Waukesha facility will open in the summer of 2011.The Waukesha branch will become UW's fourth site in Milwaukee and its 18th branch in the state.

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