In a pre-Presidents Day transaction, the $340 million Connexus Credit Union of Wausau, Wis. has won member approval to merge the $11 million Maple Hill Credit Union and is looking to consolidate a second Wisconsin CU perhaps within the week.
"I am just not at liberty to discuss a second proposal we have before the members of another credit union," said J. David Christenson, president/CEO of Connexus.
At a Feb. 17 meeting, members of Maple Hill, also of Wausau, agreed to the merger deal following three years of low profits.
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