The $220 million Heritage Credit Union of Madison, Wis., ismerging with a smaller peer, the $5.6 million Truax Credit Union,after the Truax board selected Heritage as a partner, it wasannounced this week.

In a statement, Anita Rauch, president of Heritage, said themerger was formally made effective June 30.

“Since opening in 1956, Truax Credit Union has offered financialservices to members though a branch conveniently located at theDane County Regional Airport and serves military employees,” saidRauch.

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