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Connexus Buys FILO

The $500 million Connexus Credit Union in Wausau, Wis., purchased Financial Institution Lending Options LLC, a company also based in the Badger State that provides credit unions with auto loans through pool sales, participation pools and whole loan flow sales.

By Michelle A. Samaad | Updated on October 16, 2013

The $500 million Connexus Credit Union in Wausau, Wis., purchased Financial Institution Lending Options LLC, a company also based in the Badger State that provides credit unions with auto loans through pool sales, participation pools and whole loan flow sales.

Two of FILO’s founders, the $110 million Shoreline Credit Union in Two River, Wis., and the $242 million Guardian Credit Union in West Milwaukee, Wis., decided to sell their 100% stake in the firm, said J. David Christenson, Connexus president/CEO.

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