merger and acquisitions binder sitting on top of charts Source: designer491/Shutterstock.

The $457 million Heritage Credit Union in Deforest, Wis., said Thursday it intends to merge with the $3.7 billion Connexus Credit Union in Wausau, Wis.

If approved by Heritage members, it would lift Connexus to becoming the fifth largest credit union in Wisconsin with more than $4.1 billion in assets. Connexus also would serve the largest membership of more than 420,000. Wisconsin’s largest credit union by assets, the $5.7 billion Landmark Credit Union, currently serves the largest membership of 370,258 in that state, according to the NCUA.

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