Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Four small CUs plan to merge into Landmark CU
NEW BERLIN, Wis. (12/2/11)--Four smaller Wisconsin credit unions are merging into Landmark CU in New Berlin, Wis., it announced Thursday.

Merging into Landmark are: American CU, Milwaukee; People's CU, Cudahy; Co-operative CU, Racine; and Burlington and Horizon CU, Racine.

The target date for all the mergers is Dec. 31, with the integration of member accounts into Landmark's computer system in the first and second quarters of 2012.

All employees of the four credit unions will be offered jobs at Landmark.

Facts about the four credit unions merging into Landmark include:

  • American CU serves 3,986 members and has assets of more than $22.5 million.
  • People's CU has 1,963 members and $13.2 million in assets.
  • Co-operative CU, with a branch in Racine and one in Burlington, serves 4,450 members and has more than $22 million in assets.
  • Horizon CU serves 3,729 members and has assets of more than $26.2 million.
Approval by the Wisconsin Office of Credit Unions has been received for the Co-Operative and American mergers and is pending for the Horizon and People's mergers. Approval votes by their members have been completed at Co-Operative and American, and are pending at Horizon and People's credit unions.

Landmark has $1.7 billion in assets, with 449 employees who serve more than 173,000 members at 20 locations throughout Southeastern Wisconsin. The mergers will take Landmark to $1.8 billion in assets, with 25 branch locations.


RSS





print
News Now LiveWire
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
44 minutes ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
1 hour ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
2 hours ago
You can get your subscription to @cuna 's free, daily, online #creditunion #news service News Now here: http://t.co/YtUejEmAYP
2 hours ago
CCUA hosts @TheNASCUS college for #creditunion directors http://t.co/CftpSXDKWx
5 hours ago