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News Now

CU System
Mergers in Wisconsin Utah reported
MADISON, Wis. (8/8/12)--Separate mergers in Wisconsin and the Western U.S. have been reported.

The merger of Truax CU, Madison, Wis., into Heritage CU, also in Madison, Wis., was effective July 31 (The Wisconsin State Journal August 6). The combined credit union has $225 million in assets and 26,500 members with nine branches in Wisconsin and Illinois.

Truax CU, with $5 million assets, was founded in 1956 and had one branch. Heritage CU, was founded in 1934 to serve employees of Oscar Mayer & Co.

In the Western U.S., Pocahy Family CU, Pocatello, Idaho, will merge into $2.9 billion Mountain America CU, West Jordan, Utah (McClatchy-Tribune Regional News August 6).

The merger is expected to take effect April 1, 2013.

Members of $15 million Pocahy Family CU approved the merger.


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