Bull’s Eye Credit Union, Wisconsin Rapids, Wis., on Friday announced its intention to merge into Wausau, Wis.-based Connexus Credit Union, pending approvals from regulators and members of Bull’s Eye CU.
Bull’s Eye Credit Union, chartered in 1932, has $150 million in assets and serves more than 18,900 members. Connexus Credit Union currently has more than $1.7 billion in assets. It serves more than 305,000 members across all 50 states.
The two CUs said their merger, if approved, will offer its combined 323,000-plus members an “enhanced experience by bringing together best practices” of both credit unions, including “optimizing and expanding” member convenience through online and mobile services, call center, branch and ATM locations, as well as diversification of product and service offerings.
The credit unions would continue doing business as Connexus Credit Union, with combined total assets approaching $2 billion.
“Both organizations are committed to providing exceptional member service, while maintaining the safety and security of members’ assets and information,” the two credit unions said in a statement, adding, “This strategic merger joins two credit unions with very similar values.”
“From the outstanding products and services to the award-winning digital banking platform, this merger brings many benefits to the members of Bull’s Eye Credit Union,” said David Stark, president of Bull’s Eye CU. “Inspiring financial dreams one member at a time is our mission and Connexus Credit Union is a leading organization in that regard.”
J. David Christenson, president and CEO of Connexus Credit Union said, “It is a pleasure to welcome Bull’s Eye Credit Union into our Connexus family, and we look forward to serving each and every member and employee, as well as the community. At the heart of this new opportunity is our continued dedication to building relationships, upholding our family values, enriching our company culture, and making a difference in the lives of our members and the communities we serve.”