MADISON, Wis. – Heritage CU, chartered to serve employees of Oscar Mayer & Co., will pick up a single branch with a deal to merge Truax CU.

The branch is located at the Dane County Regional Airport and serves military employees.

The $6-million, Madison-based Truax, chartered in 1956, lost $211,000 for the first six months of the year.

Heritage CU has $220 million in assets and nine branches in Wisconsin and Illinois.


 

Subscribe Now

Authoritative analysis and perspective for every segment of the credit union industry

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.