Credit unions announce merger

Members of DeForest-headquartered Heritage Credit Union voted to approve a merger with Wausau-based Connexus Credit Union, effective Feb. 1, according to a release from Heritage. The merger will combine more than 420,000 members, more than 6,000 branches and shared branching services, and 54,000 ATMs. The credit unions will conduct business under the Connexus Credit Union name. The merger is estimated to combine a total of $4.3 billion in assets of the two credit unions. The operational conversion is expected to be finalized on Aug. 1, 2022.