Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Tower CU members OK merger with Connexus
WAUSAU, Wis. (2/28/12)--Members of Tower CU, with $45 million in assets, on Sunday approved a merger with $410 million Connexus CU during a special meeting on Sunday.

Both credit unions are based in Wausau, Wis.

"Difficult economic times combined with new regulatory requirements and increased competition challenged us to evaluate our ability to serve our members as we would like," said Hal Osborn, Tower CU president. "A merger with Connexus CU will ensure that our members will receive the products and service to meet their every need now and in the future," he said.

The merger is expected to be completed later this spring.

Tower is the second Wausau-area credit union to announce merger plans with Connexus this month. Maple Hill CU, with $11 million in assets, approved its merger with Connexus on Feb. 16.


RSS print
News Now LiveWire
NCUA confirmed earlier indications that there would be no National Credit Union Share Insurance Fund premium for 2014.
14 hours ago
.@NJCUL supported prized-linked savings legislation introduced in New Jersey state Senate.
14 hours ago
#creditunions emphasize co-op principles during National Co-op Month #NewsNow http://t.co/zEb9UFot1N
20 hours ago
Servicemember's spouse drives away with Bank on More's SUV thanks to #missouri #creditunions http://t.co/WvTrKxh0sV
22 hours ago
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
23 hours ago