Bull’s Eye Credit Union (Wisconsin Rapids, WI) announced today that members have voted to approve a merger with Connexus Credit Union (Wausau WI), effective October 1, 2018. Now, pending regulatory approval, the merger could create new opportunities to deliver expanded products, services, and cutting-edge technology to more than 323,000 members nationwide. The merged organizations will continue doing business as Connexus Credit Union, with combined assets approaching $2 billion.
“I am thankful to our membership for their overwhelming show of support at our Special Meeting yesterday, and in the many conversations we have had over the past month. As the Bull’s Eye Board of Directors looked for new ways to enhance member benefits and better serve our local communities, it became clear that ensuring our ability to thrive in the future rested in the opportunity to merge with Connexus. Our members demand and deserve the best possible products, services, and technology, and our Board is proud to be able to offer these things in the near future,” says Dave Stark, President of Bull’s Eye Credit Union. “Our combined credit union will be stronger and have more ability to return direct financial benefits to our members, as well as provide enhanced products and services. This creates a competitive and innovative financial institution that exists to serve our member-owners above all else.”
J.David Christenson, President/CEO of Connexus Credit Union, shares the belief that the combined credit union will continue to focus on bringing long-term value to its members. “Bringing Bull’s Eye members and employees into our Connexus family will allow us to continue building financial strength while also serving our local communities in Central Wisconsin.” He added, “The merger is really about the future; as the landscape in financial services continues to evolve, this partnership will enable us to continue exceeding expectations for our members and the communities we serve.”