BELOIT, Wis.—Municipal Credit Union and Parker Community Credit Union of Janesville, Wis., have signed a letter of intent to merge.
The merger already has been approved by the Wisconsin Division of Financial Institutions and the NCUA. Next up is a vote by the Municipal CU membership on Dec. 14. The $97-million Parker Community CU would be the surviving institution Municipal CU has $17 million in assets and 2,500 members.
The credit unions said there will be no job losses as a result of the mergers.