MERRILL, Wis.–Two more mergers have been announced, in both cases involving credit unions that have been posting losses.

In Wisconsin, Park City Credit Union said it will be merging in the tiny Wood County Employees Credit Union.

As the CU Daily reported earlier as part of its ongoing coverage of credit union mergers, in urging its 159 members to vote in favor of merging into Park City CU, the $780,989 WCECU said, ““Our organization does not have the resources to invest in digital/mobile services that our members are expecting to conduct their transactions conveniently. As WCECU members travel throughout Wisconsin and the United States, these services have become imperative. In addition, our credit union is losing members because of our limited products/services, and we believe that the Continuing Credit Union will bring value to our members and communities.”

WCECU lost $5,434 as of Q1, with net worth of 22.71% (it said it has no plans to return any net worth to members). Park City CU posted $586,587 in net income and had net worth of 9.52% as of the same date.

Park City CU has $368.5-million in assets.

Expanded ‘Footprint’

In a statement, Park City Credit Union said the merger is a  “strategic partnership that will expand PCCU’s footprint into Wood and Portage counties.”

“This merger reflects PCCU’s continued financial strength and commitment to serving more members and communities across Wisconsin,” PCCU stated. “Through the merger, members of Wood County Employees Credit Union will gain access to a broader range of financial products, enhanced services and cutting-edge technology.”

“This merger is a natural fit for both organizations,” PCCU President and CEO Val Mindak added in a statement. “We share a deep commitment to our members and the communities we serve. By joining forces, we’re not only expanding our reach, but we’re also strengthening our ability to deliver exceptional value, personalized service and innovative financial solutions to even more people.”

Merger in Pennsylvania

Separately, in Pennsylvania, the $315-million West Chester-based Benchmark FCU said it is seeking to merge into the $1.9-billion, Chadds Ford-based Franklin Mint FCU, pending a vote by its 9,637 members.

Benchmark FCU reported a loss of $192,393 in the first quarter of this year, with net worth of 9.75%. It posted a year-end 2024 loss of $239,788. Franklin Mint FCU had $228,596 in net income and net worth of 7.47% as of March 31.

Benchmark FCU cited expanded services and branches along with other benefits as reasons for the merger. 

‘Greater Value’

“Joining forces with Franklin Mint Federal Credit Union allows us to deliver even greater value to our members, including broader service offerings, enhanced digital tools, and access to a larger branch and ATM network,” Benchmark FCU President and CEO Daniel J. Machon, Jr. said in a statement. “Most importantly, FMFCU shares our core values, member-first philosophy, and commitment to the communities we serve.”

‘Long-Term Strategic Vision’

Added FMFCU President and CEO Micheal B. Magnavita in a statement, “We are honored to welcome Benchmark Federal Credit Union’s members and employees to the FMFCU family. This partnership not only supports our long-term strategic vision but also reinforces our commitment to building relationships, empowering members, and strengthening businesses and communities—all while enhancing our ability to deliver financial wellness and innovation.”

If approved by members, the merger is expected to be completed in early 2026.