UW Credit Union will open a branch in New Berlin that would be the eighth location for the financial institution in southeastern Wisconsin.
The Madison-based credit union said in a news release Monday that it's planning a spring 2018 opening for its new office, which will be located at 4850 S. Moorland Road.
UW Credit Union will take over the New Berlin branch formerly home to a North Shore Bank, which closed the location earlier this year. North Shore Bank acquired the Moorland Road branch through its purchase of West Allis-based Layton State Bank in 2016.
UW Credit Union currently operates 24 offices in Wisconsin.
“This location is convenient, and aligned with our commitment to provide our members with easy access to our consumer-friendly financial products and services,” said UW Credit Union president and CEO Paul Kundert in a statement.
The New Berlin office will offer consumer savings, checking and lending solutions, as well as onsite mortgage services and investment services.
UW Credit Union, with assets totaling $2.5 billion, is a member-owned financial cooperative that provides financial services to University of Wisconsin communities and individuals associated with the UW-System. It has approximately 234,000 members and 505 employees.
In southeast Wisconsin, UW Credit Union has locations in Milwaukee, Glendale, West Allis, Waukesha, Whitewater and Wauwatosa, where the institution operates two offices.
This article was originally published in the Milwaukee Business Journal.