UniWyo Credit score Union is happy to announce a proposed merger with Reliant Federal Credit score Union, pending regulatory approval and a supportive vote from the Reliant membership.

Each credit score unions are positioned in Wyoming and have a protracted historical past of supporting the communities they serve.

The merger would mix UniWyo’s 36,000 members with Reliant’s 13,500 members, and can lead to a corporation with mixed belongings of virtually $700 million, making it the second largest credit score union within the state of Wyoming.

The merged credit score unions will function beneath the UniWyo model. 

“Lengthy-term development and the flexibility to greatest serve the state of Wyoming has at all times been and can proceed to be our aim. This merger will profit our membership and workers, and can permit us to proceed our lengthy historical past of neighborhood involvement,” stated Steve Higginson, CEO of Reliant. “UniWyo and Reliant share comparable beliefs with regards to charitable donations and giving again to the communities we serve.”   

At present, UniWyo serves its members from three branches in Laramie and Cheyenne.

Reliant serves its members from a complete of 5 branches in Casper, Cody, Glenrock, and Douglas.

Because of the merger, UniWyo will proceed to hunt extra areas and growth of providers to learn their workers, members, and communities of Wyoming. 

“UniWyo and Reliant’s missions are already comparable and collectively we’ll keep the notion of bettering folks’s lives and at all times placing folks first,” stated Dave Krause, CEO of UniWyo. “We’re extremely excited to come back collectively as one group, to get to know all of our workers throughout all markets, and to succeed in extra neighborhoods in Wyoming.”   

The proposed merger would require regulatory approval from the Nationwide Credit score Union Administration (NCUA), in addition to Reliant members.

An anticipated efficient date will likely be in early 2023.

Till the completion date, each organizations will proceed with no change to how they serve their membership.

Further info and updates on the merger will be discovered on their respective web sites.