Banking

Wyoming and Nebraska credit unions to merge

Meridian Trust Federal Credit Union, headquartered in Cheyenne, Wyoming, has struck a deal to merge with Western Heritage Federal Credit Union based in Alliance, Nebraska.

Meridian Trust, with $575 million of assets, announced that it plans to combine with the $65 million-asset Western Heritage in an effort to grow available economies of scale, expand services offered to members and increase credit union access. The deal is expected to be finalized in early 2022, pending regulatory approval.

“We look at this as an opportunity that will benefit the great members of both credit unions,” Kim Withers, Meridian Trust CEO, said in a press release Monday. “Each organization has a strong passion for serving their existing and potential membership, providing local as well as world-class digital services.”

The combined institution would continue to operate under the Meridian Trust brand.

“Each organization has a strong passion for serving their existing and potential membership, providing local as well as world-class digital services,” said Kim Withers, CEO of Meridian Trust Federal Credit Union.

Janelle Rose Photography

“We’re extremely excited to partner with Meridian Trust because of what this means for our membership,” Cindy Baker, Western Heritage’s CEO, said in the press release. “This will ensure that we can continue to meet our members’ growing financial needs, while providing them with top level service. Meridian Trust has a wide array of offerings that our members will love.”

Early last year, Meridian Trust merged with the $4.4 million-asset Yellowstone Federal Credit Union in Yellowstone National Park, Wyoming.



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