merger information and resource center
To our Members:
It is with great joy and enthusiasm that the Reliant Board of Directors and Executive Team announce a proposed merger with UniWyo Credit Union, pending regulatory approval and a supportive vote from our membership. UniWyo has branches located in Laramie and Cheyenne, Wyoming.
This merger will result in a combined organization of almost $700 million in assets and 50,000 members. While both credit unions are financially strong and healthy, this merger will provide economies of scale that can be achieved as a larger institution. It will allow for additional benefits for our members, employees, and the communities of Wyoming. Reliant and UniWyo’s missions are already aligned and together we will maintain the notion of bettering people’s lives underneath the UniWyo brand. We are thrilled for our credit unions to come together, to get to know each of our employees and members across all markets, and to reach more neighborhoods in Wyoming as we continue to put people first.
While this is an incredibly exciting time, we understand that our members and community partners will have questions as we move toward combining our organizations. To answer some of those we have prepared a list of FAQs for your reference. We encourage you to check back often for updates as we progress through the merger. This list will expand as we have more answers to make it as smooth of a transition as possible for our growing membership.
Thank you for your membership and continued support! We look forward to sharing this journey with each of you!
frequently asked questions
This merger makes both of our organizations financially stronger, which benefits our employees, members, and the communities of Wyoming. Our missions are already similar and together we will continue to better people's lives by always putting them first. Our members will have more access to locations, products, and services.
No. Both credit unions are growing and continue to be successful. There are benefits that come with a larger institution that will provide additional opportunities to our membership, employees, and our local communities.
No. All of Reliant & UniWyo's employees will maintain employment and be in the same or similar roles after the merger is complete. This growth will also allow for remarkable opportunities for future advancement for our employees.
Yes. Upon completion of the merger, Reliant Federal Credit Union will be UniWyo Credit Union.
No. There is zero overlap in locations between Reliant and UniWyo, so upon completion of the merger, members of the combined credit union will have access to 8 branches throughout the state of Wyoming.
At this time, nothing will change and things will continue to work like they always have. When things move further along in the merger, we will notify you of any changes and key dates so that you continue to have uninterrupted access to your money.
Each credit union will continue to work closely with each other while obtaining regulatory approval from the National Credit Union Administration (NCUA). Once that approval takes place, we will seek to obtain membership approval. This approval is expected to take place in the last quarter of 2022.
You can find information on Reliant or UniWyo's website. Please keep an eye out in your email and your mailbox for important information and key dates coming from Reliant.
No. You will automatically become a member of UniWyo Credit Union.
During the merger process you can utilize shared branching at UniWyo branches to make deposits, withdrawals, and loan payments. When things are finalized, we will keep you posted.
Absolutely! If anything it will allow us to expand our reach in each of the markets we serve.
Finding an established credit union with a similar passion and excitement for bettering people's lives through exceptional products, services, and experiences has led us to UniWyo. We both want to bring this passion to the entire state of Wyoming and believe together we can achieve this in ways that will better serve our membership, employees, and communities.