UniWyo Credit Union in Laramie, Wyoming, and Reliant Federal Credit Union in Casper, Wyoming, are planning to merge.
The $494 million-asset UniWyo said its proposed deal with the $189 million-asset Reliant would grant the combined organization nearly $700 million of assets across eight locations and a membership base of roughly 50,000. The agreement is expected to be finalized in early 2023, pending regulatory approval and a majority vote of approval from Reliant members.
“Long-term growth and the ability to best serve the state of Wyoming has always been and will continue to be our goal. … This merger will benefit our membership and employees, and will allow us to continue our long history of community involvement,” Steve Higginson, chief executive of Reliant, said in a press release Monday.
All credit union operations will continue under the UniWyo brand upon completion of the merger, according to the terms of the agreement.
“UniWyo and Reliant’s missions are already similar and together we will maintain the notion of bettering people’s lives and always putting people first. … We are incredibly excited to come together as one organization, to get to know all of our employees across all markets and to reach more neighborhoods in Wyoming,” Dave Krause, UniWyo's chief executive, said in the release.
