(Lander, WY) – Meridian Trust Federal Credit Union announced on September 13th a proposed merger with Nebraska-based Western Heritage Federal Credit Union. The two credit unions will be merged under the Meridian Trust name.
Meridian Trust has $575 million in assets, nearly 32,000 members and branches in Wyoming, Colorado and Nebraska, according to their press release, and Western Heritage has $65 million in assets, over 8,000 members and branches in Alliance and Scottsbluff, Nebraska.
The partnership will offer expanded services to Western Heritage FCU members and additional branch and ATM access to Meridian Trust FCU members. Members and employees of both organizations will benefit from the economies of scale that a larger organization brings.
No layoffs will result from the merger which is expected to be completed by early 2022.
Kim Withers, Meridian Trust CEO said, “We look at this as an opportunity that will benefit the great members of both credit unions. Each organization has a strong passion for serving their existing and potential membership, providing local as well as world-class digital services.”
Meridian Trust Federal Credit Union was also recently named the Best Credit Union in the state according to Forbes. Since both credit unions currently have a branch in Scottsbluff less than a half-mile apart from each other, the plan is to combine operations inside of the Western Heritage location. The branch in Alliance, Nebraska will remain at its current location.
“We’re extremely excited to partner with Meridian Trust because of what this means for our membership,” said Western Heritage CEO Cindy Baker. “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. They come in with an amazing free checking product and they’ve also just recently launched a state-of-the-art online banking product and a new mobile app.” She added, “They also have great low loan rates. Our members will truly benefit from this.”
Meridian Trust member service scores are among the highest in the financial services industry nationwide, according to Meridian Trust Chief Experience Officer Ed Beckmann.
“Western Heritage members have an incredibly bright future ahead of them,” he noted.