Meridian Trust Federal Credit Union, headquartered in Cheyenne, Wyoming, has entered into an agreement to merge with Western Heritage Federal Credit Union based in Alliance, Nebraska.
Meridian Trust, with $ 575 million in assets, announced its intention to partner with the $ 65 million in assets Western Heritage with the goal of increasing available economies of scale, expanding member services and increasing access to credit unions. The deal is expected to be finalized in early 2022, pending regulatory approval.
“We see this as an opportunity that will benefit the large members of both credit unions,” Kim Withers, CEO of Meridian Trust, said in a press release on Monday. “Every organization has a strong passion for serving its existing and potential members, providing local and world-class digital services.”
The combined institution would continue to operate under the Meridian Trust brand.
“We are extremely happy to partner with Meridian Trust because of what it means to our members,” Cindy Baker, CEO of Western Heritage, said in the press release. “This will ensure that we can continue to meet the growing financial needs of our members, while providing them with high level service. Meridian Trust has a wide variety of offers that our members will love.
Early last year, Meridian Trust merged with the Yellowstone Federal Credit Union, an asset of $ 4.4 million, in Yellowstone National Park, Wyoming.