CHEYENNE, Wyo. (RELEASE) - In a scheduled gathering at Yellowstone National Park today, members of Yellowstone Federal Credit Union voted overwhelmingly to approve a merger with Meridian Trust Federal Credit Union.
Nearly 90 percent of Yellowstone members who participated voted in favor of merging.
Yellowstone, with about $5 million in assets and 500 members, will merge with Meridian Trust’s $420 million in assets and 28,000 members. Yellowstone has a credit union branch inside the boundaries of Yellowstone National Park, which will become a Meridian Trust credit union branch and open to serve all members of the combined credit unions.
“We’re excited to merge with Meridian Trust,” said Yellowstone CEO Martha Powell. “The merger will ensure that we can continue to meet our members’ growing needs, while providing them with excellent service. Meridian Trust has a wide array of financial products, everything from free checking and free online banking, to an incredible mobile app and great loan products with lower rates. Our members will truly benefit from this merger.”
She added, “We believe that our two credit unions will be stronger together. It’s about providing our members with the latest in technology and helping them do better with more products. Yellowstone and our members have a tremendous future ahead of us.”
Kim Withers, Meridian Trust CEO, said, “We’re very excited to welcome Yellowstone members and employees into the Meridian Trust family. We’ve known Martha and her team at Yellowstone for years and we’ve witnessed firsthand the outstanding service they provide and the great loyalty of their members. We look at this as an opportunity that will benefit members of both credit unions. And I’m sure Meridian Trust members will enjoy visiting the branch inside of Yellowstone National Park.”