WyHy Federal Credit Union was chartered in December 1953 for Wyoming Highway Department employees and their families. A check was sent to the U.S. Treasurer for $35.00 and WyHy Federal Credit Union was established. The founding fathers believed in the Credit Union philosophy: To consider each member's situation individually and provide prompt financial advice to help members manage their finances.
WyHy was originally located in a small state office in the Barrett Building in downtown Cheyenne. WyHy now has a Service Center both in Cheyenne and Casper to serve its membership. The nearly 10,000 square foot facility in Cheyenne features 6 drive-up lanes, a drive-up ATM, and a Call Center. This building acts as the main office for WyHy. Our 5,000 square foot Casper facility features 4 drive-up lanes, and a drive-up ATM.
WyHy has continued to grow by signing up additional businesses called Small Employment Groups (SEGs) for membership eligibility. This year WyHy celebrates 60 years of service with over $184,000,000 in assets and over 13,000 Members.
WyHy's Leadership Team consists of paid employees whose primary purpose is to assist the Credit Union and its employees to fulfill its mission and service promises to its members. In addition, these individuals ensure financial stability commensurate with the best interest of the members, the employees, and the Credit Union.
- Bill Willingham, President/CEO
- Cyndi Patras, Vice President/Chief Financial Officer
- John Kelly, Vice President/Chief Lending Officer
- Tanya Hobson, Vice President/Chief Operations Officer
WyHy Board of Directors
WyHy is governed by a volunteer Board of Directors, elected by the membership. As a democratic representative group, this diverse group of individuals, each serving three-year terms, oversees the operations of the credit union and ensures the safety and security of members' funds. The Board works in conjunction with credit union employees to ensure exceptional service, competitive products, and continuing dedication to our members through the promise we make every day: To contribute to a high quality of life for our members.
The Board of Directors appoints members to serve on the Supervisory Committee. This committee is established in accordance with federal regulations, and comprised of five member- volunteers. This committee is charged with the oversight of the audit process, researching members concerns and ensuring the safety and soundness of our assets.
Asset Management Liability Committee
The Asset and Liability Committee (ALCO) is comprised of volunteers who ensure that WyHy's financial performance is maintained.
WyHy is proud to be a financial cooperative owned and operated by its members for over 50 years. Our members create a strong and competitive financial institution and their dedication to the Credit Union is exemplified in their willingness to volunteer.
To find out how you can volunteer for WyHy, please contact our Executive Assistant, or click below to fill out the volunteer form.
Building valued relationships by delivering personalized financial options.
- Simplify your life
- Work in your best interest
- Be your lifetime partner to help you achieve financial success
Ownership has its Privileges
When you become a member at WyHy, you also become an owner and ownership has its privileges! Ownership is the foundation for WyHy's success. Being an owner gives you the privileges of lower rates on loans, higher rates on deposits and fewer fees; but even more importantly you receive an exclusive rewards program that no other financial institution offers, SmartPoints.
Ownership also entitles you to help govern how we do business. Simply put, your voice counts! As an owner, WyHy strives to provide you with a high-value of standards and exceptional levels of service and we are committed to doing that every day.
Thank you for your ownership!
The Credit Union Difference
Credit unions were originated in mid-1800s in Europe. Banks were reluctant to lend money to certain individuals or groups, and these underserved consumers pooled their resources and formed cooperatives. Credit unions exist to serve the needs of their members. Credit unions educate members about sensible money management to help improve their financial condition. This service-oriented philosophy is the most significant benefit of credit union membership. Credit unions are organizations of people, not of money.
As part owners, members have the right to vote on decisions affecting the credit union. One member has one vote, no matter if his or her deposit is $25 or $25,000.
Key differences between credit unions and banks:
- Credit unions are managed by volunteer Boards of Directors who serve only to assist the financial health of the entire membership. Credit union members vote in board elections.
- Credit unions do not operate for a profit, and therefore do not pay corporate income taxes. Credit unions pay other state and national taxes.
- Credit unions, by federal law, must retain a high percentage of capital to protect members' savings, weather tough economic times and fund the ability to grow and better serve members.
- Credit unions, as not-for-profit organizations, serve the financial well-being of the member through free consumer education and counseling.
- Banks are managed by boards of shareholders who expect to profit from the customers who use their products and services. Bank customers have no input into the management of their financial institution.
- Banks operate for a profit, and therefore do pay corporate income taxes and all other state and national taxes.
- Banks can issue stock to raise capital and must retain a low percentage for savings. Banks can grow any way they choose and expand into any market they choose.
- Banks can serve any customer in any state, and their growth is not restricted by any government agency.