In today’s world there are many benefits to a larger credit union. Additional resources and the ability to pay for ever increasing technology and talent expenses are possible with a larger asset base. WyHy is a Wyoming Credit Union, serving Wyoming people and WyHy has members in all of Wyoming’s 23 Counties. Although WyHy offers remote access to our services, we are pleased to add additional branch facilities in the southwest area of the state.

Not at this time. Following a positive vote of the Wyochem members WyHy will press forward to combine the core computer systems that will allow full transactions and services at the Green River and Lyman locations. It is anticipated that core computer systems would be merged on November 30, 2022.

As noted above, mergers with the right partners provide growth for WyHy and deliver benefits such as additional branch facilities and reduced costs. Unlike a bank buyout, a credit union merger is a collaboration between two credit unions seeking to combine financial resources and expertise for the sole purpose of providing members with expanded services

After a unanimous vote by both credit union boards, the merger has been regulatorily approved on April 6, 2022 by the NCUA, our federal regulator. The members of Wyochem FCU will vote on the merger electronically. by mail and at a member meeting scheduled for June 10, 2022. Assuming a positive vote, the results will be sent to the NCUA who will cancel the Wyochem FCU charter and transfer the credit union’s assets to WyHy, assumable effective June 30, 2022.  The federal deposit insurance will remain in effect for all member deposits

No.  You will continue to receive the best products, rates, and services that we can provide our great members!

No. Only the merging credit union (Wyochem) votes.

The latest updates and information will be available at: https://wyhy.org/Resources/Partnering-For-Success.