Economic strains, increasing regulatory demands and the fast pace of changing technology make it challenging for many financial institutions to remain competitive. WyHy is a Wyoming Credit Union, serving Wyoming people and WyHy has members in all of Wyoming’s 23 Counties. Recognizing the need to continue the high level of service to their members, Sweetwater’s Board of Directors determined in April of this year to pursue a merger opportunity with WyHy. Sweetwater’s Board of Directors believe it is in the best interest of the members and the vitality of the credit union to become a part of WyHy. The result will be a stronger credit union that provides additional value to the Sweetwater members and existing WyHy members.

As part of WyHy, Sweetwater can ensure the ability to meet members' changing financial needs while continuing to provide superior member service. It will also help keep fees and loan rates low and savings rates competitive. This merger is an exciting partnership between two Wyoming credit unions that will join forces to better serve our members and truly become stronger together!

As noted above, mergers with the right partners provides growth for WyHy and delivers 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 and improving member’s lives. Existing and new members of WyHy in southwest Wyoming will now have additional branch access.

Yes! Sweetwater has a very nice facility and a great staff in Rock Springs. We want to continue to provide the convenient service that Sweetwater members have enjoyed for years. As an added benefit, the merger will allow WyHy to bring the Rock Springs location to the thousands of members that WyHy already has in southwest Wyoming. And following the conversion of Sweetwater’s computer system, members will have access to all WyHy branches. It is anticipated that core computer systems would be merged mid 2023.

No.  You will continue to receive the best products, rates, and services that we can provide our great members!  Following the conversion of the Sweetwater computer system, members will have the opportunity to fully use this branch in Rock Springs.

No. Only the merging credit union (Sweetwater) will vote.

Now that both Board of Directors and the NCUA have approved this merger, the Sweetwater members will have the opportunity to vote. Following the vote of the membership, and a November 16, 2022 special meeting of the members, the results are provided to the NCUA. Assuming a positive vote the NCUA prepares to transfer all assets and members to WyHy. This is projected to be effective on December 31, 2022.

The latest updates and information will be available right here at:  https://wyhy.org/Resources/Stronger-Together.  We’re excited to share this information with you as WyHy continues to grow and serve you, our member.