Why are Wyo Central Federal Credit Union and StagePoint Federal Credit Union merging?
The merger will bring together the strengths of both credit unions, enhancing our ability to provide competitive financial products, services, and benefits to our members. By combining resources, we will create a stronger, more resilient institution that is better positioned for future growth and stability.
When will the merger take effect?
The merger is expected to take effect on 10/1/2024, pending a membership vote and completion of the necessary procedures.
What will the new credit union be called?
The merged credit union will operate under the name StagePoint Federal Credit Union.
How will the merger benefit members?
Members will benefit from:
· A larger network of branch locations and ATMs.
· Expanded and enhanced financial products and services.
· Increased financial stability and resources.
· Improved digital banking solutions.
Will my account number change?
Most members will retain their existing account numbers. If any changes are necessary, you will be notified well in advance and provided with detailed instructions to ensure a smooth transition.
Will there be any changes to my accounts or services?
Your accounts and services will continue as usual. Any changes that do occur will be communicated to you in advance, with ample time to prepare.
Will my branch location change?
All current branch locations of both credit unions will remain open. Members will gain access to a larger network of branches, offering greater convenience.
Will my rates and fees change?
There are no immediate plans to change rates or fees. Over time, we aim to offer even more competitive rates and fee structures as a result of the merger.
Will my deposits remain insured?
Yes, your deposits will continue to be insured up to the maximum allowed by the National Credit Union Administration (NCUA).
How will online and mobile banking be affected?
Nothing will change in the near term. It will take time to transition technology platforms. We will provide you with detailed information and support to ensure a seamless transition to any new systems.
Who will lead the merged credit union?
The leadership team will consist of executives from both credit unions, combining their expertise to guide the merged entity. Tyler Valentine, the current CEO of StagePoint Federal Credit Union, will serve as the CEO of the merged credit union. Annie Sorensen, Wyo Central’s current CEO, will remain with the credit union as the Vice President of Casper Operations.
How can I stay informed about the merger?
We will provide regular updates through our websites, emails, and mailings. You can also contact your local branch for more information.
Will there be any changes to the credit union’s hours of operation?
At this time, we do not anticipate any changes to our hours of operation. Any future adjustments will be communicated well in advance.
What should I do if I have more questions?
If you have additional questions, please visit our websites, contact your local branch, or call our member service centers. We are here to help and ensure you have all the information you need during this transition.
Contact Information:
For WyoCentral Federal Credit Union Members:
Call: (307) 234-5401
For StagePoint Federal Credit Union Members:
Email: info@StagePointFCU.com
Call or Text: (307) 745-5365
Thank you for your continued trust and support as we move forward with this exciting merger. We are committed to making this transition as smooth as possible and look forward to serving you as a member of the newly combined StagePoint Federal Credit Union.