WyHy Federal Credit Union Expands Membership Eligibility To All Wyoming Residents
WyHy Federal Credit Union is proud to announce that it is expanding its services and membership eligibility to all residents of Wyoming. With eligibility no longer bound by employment or membership in limited entities, this nonprofit financial organization now has even greater power to assist, educate, and uplift communities across the state.
CHEYENNE, Wyo., Aug. 21, 2020 /PRNewswire-PRWeb/ -- As a financial institution with nearly 70 years of experience serving Select Groups, WyHy Federal Credit Union is proud to announce that it is expanding its services and membership eligibility to all residents of Wyoming. With eligibility no longer bound by employment or membership in limited entities, this nonprofit financial organization now has even greater power to assist, educate, and uplift communities across the state.
WyHy's expansion is not just an exciting development for its members and staff—it's also a symbol of victory. After two years of litigation attempts by the American Bankers Association (ABA) to limit where WyHy can serve, this Wyoming-grown organization won the right to accept membership from anyone who lives, learns, works, or worships within the state. This is a triumph for WyHy and for anyone seeking more not-for-profit banking options in The Equality State.
"Our institution has worked with, served, and uplifted our surrounding community for over 60 years," said Bill Willingham, President /CEO of WyHy. "We started in 1953 with a $35.00 check sent to the US Treasury Department on behalf of the Wyoming Highway Department. Now, with this growth opportunity, we can use our expertise to connect everyone in Wyoming with exceptional, trusted service. We cannot wait to show our neighbors all over the state that we are with them, regardless of county lines."
Unlike other financial institutions, credit unions like WyHy return their extra revenue to members by offering lower rates on loans, higher rates on deposits, and fewer all-around fees. WyHy's Wyoming-minded financial philosophy also shines through the organization's status as a Co-Op credit union. This shared branching system means that members don't need to be close to WyHy's physical locations. At a shared branch, members can walk in and enjoy banking services at 5,600 other credit unions as if they were stopping by a WyHy branch. Members also have access to 30,000 surcharge-free ATMs nationwide.
For more information on WyHy, please visit wyhy.org.
For over 60 years, WyHy Federal Credit Union has served its members with a singular promise: to provide individualized, trusted guidance in wealth management. Today, it is the fourth largest credit union in the state of Wyoming and is the 957th largest credit union in the nation. Additionally, it is proud to rank among the Top 200 Healthiest Credit Unions in the US according to independent financial analysts at DepositAccounts. WyHy, headquartered in Cheyenne, is proud to assist each of its 15,000 members on their unique paths to financial health. WyHy's reputation as a stalwart, Wyoming-minded institution comes from a dedication to member satisfaction and economic responsibility.
SOURCE WyHy Federal Credit Union
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