In planning for the future, we realized that partnering with another healthy, like-minded credit union would bring members much greater value, enabling us to offer many new products, services and technologies that our members expect from their financial institution - with the same personalized service we offer today. Our Boards agreed that this is the right decision to serve members and their best interests — today and for the long term.
Founded in 1935, Nuvision (nuvisionfederal.com) is a financially strong, well-capitalized, full-service credit union with assets of over $1.5 billion. Headquartered in Huntington Beach, California, Nuvision is federally insured with 15 branches and 92,000 members. Most importantly, Nuvision shares our values and will continue our member-focused philosophy and community commitment.
You can expect much more from your credit union through this partnership. You will have easier account access and support with 30,000 surcharge-free ATMs, expanded phone service hours, and online live chat. This partnership will also bring the latest technologies in the internet and mobile banking services, including text banking. You can expect many more products and services, including new account options, additional mortgage loans with a local mortgage specialist, business banking, student loans, and investment and financial planning services, to list just a few benefits!
Yes. Our goal is for all employees to remain with our combined credit union, so you can expect to see the same staff members that serve you today! In fact, as part of a larger organization, our employees will have opportunities to grow further and develop. We want our members to continue to benefit from the same friendly help and smart advice they have become accustomed.
Yes, our branch will remain open, and we will also have the resources for upgrades, to offer you an even better experience! Once the integration is complete, you will also have access to a 2nd location in Cheyenne as Unified People’s FCU has also partnered with Nuvision.
Yes, we will continue to participate in the shared branching network for our members use. You will also continue to have access to the CO-OP ATM network with nearly 30,000 surcharge-free ATMs covering all 50 states and ten countries.
A partnership between First Cheyenne and Nuvision will allow us to streamline our operational costs, which will directly benefit our members allowing us to continue to offer highly competitive rates and fees. Terms and conditions of existing share certificates and loans will not change.
Nothing will change until the partnership receives all approvals and we integrate the operations of both credit unions. Also, we will work hard to make the integration as seamless as possible, so you can conduct business as you always have.
Yes, we will continue to offer Free Checking, and, there will be many new products and services to choose from through our partnership! After we've received approval, we will send you detailed information about all the new products and services available to you.
Your accounts will remain safe, sound and federally insured through the National Credit Union Share Insurance Fund, a U.S. Government Agency, just as they are today.
A larger deposit and capital base mean expenses are spread over a bigger member base, significantly decreasing our expense structure, increasing operating efficiencies, and reducing risk associated with difficult economic or rate environments. These economies of scale would give us the resources to better serve members, make the right long-term infrastructure and technology investments, and become vastly more competitive.
First Cheyenne is financially sound and has a net worth ratio that exceeds regulatory requirements. This is not an acquisition like a bank; this is a partnership to bring greater value to its members.
Our commitment to our local community will be even stronger. Through the partnerships, we will create a special investment fund to increase our outreach and support programs in the Cheyenne area and expand our involvement in our community.
We have received approval from our regulators, and now it’s up to you, the members to vote on the merger. We hope you will give your approval for this exciting partnership opportunity. Assuming we receive your approval, the merger will be finalized by the beginning of March 2018, with our systems fully integrated by the end of 2018.
We're here to answer your questions! Please don't hesitate to contact us with any questions about this partnership and what it means to and for you.
Phone (307) 632-8111 or (800) 747-2490