Credit Unions Announced Merger Plan

Members of Sky Federal Credit Union and On Tap Credit Union will see their institutions combine assets to serve over 32,000 customers.

Updated on Oct. 7, 2026 in Saving

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Sky Federal Credit Union and On Tap Credit Union have announced plans to merge into a single entity. The new organization will serve more than 32,000 members across Montana and Colorado.

Why it matters

The merger aims to combine the resources of both institutions under a shared set of cooperative values. Members across both states are expected to maintain service through existing branch locations as the credit unions unify their operations.

The combined entity will manage $671 million in assets and serve 32,000 members across eight physical locations. This integration brings together resources from institutions previously operating independently in Montana and Colorado.

The players

Sky Federal Credit Union

A financial institution based in Livingston, Montana, that provides member-owned banking services.

On Tap Credit Union

A Golden, Colorado-based cooperative that offers consumer banking products and loans to its members.

The details

The two credit unions will consolidate their complementary resources into a single organizational structure. Management has stated that the merger is not expected to result in any branch closures for current members. This consolidation is driven by a shared alignment in institutional culture and a stated priority of putting members and local communities first.

October 7, 2026: Announcement of the planned credit union merger.

Money Landscape

This merger follows the broader industry pattern of consolidation among smaller, member-owned institutions. It marks a shift toward larger asset bases within the cooperative banking sector.

Members should monitor their mail and online banking portals for any future communications regarding changes to account access or routing numbers. If you have specific concerns about your account terms, speak with a representative at your local branch to understand how the integration may affect your services.

The takeaway

Large-scale mergers can impact how credit unions manage service and product offerings over the long term. Keep a file of any transition notices sent by your credit union and track whether your specific account benefits remain the same after the integration is finalized.