Meridian Trust Federal Credit Union

What Meridian Trust Federal Credit Union does

Meridian Trust Federal Credit Union is a federally chartered, member-owned cooperative financial institution headquartered in Cheyenne, Wyoming. Chartered in January 1954 as Wyoming Employees Federal Credit Union to serve Wyoming state employees, the institution now operates 12 branches across Wyoming, Colorado, and Nebraska and serves more than 43,000 members. As of the start of 2026 it holds over $712.9 million in assets and employs 127 people. Bryan Thomas has served as CEO since 2024. The credit union is federally insured by the NCUA, designated an Equal Housing Lender, and registered with NMLS (412716) for mortgage operations.

The product portfolio spans consumer and business banking. Consumer deposits include MaxRewards Free Checking (up to 4.00% APY with criteria), Momentum Money Market (6.00% APY on first $2,000 with tiered rates), Steady Savers Club youth savings, regular savings (0.05% APY), Share Certificates/IRAs (6-60 month terms), and a Health Savings Account. Consumer lending covers vehicle loans (rates starting at 3.89% APR), first mortgages (via a partnership with Centennial Lending), home equity loans/lines of credit (5.75%-6.00% APR+), land and construction loans, personal loans (8.49% APR+), private student loans (via Student Choice), small-dollar RapidCash loans ($200-$2,000, no credit check), and a Buy Now, Pay Later debit-purchase-splitting product. Visa consumer and business credit cards, wealth management, and free credit reports via Credit Savvy complement the line-up. Business services include checking, YieldWise Money Market (up to 1.57% APY), equipment loans (6.75% APR+), commercial real estate loans, business vehicle loans, lines of credit, merchant card processing, ACH origination, and wires. Digital delivery is via iOS/Android mobile banking (mobile check deposit, Zelle, card controls, fraud alerts) and online banking, supported by a 24/7 call center and the CO-OP shared-network providing 30,000+ surcharge-free ATMs.

The business model is retail relationship banking funded by member deposits and member-ownership equity. Revenue is generated primarily through interest income on the consumer and business loan book and on investments, plus fee and interchange income from deposit services, card transactions, and merchant processing. Pricing is tiered and behavior-linked: high APYs on checking and money market require engagement criteria (direct deposit, debit activity, eStatements, minimum balance) or balance tiers. Distribution combines physical branches, self-service digital channels, telephone support, and strategic referral partnerships for mortgages (Centennial Lending), student lending (Student Choice), and ancillary services (Billerpayments, H&R Block/TurboTax). Membership eligibility flows from Select Employee Groups (including Wyoming state agencies, University of Wyoming, WYDOT, Yellowstone, Poudre School District, military), residents of designated Wyoming/Nebraska counties and Wellington, Colorado, plus small businesses and non-profits. Community investment is channeled through the affiliated North Star Foundation 501(c)(3) (scholarships, Heat & Hunger initiatives, childcare assistance).

Name

Meridian Trust Federal Credit Union

Legal name

Meridian Trust Federal Credit Union

Website

https://mymeridiantrust.com

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

51–100 employees

Short description

Meridian Trust Federal Credit Union is a federally chartered, member-owned cooperative headquartered in Cheyenne, Wyoming, serving 43,000+ members through 12 branches in Wyoming, Colorado, and Nebraska with $712.9M in assets, offering consumer and business deposits, loans, mortgages, and digital banking.

Ownership category

akta.pro rank

Headquarters

HQ city

Cheyenne

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Loan Interest Income: Interest income from vehicle loans, mortgages, home equity loans/lines of credit, personal loans, student loans, credit cards, and business loans. Vehicle loans starting at 3.89% APR, mortgages through partnership with Centennial Lending, personal loans up to 8.49% APR.
2. Deposit Account Fees and Interchange: Fee income from deposit accounts including checking, savings, money market, and certificate accounts. Also includes debit/credit card interchange fees on member transactions.
3. Service Fees and Charges: Various service fees including insufficient funds/overdraft fees, wire transfer fees, and other account service charges. Business account services include merchant card processing fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels7 records

Marketing channels8 records

Core offering

Meridian Trust Federal Credit Union is a federally chartered, member-owned cooperative financial institution offering deposit accounts (checking, savings, money market, certificates), consumer and business loans (vehicle, mortgage, home equity, personal, student, equipment, commercial real estate), Visa credit cards, and digital banking through online and mobile platforms. Services are delivered across 12 branches in Wyoming, Colorado, and Nebraska, supported by 30,000+ surcharge-free ATMs and a 24/7 call center.

Product overview

Meridian Trust Federal Credit Union operates as a full-service financial cooperative offering a comprehensive suite of banking products through a multi-channel distribution model. The product portfolio encompasses personal banking (checking, savings, money market, and certificate accounts), consumer lending (vehicle loans, mortgages via Centennial Lending partnership, home equity products, personal loans, student loans, and specialty financing like RapidCash and BNPL), credit cards (Visa Rewards and Cash Back programs), and business banking services (checking, savings, money market, equipment loans, commercial real estate, and business credit cards). Digital services are delivered through Online & Mobile Banking platforms with Zelle integration, complemented by wealth management, credit monitoring via Credit Savvy, and merchant services. The institution emphasizes community banking with 11 branch locations across Wyoming, Colorado, and Nebraska, supported by over 30,000 surcharge-free ATMs through the CO-OP network.

Differentiator

Problem solved

Functional benefit

Products and services

• MaxRewards Free Checking

Quantifiable outcome

• $36.6 million paid out in member dividends over 5 years
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability4 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Student ChoicecoreTechnology or IntegrationInnovative private student lending solution partnership providing undergraduate and graduate student loans, competitive fixed and variable interest rates, and student loan refinancing options. Includes potential 0.25% rate reduction for automatic payment enrollment.
• Centennial LendingcoreChannel Partner/ Reseller/ DistributorMortgage lending partnership providing first mortgage loan origination services for members. Members apply through Centennial Lending platform for home purchase and refinance loans.
• CO-OP Credit UnionscoreTechnology or IntegrationShared ATM network partnership providing access to 30,000+ surcharge-free ATMs nationwide for Meridian Trust members.
• ZellecoreTechnology or IntegrationPerson-to-person payment integration allowing members to send and receive money quickly using email addresses or mobile numbers directly through Meridian Trust mobile app.
• North Star FoundationcoreStrategic or Co-development Partner501(c)(3) nonprofit foundation created to support local causes. Meridian Trust created and supports this foundation which provides college scholarships, childcare assistance, and community funding. Donations of $5+ qualify for foundation membership.

Scale indicators10 records

Recent moves11 records

Expansion highlights5 records

Direct peers

• BECU (Boeing Employees Credit Union): Large, member-owned federal credit union originally chartered around an employer group (Boeing). Direct comparator to Meridian Trust in cooperative structure, SEG-based field of membership, and community-focused retail banking model.
• First Tech Federal Credit Union: Employer-affiliated federal credit union (tech industry SEGs) offering full-service consumer and business banking, including high-yield deposit products, lending, and digital channels. Highly comparable in charter, product mix, and member-owned model.
• Alliant Credit Union: Digital-first federal credit union serving broad national membership including SEGs. Closely comparable on high-yield deposits, digital account opening, fee-free checking, and member-owned cooperative economics.
• Connexus Credit Union: Mid-sized federal credit union with national membership, full consumer and business banking suite, and a strong digital platform. Comparable in scale (~similar asset range), product breadth, and member growth orientation.
• Mountain America Credit Union: Large Mountain West federal credit union operating across multiple states with a similar full-service consumer, mortgage, and business product set. Strong regional analog given geographic and demographic overlap.
• Idaho Central Credit Union: Regional federal credit union operating across Idaho and adjacent states, with full-service retail and business banking and strong community involvement. Comparable in regional cooperative model and growth trajectory.
• Patelco Credit Union: Member-owned federal credit union offering consumer deposits, loans, mortgages, and wealth services. Similar in cooperative structure, product breadth, and middle-market asset scale to Meridian Trust.
• Baxter Credit Union (BCU): Employer-affiliated federal credit union serving employees of partner companies with consumer and business banking products. Direct analog on SEG-based charter and member-owned model.
• Truliant Federal Credit Union: Member-owned federal credit union with consumer, mortgage, and business banking and a strong community/employer-group orientation. Comparable in product set, branch-led model, and mid-scale asset base.

Broad incumbents

• Capital One: Large national bank and direct-to-consumer deposit/lender competing head-to-head on high-yield savings and auto loan rates. Not a direct credit union peer, but the most relevant incumbent competitor for rate-sensitive deposit and loan customers in Meridian Trust's footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/MTFCU
• Facebookfacebook.com/MTFCU
• LinkedInlinkedin.com/company/meridian-trust-federal-credit-union
• Instagraminstagram.com/mtfcu_
• Xx.com/mtfcu_

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Meridian Trust Federal Credit Union