Sky Federal and On Tap Credit Unions Announced Merger
The two institutions will combine resources to serve over 32,000 members across Montana and Colorado.
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 organization. The combined entity will manage approximately $671 million in assets.
Why it matters
The merger brings together two institutions with shared cooperative values and a focus on community-first banking. By combining resources, the organizations aim to strengthen their service capabilities for members in both states.
The newly formed credit union will hold approximately $671 million in combined assets. It will serve more than 32,000 members through a network of eight physical locations across Montana and Colorado.
The players
Sky Federal Credit Union
A financial institution headquartered in Livingston, Montana.
On Tap Credit Union
A credit union based in Golden, Colorado.
The details
The institutions plan to combine their complementary resources to streamline operations and enhance member offerings. Leadership confirmed that the merger is not expected to result in any branch closures for the current locations.
Timeline
The planned credit union merger was officially announced on October 7, 2026.
Market Dynamics
This merger follows the documented industry trend of smaller credit unions consolidating to achieve greater scale and operational efficiency. It reflects a broader shift as regional institutions look to pool resources in an increasingly competitive financial landscape.
Members of both credit unions will likely see operational changes as systems integrate, though branch access remains stable due to the no-closure policy. Depositors and loan holders should monitor official correspondence for updates regarding account numbers or service changes.
The takeaway
Mergers in the credit union space are often designed to leverage combined scale for better member technology and services. Consumers should confirm that their existing financial habits remain compatible with any updated policies resulting from the institutional integration.
Further reading
For more information on how consolidation affects personal accounts, visit the Saving section.
Source note: This article includes information reported by BizWest.
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