BILLINGS- The merger of Big Sky Federal Credit Union into Billings Federal Credit Union has been approved, credit union officials said Monday.
The National Credit Union Administration gave the final okay to the October merger, which will increase the number of Billings Federal Credit Union branches from three to four in town.
Billings Federal Credit Union will also increase its total assets from $149 million to $158 million with the addition of $9 million in assets from Big Sky, according to Kevin Rookhuizen, the vice president for sales and marketing for Billings Federal Credit Union.
The combined credit union will serve over 10,000 members in Yellowstone, Big Horn and Carbon counties.
New members from Big Sky will have access to new financial products and services, said Tom Boos, president and CEO of Billings Federal Credit Union. The integration will be complete by Feb. 1.
“This partnership will allow us to broaden our branch network, expand our presence, and further strengthen our commitment to the community,” Boos said in a statement.
With the merger, Billings Federal Credit Union will add three Big Sky employees for a total of 48.