Every team member is critical to making this partnership successful. If we put ourselves in the shoes of the Reno City EFCU members, we imagine it could be a bit unsettling for them to merge into Great Basin FCU.  We know we will welcome the members and employees with open arms, and giving them the experience of our service promises will surely put their minds at ease. We will need your support, commitment, and energy in the months ahead to make this happen.

As our credit union grows, we’ll have the potential to provide you with more career opportunities, advancement possibilities, training/development programs, as well as the ability to continue our competitive compensation and benefits. Our larger organization will also have the scale to develop new products and services, and explore new technologies—all of which translate to more exciting opportunities for us, and our members!

Rest assured, there will be no layoffs as a result of this partnership, and we will welcome the RCEFCU staff members to our team. The great majority of our team members will continue to work in the same location. If a change in location is needed, affected team members will be notified well in advance.

The Boards of both credit unions believe this will be a great partnership opportunity both from an operational and member-service perspective. The shared values between our credit unions made this an easy decision for both boards. We are excited to have the opportunity to serve the RCEFCU members by providing a more robust product suite and enhanced technological solutions that compliment our physical branch network. For Great Basin, the added shares and loans brought over from RCEFCU members will positively impact our already strong financial position.  We are considering our options to keep their branch located in downtown Reno.

There were several critical questions that each credit union’s Board discussed prior to entering into this agreement that required a “yes” answer before moving forward. They included: Is this partnership in the best interest of the Members and team members of both credit unions? Will this partnership provide additional value to the Members of both credit unions? Does the surviving credit union have a solid financial position now and will they after the partnership?

Both Boards unanimously gave “yes” answers to all three questions. Thus, the partnership is proceeding.

No, however, they do overlap.  Reno City EFCU can serve city of Reno employees, the Airport Authority and their families.  

At this time, there are no plans to change branch hours.

The primary headquarters of the combined credit union will remain the current South Reno Branch.

The Boards of Directors of both credit unions have approved the partnership and are now seeking approval from our regulators. After regulatory approvals, RCEFCU Members will be asked to vote on the partnership at a special member meeting.  While that will be the official merger date, there is still work to do to bring their members on our core system, Symitar.