Merger FAQs

Why is Ascent Credit Union proposing a merger with Goldenwest Credit Union?

The proposed merger of Ascent Credit Union and Goldenwest Credit Union is strategic, being founded on a strong alignment of missions, values, and community focus. The proposed merger is designed to ensure that members experience the best of both institutions: the innovation and inclusivity that Ascent has continued to focus on, paired with the scale, strength, and resources of Goldenwest. And finally, the proposed merger is an opportunity to restore the Weber State Credit Union name and brand, revitalizing our relationship and expanding our support of the university.

Is Ascent Credit Union needing to merge for financial reasons?

No. Ascent Credit Union continues to be very financially sound. This proposed merger with Goldenwest Credit Union is a strategic merger that will allow us to serve our members better by providing expanded product offerings, a larger branch network, more financial services, and a continued commitment to supporting our communities.

How will I benefit from this proposed merger?

Enhanced Access to Products and Services

• • Ascent Credit Union members will gain access to a wider variety of loans, savings, insurance, and investment products.
  • Ascent’s innovative programs will continue and expand through Goldenwest’s infrastructure, making them available to more members with greater reach and reliability.

Improved Physical Access

• • The combined branch network will increase member convenience by offering more than 50 locations for in-person service across Utah and Idaho.

Stronger Financial Value

• Economies of scale will enable the merged credit union to maintain competitive loan rates, higher deposit yields, and lower fees.
• The combined capital strength provides long-term stability and greater protection of member assets.

Preservation of Community Identity

• Restoring the name Weber State Credit Union will strengthen local pride and reinforce Ascent Credit Union’s heritage in the community.
• Ascent Credit Union members will continue to experience the same friendly service from staff they know and trust, while also gaining the benefits of a larger institution.

Is the proposed merger final?

Not yet. It is subject to a favorable vote by Ascent Credit Union members, regulatory approval, and other customary conditions.

What is the timeline for the proposed merger?

• The proposed merger is subject to approval by Ascent Credit Union members, followed by NCUA regulatory approvals. This process could take up to 90-120 days.
• Following the required approvals, the systems integration is anticipated to be completed during the second half of 2026. Until then, day-to-day operations will continue as usual at each credit union.
• A more detailed timeline will be shared in the coming weeks as we move through the NCUA application process and coordinate with our vendors.

Do I need to do anything now?

No. Keep using your current Ascent Credit Union accounts, Visa cards, checks, and apps as you normally do.

What will happen to the current Ascent Credit Union branches?

The current Ascent Credit Union branches will continue to operate with the current Ascent Credit Union staff, but under the brand of Weber State Credit Union – a division of Goldenwest.

When can I access Goldenwest branches?

Account access at Goldenwest and USU Credit Union, also a division of Goldenwest, branches will become available once the systems integration is complete, which we anticipate in the second half of 2026.

What happens to my online banking and bill pay?

No immediate changes. Before the systems integration in 2026, we will provide clear instructions and support. Please know that both Credit Unions are committed to making this transition as easy and seamless as can be for our members.

Are my deposits still insured?

Yes. Your deposits remain federally insured by NCUA up to applicable limits.

How does this affect my existing loans or certificate accounts?

The rate for your loans or certificates are guaranteed for the term of the loan or certificate. Once a certificate matures, it will renew at the rates offered at time of maturity.

Does this proposed merger affect my membership eligibility?

No. All existing Ascent Credit Union members and accounts will automatically transition to Goldenwest Credit Union when the systems merger is complete. Existing members will continue as normal, with no interruption to their accounts, loans, or services.

After the merger is finalized, new membership eligibility will be based on geographic area, educational affiliation, and employment or association affiliation, rather than solely on community-based eligibility. This change will expand opportunities for individuals interested in joining the credit union while preserving full membership rights and benefits for all current members.

Will Shared Branching still be available?

Yes. Both credit unions currently participate and will continue to participate in the Shared Branching network.

Will my debit and credit cards say Weber State Credit Union?

Yes, we expect cards to have the Weber State Credit Union name and brand.

Will my existing Ascent CU account will be merged with my Goldenwest CU account during the merger?

No. Your existing Ascent Credit Union account will not be merged with your Goldenwest Credit Union account.

Will I lose Overdraft Privilege with Goldenwest?

No. Goldenwest offers this service as well.

Will the $2,000 AD&D insurance through TruStage continue after the merger?

Yes, both member and credit union-paid AD&D insurance policies will continue after the merger.

Will we have the same fee schedule as Goldenwest after the merger or will they be different?

We will adopt Goldenwest’s fee schedule after systems are integrated.