On Tap & Sky Update

Why this matters

Not a takeover. Not a rescue. A choice, made from strength.

Both credit unions are financially healthy. Neither one had to do this. We're proposing it because together, we can do more for you than either of us can do alone — more branches, more lending power, more technology, without losing what made you choose a credit union in the first place.

Still member-owned

Now an owner of something bigger

Not a bank buyout, and not On Tap absorbing a struggling partner. You keep your ownership stake, and it now sits behind a stronger, combined credit union — $671.3MM in assets and 32,171 members, instead of On Tap alone. Same not-for-profit, member-owned structure, more institution behind your stake in it.

A merger of peers

Both sides are strong

On Tap and Sky are each financially sound on their own. This is two healthy organizations choosing to grow together, not one bailing out the other.

Same values

Founded the same way

Both credit unions were started by working people who wanted somewhere fair to put their money — Colorado brewery workers in 1954, Montana railroad workers in 1935.

◆ The short version

You're not just a customer of a bigger institution — you're an owner of one. As a member-owner, your stake now sits behind a credit union more than 40% larger than On Tap alone, with more resources behind every account, without a single branch closing or losing the local, member-first service you signed up for.

What stays the same

The things you're worried about are the things we protected.

We know what a merger usually means at a bank. This isn't that. Here's what does not change.

✓

Your money is safe

Your account works exactly the way it does today, and it's still federally insured by the NCUA up to at least $250,000, same as before.

✓

Your branch stays open

Sky and On Tap don't overlap anywhere. There are no planned branch closures as part of this merger.

✓

Local service, local decisions

Lending and service decisions continue to be made by people local to you — not by a call center in another state.

✓

Familiar faces

The people who know your name behind the counter aren't going anywhere, and both CEOs continue to help lead the combined organization.

✓

Still a credit union

Not-for-profit, member-owned, member-first — the model doesn't change, it just gets more resources behind it.

✓

You'll be told before anything changes

If anything about how you bank does eventually change — like a system update — you'll get notice in writing well in advance.

What you gain

Everything you have today. Plus a lot more.

More reach

8Combined branches across Montana and Colorado

5,000+Shared branches nationwide you can also use

30,000+Surcharge-free ATMs, wherever you travel

$671.3MMIn combined assets — a bigger financial base behind your deposits

Greater investment in digital banking, cybersecurity and fraud prevention than either credit union could fund alone.

◆ Community impact, combined

$146,168 in community giveback donations annually, combined — more capacity to invest back into the communities both credit unions already call home.

Community giving, side by side — not just in dollars, but in seminars, scholarships and volunteer hours.

More products, more capacity

Business banking and agricultural lending expertise, from On Tap's growth experience and Sky's ag-lending roots
Increased lending capacity for mortgages, vehicles and small business
Enhanced digital and mobile banking
Stronger fraud prevention and cybersecurity protecting your accounts
Continued focus on competitive rates and member value — that doesn't change because it's core to who we are

Financial strength

The numbers behind the promise.

A merger is easy to promise and hard to prove. Here's the combined financial picture, book value, as of June 30, 2026 — the same numbers your credit union's leadership and regulators are looking at.

$671.3MMCombined total assets

$432.0MMCombined loans

$568.9MMCombined member deposits

8.77%Net worth to assets — well above the regulatory "well-capitalized" threshold

76%Loan-to-share ratio

136Combined employees

◆ What this means for you

Net worth to assets of 8.77% is comfortably above the level regulators consider "well-capitalized." A loan-to-share ratio of 76% is healthy, not stretched. This is a financially sound institution taking on a financially sound partner — not two weak organizations propping each other up.

Our story

Two credit unions. The same reason for existing.

Neither of us was started by bankers. Both of us were started by people who worked for a living and wanted somewhere fair to put their money.

On Tap Credit Union

Golden, Colorado · Since 1954

Founded by 8 Coors Brewery employees. Seventy-plus years built around the K.E.G. of Excellence — Kind, Engaged, Genuine — serving Golden and beyond.

Sky Federal Credit Union

Livingston, Montana · Since 1935

Founded by Northern Pacific Railroad workers. Ninety-plus years serving Montana, Wyoming and Idaho with the same relationship-first, community-centered approach.

Recognized independently, in both states, the same year

2025 Best Credit Union in Montana
according to Forbes

2025 Best of the Best
Colorado Community Media

Heart to Heart
Community giving program

Leadership

The same leaders, now leading a stronger organization.

Both chief executives continue to help lead the combined organization, alongside a combined board of directors drawn from both credit unions.

President · CEO Succession

Daisy Romo

Chief Executive Officer

Tracie Wilcox

What happens next

Where things stand, and what happens next.

Complete

Regulatory application filed

Both credit unions submitted the proposed merger for regulatory review.

After Regulatory Approval

Sky members' vote

Eligible Sky Federal Credit Union members will review the proposal and vote. On Tap membership approval isn't required for this merger — nothing for you to do here.

Expected mid-2027

Merger effective date

Once Sky's members vote in favor, the merger is expected to become effective around mid-2027.

Q4 2027 / late 2027

Full operational integration

Full operational integration is expected to extend into Q4 2027 or late 2027. Any changes to systems or services come with advance notice, training and support — nothing changes overnight.

Questions members are asking

Straight answers, no fine print tricks.

Is this really happening, or is it a rumor?+

It's real, and it's public. Everything you need is on this page. On Tap members are not voting on this merger — Sky's membership handles that — but we wanted you to have the same information.

What happens to my money?+

Nothing changes today. Your account works exactly the way it did yesterday, and it remains federally insured by the NCUA. If your account ever needs to move to a new system, you'll get advance written notice, not a surprise.

Will my branch close?+

No. On Tap and Sky don't have overlapping branches, and no branch closures are planned as part of this merger.

Are we being bought by a bank?+

No. This is a proposed partnership between two financially strong, member-owned credit unions that believe they can serve members better together. It stays a not-for-profit credit union.

What do I gain as an On Tap Credit Union member?+

You gain the strength and opportunities of a financial institution more than 40% larger than On Tap alone, while preserving the personal relationships, local connection, and familiar experience you value today. It's about gaining the economies of scale without losing the economies of relationships.

Together, we'll be better positioned to deliver:

Greater lending capacity to support our communities. More resources to help members achieve their financial goals, support local businesses, and invest in the communities we call home.
Greater financial strength and value for members. Increased lending opportunities can support stronger earnings, creating greater potential to offer competitive deposit rates, higher dividends, and enhanced member benefits.
Expanded expertise to meet your evolving needs. A broader team of financial professionals, greater resources, and enhanced capabilities to help members navigate an increasingly complex financial landscape.

Bigger Together. Personal as Ever.
The financial strength of a larger credit union. The heart, relationships, and local commitment of the On Tap you know and trust.

Will rates change?+

The goal remains the same as it's always been: provide members the best value on both loans and deposits. That commitment doesn't change because of this merger — a larger, stronger balance sheet gives us more room to keep rates competitive, not less.

Does On Tap's name or charter change?+

No. On Tap Credit Union continues as the surviving legal charter — your membership, your name, your account structure all stay exactly as they are. What changes is on Sky's side: Sky Federal Credit Union's separate federal charter ends as part of this merger, and Sky becomes a division operating under On Tap's charter, which is why you'll start seeing Sky's name paired with On Tap's in certain legal and regulatory filings.

Will I still see the same people?+

Yes. Both CEOs continue to help lead, and the staff you know at your branch are staying local.

Do I need to vote on this?+

No. This merger requires a vote of Sky Federal Credit Union's membership; it does not require a vote of On Tap's membership. There's nothing you need to do — this page is here to keep you informed, not to ask you to act.

What if I have a question this page didn't answer?+

Reach out any time. Email ontapanswers@ontapcu.org, call (303) 279-6414, or stop by any On Tap branch and ask a team member in person.

Two credit unions you already trust. One stronger future.