America First, Greater Nevada agree to merge.
The deal would create a more than $28 billion-asset credit union serving more than 1.6 million members and give Greater Nevada members access to a larger branch network.
America First Credit Union and Greater Nevada Credit Union have agreed to merge, creating a more than $28 billion institution that would expand America First’s presence in Nevada while giving Greater Nevada’s 89,000 members access to a much larger financial services network.
The deal, announced Monday, would bring together two credit unions with complementary footprints across the state. Greater Nevada, based in Carson City, operates 13 branches, primarily in northern Nevada. America First, based in Riverdale, Utah, operates 122 locations across six states, including Nevada.
The combined credit union would have more than 1.6 million members and 135 branches, including 39 in Nevada, according to the organizations. The merger still requires regulatory approvals and other customary closing conditions and is expected to be completed later this year.
“Our mission has always been to improve the financial well-being of our members and to strengthen our communities,” Danny DeLaRosa, president and chief executive of Greater Nevada, said in a release.
Upon completion, Greater Nevada would operate as Greater Nevada: A Division of America First Credit Union.
The transaction would give Greater Nevada members access to additional products and services and more branch locations, while America First would gain a broader presence in northern Nevada. Both credit unions emphasized the potential benefits for members in rural communities, where access to financial services can be more limited.
America First is the larger of the two institutions by a wide margin. It had $26 billion in assets and more than 1.58 million members, according to NCUA call report data. It earned $223 million in the first six months of 2026, up from $155 million in the same period a year earlier.
Greater Nevada had $1.7 billion in assets and 89,649 members. It earned $6.2 million in the first half of 2026, compared with $3.6 million a year earlier.
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The merger would mark another step in America First’s expansion across the West. Founded in 1939, the credit union operates in Arizona, California, Idaho, Nevada, New Mexico and Utah and describes itself as the sixth-largest credit union in the country.
Greater Nevada was founded in 1949 and has built its business around northern Nevada communities. Its leadership said the merger would allow it to broaden the range of services available to members without giving up its local identity.
“America First and Greater Nevada have built strong reputations by putting members first and investing in the communities they serve,” Thayne Shaffer, president and chief executive of America First Credit Union, said. “Together, we’ll build on that shared commitment by expanding access to convenient banking, trusted financial guidance and the products and services all members need to achieve their financial goals.”
The organizations said members should expect greater access to branch locations across northern and southern Nevada, expanded financial products and services and more financial guidance. They also highlighted the potential for greater access in rural communities.
For America First, the deal adds scale in a state where it already operates branches. For Greater Nevada, it provides an immediate connection to a much larger organization and a broader geographic network.
The combined institution would have more than $28 billion in assets, according to the credit unions, putting it among the largest member-owned financial institutions in the country. The parties described the transaction as a way to strengthen their ability to serve members while preserving the community orientation that both organizations say defines their businesses.
The merger comes as credit unions continue to use combinations to expand their reach and invest in broader product offerings.
For now, the deal remains subject to regulatory review and other closing conditions. If completed as expected later this year, Greater Nevada’s branches and operations will become part of America First while continuing under the Greater Nevada name as a division.
The two credit unions are betting that greater scale can translate into broader access without sacrificing the local relationships that helped build both institutions in the first place.
“Joining America First allows us to build on that mission by expanding opportunities for our members while preserving the local access and personal relationships that have always defined Greater Nevada.”
– Danny DeLaRosa
President & CEO
Greater Nevada Credit Union
Ken McCarthy is manager of marketing communications at Tyfone, where he monitors the credit union industry and contributes to conversations shaping its future. He previously covered credit unions and community banking for American Banker and S&P Global Market Intelligence. He holds a journalism degree from Point Park University and has more than 15 years of experience covering financial services. He is also the author of three literary fiction novels.
