Mountain America Credit Union

Mountain America Credit Union
Credit union
Industry Financial services
Founded 1934
Headquarters West Jordan, Utah
United States
Key people
 Sterling Nielsen, President/CEO
H. Floyd Tanner, Chairman
Products Savings; checking; consumer loans; mortgages; credit cards; online banking
Total assets $4.479B (Q12015)
Number of employees
 1100
Website www.macu.com

Mountain America Credit Union is a federally chartered credit union headquartered in West Jordan, Utah, regulated under the authority of the National Credit Union Administration (NCUA). Mountain America Credit Union is the second largest credit union in Utah. It is also the 12th largest credit union nationally by membership and the 24th largest by total assets. As of April 2018, Mountain America had $7.5 billion in assets, 740,000 members, over 90 branches, and over 5,000 shared branch locations.

History

After a 5% tax was proposed on the three largest credit unions in Utah, Mountain America converted from a state chartered to a federally chartered credit union in 2003, becoming Mountain America Federal Credit Union.[1] Mountain America's membership is open to residents of Salt Lake, Duchesne, Wasatch, and Uintah counties and their families as well as members of affiliated associations and employees of select employee groups. Some of their Select Employer Group (SEG)[2] affiliations include some of the world's largest companies and associations, including Marriott International, the National Consumer Council, and Walmart.

Mountain America donated $25,000 through the World Council of Credit Unions to fund relief efforts in Peru after the 2007 earthquake there.[3]

References

  1. ↑ Likes Being A Fed, But... Banking Wire. 19 March 2004.
  2. ↑ Mountain America Select Employer Groups".
  3. ↑ Worth Noting. Banking Wire. 7 September 2007.
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