Mountain America Credit Union
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| Company type | Credit union |
|---|---|
| Industry | Financial services |
| Founded | 1934 |
| Headquarters | Sandy, Utah United States |
Area served | Western United States |
Key people | Sterling Nielsen, President/CEO H. Floyd Tanner, Chairman |
| Products | Savings; checking; consumer loans; mortgages; credit cards; online banking |
| Total assets | $19 billion (October 2024) |
| Website | www |
Mountain America Credit Union is a federally chartered credit union headquartered in Sandy, 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 10th largest credit union nationally by total assets. As of May 2023, Mountain America had $17 billion in assets increasing from $16 billion in January of 2023, 1,128,996 members, and over 100 branches.[1]
History
[edit]The credit union was originally founded in the 1930s as the Salt Lake Telephone Employees Credit Union[2] (incorporated June 1936);[3] later becoming known as the Utah Telephone Employees Credit Union (UTELCU). It acquired the Postal Credit Union in 1984,[4] after which it changed its name to Mountain America Credit Union. It merged with the Utah State Credit Union (formerly the Utah State Employees Credit Union) in 1988.[5]
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.[6] Mountain America has more than 100 branches, spanning Utah, Idaho, Montana, Nevada, Arizona and New Mexico.
In 2023, Arizona State University's Sun Devil Stadium was renamed Mountain America Stadium, following a naming rights deal between the school and MACU. The 15-year agreement was estimated to be worth more than $50M over the life of the deal. MACU’s naming rights agreement built on its existing support of the school, including owning naming rights to the community ice-plex connected to ASU’s Mullett Arena hockey facility. [7]
References
[edit]- ^ https://www.macu.com/about
- ^ "Mountain America Credit Union set to expand into Idaho". The Salt Lake Tribune. Salt Lake City. 18 November 2011. Retrieved 18 April 2024.
- ^ "Articles of Incorporation". The Salt Lake Tribune. Salt Lake City. 24 June 1936. p. 23.
"Articles of Incorporation: Salt Lake Telephone Employes' Credit Union; A. J. Green, president; L. G. Andrus, vice president.
- ^ "UTELCU Acquires Postal Credit Union". The Salt Lake Tribune. Salt Lake City. 19 July 1984. p. 4D.
- ^ Oberbeck, Steven (30 September 1988). "Merged Credit Union Opens Doors Today". The Salt Lake Tribune. Salt Lake City. p. 7B.
- ^ Likes Being A Fed, But... Banking Wire. 19 March 2004.
- ^ Mountain America gets ASU stadium naming rights Sports Business Journal. 2 August 2023.
External links
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