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Mountain America Credit Union
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 12th largest credit union nationally by membership and the 24th largest by total assets. As of December 2021, Mountain America had $14 billion in assets, 1,033,000 members, and over 95 branches. 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. 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) affiliations include some of the world's largest co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Credit Union Administration
The National Credit Union Administration (NCUA) is a government-backed insurer of credit unions in the United States, one of two agencies that provide deposit insurance to depositors in U.S. depository institutions, the other being the Federal Deposit Insurance Corporation, which insures commercial banks and savings institutions. The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions. With the backing of the full faith and credit of the U.S. government, the NCUA operates and manages the National Credit Union Share Insurance Fund, insuring the deposits of more than 124 million account holders in all federal credit unions and the overwhelming majority of state-chartered credit unions. Besides the Share Insurance Fund, the NCUA operates three other funds: the NCUA Operating Fund, the Central Liquidity Facility (CLF), and the Community Development Revolving Loan Fund (CDRLF). The NCUA Operating Fun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1934
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Unions Based In Utah
Credit (from Latin verb ''credit'', meaning "one believes") is the Trust (social sciences), trust which allows one Party (law), party to provide money or resources to another party wherein the second party does not reimburse the first party immediately (thereby generating a debt), but promises either to repay or return those resources (or other materials of equal value) at a later date. In other words, credit is a method of making Reciprocity (social and political philosophy), reciprocity formal, legally enforceable, and extensible to a large group of unrelated people. The resources provided may be financial (e.g. granting a loan), or they may consist of Goods and services, goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower. Etymology The term "credit" was first used in English in the 1520s. The term came "from Middle French crédit (15c.) "be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2007 Peru Earthquake
The 2007 Peru earthquake, which measured 8.0 on the moment magnitude scale, hit the central coast of Peru on August 15 at 23:40:57 UTC (18:40:57 local time) and lasted two minutes. The epicenter was located south-southeast of Lima at a depth of . The United States Geological Survey National Earthquake Information Center reported that it was a ''Very strong'' earthquake. The Peruvian government stated that 519 people were killed by the quake. Earthquake This earthquake occurred at the boundary between the Nazca and South American tectonic plates, which are converging at a rate of per year. The earthquake occurred as thrust faulting on the interface between the two plates, with the South American Plate moving up and seaward over the Nazca Plate. Experts say this kind of earthquake is produced about once every 100 years. Coastal Peru has a history of very large earthquakes. The August 15th shock originated near the source of two previous earthquakes, both in the magnit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peru
, image_flag = Flag of Peru.svg , image_coat = Escudo nacional del Perú.svg , other_symbol = Great Seal of the State , other_symbol_type = Seal (emblem), National seal , national_motto = "Firm and Happy for the Union" , national_anthem = "National Anthem of Peru" , march = "March of Flags" , image_map = PER orthographic.svg , map_caption = , image_map2 = , capital = Lima , coordinates = , largest_city = capital , official_languages = Peruvian Spanish, Spanish , languages_type = Co-official languages , languages = , ethnic_groups = , ethnic_groups_year = 2017 , demonym = Peruvians, Peruvian , government_type = Unitary state, Unitary Semi-presidential system, semi-presidential republic , leader_title1 = President of Peru, President ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Council Of Credit Unions
The World Council of Credit Unions (WOCCU) is an international trade association and development agency for credit unions headquartered in Madison, Wisconsin. WOCCU aims to improve lives through credit unions and other financial cooperatives through advocacy, development and education. WOCCU's member associations account for over 86,450 credit unions in 118 countries with over 375 million members worldwide. History WOCCU was incorporated on 10 November 1970 and officially commenced operations on 1 January 1971. WOCCU has worked with the United States Agency for International Development (USAID) and the Microfinance Investment Support Facility for Afghanistan (MISFA) to build Islamic investment and finance cooperatives in Afghanistan. In 2006, WOCCU received a $6.7 million grant from the Gates Foundation to develop credit unions in Africa and Latin America. See also * Credit union * History of credit unions Credit unions are not-for-profit financial cooperatives. In the ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Uintah County, Utah
Uintah County ( ) is a county in the U.S. state of Utah. As of the 2020 United States Census the population was 35,620. Its county seat and largest city is Vernal. The county was named for the portion of the Ute Indian tribe that lived in the basin. Uintah County is the largest natural gas producer in Utah, with 272 billion cubic feet produced in 2008. The Vernal, UT Micropolitan Statistical Area includes all of Uintah County. History Archeological evidence suggests that portions of the Uinta Basin have been inhabited by Archaic peoples and Fremont peoples. By the time of recorded history, its inhabitants were the Ute people. The first known traverse by non-Indians was made by Fathers Domínguez and Escalante (1776), as they sought to establish a land route between California and Spanish America. The region was claimed by the Spanish Empire as the Alta California division of New Spain (1521-1821) and was later under Mexican control (1821-1848). By the early nineteenth ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wasatch County, Utah
Wasatch County ( ) is a county in the U.S. state of Utah. As of the 2010 United States Census, the population was 23,530. Its county seat and largest city is Heber City. The county was named for a Ute Native American word meaning ''mountain pass'' or ''low place in the high mountains.'' Wasatch County is part of the Heber, UT Micropolitan Statistical Area as well as the Salt Lake City- Provo-Orem, UT Combined Statistical Area. History The first settlers were Mormon pioneers, in 1859, settling near present Heber City, Midway, and Charleston. On January 17, 1862, the Utah Territory legislature created the county, annexing areas from Great Salt Lake, Green River, Sanpete, Summit, and Utah counties. Heber was selected as the county seat. Wasatch in Ute means "mountain pass" or "low pass over high range". Heber City was named for Mormon Apostle Heber C. Kimball. The county boundaries were altered in 1880 and 1884, and then on January 4, 1915, the eastern portion was partitioned of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Duchesne County, Utah
Duchesne County ( ) is a county in the northeast part of the U.S. state of Utah. As of the 2010 United States Census, the population was 18,607. Its county seat is Duchesne, and the largest city is Roosevelt. History Much of Duchesne County was part of the Uintah Reservation, created 1861 by US President Abraham Lincoln as a permanent home of the Uintah and White River Utes. Later the Uncompahgre Utes were moved to the Uintah and newly created Uncompahgre Indian reservations from western Colorado. At the turn of the century, under the Dawes Act, both Indian reservations were thrown open to homesteaders. This was done after allotments of land were made to Indians of the three tribes. The homesteading process was opened on the Uintah on August 27, 1905. Unlike much of the rest of Utah Territory, settlement of the future Duchesne County area did not occur due to LDS Church pressures. It was settled by individuals who obtained 160 acres under the federal Homestead Act. Homesteaders ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salt Lake County, Utah
Salt Lake County is located in the U.S. state of Utah. As of the 2020 United States Census, the population was 1,185,238, making it the most populous county in Utah. Its county seat and largest city is Salt Lake City, the state capital. The county was created in 1850. Salt Lake County is the 37th most populated county in the United States and is one of four counties in the Rocky Mountains to make it into the top 100. (Others being Denver County and El Paso County, Colorado and Clark County, Nevada.) Salt Lake County is the only county of the first class in Utah - under the Utah Code (Title 17, Chapter 50, Part 5) is a county with a population of 700,000 or greater. Salt Lake County occupies the Salt Lake Valley, as well as parts of the surrounding mountains, the Oquirrh Mountains to the west and the Wasatch Range to the east (essentially the entire Jordan River watershed north of the Traverse Mountains). In addition, the northwestern section of the county includes part of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Credit Union
A credit union, a type of financial institution similar to a commercial bank, is a member-owned nonprofit organization, nonprofit financial cooperative. Credit unions generally provide services to members similar to retail banks, including deposit accounts, provision of Credit (finance), credit, and other financial services. In several African countries, credit unions are commonly referred to as SACCOs (Savings and Credit Co-Operative Societies). Worldwide, credit union systems vary significantly in their total assets and average institution asset size, ranging from volunteer operations with a handful of members to institutions with hundreds of thousands of members and assets worth billions of US dollars. In 2018, the number of members in credit unions worldwide was 274 million, with nearly 40 million members having been added since 2016. Leading up to the financial crisis of 2007–2008, commercial banks engaged in approximately five times more subprime lending relative t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
