Mountain America Credit Union is a federally chartered

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 depo ...

headquartered in

Sandy, Utah Sandy is a city in the Salt Lake City metropolitan area, located in Salt Lake County, Utah, United States. The population of Sandy was 87,461 at the 2010 census, making it the sixth-largest city in Utah. The population is currently estimated ...

, regulated under the authority of the

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 Federa ...

(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 A salt lake or saline lake is a landlocked body of water that has a concentration of salts (typically sodium chloride) and other dissolved minerals significantly higher than most lakes (often defined as at least three grams of salt per litre). ...

Duchesne Duchesne is a surname. Notable people with the surname include: * Joseph Duchesne (c. 1544–1609), French physician and chemist. Physician-in-ordinary to King Henry IV * André Duchesne (1584–1640), French historian * François Duchesne (1616� ...

, 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 companies and associations, including Marriott International, the National Consumer Council, and Walmart. Mountain America donated $25,000 through the

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 thr ...

to fund relief efforts in

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 = "Fi ...

after the 2007 earthquake there.Worth Noting.
''Banking Wire.'' 7 September 2007.

References

https://www.macu.com/about

External links

* {{Authority control Credit unions based in Utah Banks established in 1934 1934 establishments in Utah Sandy, Utah