Mountain America Credit Union
| 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 | $21.9 billion (March 2026) |
| Website | www |
Mountain America Credit Union is a federally chartered credit union headquartered in Sandy, Utah, and regulated by the National Credit Union Administration (NCUA).[1] Mountain America is the second-largest credit union in Utah and the seventh-largest nationwide by total assets.[2][3][4] As of March 2026, Mountain America held approximately $21.9 billion in assets, with more than 1.4 million members and over 100 branches.[4]
History
The credit union was founded in 1934 to serve employees of the Mountain States Telephone and Telegraph Company[5] and incorporated in 1936.[6] The organization later became known as the Utah Telephone Employees Credit Union (UTELCU).
In 1984, UTELCU acquired the Postal Credit Union and adopted the name Mountain America Credit Union.[7] The credit union expanded further in 1988 through a merger with Utah State Credit Union (formerly the Utah State Employees Credit Union).[8][9]
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.[10]
In 2008, the credit union absorbed Salt Lake City Credit Union, which became a division of Mountain America following regulatory approval.[11] The organization has expanded operations into multiple Western states.[12] Mountain America exited the New Mexico market in 2024 by selling its Albuquerque branch operations to Sunward Federal Credit Union.[13][14]
Operations
Mountain America operates more than 100 branches across several western states, including Utah, Idaho, Montana, Nevada, and Arizona.[2] Its member-owned financial cooperative serves individuals and businesses within its approved field of membership.[15]
The credit union has also participated in industry discussions around proposed changes to federal limits on member business lending. Mountain America has been cited in industry reporting as one of several large credit unions supporting legislative proposals to raise federal limits on member business lending.[16]
Sponsorships
In 2023, Arizona State University's Sun Devil Stadium was renamed Mountain America Stadium, following a naming rights deal between ASU and the credit union.[17] The 15-year agreement was estimated to be worth more than $50M over the life of the deal. Mountain America’s naming rights agreement expanded the credit union’s existing partnership with Arizona State, with naming rights to the community ice facility connected to Mullett Arena.[17][18]
References
- ^ "Mountain America Credit Union | Company Overview & News". Forbes. Archived from the original on 18 December 2025. Retrieved 5 March 2026.
- ^ a b J.D, Marcos Cabello (27 February 2026). "The 10 Largest Credit Unions In The U.S." Bankrate. Retrieved 5 March 2026.
- ^ Oliveira, Sebastian (23 October 2025). "20 Largest Credit Unions in America". US News. Retrieved 5 March 2026.
- ^ a b "Utah Credit Unions". NCUSO.org. Retrieved 5 March 2026.
- ^ "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 (1 July 1988). "Mountain America, Utah State Credit Union Agree to Merge". The Salt Lake Tribune. Salt Lake City. p. B3. Retrieved 14 October 2025.
- ^ Oberbeck, Steven (30 September 1988). "Merged Credit Union Opens Doors Today". The Salt Lake Tribune. Salt Lake City. p. 7B.
- ^ Nii, Jenifer K. (3 May 2003). "2 more credit unions get federal charters". Deseret News. Retrieved 5 March 2026.
- ^ "Salt Lake Credit Union to become division of Mountain America". Deseret News. 5 April 2008. Retrieved 6 March 2026.
- ^ Simpson, Sharon (12 August 2024). "2 Approaches To Multi-State Expansion | CreditUnions.com | Data & Insights For Credit Unions". CreditUnions.com. Retrieved 5 March 2026.
- ^ "Mountain America exits New Mexico with branch sale". American Banker. 26 November 2024. Retrieved 5 March 2026.
- ^ Narvaiz, Matthew (27 November 2024). "Sunward acquisition of Mountain America's ABQ operations one step closer following member approval". www.abqjournal.com. Retrieved 5 March 2026.
- ^ Jackson, Amber (10 July 2024). "Top 10: Credit Unions". fintechmagazine.com. Retrieved 5 March 2026.
- ^ Cohen, Deborah L. (24 July 2012). "Credit unions banking on bills to lift small business lending". Reuters. Retrieved 5 March 2026.
- ^ a b Mountain America gets ASU stadium naming rights Sports Business Journal. 2 August 2023.
- ^ Barrios, Andrea (2 August 2023). "ASU football now plays in Mountain America Stadium". KJZZ. Retrieved 5 March 2026.