Mountain America Credit Union
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Company type | Credit union |
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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 | $16 billion (January 2023) |
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.
Some Statistics about MACU It is Tenth largest credit union in the United States¹ Second largest credit union in Utah² Leading SBA lending credit union for the last 19 years³ Number One credit union in the western United States for business share accounts⁴ Third highest-ranked social media presence for credit unions⁵ Top credit union in Utah for returning value back to its members⁶
History[edit]
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 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. [2]
[3]==References==
- ^ Likes Being A Fed, But... Banking Wire. 19 March 2004.
- ^ Mountain America gets ASU stadium naming rights Sports Business Journal. 2 August 2023.
- ^ https://www.macu.com/about 1. By asset size, Credit Union Times, May 2023 MX.com, January 2023 Callahan and Associates, 2023 NCUA data, December 2022 Across all social platforms, The Financial Brand, April 2023 Callahan and Associates, December 2022