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News Now

CU System
Salt Lake members OK merger with Mountain America
SALT LAKE CITY (4/11/08)--Salt Lake CU will merge with Mountain America FCU, West Jordan, Utah. Salt Lake CU members voted Wednesday night on the merger proposal. About 82% voted in favor, Cindy Nelson, assistant to CEO Michael Moyes told News Now. The merger is scheduled to take place May 31. Salt Lake CU’s name will remain the same for at least two years, she said. The merger was proposed because it is increasingly harder to meet members demands for additional branches, services and ATMs, Salt Lake CU said (News Now April 8). Salt Lake has 10 branches, while Mountain America has more than 50 branches. Salt Lake CU has $256 million in assets. Mountain America has $2.3 billion in assets.


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