Mountain America Credit Union is a federally chartered credit union

Credit union

A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...

 headquartered in West Jordan, Utah

West Jordan, Utah

West Jordan is a city in Salt Lake County, Utah, United States. West Jordan is a rapidly growing suburb of Salt Lake City and has a mixed economy. According to the 2010 Census, the city had a population of 103,712, placing it as the fourth most populated in the state. The city occupies the...

, regulated under the authority of the National Credit Union Administration

National Credit Union Administration

The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...

 (NCUA). Mountain America is Utah's second largest credit union. As of 2008, Mountain America had $2.8 billion in assets, approximately 328,000 members, and 62 branches.

History

Mountain America was founded in 1934 as the Utah Telephone Credit Union to serve telephone workers from AT&T

AT&T

AT&T Inc. is an American multinational telecommunications corporation headquartered in Whitacre Tower, Dallas, Texas, United States. It is the largest provider of mobile telephony and fixed telephony in the United States, and is also a provider of broadband and subscription television services...

, Mountain Bell, Salt Lake Telephone and Western Electric

Western Electric

Western Electric Company was an American electrical engineering company, the manufacturing arm of AT&T from 1881 to 1995. It was the scene of a number of technological innovations and also some seminal developments in industrial management...

. In May 1984, the credit union changed its name to Mountain America Credit Union. Later that year, Mountain America absorbed Postal Workers Credit Union and Entra Credit Union. The Utah State Employees Credit Union, founded in April 1952, merged with Mountain America in 1988. Due to a hostile environment created by Utah lawmakers, 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

Salt Lake County, Utah

Salt Lake County is a county located in the U.S. state of Utah. It had a population of 1,029,655 at the 2010 census. Its county seat and largest city is Salt Lake City, the state capital. It occupies Salt Lake Valley, as well as parts of the surrounding mountains, the Oquirrh Mountains to the west...

, Duchesne

Duchesne County, Utah

Duchesne County is a county located in the U.S. state of Utah. As of 2010 the population was 18,607, a 29.5% increase over the 2000 figure of 14,371. Its county seat is Duchesne and the largest city is Roosevelt.-Geography:...

, Wasatch

Wasatch County, Utah

Wasatch County is a county located in the U.S. state of Utah. It was named for a Ute Indian word meaning mountain pass or low place in the high mountains. Its county seat and largest city is Heber City.The county is governed by a county council with an appointed county manager.Wasatch County is...

, and Uintah

Uintah County, Utah

This page deals with the Utah County. For the Wyoming County, see Uinta County, Wyoming.Uintah County is a county located in the U.S. state of Utah. As of 2000 the population was 25,224 and by 2009 was estimated at 31,536. It was named for the Ute Indians, the tribe that lives in the basin. Its...

 counties and their families as well as members of affiliated associations and employees of select employee groups.

Mountain America donated $25,000 through the World Council of Credit Unions

World Council of Credit Unions

The World Council of Credit Unions is an international trade association and development agency for credit unions headquartered in Madison, Wisconsin. Members of the WOCCU include regional and national credit union associations, cooperative associations and business service organizations in 97...

 to fund relief efforts in Peru

Peru

Peru , officially the Republic of Peru , is a country in western South America. It is bordered on the north by Ecuador and Colombia, on the east by Brazil, on the southeast by Bolivia, on the south by Chile, and on the west by the Pacific Ocean....

 after the 2007 earthquake

2007 Peru earthquake

The 2007 Peru earthquake was an earthquake measuring 8.0 on the moment magnitude scale that hit the central coast of Peru on Wednesday, August 15, 2007; it occurred at 23:40:57 UTC and lasted for about three minutes...

there.