Mountain America Credit Union

Overview / Commentary
9640 S State Street
Sandy, UT 84070

Mountain America Credit Union is a Utah-based, federally chartered credit union that serves hundreds of thousands of members through numerous branches located in the American West. The credit union provides a range of financial services and products, from deposit accounts and investment products to consumer and small business loans.

On its personal banking side, MACU offers checking, savings, money market, term deposit, and IRA accounts, as well as youth products. Its free checking account offer comes with free online banking, bill pay, and a MACU Visa debit card. The credit union’s saving account provides easy access to funds, a daily compounded interest rate, and quick fund transfer capabilities. Money market accounts have a minimum balance requirement and offer the earnings of a CD with the flexibility of a savings account. Term deposits functions as CDs and are available in term lengths ranging from 6 months to 5 years. MACU has a section of their website devoted to youth products and games. One account designed for teenagers offers quarterly member drawings for nice prizes.

Mountain America Credit Union online banking provides easy account integration into Quicken or other financial management software so members can budget and plan out their finances. The web-based banking platform also allows members to transfer funds, view copies of cleared checks, deposit checks from home, and pay bills. MACU’s mobile banking apps allow the same functions and provide a convenient and quick for members to manage their accounts on the run.

MACU was originally formed in 1934 as the Salt Lake Telephone Employees Credit Union in order to serve employees of the Utah-based telephone company. 50 years later, in 1984, the credit union merged with Postal Workers Credit Union and changed its name to Mountain America Credit Union to better reflect its growing membership geography. The credit union is headquartered in West Jordan, Utah.

Field of Membership Restrictions

Membership in Mountain America Credit Union is open to anyone through membership in the American Consumer Council. Membership is also open to residents of Salt Lake County, Duchesne County, and select areas of Wasatch and Uintah Counties in Utah.
See current membership details

Related Posts

Mountain America 5.25% CD Special Ends - 3/1/2023

New rate down to 4.25% on a 12 month term. Guessing they pulled in a lot of $$ given this was a top rate for a 12 month nationwide deal. The good news is that the 10 year note hit 4% today for the 1st time since November before backing off a bit.

Mountain America Credit Union 12-Month Certificate Leads Rates Peloton - 2/13/2023

Mountain America Credit Union (easy membership) 12-month Certificate has a rate-leading APY, following a 100 bps rate hike. Minimum opening deposit is $500.

Mountain America 12 Month Add-On CD Up To 5.25% - 2/12/2023

Available as both a regular and Add-On CD. That’s the good news. The 24 Month fell from 4.75% to 4.25%. The 60 Month fell from 4.25% to 4%.

View all posts from:

8/16/19 - Mountain America Rates Decline
6/3/19 - Mountain America Rate Drops
5/6/19 - Reduces Ewps On Certificates (And Note The Name Change)
5/3/19 - Longterm Rate Hedge
4/5/19 - 24 Months At 3.25% (email mistake)
3/21/19 - Mountain America Credit Union Lowering Rates Tomorrow
3/8/19 - I'm Told There Are No IRA Term Deposit Plus Accounts
2/21/19 - Mountain America Credit Union Ups 24-Month CD To 3.25% APY
2/20/19 - 2Yr Term Deposit Increase
1/18/19 - If Wishes Were True....
11/2/18 - Mountain America Credit Union Hikes 5-Year CD Rate
11/1/18 - Mountain America Credit Union 5-Yr. CD: 3.51%
10/9/18 - Mountain America Credit Union Boosts 3-Year CD APY
10/1/18 - Mountain America Credit Union: 3-Yr., 5-Yr. Cds, 3.35% APY
7/2/18 - Mountain America Credit Union Ups 5-Year Term Deposit
7/1/18 - Mountain America CU Union: 5-Year CD, 3.25% APY; 3.51% On Youth CD
6/1/18 - Mountain America Credit Union Pushes Up 5-Year Term Deposit Rate
5/2/18 - 5 Year C D - Down
2/9/18 - Mountain America Credit Union Ups 5-Year Term Deposit
2/9/18 - 3.0% APY 5 Year Term
12/16/17 - 5 Yr Cd Rate Decrease
11/20/17 - Mountain America Hikes 5-Year Term Deposit
11/18/17 - Mountain America CU Ups 5 Year CD APY.
8/16/17 - Mountain America CU Unveils Term Deposit Plus With Add-On Feature
8/15/17 - Mountain America CU Add-On CDs
8/14/17 - 18- And 36-Month Bump-Up CDs
8/1/17 - Mountain America Credit Union Raises 5-Year CD Rate
8/1/17 - Mountain America CU 5 Year CD Bump. Quick Look.
4/15/17 - Mountain America: "post bump-up" rate announced
4/10/17 - Deadline For 2.75% APY 5-Year Bump Term Deposit
2/13/17 - Mountain America CU Adds 5-Year CD With Bump Option
2/13/17 - Limited Time 5 Year CD 2.75% APY
2/10/17 - $100 Checking Account Bonus At Mountain America Credit Union
5/1/16 - Mountain America Credit Union 5-Year Term Deposit Rate
8/20/15 - Mountain America CU Offers Top Rate 5-Year CD
2/10/15 - Mountain America CU Offers Top Rate 5-Year CD With Bump Option
9/20/14 - Like College Football? Like A $50 Visa Gift Card? You Might Like This Promo!
8/10/14 - Mountain America CU (5 Yr CD, 2.20%APY)
3/3/14 - Special 5-Year CD Rate at MACU - Easy Membership
3/1/14 - 5-Year CD Special
2/25/14 - Precise ID Security Money Wire Problem.
5/12/13 - Opening An IRA CD At Mountain America Credit Union
2/12/13 - Best 5-Year CD Rate From a Major Credit Union at Mountain America
6/11/12 - Competitive 5-Year CD Rate at Mountain American Credit Union in UT, NV, NM & AZ
6/11/12 - $100 Checking Account Bonus at Mountain America Credit Union in UT, AZ, NV & NM
11/7/11 - $125 Checking Account Bonus at Mountain America Credit Union in UT, AZ, NV & NM
10/16/11 - $100 For Opening Checking Acct @ Mountain America CU
10/19/10 - Top 5-Year CD Continues at Mountain America Credit Union in UT, NV, NM & AZ - Easy Membership
8/17/10 - Top 5-Year CD and IRA CD at Mountain America Credit Union in UT, NV, NM & AZ - Easy Membership
9/5/09 - 4.75% 60-Month CD at Mountain America Credit Union - Easy Membership
3/7/09 - 4.50% 5-Year CD and Other High CD Rates at Mountain America Credit Union - Easy Membership
12/23/08 - 4.00% 12-Month CD at Mountain America Credit Union in UT, AZ & NV - Easy Membership
3/1/08 - 4.65% 15-Month / 4.50% 9-Month CD at a Utah CU - Easy Membership (Mountain America).
12/22/06 - 5.60% 15-Month CD at a Utah CU (Mountain America)

Changed Our 60 Month Growth Cd From 4% To 4.25% Today

Posted by: |

I opened a membership & a 5yr Growth cd for my wife & me on December 27th @ 4%...After seeing the rate go from 4% to 4.25% today I went into my Mountain American account & set up 2 more Growth CDs & funded both at the same time in about 10 min. & did not need to call them, you can do this yourself from your account. I did not see a way to cancel them so I'll call in the morning to cancel the 2 -4% cd's

We have opened numerous cds at many Banks/CU's around the country from reading this DA site. Mountain America has been the fastest & easiest cd accounts we have ever opened...No trick questions about your past from 5 -10 years ago that you can't remember that makes you fail the application.

First, go to the online site & become a member. ( we are in Oklahoma so do not qualify for residence ) start the application at some point you can become an American Consumer Council member (free) If you are already a member it does not ask for a member # or proof then follow instructions for current personal info, name address, phone #, SS #, Occupation, DL# . You will need to take a picture of your DL front & back & then download them onto your computer, one last item they ask for is to take a selfie of yourself, also download it to the computer, they will ask you to download the pictures on the application... when you finish the application it will say you did not qualify & to call them ....DO NOT use the # they give you, here is the direct number & extension (1-855-808-3839 ext 84970 ) to the folks that ok & process your membership & setup any cd you want on the spot. explain to them you have filled out the membership online & it said to call in because of a problem, They will ask for your SS# ,date of birth to confirm its you .They will look up your application. you can then tell them what CDs you want to open along with a mandatory saving account. you can then fund it directly with them (you will need the account # & routing number from the bank you want it funded from ) When that's done you have a membership with savings & CDs all finished & active when you get off the phone.

There is $10 needed for a saving account plus if you want a Growth cd it is $5 for each one.The folks that process your info & setup your accounts are very polite and will take what time you need without being upset. It took me about 15 min to go online & put the info in for both of us & about 30 -45 minutes on the phone with them . ..Each person does need a separate membership & CDs if you are going over 100k in any amount of growth cds IF you just want standard Cds 1 membership is ok.
I know this is a long review but, I just wanted to help any folks on DA that are wanting to open a membership.....I cannot tell you how many folks have helped me over the years opening cds by leaving their reviews about "how to " with the FI they opened. So this is my part in helping the Deposit account community.

God Bless ,Steve

Easy Opening Account By Phone

Posted by: |

Spoke for a long time to a very pleasant woman who patiently answered all my questions and opened the account. I refuse to login to my checking account going through another bank so I'm waiting for verification amounts to show up in 2 days. I can transfer the money in at that time. The account could have been funded by phone but they have a $5000 max.

Pleasant Experience With Mountain America CU

Posted by: |

I went online to open a savings account (required) so that I could open up two of their growth CDs (60 month 4.25% and 24 month 4.75%). Very easy process online took less than half hour to open joint account and fund with 5$. Very slick looking website.

Since they have branches here in Arizona, i went there to open both growth (add-on) CDs after creating savings account online. The lines were long but they had lots of help and I was quickly served. They opened both accounts at the counter with $10/each.

I asked about setting up the auto transfer of $10/month which I assumed was required. They told me it was not required. I received papers with the terms for each CD. When I got home I read them and the terms specifically stated the auto-transfer was required. So I went back to the local branch and was served by someone else. I asked and they also assured me the auto-transfer was not required. I had them set each up anyway, as this was never a deal killer for me and I wanted to make sure there was no reason in the future for them to deny the add on service.

All in all this CU was great to work with. Reduced one star only for the confusion on the monthly growth CD auto-transfer requirement. If truly not required they need to change the terms on the paper that I had signed at opening of each CD account.

The people at the branch I went too were very pleasant to work with.


Application Rejected Without Reason

Posted by: |

Update (2/6/23): Thanks steve_okc and chill08 for the encouragement! Received letter in the mail today indicating unable to verify eligibility as the cause. Re-applied selecting Join American Consumer Council and application was successful. Also, needed to select Open Savings Account instead of the Become a Member option to avoid the checking account getting added.
Without any local add-on CDs available I decided to apply to MACU. I joined the American Consumer Council to be eligible. All of the application selections on the MACU website indicate that I would be applying for both a basic savings account and a checking account (with $7/month charge), but I assumed I could quickly close the checking account afterward. I unlocked the 3 credit bureau accounts and submitted all of the personal information. The final screen simply displayed "Thank you. Unfortunately, we are unable to open an account for you." I've never been declined by a CU.



Health Grade Components

NCUA #24692
Year Chartered1936
Primary Regulator
Profit Margin
Return on Assets - YTD1.5%
Return on Equity - YTD15.75%
Annual Interest Income$601.2MM
Assets and Liabilities
AssetsQ4 2022vs Q4 2021$15.84B$14.02B
LoansQ4 2022vs Q4 2021$13.81B$10.53B
DepositsQ4 2022vs Q4 2021$13.80B$12.39B
Equity CapitalQ4 2022vs Q4 2021$1.50B$1.28B
Loan Loss AllowanceQ4 2022vs Q4 2021$95.0MM$76.9MM
Unbacked Noncurrent LoansQ4 2022vs Q4 2021$91.6MM$49.3MM
Real Estate OwnedQ4 2022vs Q4 2021$0$0
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Always verify rates and promotions with the bank or credit union. We are not Mountain America Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Mountain America Credit Union Savings Account Rates

4.00%$5$10kChristmas Club Certificate
0.05%$100-Primary Savings
0.05%--Secondary Savings
0.05%$100-Business Primary Savings
0.05%--Business Secondary Savings
0.05%$25-Youth Savings
0.05%$25-Teen Savings

Mountain America Credit Union Money Market Rates

3.25%*$250k*-Money Market
OTHER TIERS: 0.75% Up to $2.5k | 1.50% $2.5k - $10k | 1.65% $10k - $25k | 1.90% $25k - $50k | 2.15% $50k - $100k | 2.75% $100k - $250k
3.25%*$250k*-Money Market IRA
OTHER TIERS: 0.75% Up to $2.5k | 1.50% $2.5k - $10k | 1.65% $10k - $25k | 1.90% $25k - $50k | 2.15% $50k - $100k | 2.75% $100k - $250k
3.25%*$250k*-Business Money Market
OTHER TIERS: 0.75% Up to $2.5k | 1.50% $2.5k - $10k | 1.65% $10k - $25k | 1.90% $25k - $50k | 2.15% $50k - $100k | 2.75% $100k - $250k

Mountain America Credit Union Checking Account Rates

2.00%*$250k*-Business Sweep
OTHER TIERS: 0.50% Up to $50k | 0.75% $50k - $100k | 1.00% $100k - $250k
0.50%*$20k*-Business Growth Checking
OTHER TIERS: 0.25% $1k - $20k

Mountain America Credit Union CD Rates

4.60%$5$100k24 Month Youth Certificate
4.60%$5$100k36 Month Youth Certificate
4.50%$500-24 Month Certificate
4.50%$5$100k24 Month Growth CD
4.50%$5$100k36 Month Growth CD
4.50%$500-36 Month Certificate
4.35%$5$100k12 Month Youth Certificate
4.25%$500-18 Month Certificate
4.25%$5$100k18 Month Growth CD
4.25%$500-12 Month Certificate Special
4.25%$5$100k12 Month Growth CD Special
4.09%$5$100k48 Month Youth Certificate
4.09%$5$100k60 Month Youth Certificate
4.00%$500-30 Month Certificate
4.00%$500-60 Month Certificate
4.00%$5$100k30 Month Growth CD
4.00%$5$100k48 Month Growth CD
4.00%$5$100k60 Month Growth CD
4.00%$500-48 Month Certificate
3.45%$500-6 Month Certificate
3.45%$5$100k6 Month Growth CD

Mountain America Credit Union IRA Rates

4.50%$500-24 Month IRA
4.50%$500-36 Month IRA
4.25%$500-18 Month IRA
4.25%$500-12 Month IRA Special
4.00%$500-30 Month IRA
4.00%$500-48 Month IRA
4.00%$500-60 Month IRA
3.45%$500-6 Month IRA


Salt Lake City Area

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