Mountain America Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.60% | 5-year CD | 5 Year Term Deposit Plus 2.25% - Bank of Internet USA 60 Month CD |
| 1.25% | 1-year CD | 12 Month Term Deposit Plus 1.45% - CIT Bank 11-Month No-Penalty CD |
| 2.10% | 4-year CD | 4 Year Term Deposit Plus 1.90% - Goldman Sachs Bank USA 4 Year CD |
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
8/15 - Mountain America CU Add-On CDs
8/14 - 18- And 36-Month Bump-Up CDs
8/1 - Mountain America Credit Union Raises 5-Year CD Rate
8/1 - Mountain America CU 5 Year CD Bump. Quick Look.
4/15 - Mountain America: "post bump-up" rate announced
4/10 - Deadline For 2.75% APY 5-Year Bump Term Deposit
2/13 - Mountain America CU Adds 5-Year CD With Bump Option
2/13 - Limited Time 5 Year CD 2.75% APY
2/10 - $100 Checking Account Bonus At Mountain America Credit Union
2/10 - Mountain America CU Offers Top Rate 5-Year CD With Bump Option
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
Absolutely A Great C.U.
I would recommend this place any day of the week, in spite of a few shortcomings. On the whole the Customer service reps are extraordinarily friendly, with most able to help.
One shortcoming is their preferred mailing address to send the $ to fund a CD. My experience is that mailing it to one of the branches in West Jordan produces more rapid results, whereas one time it took them 3 days after racing my check to credit it to my CDs. I was told that they received so many checks that it took them from Monday to Wednesday to get caught up. Hmm, I thought. Does this seem plausible. My conclusion was that it was possible, but extremely unlikely, that is unless only one person was doing the work.
No Bump-Up
FYI -
Just spoke to rep. She said that 5-year CD does not have a bump-up feature.
Be Patient: Ask Many Questions
The 5 year cd rate for out of staters is worth the trouble: Do not deposit into your local credit union share account and transfer it to them as they recommend to fund your cd. Because the IRS considers it a cash transaction. The reps think they can do an ACH transaction (no can do) its only for bill pay. Have a supervisor produce a deposit slip email it to you and mail a check to them with it and wait like I am. We shall see!
Avoide If You Are Apply From Out Of UT
After seeing good rates for 5 year CD I directed to apply for an account at Mountain America CU. I was able to get hold of customer service using 800 number. First time a representative said that you can open an account online and set up the CD online. So I applied for a membership savings account to become a member. BEWARE - They do a hard pull on credit. After applying, an email was sent with application id. Nothing happened for a day so I called and was directed to new application department. The representative said that I have to get my application notarized since I am out of state which was not an issue. Then when asked for opening a CD, the representative said that I will have to wire transfer a fund for CD. NO ACH TRANSFER WAS AVAILABLE TO OPEN CD. I asked to cancel the application with a hard credit pull on me and my spouse credit report.
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 24692 |
| Year Chartered | 1936 |
| Employees | 1571 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.31% |
| Return on Equity - YTD | 14.4% |
| Annual Interest Income | $121.3MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $6.75B$5.61B |
| Loans | Q2 2017vs Q2 2016 | $5.72B$4.79B |
| Deposits | Q2 2017vs Q2 2016 | $5.56B$4.53B |
| Equity Capital | Q2 2017vs Q2 2016 | $600.0MM$518.1MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $33.1MM$28.8MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $27.3MM$28.0MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $7.0MM$4.3MM |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
Mountain America CU Add-On CDs
$5 minimum (that's not a typo)
funds can be added at any time
automated monthly deposit of at least $10 required
https://www.macu.com/termdepositplus
rates/yields (as high as 2.60% APY) at bottom of https://www.macu.com/rates#TermDeposit-Tab
18- And 36-Month Bump-Up CDs
--2.00% APY2 36-month term with a bump option based on 1.98% dividend rate
--1.50% APY2 18-month term with a bump option based on 1.49% dividend rate
The bump options are one-time only, based on the then prevailing posted rates for CDs of those maturities.
Mountain America CU 5 Year CD Bump. Quick Look.
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 0.15% | - | - | Business HSA Checking | |
| 0.10% | $100 | - | Primary Savings | |
| 0.10% | - | - | Secondary Savings | |
| 0.10% | $100 | - | Business Primary Savings | |
| 0.10% | - | - | Business Secondary Savings |
Mountain America Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $250k* | - | Money Market Account | ||
| OTHER TIERS: 0.10% → Up to $2,500 | 0.15% → $2,500 - $25k | 0.20% → $25k - $100k | 0.25% → $100k - $250k | |||||
| 0.30%* | $250k* | - | IRA Money Market Account | ||
| OTHER TIERS: 0.10% → Up to $2,500 | 0.15% → $2,500 - $25k | 0.20% → $25k - $100k | 0.25% → $100k - $250k | |||||
| 0.30%* | $250k* | - | Business Money Market | ||
| OTHER TIERS: 0.10% → Up to $2,500 | 0.15% → $2,500 - $25k | 0.20% → $25k - $100k | 0.25% → $100k - $250k | |||||
Mountain America Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $20k* | - | Business Analysis Checking Earnings Credit | ||
| OTHER TIERS: 0.20% → Up to $20k | |||||
| 0.30%* | $100k* | - | Business Sweep | ||
| OTHER TIERS: 0.15% → Up to $50k | 0.20% → $50k - $100k | |||||
| 0.20%* | $20k* | - | Business Growth Checking | ||
| OTHER TIERS: 0.10% → $1k - $20k | |||||
Mountain America Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.85% | $25 | - | 60 Month Youth Term Deposit | |
| 2.60% | $500 | - | Business 5 Year Term Deposit | |
| 2.60% | $500 | - | 5 Year Term Deposit | |
| 2.60% | - | $100k | 5 Year Term Deposit Plus | |
| 2.36% | $25 | - | 48 Month Youth Term Deposit | |
| 2.10% | $500 | - | 4 Year Term Deposit | |
| 2.10% | $500 | - | Business 4 Year Term Deposit | |
| 2.10% | - | $100k | 4 Year Term Deposit Plus | |
| 2.00% | $500 | - | 3 Year Term Deposit | |
| 2.00% | $25 | - | 36 Month Youth Term Deposit | |
| 2.00% | $500 | - | Business 3 Year Term Deposit | |
| 2.00% | - | $100k | 3 Year Term Deposit Plus | |
| 1.65% | $25 | - | 24 Month Youth Term Deposit | |
| 1.50% | $500 | - | 30 Month Term Deposit | |
| 1.50% | $25 | - | 12 Month Youth Term Deposit | |
| 1.50% | $500 | - | Business 30 Month Term Deposit | |
| 1.50% | $500 | - | 18 Month Term Deposit | |
| 1.50% | - | $100k | 18 Month Term Deposit Plus | |
| 1.50% | - | $100k | 30 Month Term Deposit Plus | |
| 1.40% | $500 | - | 24 Month Term Deposit | |
| 1.40% | $500 | - | Business 24 Month Term Deposit | |
| 1.40% | - | $100k | 24 Month Term Deposit Plus | |
| 1.25% | $500 | - | 12 Month Term Deposit | |
| 1.25% | $500 | - | Business 12 Month Term Deposit | |
| 1.25% | - | $100k | 12 Month Term Deposit Plus | |
| 0.60% | $500 | - | 6 Month Term Deposit | |
| 0.60% | $500 | - | Business 6 Month Term Deposit | |
| 0.60% | - | $100k | 6 Month Term Deposit Plus |
Mountain America Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.60% | $500 | - | 5 Year IRA | |
| 2.10% | $500 | - | 4 Year IRA | |
| 2.00% | $500 | - | 3 Year IRA | |
| 1.50% | $500 | - | 18 Month IRA | |
| 1.50% | $500 | - | 30 Month IRA | |
| 1.40% | $500 | - | 24 Month IRA | |
| 1.25% | $500 | - | 12 Month IRA | |
| 0.60% | $500 | - | 6 Month IRA |
