Mountain America Credit Union


Overview / Commentary
801-619-7349
9800 S Monroe St
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 Credit Union's Competitive Growth (Add-On) CDs - 8/27/2021

Mountain America Credit Union (easy membership) Growth CDs are add-on versions of its regular Certificates. Minimum deposit is $5. Maximum is $100k.

View all posts from:

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)

A Consumer Oriented bank

My experiences with Mountain America Credit Union have been superb. The fees are low, the customer service is excellent, and they seem to enjoy taking care of their customers. Having dealt with big and semi-big regional banks in the past,, MACU keeps their fees and rates low by comparison. For someone with my limited income, this is a welcome change from the past. They also offer a very reasonable overdraft fee in case you overdraw your account. In the past, if my account was overdrawn by only a few cents, I'd be hit with a large penalty. That's not the case today, and in addition to the lower penalty,, you're not hit with the fee until the next day, in case all you needed to do was transfer money from your savings into your checking account. Again, this is another BIG plus for me. All in all, I'm VERY satisfied with MACU, and I'm happy I switched to them over a year ago. I would'nt hesitate to recommend this credit union to my friends.

Good Experience So Far

Posted by: |

I joined MACU this week, and had an overall good experience.

As others have noted, the sign up process is very manual, and not terribly streamlined. I'm out of their usual market area, so it might not be this way for everyone. After filling out the online application, they called (same day) to confirm all of my information and request additional documentation. Once that was received, there was a second phone call to answer ID confirmation questions. Once that was confirmed, they send the membership agreement and other paperwork. Then a third phone call to set up initial funding.

The initial funding is limited to $500 over the phone. Anything additional must be deposited at a shared branch. Thankfully, at that point I was able to access online banking, and setup external account transfers. Opening a Term Deposit (CD) or Term Deposit Plus (CD w/ add on) could also be done very easily online.

Though the setup took some effort, I'm glad I did it. The representative I worked with was very helpful and responsive. Their rates seem very competitive, and the add-on feature is a great option, with only a $5 minimum deposit.

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!

Incompetence On A Grand Scale

1. You can easily wait to talk with someone for 25 minutes or more. Plan on spending an hr of your time at least. Then, that person doesn't know enough and has to transfer you elsewhere and that takes more time.
2, My latest disaster there involved their losing an IRA transfer form which I know they received, since I sent 3 in in one envelope and they had the other 2. There was even a cover memo saying there were 3. After I finally got to talk to someone about it, he was going to look into it and get back to me. Never did.
5. The only way I would bank here again is if they had a spectacularly good interest rate.

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Health

Health Grade Components

Overall
NCUA #24692
Year Chartered1936
Employees2443
Primary Regulator
Profit Margin
Return on Assets - YTD1.78%
Return on Equity - YTD19.27%
Annual Interest Income$439.7MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$14.02B$11.99B
LoansQ4 2021vs Q4 2020$10.53B$9.07B
DepositsQ4 2021vs Q4 2020$12.39B$10.57B
Equity CapitalQ4 2021vs Q4 2020$1.28B$1.04B
Loan Loss AllowanceQ4 2021vs Q4 2020$76.9MM$91.6MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$49.3MM$58.4MM
Real Estate OwnedQ4 2021vs Q4 2020$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%$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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$50k*-Money Market
OTHER TIERS: 0.05% Up to $2.5k | 0.08% $2.5k - $50k
0.10%*$50k*-Money Market IRA
OTHER TIERS: 0.05% Up to $2.5k | 0.08% $2.5k - $50k

Mountain America Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$20k*-Business Analysis Checking Earnings Credit
OTHER TIERS: 0.10% Up to $20k
0.10%*$20k*-Business Growth Checking
OTHER TIERS: 0.05% $1k - $20k
0.10%*$50k*-Business Sweep
OTHER TIERS: 0.05% Up to $50k

Mountain America Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$5$100k60 Month Youth Certificate
1.00%$500$100k60 Month Certificate
1.00%$5$100k60 Month Growth CD
0.95%$5$100k48 Month Youth Certificate
0.85%$5$100k36 Month Youth Certificate
0.85%$5$100k48 Month Growth CD
0.85%$500$100k48 Month Certificate
0.75%$5$100k36 Month Growth CD
0.75%$500$100k36 Month Certificate
0.60%$500$100k30 Month Certificate
0.60%$5$100k24 Month Youth Certificate
0.60%$5$100k30 Month Growth CD
0.50%$500$100k24 Month Certificate
0.50%$5$100k24 Month Growth CD
0.45%$5$100k12 Month Youth Certificate
0.45%$500$100k18 Month Certificate
0.45%$5$100k18 Month Growth CD
0.35%$500$100k12 Month Certificate
0.35%$5$100k12 Month Growth CD
0.30%$500$100k6 Month Certificate
0.30%$5$100k6 Month Growth CD

Mountain America Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.10%$500-36 Month IRA
1.00%$500-6 Month IRA
0.95%$500-30 Month IRA
0.85%$500-24 Month IRA
0.60%$500-18 Month IRA
0.45%$500-12 Month IRA
0.35%$500-60 Month IRA
0.30%$500-48 Month IRA
Locations

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