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Article: Intermountain Credit Union merger OK'd
- Article from:
- Deseret News (Salt Lake City)
- Article date:
- October 29, 2008
CopyrightCopyright 2008 Deseret News (Salt Lake City). Provided by ProQuest LLC. (Hide copyright information)
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Intermountain Credit Union members on Tuesday approved a merger
of the company into America First Credit Union
Officials at Salt Lake-based Intermountain had said the credit
union had suffered from dropping income and financial troubles
brought on by the mortgage crunch.
America First will integrate the administrative staff, members
and assets of Intermountain Credit Union into America First
operations -- work expected to be finished by year's end.
Intermountain has assets of about $40 million and a membership of
approximately 7,200, while America First Credit Union has assets of
$4.4 billion and a membership of 473,000.
The National Credit Union Administration had ...