Sep, 30, 2025 — MOUNTAIN AMERICA FEDERAL CREDIT UNION is a federal credit union headquartered in SANDY, UT with 105 branch locations and about $21.75 billion in total assets. Opened 90 years ago in 1936, MOUNTAIN AMERICA FEDERAL CREDIT UNION has more than 1.4 million members and employs 3,815 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MOUNTAIN AMERICA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 9800 S Monroe St SANDY, UT 84070 |
| Phone: | (801) 325-6220 |
| Fax: | |
| Website: | https://www.macu.com |
| Branches: | 105 branch locations |
| Members: | 1,381,693 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24692 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $21,747,928,372 |
| CEO/Manager: | Sterling W Nielsen |
| Chairperson: | Scott J Burt |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,602,298,375 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 13,164,819 |
| Real Estate Loans | 8,401,124,583 |
| Unsecured Loans | 1,931,424,386 |
| Other Loans | 7,508,474,483 |
| TOTAL LOANS | 17,841,401,120 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -253,692,076 |
| Land And Building | 447,204,246 |
| Other Fixed Assets | 44,864,986 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 146,921,619 |
| All Other Assets | 15,988,438 |
| TOTAL ASSETS | 21,747,928,372 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 100,000,000 |
| Accounts Payable & Other Liabilities | 323,101,216 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 3,541,016,559 |
| Regular shares | 1,333,299,374 |
| All Other Shares & Deposits | 14,424,408,294 |
| TOTAL SHARES & DEPOSITS | 19,298,724,227 |
| TOTAL LIABILITIES | 19,721,825,443 |
| Regular Reserve | 0 |
| Other Reserves | 1,422,501 |
| Undivided Earnings | 2,024,680,428 |
| TOTAL EQUITY | 2,026,102,929 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 21,747,928,372 |
| INCOME & EXPENSE | |
| Loan Income | 912,056,670 |
| Investment Income | 89,127,070 |
| Other Income | 145,098,104 |
| Total Employee Compensation & Benefits | 288,398,121 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 257,839,719 |
| Non-operating Income & (Expense) | 14,849,138 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 218,726,723 |
| Cost of Funds | 382,715,796 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 137,432,977 |
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