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CU System
Intermountain CU members OK merger with CU
SALT LAKE CITY (10/30/08)--Members of Intermountain CU at a special meeting Tuesday voted nearly unanimously to merge into Ogden, Utah-based America First CU. About 150 members of Intermountain were present for the vote, said The Salt Lake Tribune (Oct. 28). Beginning immediately, Intermountain's administrative staff, member accounts and assets will be integrated into America First. The merger is expected to be complete by the end of the year. Intermountain was struggling financially as a result of the mortgage crisis. The merger was approved by the National Credit Union Administration and the Utah Department of Financial Institutions. The 54-year-old credit union had 6,900 members and $41 million in assets. America First has $4.5 billion in assets.


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