How The Conversion Will Affect The Three Credit Unions

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AMERICA FIRST CU

Assets: $2.4 billion

Members: 325,000

Old state FOM: five Utah counties and select group of federal employees

New Federal FOM: six Utah counties of Davis, Morgan, Salt Lake, Summit, Tooele and Weber.

State Supervisory Fees: $100,000

State Sales Taxes: $1.3 million

NCUA Supervisory Fees: $240,000

MOUNTAIN AMERICA CU

Assets: $1.3 billion

Members: 175,000

Old State FOM: seven Utah counties and 110 SEGs

New Federal FOM: 110 SEGs

State supervisory fees: $90,000

State Sales Taxes: $700,000 to $1 million

NCUA Supervisory Fees: $175,000

GOLDENWEST CU

Assets: $260 million

Members: 50,000

Old State FOM: two counties and several SEGs, including all rail road workers in Utah

New Federal FOM: six Utah counties of Davis, Morgan, Salt Lake, Summit, Tooele, and Weber

State Supervisory Fees: $22,000

State Sales Taxes: $75,000

NCUA supervisory fees: $60,000

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