Mountain America CU Names Head Of Insurance CUSO

Published September 25, 2013, 7:17 p.m. EDT

Updated August 26, 2020, 10:08 p.m. EDT

1 Min Read

WEST JORDAN, Utah Mountain America CU said it appointed Jared Johnstone, head of the credit union’s deposit programs, president of Mountain America Financial Services, the $3.5-billion credit union’s insurance CUSO.

Processing Content

Johnstone joined Mountain America in 1991 and worked as researcher and program coordinator for the credit union’s 2002 entry into the small business banking market.

Johnstone will be responsible for overseeing the CUSO’s life, home, auto and commercial insurance agencies; tax and other financial services; evaluating new business opportunities; managing relationships with current business partners and developing strategic plans.

MORE FROM AMERICAN BANKER

Artificial intelligence

OpenAI launches Plaid integration for ChatGPT Pro users

Select ChatGPT users can now connect their bank accounts to the AI-powered chatbot for personal money management advice based on their financial history.

By Melinda Huspen
Tech Reporter

29m ago
Fraud

Always-on fraud checks cut Suncoast's losses by a third

Suncoast Credit Union moved from one-time identity checks to monitoring members for the life of the account. It says fraud losses fell more than a third.

By Carter Pape
Technology Reporter

51m ago
Wells Fargo

Wells Fargo settles lawsuit alleging hiring, lending discrimination

The $110 million settlement, which was mapped out last fall, requires Wells Fargo to establish a $100 million fund to provide downpayment and closing-cost assistance to eligible borrowers who live in or plan to buy a home in certain low- and moderate-income census tracts.

By Allissa Kline
Reporter

1h ago
New York

First Trump, Now Mamdani; politicians stepping into payments

Whether red or blue, leaders share an affinity for battling fintech giants, as the liberal mayor is pressuring regulators to scuttle Western Union's plan to buy digital transfer Intermex, shortly following PayPal's 'DEI settlement' with the Trump administration.

By John Adams
Executive Editor, Payments

1h ago
Agentic Commerce

Why JPMorgan Payments has been 'pretty quiet' on agentic commerce

Prashant Sharma, JPMorgan Payments' executive director of biometrics and identity solutions, spoke with American Banker about agentic commerce and how liability is shifting as a result of large language models.

By Joey Pizzolato
Reporter

2h ago
OCC

OCC finalizes rule preempting state escrow interest

The Office of the Comptroller of the Currency issued a final rule saying that federal law trumps state mandates on interest in escrow accounts for national banks, wading into an ongoing court battle.

By Ebrima Santos Sanneh
Reporter

4h ago