SALT LAKE CITY – The members, employees and board of directors of Pocahy Family Credit Union have voted to merge with Mountain America Credit Union.
Located in Pocatello, Idaho, Pocahy Family Federal Credit Union is a $15.3 million institution with 2,250 members. Management approached Mountain America in late 2011 about a possible merger.
“We have worked hard to build our credit union, and in that time we have had a lot of success with meeting our members’ needs. In recent years though, the competitive environment has become more challenging. We strive to strengthen the service given to our members, and merging with Mountain America will allow us to achieve this,” said T. J. Kennedy, Pocahy Family’s CEO.
Sterling Nielsen, Mountain America’s president and CEO, characterized the merger as a “win-win situation” for both institutions and their members. “We are happy to have Pocahy Family as a part of Mountain America. The merger gives Pocahy Family members a multitude of additional services that they were unable to enjoy previously and gives Mountain America new opportunities for growth in eastern Idaho, where we currently have branches in Chubbuck and Idaho Falls.”
The merger is scheduled for April 1. Mountain America said Pocahy Family members are welcome to convert their accounts to MACU prior to that date by visiting either the Chubbuck or Idaho Falls branch.
Mountain America Credit Union has more than 70 branches in five states, serves more than 373,000 members and has more than $3 billion in assets.
