Mountain America Credit Union merges with Les Bois Credit Union
WEST JORDAN, UT (December 1, 2014) — Mountain America Credit Union and Les Bois Credit Union announced today that the two financial institutions will merge on January 1, 2015. The merger will extend Mountain America’s reach in the Boise, Idaho, area and bring its total branch network to 82—the fifth largest amongst all credit unions in the nation.
“This is an excellent opportunity to enhance the service and products we provide our members,” said Christopher Frye, Board Chair for Les Bois. “With industry trends, increasing regulation and member needs, it made sense to pursue a merger with a credit union that had the size to offer the products and convenience that members need but also had the same focus on member service. Mountain America fit those criteria perfectly.”
The combined credit union will retain the Mountain America name and provide members with an extensive line of products and services, enhanced technologies, dozens of convenient locations across the west and thousands of surcharge-free ATMs nationwide. Small business loans also will continue to be a major focus for the credit union—Les Bois is one of the top credit union SBA lenders in Idaho, and Mountain America is the number one SBA lender among credit unions nationally.
“Les Bois brings with it a strong tradition of member service, delivering personalized financial solutions to Boise-area members,” said Sterling Nielsen, President and CEO of Mountain America. “We are excited to carry on that tradition, as well as to introduce Western Idaho residents to the community commitment, financial services and customer service that have made Mountain America one of the nation’s premier financial institutions.”
About Mountain America Credit Union
Mountain America Credit Union has an estimated $4.1billion in combined assets and serves more than 500,000 members, wherever they are, through online and mobile banking; with 82 branches in five states; and access to more than 30,000 ATMs and 5,000 shared-branching locations nationwide. With roots dating back to the 1930s, Mountain America offers a variety of financial products and services for consumers and businesses, including savings accounts, auto loans, checking accounts, mortgage loans, business checking, student loans, SBA loans and retirement options. Visit www.macu.com for more information.