Mountain America Credit Union and Salt Lake Credit Union are merging, after five years of discussions about it.
Salt Lake Credit Union members plan to vote to approve the merger next week. No branches are closing, and all employees will keep their jobs, both credit unions reported. If approved, Salt Lake Credit Union will become a division of Mountain America.
"It's going to be very, very beneficial for our staff and our members," Clare Collard, Salt Lake Credit Union's vice president of public relations, said Friday. "It opens a lot of possibilities and opportunities for them," including more branches and ATMs and financial services including mortgage and business loans.
Mountain America's assets are over $2.4 billion. Salt Lake Credit Union has assets of $265 million.