SALT LAKE CITY — For the first time since is launch four years ago, Mountain American Credit Union's business deposits have reached the $200 million mark.
The $2.2 billion credit union said the milestone is the result of its ability to offer convenience and a wide array of accounts "at a lower cost and higher efficiency."
Mountain America's commercial real estate department also hit a milestone recently with a total volume amount of $17.5 million achieved in July. The loans' success are attributed to local, in-house underwriting and not having a pre-payment penalty, said Michael Turner, senior vice president of commercial real estate.
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Mountain America serves more than 250,000 members.
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