RIVERDALE, Utah — Members of Intermountain Credit Union todayapproved an emergency merger with America First Credit Union. Themerger stems from a number of construction loans that went badleaving Intermountain facing insolvency.
“We welcome Intermountain and the select employee groups itrepresents,” Rex Rollo, America First executive vice president andCFO, said.
America First said it will immediately begin the integration ofthe administrative staff, members and assets of IntermountainCredit Union into America First operations. That integration isexpected to be completed by the end of the year.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts.
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders.
- Educational webcasts, white papers, and ebooks from industry thought leaders.
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com.
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
