Mountain America Federal Credit Union has acquired a credit union serving an Army base inthe Utah desert the size of Rhode Island with a membership the sizeof a battalion.
Mountain America FCU of Salt Lake City ($7.1 billion in assets,722,100 members) announced Friday it had acquired Dugway FCU ($2.9million in assets, 637 members), located at the U.S. Army's DugwayProving Ground, an Army base covering 1,252 square miles of theGreat Salt Lake Desert about 80 miles southwest of Salt LakeCity.
Dugway FCU was founded in 1959, and was open to members of themilitary and employees at the base. Its members approved the mergereffective April 1. Dugway FCU closed its branches March 30, leavingmembers about 50 miles from their closest Mountain America branchin Tooele.
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