RIVERDALE, Utah — Members of Intermountain Credit Union will be meeting next Tuesday to vote on whether or not to merge with America First Credit Union. The emergency merger is the result of a number of failed real estate loans that have left Intermountain facing insolvency.

Intermountain Credit Union determined that it had insufficient income or capital to stay afloat and requested the action.

Intermountain Board of Directors unanimously approved a proposition to merge with America First Credit Union on July 31. NCUA and the State Department of Financial Institutions have also approved the merger.

If the action meets the members' approval, the administrative staff, membership and assets of Intermountain Credit Union will be fully integrated into the operations of America First Credit Union.

The merger is not expected to impact America First's finances or operations.

Intermountain Credit Union has assets of about $40 million and a membership totaling about 7,200 members.

America First Credit Union is Utah's largest credit union and the nation's 12th largest credit union with assets of $4.4 billion. It ranks sixth in credit union membership with 473,000 members.