RIVERDALE, Utah — Members of Intermountain Credit Union today approved an emergency merger with America First Credit Union. The merger stems from a number of construction loans that went bad leaving Intermountain facing insolvency.
“We welcome Intermountain and the select employee groups it represents,” Rex Rollo, America First executive vice president and CFO, said.
America First said it will immediately begin the integration of the administrative staff, members and assets of Intermountain Credit Union into America First operations. That integration is expected to be completed by the end of the year.
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