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State of New Mexico flag. Credit/ShutterstockNearly three months after the Sandy, Utah-based Mountain America Credit Union announced its plans to exit New Mexico by spinning off its two branches in Albuquerque to Sunward, formerly Sandia Laboratory Federal Credit Union, the credit unions announced Monday that the acquisition has been approved by a favorable membership vote.
The Albuquerque, N.M.-based Sunward ($4.1 billion in assets, 153,149 members) will acquire both Mountain America Credit Union ($20.2 billion in assets, 1.2 million members) branches in Albuquerque – increasing Sunward’s total branch footprint to 15 locations.
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