Mountain America Credit Union Review: Is It a Scam or Legit?

Mountain America Credit Union Review: Is It a Scam or Legit? 1

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Mountain America Credit Union, a prominent financial institution headquartered in Sandy, Utah, has carved out a significant presence in the American banking landscape. Serving a diverse clientele, the credit union operates over 90 branches across Utah, Arizona, Idaho, Montana, New Mexico, and Nevada, ensuring a wide-reaching influence. Known for its member-centric approach, Mountain America Credit Union offers a comprehensive array of financial products and services, catering to both individual and business needs.


This review delves into various facets of the credit union, from its customer service and product offerings to its financial health and consumer feedback. As we explore the pros and cons, product range, customer reviews, BBB ratings, and cost structure, we aim to provide a balanced and insightful analysis to help you understand what Mountain America Credit Union brings to the table in the competitive world of finance.

Mountain America Credit Union Review

Mountain America Credit Union Pros and Cons


  1. Competitive Interest Rates: Mountain America Credit Union offers attractive interest rates across various products, including savings and CD accounts. This is particularly beneficial for members looking to maximize their savings growth.
  2. Low or No Minimum Balance Requirements: Many accounts have low or no minimum balance requirements, making banking accessible to a broader range of customers.
  3. Waivable Monthly Maintenance Fees: The credit union either does not charge monthly maintenance fees or provides easy criteria to waive them, reducing the cost burden on account holders.
  4. Youth-Oriented Products: There’s a special focus on teen and youth checking account, savings, and certificate of deposit accounts, which helps inculcate financial responsibility from a young age.


  1. Limited Branch Locations: While Mountain America Credit Union has a notable presence in certain states, its branch network is limited compared to larger national banks. This could be a drawback for those seeking extensive physical branch access.
  2. Membership Requirements: Membership is restricted to certain geographic locations, employer groups, and associations. This exclusivity might limit access for potential customers not falling under these categories.

These pros and cons highlight the credit union’s commitment to competitive offerings and inclusivity for younger members, while also noting limitations in accessibility due to branch availability and membership criteria​​​​.

Mountain America Credit Union Products and Services

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Mountain America Credit Union (MACU) offers an extensive range of financial products and services designed to meet the diverse needs of its members. Here’s an overview:

  1. Checking Accounts: MACU provides three main types of checking accounts:
    • MyFree Checking: No monthly service fee with e-statements and no minimum balance requirement.
    • MyStyle Checking: A $7 monthly service fee, waivable under certain conditions like age or minimum balance. It offers rewards points, loan rate discounts, and other perks.
    • Student Checking: Designed for younger members, offering similar benefits to MyStyle Checking but tailored for students.
  2. Savings Accounts: The credit union offers a variety of savings accounts, including:
    • Traditional Savings: This account is required for credit union membership and earns an annual percentage yield (APY).
    • Youth and Teen Savings: These accounts encourage young savers to develop good financial habits.
  3. Certificate of Deposit (CD) Accounts: MACU offers CDs with competitive rates, allowing members to lock in a fixed rate of return over a specified period.
  4. Credit Cards, Home Loans, and Insurance Products: The credit union also provides a range of credit card options, home financing solutions, and insurance products, catering to varied financial needs and goals.
  5. Investment Products: For members interested in investment, MACU offers several options, including retirement planning services.

These products and services are designed to promote good saving and spending habits and provide financial solutions for a wide range of requirements. The focus is on creating value for members, as evidenced by the competitive rates and member-friendly terms. However, it’s important for potential members to consider the membership requirements and branch location limitations when deciding if MACU is the right fit for their financial needs​​.

Mountain America Credit Union Reviews

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Customer reviews offer valuable insights into the real-world experiences of Mountain America Credit Union members. Analyzing these reviews helps in understanding the strengths and weaknesses of the institution from a consumer perspective.

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  1. Positive Feedback:
    • Many customers appreciate the competitive interest rates offered by MACU, especially on savings and CD accounts.
    • The range of products tailored for different age groups, including youth and teen accounts, is well-received for promoting financial literacy and responsibility.
    • The ease of waiving monthly maintenance fees and the low or no minimum balance requirements in certain accounts are frequently highlighted as beneficial features.
  2. Areas of Concern:
    • Customer service issues have been a point of contention in several reviews. Complaints about customer service include long wait times and difficulties in resolving issues, particularly over the phone.
    • Some members have expressed frustration with the handling of fraud cases and account management, pointing out challenges in communication and resolution.
    • A notable concern is the limited number of physical branch locations, which can be inconvenient for members who prefer in-person banking or live outside the credit union’s primary geographic footprint.
  3. BBB and Trustpilot Ratings:
    • Mountain America Credit Union has an accreditation and an A+ rating from the Better Business Bureau (BBB), indicating a generally positive business standing. However, the customer reviews on BBB present a mixed picture, with some expressing dissatisfaction, particularly in customer service and dispute resolution areas.
    • It’s important to note that these reviews represent individual experiences and may not reflect the overall quality of service provided by the credit union.

In summary, while many members are satisfied with the financial products and benefits offered by Mountain America Credit Union, there are areas, particularly in customer service and branch accessibility, where improvements could enhance the member experience​​​​.

Mountain America Credit Union BBB and Trustpilot Ratings

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Mountain America Credit Union’s standing with the Better Business Bureau (BBB) and on Trustpilot offers a mixed view, reflecting both the institution’s commitment to service and areas for improvement.

  1. Better Business Bureau (BBB) Accreditation and Rating:
    • Mountain America Credit Union is accredited by the BBB and holds an A+ rating. This high rating reflects the BBB’s confidence in MACU’s business practices and its approach to handling customer complaints.
    • However, customer reviews on the BBB website paint a different picture. The credit union has an average customer review rating of 1.17/5 stars based on 41 reviews. This suggests that while the credit union meets the BBB’s standards for business practices, individual customer experiences can vary significantly.
    • In the past three years, there have been 102 complaints closed, with 49 in the last 12 months. These complaints and reviews often cite issues with customer service, account management, and fraud handling.
  2. Trustpilot Ratings:
    • As of the latest data, Mountain America Credit Union’s rating on Trustpilot is not available. This absence suggests either a limited number of reviews on this platform or a lack of active engagement on Trustpilot.
  3. Interpreting the Ratings:
    • The discrepancy between the BBB’s A+ rating and the lower customer review scores highlights a complex picture. While the credit union may adhere to good business practices and ethical standards, there is room for improvement in customer service and experience.
    • It’s important for potential and current members to weigh these reviews and ratings in context. Individual experiences can vary widely, and while negative reviews are significant, they may not represent the majority experience.

The BBB and Trustpilot ratings and reviews offer valuable insights but should be considered as part of a broader evaluation of Mountain America Credit Union’s services and member satisfaction​​​​.

Mountain America Credit Union Costs and Fees

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Understanding the cost structure of Mountain America Credit Union’s (MACU) products and services is crucial for potential and current members. Here’s an overview of the fees associated with various offerings:

  1. Checking Accounts:
    • MyFree Checking: True to its name, this account does not have monthly maintenance fees, provided customers opt for e-statements.
    • MyStyle Checking: Comes with a $7 monthly service fee, which can be waived under certain conditions such as maintaining a minimum balance or completing a specific number of transactions.
    • Student Checking: Generally, there are no monthly fees, making it an affordable option for younger members.
  2. Savings Accounts:
    • The primary savings account, necessary for membership, can be opened with a minimum deposit of $1. However, a balance of at least $100 is required to earn interest.
    • Secondary savings accounts and youth-oriented savings accounts typically do not have monthly fees, providing an accessible option for saving.
  3. CD Accounts:
    • MACU offers CDs with competitive rates, but it’s important to note that early withdrawal may incur penalties, which is standard across most financial institutions.
  4. Loan Products:
    • Loan products like home loans, auto loans, and personal loans come with varying interest rates and fees, depending on the loan type and the member’s creditworthiness.
  5. Other Fees:
    • Members should be aware of potential fees for services like overdraft fees, wire transfers, and ATM transactions outside of the credit union’s network.

It’s important for members to review the specific fee schedules for each product and service they use. While MACU strives to keep costs low, especially compared to traditional banks, being aware of these fees can help members manage their finances more effectively and avoid unexpected charges​​.


This comprehensive review of Mountain America Credit Union reveals an institution with a strong commitment to providing a range of financial products and services tailored to meet the diverse needs of its members. From competitive interest rates and low-fee accounts to a focus on youth financial literacy, MACU demonstrates a member-centric approach. However, the limited branch locations and specific membership requirements may not suit everyone. While the credit union enjoys an A+ BBB rating, the mixed customer reviews suggest areas for improvement, particularly in customer service. Overall, Mountain America Credit Union emerges as a viable option for those who meet its membership criteria and value the benefits of a credit union over a traditional bank.

Frequently Asked Questions

1. What are the benefits of choosing a credit union over a traditional bank? Credit unions, including Mountain America Credit Union, often offer lower fees, higher savings rates, and a more personalized customer service experience. They are member-owned, which can lead to more consumer-friendly policies.

2. Can anyone join Mountain America Credit Union? Membership is limited to certain geographic areas, employer groups, and associations. It’s best to check MACU’s specific membership criteria to see if you qualify.

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3. How does Mountain America Credit Union’s interest rates compare to traditional banks? Credit unions and credit agencies typically offer more competitive interest rates than traditional banks. MACU is known for its attractive rates on savings and CD accounts.

4. What should I consider when choosing between different money market accounts at MACU? Consider factors like monthly maintenance fees, minimum balance requirements, and additional benefits like rewards programs. MACU offers several money market account options tailored to different needs.

5. How does Mountain America Credit Union handle customer complaints and disputes? While MACU is accredited and holds an A+ rating from the BBB, customer reviews suggest varied experiences with dispute resolution and customer service. It’s advisable to directly contact the credit union for specific concerns.

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