Sunward to Finalize Acquisition of New Mexico Based Business from Mountain America Credit Union After Positive Vote
Acquisition will close in the first quarter of 2025, expanding Sunward’s New Mexico footprint while giving new members access to new services and additional locations.
Sunward, formerly known as Sandia Laboratory Federal Credit Union, and Mountain America Credit Union announced today that after a favorable vote by transitioning Mountain America Credit Union members, the previously announced proposed acquisition is proceeding with a targeted completion in the first quarter of 2025.
“We are excited to welcome members and employees from Mountain America Credit Union to Sunward,” said Steph Sherrodd, Sunward President and CEO. “This addition will strengthen our position and ability to deliver on our goal of making banking better in the Southwest, and in New Mexico specifically.”
Upon finalization, Sunward will acquire both Mountain America Credit Union branches in Albuquerque, New Mexico – Golf Course Road and Paseo Del Norte Boulevard – increasing Sunward’s total branch footprint to 15 locations.
“I am confident that Sunward will be an excellent financial partner for our members,” said Sterling Nielsen, Mountain America Credit Union President and CEO. “We chose Sunward because they share our commitment to care for members and employees and are aligned with our values and dedication to quality service.”
While transition and integration work has already started, Mountain America Credit Union branches in Albuquerque will continue operating under their current name, serving their existing members until the transition is complete in the first quarter of 2025. Transitioning Mountain America Credit Union members can expect ongoing communications through the closing date about the timeline and next steps.
