Sunward Set to Complete Acquisition of Mountain America Credit Union Branches

Sunward, previously known as Sandia Laboratory Federal Credit Union, is finalizing its acquisition of two New Mexico branches from Mountain America Credit Union following a favorable transition vote. This acquisition is anticipated to complete by the first quarter of 2025, broadening Sunward's footprint to 15 branches in total. Steph Sherrodd, the President and CEO of Sunward, expressed enthusiasm for welcoming new members and employees, highlighting the potential for enhanced banking solutions across the Southwest region, particularly New Mexico. Meanwhile, Sterling Nielsen, President and CEO of Mountain America Credit Union, expressed confidence in Sunward extending quality service aligned with their current values. The transition sees Mountain America branches in Albuquerque continue operations under their existing name until the integration completes. Sunward, headquartered in New Mexico, serves 150,000 members with assets exceeding $4.1 billion, providing a range of financial services and consistently earning accolades as a top-performing credit union. Mountain America, with over a million members and $19 billion in assets, offers robust financial solutions and extensive branch and ATM networks. The strategic acquisition marks a significant step in Sunward's regional expansion plans.