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Mountain America exiting New Mexico with branch deal

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Mountain America exiting New Mexico with branch deal


Mountain America Credit Union, one of the nation’s largest, plans to exit New Mexico with a branch deal expected to close early in 2025.

Paul Brady/pabrady63 – stock.adobe.com

A New Mexico-based credit union is bulking up in its home town, acquiring two branches from the $20.3 billion-asset Mountain America Credit Union in Sandy, Utah. 

Members of Mountain America’s two branches in Albuquerque, New Mexico, approved the transaction earlier this month, paving the way for their acquisition by Sunward Credit Union. Expected to close early next year, the deal will result in Mountain America’s exit from New Mexico. No terms were disclosed. 

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Mountain West said in a press release it entered into the agreement with Sunward to focus on other geographies. Mountain West operates more than 100 branches in Utah, Nevada, Arizona and Idaho. A spokesperson had not responded to a request for comment at deadline. 

For the $4.2 billion-asset Sunward, founded in 1948 by employees of Sandia National Laboratories, Albuquerque is a core market. Sunward’s presence includes its headquarters and six other branches. “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,” Sunward CEO Steph Sherrodd said in a press release. 

Albuquerque credit unions have been active acquirers in 2024. The most prominent deals, however, involved banks. In March, the $4.9 billion-asset Nusenda Credit Union completed a deal to acquire the $327 million-asset Western Heritage Bank in Las Cruces. In August, the $1.5 billion-asset U.S. Eagle Credit Union said it planned to acquire the $475 million-asset, Albuquerque-based Southwest Capital Bank. No terms were announced in either instance. 

Branch sales between credit unions are relatively infrequent events, with about five taking place in any given year, Michael Bell, a partner with the Honigman law firm who specializes in credit union deals, said Tuesday in an interview. Like Mountain America’s agreement with Sunward, most involve one institution seeking to “right-size its footprint,” Bell said. 

Michael Bell, an attorney for Royal Credit Union.

Michael Bell

While credit union branch deals typically involve cash consideration for property, as well as a deposit premium, “I do believe there is an altruistic motive as well,” with sellers often concluding the buyers can better serve their members, Bell said. 

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Bell expects branch sales to occur more frequently, with credit unions that have shifted from  employment-based fields of membership to ones that are geographically-oriented moving to exit markets that made sense once but are now distant from the core service area. 

“Many credit unions do have odd footprints based on their historical genesis,” Bell said.

Sunward underwent a name change, from Sandia Laboratories Federal Credit Union, earlier this month. 

 



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New Mexico

Deb Haaland Wins New Mexico Democratic Primary For Governor

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Deb Haaland Wins New Mexico Democratic Primary For Governor


ALBUQUERQUE, N.M. — A Laguna Pueblo woman is the front runner to be New Mexico’s next governor.

Shortly after polls closed Tuesday night, Deb Haaland was declared the winner over Bernalillo County district attorney Sam Bregman in the state’s semi-open Democratic Party primary. As of 11:00 p.m., Haaland carried support from 72% of the Democratic primary voters to Bregman’s 28%, according to unofficial results from the New Mexico Secretary of State.

“We’re showing everyone that a better future in New Mexico is possible,” she told supporters gathered in Albuquerque’s historic Old Town Plaza. “New Mexicans want a leader who will stand up for working people, and who is ready to take on Donald Trump. I proudly accept your nomination as a Democratic nominee.”

Haaland spoke for 13 minutes, at times through a scratchy throat that required her to pause for water breaks. “Excuse me, I’ve been talking with voters all day,” she said while grabbing a water bottle before hitting her campaign stump notes on affordability, health care and public safety.

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Supporters wait for Deb Haaland at her Democratic Party Primary victory celebration in Albuquerque, NM on June 2, 2026. Credit: Shaun Griswold / Native News Online

She will face Republican Gregg Hull, a former mayor from suburban Rio Rancho that won his party’s three-way primary with 47% of the vote, according to unofficial results from the New Mexico Secretary of State.

Haaland will be the Democratic Party nominee in a state dominated at every level by Democrats, and is expected to be heavily favored in the general election. With that insight she said her campaign message does translate to Republicans and Independent voters.

“We want our kids to thrive.
We want our kids to have a quality, public education. We want every New Mexican to have health care. Everybody wants to feel safe in their neighborhoods, and everybody wants to be able to afford to put a hot meal on their table every night and have a roof over their children’s heads,” she said. “Those issues transcend whatever political spectrum we’re trying to slice and dice people into.”

Shortly after the race was called, Haaland campaign staff, major donors, surrogates, and their families walked from a building on the west side of Albuquerque’s Old Town Plaza to the historic plaza core, where the Haaland campaign had set up a stage and reserved the entire plaza for its victory celebration.

“We are now witnessing history in the making,” New Mexico state Rep. Derrick Lente (Sandia Pueblo) said to supporters immediately after Haaland was declared the winner.

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Denise Wilie (Dine) also joined the celebration of Haaland’s victory. Wilie said she worked on get-out-the-vote efforts with the Native American Voters Alliance in McKinley County.

“It just is so exhilarating to even think about, a woman and a Pueblo woman,” she said. “Indigenous all the way, is how I feel. I’m like, yes, let’s get more of our voices.”

Haaland was introduced by her two sisters and walked to the stage escorted by a mariachi band.

Speaking to reporters after the event Haaland reflected on voting for a Pueblo woman (herself) for governor.

“I got emotional, quite frankly, when I went to vote for myself because you do that when you’re a candidate,” she said. “We’ve never had a Native American governor in New Mexico. We’re a multicultural state. I think representation matters, especially in a political era such as this one. So, I’m really proud and honored to carry on the legacy of my ancestors, who worked so incredibly hard to make sure that I had a place here today.”

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New Mexico

LIVE BLOG: New Mexico 2026 semi-open primary elections

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LIVE BLOG: New Mexico 2026 semi-open primary elections


(KVIA) — Tuesday, New Mexico voters will decide who will move on to the November general election through the state’s first semi-open primary. Semi-open primary elections allow voters who aren’t affiliated with a qualified political party to vote without changing their voter registration. You can find out who’s on your ballot here. Polls close at



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New Mexico

Pay it 4ward: Angels’ Voices Silenced No More

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Pay it 4ward: Angels’ Voices Silenced No More


When a famly unexpectedly loses a loved one, or has someone go missing, the details of what comes next can be overwhelming.

ALBUQUERQUE, N.M. – When a famly unexpectedly loses a loved one, or has someone go missing, the details of what comes next can be overwhelming.

But they don’t have to do it alone thanks to an organization helping New Mexico families with some of those burdens.

Watch the video above for more.

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