2019 Award Winner
President/CEO, Mountain America Credit Union
CUES member Sterling Nielsen, CPA, became CEO at Mountain America Credit Union in Sandy, Utah, at what he jokingly calls “the perfectly wrong time.” The date was Nov. 1, 2008, only five weeks after the stock market crash that signaled a tough road ahead for the nation’s financial services industry.
Exacerbating the situation, Mountain America CU had recently acquired a troubled credit union and its portfolio of brokered real estate construction loans that looked even more ill-advised in a tanking economy. A team of national examiners was on-site, voicing displeasure that the CU had taken on such a risky merger.
Check out this Article on CU Management about Sterling's accomplishments!