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Council asks for more information before switching town accounts to Mountain America Credit Union
Summary
Council discussed a recommendation by the town accountant to move town funds from Utah Heritage to Mountain America Credit Union for higher interest; members decided to gather more details before making a change.
Council members discussed whether to change the town’s banking relationship to take advantage of higher interest rates. The minutes record that the proposal to change "from our present Credit Union, Utah Heritage to Mountain America Credit Union to take advantage of increased interest on our checking and savings accounts" was presented at the recommendation of the town’s accountant, Gary Keddington.
Council members did not vote on the change and asked staff to collect more information before proceeding. No figures, timelines or formal motions on account transfers were recorded in the minutes.
