Small Idaho credit union’s financial health prompts ’emergency merger’ with larger local CU


Mountain Home-based Pioneer Federal Credit Union merged with another Idaho-based CU, Desert Sage. The single location credit union based in Nampa joined PFCU last month.

Desert Sage launched in 1954 as TASCO Employees Federal Credit Union, serving employees of the Amalgamated Sugar Company. In 2006, the credit union’s board of directors voted to change the name and broaden membership requirements to folks living or working in Nampa and Caldwell.

The National Credit Union Association approved an “emergency merger” to allow Desert Sage to combine with PFCU, according to an FAQ posted online.

[2019: Pioneer FCU to expand its headquarters – but not in a typical spot]

“Desert Sage found themselves in a difficult position, being a very small credit union, to continue on and be financially sound,” the FAQ noted. “They searched for a merger partner that would align with their values and would continue to serve their members well and decided to merge with Pioneer.”

Credit Union Times said NCUA approved Desert Sage’s move to merge due to “poor financial conditions.” Desert Sage listed $1.2 in assets while PFCU manages $613 million, according to CU Times.

The previous Desert Sage branch will now operate as a new location for PFCU, giving it 16 branches in SW Idaho, spanning from Caldwell to Twin Falls.

“This merger provides new opportunities, and we are looking forward to igniting partnerships with the Desert Sage members,” Pioneer Federal CEO Curt Perry said. “As a larger credit union, Pioneer offers an expanded line of products and services, as well as a larger branch network.”

Don Day - BoiseDev Editor & Founder
Don is the founder and publisher of BoiseDev. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow. Contact him at

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