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3 Board of Directors chairs open

2023 Board of Directors Positions Open - Applications Accepted Through October 10, 2022

(September 9, 2022) - Greater Nevada Credit Union's Board of Directors set the strategic course for the credit union and oversees its general activities. Directors serve as volunteers. They receive no compensation, though we invest in their training and involvement in the credit union industry. Are you interested in serving your fellow Greater Nevada Credit Union members?

We have two positions available on the Board of Directors for three-year terms beginning in March 2023. Click here to learn more information and download the application form.

 

 

 

Nevada Appeal Best of Carson City 2022Greater Nevada Credit Union Wins Best of Carson City 2022 Award

Credit Union voted 1st Place for Best Financial Institute 

(August 26, 2022) - Chosen by members of the community and Nevada Appeal readers alike, Greater Nevada Credit Union won 1st place in the Best Financial Institute category for the 2022 Best of Carson City Awards. The credit union came in 2nd place in 2021 in the same category.  

“It is truly an honor to be voted 1st Place for Best Financial Institution in Carson City. For Greater Nevada Credit Union this recognition means we are fulfilling our passion of helping more people Live Greater.  Thank you to our members, Greater Nevadans and the Carson community for your vote,” said Greater Nevada Credit Union Central Regional Manager Melissa Harlow.  

 

 

Consumer Savings Poised to Plateau or Drop from Unprecedented Highs

Inflation Taking Toll on Employees, Former Workers, and Recent Retirees

(By Nevada Credit Union League on June 9, 2022) — Record-high banking deposits are poised to finally plateau or decline going into summer of 2022 as local households continue drawing down their unprecedented savings to afford today’s price inflation for goods and services across the combined region of Churchill, Elko, Mineral, Washoe, and Carson City counties. This is according to the latest analysis by the Nevada Credit Union League (view background trends report here).

What’s more: even as inflation is expected to begin moderating sometime later this year, former workers and recent retirees may start trickling back into the job market at a faster pace this summer, which continues posting a record-high number of employment openings. Some households will decide the way to combat recent inflation going into the second-half of 2022 is to go back to work and recoup household earnings, which might push up the labor force (pool of individuals able and willing to work) closer to its pre-COVID pandemic level.

“The economic conditions are dynamic, and we are constantly evaluating our products and services to ensure they are relevant for what consumers are facing in their daily lives,” said Wally Murray, president and CEO of Greater Nevada Credit Union, which serves more than 81,000 members across the region. “As the data shows, certain households are more at risk to the impact of inflation. It is our hope that members and consumers will reach out to credit unions to see what we can do to save them money, stretch incomes, and ensure weathering challenging times does not come at a long-term impact to their financial health.”

THE LATEST TREND
Going into second-quarter 2022, workers in the local labor market were reaping the benefits of a major historical financial cushion coming out of late 2021 and early 2022. Local household “savings” in checking and all other combined deposit accounts hit their highest levels ever experienced at seven credit unions headquartered in Northern Nevada (Churchill, Elko, Mineral, Washoe, and Carson city counties), with this total-deposit figure skyrocketing 50 percent from pre-pandemic fourth quarter 2019 to fourth quarter 2021 (see graph down below).

This trend within Northern Nevada represents an unprecedented two-year increase according to the latest Northern Nevada Credit Union Industry Snapshot report released today by the League (click for loan and deposit trends in the five-county region of Churchill, Elko, Mineral, Washoe and Carson City). By extension, the entire U.S. credit union industry is most likely experiencing this same phenomenon by banking consumers nationwide.

NoNVdata4Q2021-DEPOSITS.png

THE BIG PICTURE
“As households’ financial flexibility is eroded by inflation and they continue drawing down their deposit savings, some former workers and recent retirees are starting to take note of the healthy jobs market and record-high number of open positions,” said Dr. Robert Eyler, economist for the League. “This summer will be an interesting inflection point as record-high employment openings intersect with persistent inflation costs on households and ongoing ‘recession’ jitters — all against the backdrop of rising short-term interest rates for deposits and lending.”

Putting aside any potential economic recession, Eyler said businesses and policymakers in Northern Nevada can expect the excess demand for workers by employers to continue through 2022 as part of the “shadow effect” of the COVID-19 pandemic and resulting public health policies. “How employers look for workers going into 2023 will depend on how the national and state economies experience anticipated slower growth with rising global uncertainty and any potential lingering effects of COVID-19,” he said.

DEPOSIT & LOAN DATA
Collectively, deposits made by Northern Nevada credit union members rose from $1.6 billion to $2.4 billion during the December 2019 to December 2021 period — a statistically significant barometer of local financial and banking activity. No other two-year period in recent history has experienced such an unprecedented boost in Northern Nevada credit union deposits by members and households to the tune of a net-positive $500 million (the 50 percent growth mentioned above).

Altogether in Northern Nevada, credit union members (individual consumers), total loans, and total deposits either remained-at or reached record highs by Dec. 31, 2021 compared to the year-ago period, with 147,000 members (consumers) and $1.6 billion in outstanding loans supporting local consumers and businesses. You can view the Northern Nevada snapshot report (web link above) for details on first mortgages, HELOCs/home equity loans, new auto loans, used auto loans, credit card lending, and business loans, as well as checking accounts, savings accounts, money market accounts, certificates of deposit, and IRA/Keogh accounts.

NoNVdata4Q2021-LOANS.png

For statewide trends broken out by three local regions, click here: Northern Nevada, Southern Nevada, and Nevada.

 

College students holding degrees for graduationGreater Nevada Credit Union Awards $60,000 in Higher Education Scholarships

Annual scholarship program celebrates 30 honorees for the 2022-23 academic year.

(May 23, 2022) — GNCU has awarded 30 Nevada students with scholarships to continue their academic pursuits through the GNCU Scholarship Program. Since its inception in 2000, GNCU's scholarship program has helped over 375 students pursue their educational goals, awarding nearly $550,000 in total scholarships over the years.

Click here to read more and view the 30 scholarship recipients.

 

 

Greater Nevada Credit Union Recognized Educators for Their Impact on Students and Schools

As part of Teacher Appreciation Week, GNCU held its first 'The Greater Heart of Washoe County School District' campaign.

GNCU's John Ahdunko with Educator Recipients(May 6, 2022) — In honor of National Teacher Appreciation Week, GNCU recognized community educators through its first-ever 'The Greater Heart of Washoe County School District' campaign. Nearly 200 educator nominations were submitted by their peers within the school district and six honorees were selected for their impactful efforts helping students and schools achieve more. Winners received $500 each for their school or classroom.

"Teachers and other educations have done so much to help children, families and the community get through the challenges of the last several years, and they deserve our gratitude, appreciation, and respect," said Wally Murray, GNCU President and CEO. "In addition to these six outstanding educators, Greater Nevada recognizes the dedication and commitment of all the WCSD employees as they continue to help develop our future generation."

The Greater Heart of Washoe County School District award winners include:

  • Daniel Barthel, band director and teacher at Depoali Middle School
  • Gretchen Canepa, Pre-K deaf education teacher at Hidden Valley Elementary
  • Tiffany Kress, math and student leadership teacher at Sparks High School
  • Roni Green, Career and Technical education teacher at Reed High School
  • Elizabeth Doughty, custodian at McQueen High School
  • Ron Escalante, warehouse supervisor, nutrition services department

From developing volunteer programs to providing extra support services throughout the pandemic, these honorees were chosen for going above and beyond for Washoe County.

In addition to the $500 classroom prize, all honorees received a gift card and tickets to the Friday, May 6 Reno Aces game at Greater Nevada Field.

“We are grateful to Greater Nevada Credit Union for recognizing the tremendous contributions of our educators during this week of celebration,” Dr. Kristen McNeill, WCSD Superintendent, said. “Our community partners play such an important role in our schools and our partnerships provide wonderful opportunities for our students. Our sincere thanks to everyone at GNCU for their hard work on behalf of WCSD.”

 

Greater Nevada Credit Union Donates $10,000 to Ukrainian Credit Union Displacement Fund 

Ukraine Flag(March 23, 2022) – GNCU has announced its support of the Ukrainian Credit Union Displacement Fund via a $10,000 contribution to the Worldwide Foundation for Credit Unions (WFCU).

"Contributing to this noble cause in support of our fellow credit unions in Ukraine, the people they employ and the members they serve was a moral imperative for us in light of the desperate situation that nation is currently suffering,” Wally Murray, GNCU President and CEO, said.

The WFCU has already disbursed more than $50,000 to vetted non-governmental organizations for immediate humanitarian relief. The funds have been used to purchase and deliver food, water, medicine, bedding and other supplies to displaced people. An estimated 3 million Ukrainians have fled their homes since the Russian invasion started at the beginning of March.

The Displacement Fund has collected more than $480,000 in donations to date. After the current crisis has passed, the WFCU will use funds to aid credit unions in the region to support rebuilding and recovery efforts. The World Council of Credit Unions anticipates a need to support reestablishing a regulatory and operating environment to allow Ukrainian credit unions to focus on individual needs, help small and medium enterprises, and encourage agricultural lending designed to facilitate a quicker recovery for the country’s economy. 

“At Greater Nevada, we are passionate about finding ways to help more people Live Greater, and providing aid to meet basic human needs for those impacted by this tragic situation is certainly consistent with that standard,” Murray said. “Our thoughts go out to everyone in that part of Europe and we fervently hope for an end to the atrocities they are currently being forced to endure."

GNCU invites fellow credit unions, members and employees to support the Ukrainian Credit Union Displacement Fund; donations can be made securely online. Together, the credit union community can positively impact those in Ukraine.

 

Greater Nevada Credit Union Achieves CDFI CertificationGreater Nevada Credit Union Achieves CDFI Certification 

(February 8, 2022) – GNCU has been certified as a Community Development Financial Institution (CDFI). The U.S. Department of Treasury issued the certification to GNCU in January of this year. With $1.6 billion in assets, GNCU is both the largest financial institution and the only CDFI-certified credit union with headquarters in the state of Nevada.
 
To be eligible for certification as a CDFI, financial institutions must adhere to stringent requirements such as offering services for development, remaining accountable to their main target market, and striving to promote development within their communities. CDFIs invest in local communities and the residents who live there by providing critically needed financing often unavailable from conventional financial institutions.
 
“Certification as a CDFI institution is a reflection of Greater Nevada Credit Union’s commitment to our community and for helping people in Nevada Live Greater,” Wally Murray, GNCU President and CEO, said. “Nevada has typically been one of the most underfunded states in terms of CDFI institutions and grant-funded programs to serve those who need it most. We plan to leverage both our passion and our experience to utilize the CDFI Fund to help even more individuals and their families achieve better financial outcomes.”
 
The CDFI designation will allow GNCU to explore innovative new programs for individuals who may not qualify for conventional loans, deposit accounts, and down-payment assistance programs. CDFI organizations can apply for the CDFI Fund’s grant, tax credit, and bond programs that are administered annually. Those funds can be used to build the resources to better serve low-income individuals and communities that lack adequate access to affordable financial products and services.
 
“Greater Nevada Credit Union is already active throughout our region providing affordable products, free financial education, and direct monetary support to organizations that provide a range of economic and community development benefits,” Murray said. “This designation will allow us to look for impactful programs that focus on reaching those disadvantaged and underserved populations who can directly benefit more from accessing our services.”
 
Greater Nevada Credit Union worked with CU Strategic Planning, a Tacoma, Washington-based firm that assists institutions with the CDFI application process. Certified CDFIs are part of a national network promoting economic growth in America’s underserved communities by financing businesses, creating jobs, and rebuilding neighborhoods.
 
To learn more about CDFI organizations can visit cdfifund.gov.

 

Greater Nevada Credit Union Donates $17,250 to the Food Bank of Northern Nevada 

January 31, 2022 Food Bank of Northern Nevada Donation(January 31, 2022) – GNCU is proud to support the Food Bank of Northern Nevada – recently donating $17,250 to the Feeding America member organization. Presented Monday, Jan. 1 at Greater Nevada Field, the funds will provide 51,750 meals to community members in need. Of this donation, $8,750 came from GNCU and $8,500 came from a matching grant received from the Federal Home Loan Bank of San Francisco.

GNCU also provided a special grand prize to help encourage donations to the Food Bank's 2021 end-of-year donation drive, and a winning couple was randomly selected as the recipients of a hosted suite experience for a Reno Aces game at Greater Nevada Field.

 

Greater Nevada Credit Union Contributes Over $47,000 to the Nevada Wolf Pack Marching Band for 2020/21 

(January 21, 2022) – GNCU has contributed $47,063 to the University of Nevada Marching Band based on a long-standing presenting sponsorship of the group, plus money raised at the University branch and elsewhere in 2020 and 2021. All money donated will go to help with the Band’s needs for instruments, scholarships, travel and other expenses. 

The Wolf Pack Marching Band and Howlers Pep Band are two of the most visible organizations on campus. With about 200 current Marching Band students, the program continues to grow in size, performance success, and recognition within the community.

Donations are being accepted for 2022, and GNCU will be matching $15,000 in total contributions to the Band through their online fundraiser. These funds are used to support the Band as they work to keep athletes, students, and the community marching forward. If you're able, please consider a donation by clicking here.

Nevada Marching Band Check Presentation 2022

 

A Greater Holiday Season to All!2021 Greater Giving

Each year, we hold our Greater Giving donation drive to collect nonperishable food, new clothes and unopened children's toys for those in need in our communities. Thanks to you, 2021 was one of the best years yet! In Washoe County alone, we collected over 750 pounds of food; that's enough to feed 625 families!

Seeing the generosity of our members and the impact it has on the lives of those in need in our communities is why the holiday season is so important to us.

View our highlight video to see collection boxes in our branches and at the Reno Phil, and donation drop off day!

From all of Greater Nevada, thank you for sharing the holiday spirit with those around you. Have a wonderful holiday season, and a happy and safe New Year!

 

 

 

 

Greater Nevada Sponsors Fernley Wreaths Across America2021 Greater Giving

The Nevada Veteran’s Coalition has been participating in the nationwide Wreaths Across America program for 14 years. Civic, veteran and military organizations alike, come from all over the state to participate in the ceremonial placing of wreaths in honor of fallen veterans. Hundreds of people attended the ceremony and helped place wreaths on gravesites at the local Northern Nevada Veterans Memorial Cemetery in Fernley on Saturday, December 18, 2021. 

With community sponsorships, including a $2,500 donation from Greater Nevada Credit Union, NVC was able to place wreaths on all 8,000 gravesites.   

Fernley Branch Manager, Karry Vesik, and Community Outreach Supervisor, Michelle Hale, were present to witness this year’s tribute to those who rest in the NNVMC. The passing of long-time Fernley resident and NVC leader, Brett Palmer, made this year’s ceremony especially emotional, as Brett was a beloved figure in the Fernley community.  

 

Greater Nevada Contributes $10,000 to Tahoe Prosperity Center’s Tahoe Together Caldor Fire Relief Fund
Lake Tahoe | Ben Carless | Unsplash | on GNCU

(November 1, 2021) – Greater Nevada Credit Union has contributed $10,000 to the Tahoe Prosperity Center’s Tahoe Together Caldor Fire Relief Fund, bringing the fund’s total contributions to over $53,000. The funds will be distributed to food and beverage employees in the Tahoe region recently impacted by the fire.

“Tahoe workers have all lost wages due to the Caldor Fire and previously the Covid-19 pandemic,” said Heidi Hill Drum, CEO of the Tahoe Prosperity Center. “The Tahoe Together campaign is our way of supporting these workers in an economy that is too dependent on tourism.”

The program is intended to support Lake Tahoe’s food and beverage service industry workers after the economic downturn from the pandemic was compounded by the Caldor Fire’s halt to tourism during Tahoe’s traditionally busiest season. As of Oct. 31, 2021, over 500 food and beverage service industry employees have been approved to receive this relief. The funds will be distributed equally to those employed during the height of the fires’ impacts through the Tahoe Chamber and South Tahoe Restaurant Association.

“The Caldor fire struck at a time that is crucial to Lake Tahoe’s tourism industry, and our hearts go out to all those impacted this summer,” said Danny DeLaRosa, chief experience officer at GNCU. “This fund will provide direct support to those working in this economically vibrant region.”

An estimated $93 million in taxable revenue was lost due to South Lake Tahoe being evacuated and travelers being advised to stay out of the region, in what would otherwise be peak tourism season, according to Tom Harris, Director of the University Center for Economic Development at the University of Nevada, Reno.

**Update: The Tahoe Prosperity Center’s Tahoe Together Caldor Fire Relief Fund has closed; however, the Tahoe Prosperity Center collects donations for wildfire protection through ALERTWildfire, "a network of specialized camera installations used by first responders and volunteers to detect wildfires before they become too big. The cameras also support critical evacuation and firefighting efforts by relaying real-time information when it's needed most." 

 

 

Greater Nevada Credit Union Awarded Best Credit Union of Carson Valley
GNCU's Minden Branch Earns Honor of Best of Carson Valley 2021

(October 13, 2021) – Carson Valley’s newspaper, The Record-Courier, annually asks readers and members of the local community to nominate and vote on the best businesses and organizations in the area in multiple categories. This year, GNCU earned the honor of Best Bank/Credit Union of Carson Valley. 

According to The Record-Courier, readers and members of the community are asked each year to “nominate, vote for, and celebrate the very best that Carson Valley has to offer.” Readers vote for nominees online based on the criteria that the nominee “has gone above and beyond over the last year for the 2021 Best Of Carson Valley.” View the honor here.

We are proud that our team goes above and beyond each day, helping Nevadans and their families Live Greater. Pictured here is Valerie Straw, Branch Manager of our Minden branch. For a full list of locations and to book an appointment at the GNCU branch nearest you, visit our Branch Locations page.

 

Greater Nevada commits to matching up to $5,000 to American Red Cross for Caldor Fire relief
Evacuees flee South Lake Tahoe from the Caldor Fire

 
(September 8, 2021)In response to the devastation wreaked upon the South Lake Tahoe region by the Caldor Fire, GreaterNevada Credit Union has committed to contribute up to $5,000 in matching funds donated through its online portal to the American Red Cross. Donations can be made at GNCU.org/RedCross. All GNCU branches are also collecting donations of essential items in need, to be distributed to organizations dedicated to the shelter and safety of the region’s inhabitants.
 
“The proximity of the Caldor Fire to the South Lake Tahoe and Douglas County region has once again created a need for community-minded companies and citizens to come together to assist those in need,” said Wally Murray, GNCU president and CEO. “We applaud the Red Cross and are pleased to support its relief efforts on behalf of those impacted by this tragic event. We are also truly appreciative of the dedicated and brave first responders whose unwavering work has helped combat the flames and destruction.”
The disaster relief donation is intended to support the Red Cross in its efforts to provide assistance to those impacted or displaced by the Caldor Fire.
 
"I am so thankful to GNCU for being so generous during a year with so many disasters," said Mary Powell, Northern Nevada American Red Cross executive director. "I can't express our gratitude enough."

GNCU is also accepting applications for its Disaster Assistance Loan Program. The program aims to provide financial assistance to any qualifying Nevada residents suffering economic loss or hardships from this event. The program offers flexible options to individuals needing short-term financing. These include waived origination and application fees. GNCU is also offering flexible repayment options and deferred interest rates for these loans. All loans are subject to credit approval. Full financial disclosures and all loan rates, fees, and term details are available at GNCU.org or by calling GNCU’s Consumer Loan Consultants at (855) 548-4787.

 

Greater Nevada Credit Union Offers Substantial Support to the University of Nevada, Reno's NevadaFIT Program

University of Nevada, RenoFunding will help support University of Nevada, Reno’s academic ‘Freshman Intensive Transition’ program, creating a greater culture of student success and completion for incoming freshmen

(August 15, 2021) – This year's NevadaFIT program has a lot to celebrate. University of Nevada, Reno freshmen and transfer students, along with their families, will not only be on campus and in-person, but the program now offers a new NevadaFIT Orientation Welcome (NOW) weekend, the Digital Wolf Pack Initiative pilot program with an iPad Air for each first-year freshman, and the first-ever Opening Ceremony in Mackay Stadium. A significant commitment from Greater Nevada Credit Union (GNCU) will greatly impact the sustainability of the campus-wide academic boot camps while supporting 600 low-income students annually.

“Thanks to the dedication of our faculty, staff and mentors, and the generosity of our donors, NevadaFIT has become a flagship program for the University and a driving force in our teaching mission,” University President Brian Sandoval said. “We strive to educate and graduate the best-prepared and most confident leaders, and it all starts with our students’ experience in the NevadaFIT program.”

NevadaFIT is a one-credit, academic program for first-year students designed to help ease the transition from high school to college. The NevadaFIT program brings more than 3,500 new students and about 500 student mentors to campus the week before the fall semester begins.  NevadaFIT spans nine colleges and schools and more than 40 majors. Working in “Packs” of six to seven students led by an undergraduate mentor, students focus on academic readiness and skills to be successful college students, become acquainted with faculty, form study groups, live on campus and experience immersion into the campus community. This strategy has been proven to give students a sense of belonging and increases retention and graduation rates for all participants, including Pell-eligible, first-generation and minority students. Since its inception in 2013, NevadaFIT has helped increase the University’s average one-year retention rate by seven to ten percent.

“First-generation, low-income, and students from diverse racial and cultural demographics make up 40 percent of our campus community,” President Sandoval said. “Many students from across this spectrum require assistance in order to achieve their college degrees. Expanded support from Nevada business leaders like Greater Nevada Credit Union helps make higher education more accessible and successful for all students.”

For 25 years, Greater Nevada Credit Union has been a dedicated partner with the University, most notably in its long-term support of the Wolf Pack Marching Band and Howlers Pep Band, and as a Presenting Sponsor of Nevada Money Mentors, the University’s financial literacy program. Greater Nevada Credit Union’s enhanced collaboration with the University, along with other donor support of NevadaFIT, will assist more than 1,100 low-income students to cover requisite course fees, ensuring that all students who attend NevadaFIT can do so without additional financial strain.

“Beginning college is just one aspect of an individual’s learning journey,” said Wally Murray, president, and CEO of Greater Nevada Credit Union. “We want to ensure that students from diverse backgrounds are best prepared to pursue their degrees and careers. We will also be supporting NevadaFIT’s efforts by providing financial literacy courses during the program. Greater Nevada wants all students to begin with a solid foundation, with opportunities to make the best decisions and accelerate their future success.”

Greater Nevada Credit Union is a not-for-profit, full-service financial institution headquartered in Carson City that has been helping Nevadans with their financial needs since 1949. GNCU serves more than 80,000 consumers and small businesses, has more than $1.5 Billion in assets and has been consistently recognized as both Best Financial Institution in many of its service areas and as a top employer by the Reno/Tahoe Best Places to Work Awards. GNCU is open to everyone living or working in Nevada.

To learn more about supporting NevadaFIT, the University’s requisite academic boot camp, contact Crystal Parrish, director, corporate and foundation relations, at cparrish@unr.edu or 775-682-6023.

 

 

Greater School Supplies Drive Collects 19 Boxes of Supplies for Nevada Students

Community donations collected totaled 19.5 boxes, equivalent to 616 gallons of materialsGreater School Supplies Drive collects classroom essentials for local students

(September 1, 2021) - Greater Nevada's Greater School Supplies Drive, which sought donations of classroom essentials for local students from mid-July to mid-August, collected and distributed 19.5 full boxes of materials to local schools and organizations.

In partnership with Education Alliance of Washoe County, the drive collected the equivalent of 616 gallons of classroom materials.

Thank you to all who contributed to this effort to help our local students and teachers Live Greater!

 

Greater Nevada Mortgage Donates Two Grills and $30,700 to Eddy House

Through the Keys to Greater program, GNM contributes $100 of the revenue from every mortgage or refinance to the Reno nonprofit.

Since the inception of Greater Nevada Mortgage's Keys to Greater program, over $64,000 has been donated to Eddy House to aid them in their mission of ending youth homelessness in Nevada. 

But the partnership with Eddy House isn't just monetary. When Eddy House reached out for help teaching their clients about healthy eating habits, we and GNM stepped in to provide two brand-new grills and a cooking lesson to the clients. Read the full story and watch the video here.

 

 

Greater Nevada Credit Union Announces 2021-22 Scholarship Recipients, Totaling $60,000

30 Nevada students were awarded scholarships of $2,000 each to apply toward tuition and expenses at the higher education institution of their choice

(June 23, 2021) - Now in its 21st year, the GNCU Scholarship Program has awarded a total of $60,000 to members or their family members to pursue their dreams of higher education for the 2021-22 academic year.

“It is gratifying for GNCU to be able to support members in their pursuit of higher education,” said Wally Murray, GNCU’s President & CEO. “Doing so provides them the opportunity to not only grow individually, but to contribute to making entire communities Greater as well.”

Since its inception in 2000, GNCU’s scholarship program has awarded $550,000 to students in Nevada seeking to further their education at the university, community college and trade school levels.

For the 2021-22 academic year, GNCU’s Scholarship Committee selected 27 post-secondary students, as well as three adult students from all over Nevada to receive the $2,000 to pursue their higher education goals. Funds for the upcoming semester will be sent to the applicants’ corresponding institutions in fall, 2021.

To view the full list of this year's recipients and the institutions they plan to attend, view the full story here.
 

 

Greater Nevada Raises $24,000 for Special Olympics Nevada at 2021 Tahoe Polar Plunge

This year's South Lake Tahoe plunge exceeds the goal of $10,000 by over $14,000

(April 25, 2021) - After the cancellation of the 2020 Tahoe Polar Plunge, Greater Nevada's fundraising efforts for the 2021 event exceeded the team's goal of $10,000 with a total combined contribution of $24,224 to Special Olympics Nevada.

 

 

 

 

Greater Nevada Mortgage Partners with Eddy House to Help Homeless Youth

Through the Keys to Greater initiative, the Nevada-based credit union will pledge $100 of every mortgage and refinance to Eddy House

 

(Jan. 21, 2021) - Homeless youth are often called “the invisible population.” It’s estimated that nearly 25% of Nevada’s homeless population – 1,285 people – are children and teens. Eddy House is an innovative nonprofit working to provide housing and services to homeless youth in Reno and Sparks. And now, Greater Nevada Credit Union and its wholly owned subsidiary, Greater Nevada Mortgage, are helping homeless and at-risk youth move to greater things. Through the new Keys to Greater campaign, $100 of the revenue from every mortgage or refinance funded through Greater Nevada Mortgage will go to organizations dedicated to ending youth homelessness, starting with their first northern Nevada partner, Eddy House. While the campaign’s final donation amount will be determined in part by consumer participation, Greater Nevada Mortgage has pledged a $25,000 minimum contribution for 2021.
 
The Eddy House is the central intake and assessment facility for youth experiencing homelessness in northern Nevada. It serves local homeless, runaway and at-risk youth 24/7 by providing safe overnight opportunities for up to 20 young adults, a five-bed emergency shelter, and a new community living program for 23 youth. Eddy House also offers counseling services, workforce development, life skills groups, health care services and more.
 
“We’re honored to have the support of Greater Nevada,” said Diaz Dixon, CEO of Eddy House. “Partnerships like this help us continue serving at-risk youth throughout our community. Many of our youth don’t have someone in their life to help manage money or open up a savings account. Greater Nevada’s financial literacy programs and donations will help prepare our youth for success in their adult lives and help them achieve their dreams.”
 
Greater Nevada Credit Union (GNCU) will also continue to host financial literacy classes and provide additional financial donations for Eddy House youth. GNCU staff have hosted financial literacy courses for Eddy House youth since June of 2020. The courses teach youth how to manage money and assist them in setting up their own savings accounts through the credit union. 
 
“Greater Nevada Mortgage is proud to partner with Eddy House on this new initiative to assist homeless and at-risk youth in our community,” said Wally Murray, president and CEO of Greater Nevada Credit Union and Greater Nevada Mortgage. “It’s a crucial first step for teens and young adults experiencing homelessness to have a safe environment, and to know there are people who truly care about them.”
 
To learn more about Eddy House, visit eddyhouse.org. To learn more about Greater Nevada’s Keys to Greater Campaign, visit KeysToGreater.com.

 

 

Greater Nevada Named Best Credit Union by Northern Nevada Business Weekly for 2020

(Dec. 30, 2020) - Greater Nevada Credit Union has been named the Best Credit Union, and 3rd most philanthropic organization of 2020 in the Northern Nevada Business Weekly Best in Business 2020 Awards. 

The winners were determined after a nomination period from Aug. 19 - Sept. 9, 2020, followed by the Sept. 23 - Oct. 7 voting period, which led to a total of 180 finalists — 10 in each of the 18 categories.

We would like to thank everyone who participated in this year's awards, and for our Greater communities for the opportunity To Help More People Live Greater!

 

 

Greater Commercial Lending Recognized as #1 USDA Business & Industry Lender for 2020

(Dec. 21, 2020) - Greater Commercial Lending (GCL), a wholly-owned subsidiary of Greater Nevada Credit Union (GNCU), was recently recognized by the United States Department of Agriculture (USDA) as one of USDA Rural Development’s 2020 top commercial lending partners. GCL also ranked the highest in the U.S. for the USDA Business & Industry (B&I) Guaranteed Loan Program for 2020. GCL has consistently ranked as one of the top national USDA lenders year-after-year.

GCL partnered with USDA to obligate $295 million in rural communities during FY 2020. These investments helped 19 rural businesses acquire essential working capital through USDA’s Business and Industry (B&I) Loan Guarantee Program. Concurrently, GCL assisted or participated in an additional $157 million in loans from many of the top USDA commercial lending partners during the last fiscal year.

GCL also secured a record-breaking $205 million in obligated loans, a record previously held by GCL in 2018 at more than $136 million. The B&I program was designed to assist rural businesses obtain needed credit to help save and create jobs in America.

 

 

 

Greater Nevada Credit Union Ignites Audacity Fund Reno With $25,000 Contribution

(November 23, 2020)  Greater Nevada Credit Union (GNCU) has contributed $25,000 as the first corporate sponsor and financial institution to the Audacity Fund Reno, which provides funding, education and support to local business owners from underserved populations.  Smaller-GettyImages-616234458_1000x500-(1).jpg

The Audacity Fund Reno is a field of interest fund at the Community Foundation of Western Nevada, a 501c3 nonprofit organization. The GNCU contribution kickstarted the fund’s $2 million capital campaign to invest appropriate capital in main street and tech companies with underrepresented founders.
 
“Greater Nevada Credit Union is driven by our passion to help Nevadans and Nevada’s businesses live greater,” said Wally Murray, president and CEO of Greater Nevada Credit Union. “Like many credit unions across America, Greater Nevada was formed more than 70 years ago by a small group of people who felt underrepresented and cut off from sources of capital. That’s one reason we’re ecstatic to assist with the Audacity Fund Reno to provide a new source of support for businesses that are the backbone of our vibrant community.”
 
The Audacity Fund Reno invites financial institutions, corporations and community members to follow GNCU’s lead in supporting small businesses in the western Nevada region. All contributions to the Audacity Fund Reno support local businesses founded by women, minorities, LBGTQ+, people with disabilities, veterans and other underrepresented groups.
 
“In administering the City of Reno small business relief fund for minority and women owned businesses, requests for financial assistance were seven times the $1M allocated,” said Danielle Rees, managing partner of the Audacity Institute. “With COVID cases on the rise locally, the need to support our small businesses is greater than ever. Investing in local and inclusive businesses provides a solid return on investment. Every $10,000 invested in a local women or minority-owned business results in an annual local economic impact of $90,000.”
 
The Audacity Institute will provide group education and individual mentoring to the cohort of companies selected to receive funding. Education topics are tailored for the stage and type of company ranging from topics such as business structures, licenses and permits; to finance and accounting; to market research and sales; to operational adaptation of business practices; to long-term funding strategies.
 
"I am beyond thrilled to support the Audacity Fund and Greater Nevada Credit Union,” said Mayor Hillary Schieve and owner of Clothes Mentor and Plato’s Closet. “These community partners are showing once again that when Reno works together, we can thrive. The focus on boosting women and minority-owned companies shouldn't stop even in the middle of the pandemic. Our businesses continue to suffer but lifelines like this can help workers and owners across our region. The work goes on and we can do this together."
 
“It’s ultimately folks on Main Street working together to inject vitality and inspiration that help local and diverse economies to thrive, not Wall Street,” said Murray. “That is why our supporting programs like the Audacity Fund Reno is incredibly important to us, as it aligns very well with our expertise in providing small business assistance using programs like those offered through the SBA and USDA.” Recently GNCU and its wholly-owned subsidiary, Greater Commercial Lending (GCL), helped save more than 61,000 jobs by funding 5,900 forgivable SBA PPP loans totaling $583 million in all 50 states, the District of Columbia and four U.S. territories. That includes loans to over 2,100 Nevada businesses for more than $137 million.
 
Applications for funding from the Audacity Fund will open as soon as the first $250,000 is raised. For more information on making a contribution, visit AudacityFundReno.com.

 

Greater Nevada Providing Special Disaster Loan Program for Northern Nevada Fire Victims

 
(November 23, 2020) In response to the recent fires in Northern Nevada, Greater Nevada Credit Union (GNCU) has bolstered its Disaster Assistance Loan Program, making it available to any qualifying Nevada residents suffering economic loss or hardships from those events.
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“When any of our community members are affected by these types of tragic situations it is important for them to know they are not left alone to weather the storm,” says GNCU President and CEO Wally Murray. “During such times it is imperative for those of us based in this community to come together and support one another. Greater Nevada takes that responsibility seriously, which is why we are providing this resource as our impacted friends and neighbors assess their personal situations and begin to rebuild.”
 
The Disaster Assistance Loans offer flexible options to those needing short-term financing. This includes waived origination and application fees. GNCU is also offering flexible repayment options and deferred interest rates for the loan. All loans are subject to credit approval. Full financial disclosures and all loan rates, fees, and term details can be viewed on their website at www.gncu.org or by calling GNCU for details.
 
GNCU is also donating $2,500 to the American Red Cross in support of its disaster relief efforts. That is in addition to the $30,000 in direct aide it provided earlier this year to assist victims of wildfires in Oregon and northern California.
 
Any Nevadans affected by the recent fires can contact GNCU’s Consumer Loan Consultants at (855-LIV-GR8R) or visit its Consumer Lending page for additional information on the Disaster Assistance Loan Program.
 

Greater Nevada Credit Union Donates $10,000 and More than 60 Gently Used Computers to Education Alliance

(November 10, 2020)  Greater Nevada Credit Union (GNCU) has donated $10,000 to Education Alliance as part of its laptop drive for underserved Washoe County students. GNCU collaborated with Education Alliance and Reno Cigar Lions Club for this donation in celebration of GNCU’s new Vista branch location.
 
On top of the donation, GNCU collected gently used laptops and computer equipment for Washoe County School District students in need. GNCU collected and donated 58 laptops and 10 desktops to county students.
 
“It’s estimated that 11,000 students in Washoe County don’t have access to a computer at home,” said Kendall Inskip, executive director of Education Alliance. “Students need this technology to continue their learning, and it’s so important to us to be able to support these students.”
 
GNCU presented the donation check to Education Alliance in a ceremony on Nov. 6 at GNCU’s Vista branch in Sparks, Nev. Danny DeLaRosa, chief development officer at Greater Nevada Credit Union presented the check to Inskip, who accepted on behalf of Education Alliance.
 
“GNCU wants to ensure that no student is left behind during these challenging times, and we’re honored to join other local businesses helping to bridge the technology gap for students,” DeLaRosa said. “We were thrilled to have our members join us in the fundraising and gathering dozens of computers to help students thrive in their online learning.”
 

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Greater Nevada Credit Union's New Elko Downtown Branch is Now Open!

GNCU's New Elko Downtown Branch(October 1, 2020) - Greater Nevada Credit Union (GNCU) is very excited to share the brand new, state-of-the-art Elko Downtown branch is now open and ready to serve members. This freestanding branch is conveniently located in the heart of the city at the corner of Idaho St. and 12th St., giving members in this fast growing community a second location for in-person service by joining the current GNCU branch inside the local Walmart Super Center.

Members and perspective non-members are invited to come say hi and receive exceptional service from the friendly branch staff Monday - Friday, 10:00 AM - 5:30 PM. Members may also take advantage of a drive-up Interactive Teller Machine (ITM) to handle banking needs through live video chat with a Member Service Representative over extended hours of Monday - Friday, 7:00 AM - 7:00 PM, and Saturday, 9:00 AM - 5:00 PM. Traditional ATM transactions are available 24/7 at the ITM as well. Click here to learn more about this new branch. 

 

 


Greater Nevada Credit Union Reminds Members to Remain Diligent on Fraud & Identity Theft Protectionelderly person the phone with debit card in hand

(September 23, 2020) - Did you know that Americans have lost at least $145 million to fraud related to COVID-19? The average loss was $300 for those younger than 80, and double that for seniors 80+. Greater Nevada Credit Union constantly monitors for unusual and suspicious activity on behalf of our members using the latest technologies, but having members also understand how they can proactively identify fraud and appropriately escalate questionable activity is critically important, too. 

Here are essential tips all members should be aware of:

  • Regularly review your account activity and immediately report anything suspicious. To report suspicious activity, or file a dispute, click here.
  • NEVER give your login information, online account password or PIN (Personal Identification Numbers) to anyone. GNCU will NEVER call and ask you to verify your personal information, such as your social security number, PINs, passwords or CVV numbers from your card. If anyone calls and requests this information, even someone claiming they're from GNCU, hang up and call GNCU's fraud team immediately at (775) 334-8635.
  • Keep Greater Nevada informed with your most current contact information at all times, so we can alert you when potential fraud is detected.
  • Set up account alerts in GNCU's Personal or Business eBranches to check balances and deposit activity.
  • Download the GNCU Cards app to manage your debit card's status (turn your card on and off), and choose your preferred transaction alerts.
  • Insert — don’t swipe — your debit card. The EMV chip in your debit card provides the highest level of security available for protecting your card information. Always insert your card and avoid swiping it whenever possible.
  • Ensure that each person listed on an account has separate online banking login information. For example: Person A and Person B are both on an account together, and both Person A and Person B have separate login IDs and passwords. Please use the login information associated with yourself, not the joint owner.
  • Consider changing your password for mobile/online banking every three months. Create complex passwords that identity thieves cannot guess easily. Have your password be unique — no birthdays, social security numbers, phone numbers, or any other information that is easy to figure out. Change your passwords ASAP if any companies you do business with have data that has been compromised.
  • Click here to view more helpful tips.


Greater Nevada Credit Union Contributes $30,000 to Fire Disaster Relief

(September 14, 2020) - To assist with disaster relief during this devastating fire season, Greater Nevada Credit Union (GNCU) has donated $30,000 to three different credit unions coordinating relief efforts in California and Oregon. Rogue Credit Union Foundation in Medford, Ore.; Redwood Credit Union Community Fund in Santa Rosa, Calif.; and Sierra Central Credit Union in Yuba City, Calif. will each receive $10,000 to assist with ongoing relief efforts.

"With so many new fires burning through forests and foothills across California and Oregon, credit unions are stepping up to help their communities in their greatest time of need", said GNCU CEO, Wally Murray. "We want to support our neighboring credit unions as they serve their members and help their communities rebuild."

Institutions receiving these donations understand the critical role that member-owned financial institutions play in rebuilding communities and providing vital services to disaster victims. Many credit unions are coordinating donations for relief and launching special financial programs such as low-interest loans and grants aimed to help those displaced or impacted by the fires.

GNCU encourages community members, other businesses, and financial institutions to consider donating to wildfire relief efforts.

 

Greater Nevada Credit Union's New Sparks Vista Boulevard Branch is Now Open!

GNCU's New Sparks Vista Branch(August 20, 2020) - Greater Nevada Credit Union (GNCU) is very excited to share the brand new, state-of-the-art Sparks Vista branch is now open and ready to serve members. This branch is conveniently located just off I-80 on Vista Blvd., making it very favorable for members who live in the surrounding communities, plus fellow members who pass through this area on a regular basis.

Members and perspective non-members are invited to come say hi and receive exceptional service from the friendly branch staff Monday - Friday, 10:00 AM - 5:30 PM. Members may also take advantage of one walk-up and two drive-up Interactive Teller Machines (ITMs) to handle banking needs through live video chat with a Member Service Representative over extended hours of Monday - Friday, 7:00 AM - 7:00 PM, and Saturday, 9:00 AM - 5:00 PM. Traditional ATM transactions are available 24/7 at each of the ITMs as well. Click here to learn more about this new branch, or view a video tour below.

 

 

Greater Nevada Credit Union Awards $60,000 in Scholarships to the Class of 2020

(June 10, 2020) - Greater Nevada Credit Union (GNCU) has awarded 31 Nevada students with scholarships to continue their academic pursuits through the GNCU Scholarship Program.

Scholarship recipients were selected from a competitive pool of 139 applicants. Twenty-nine winners will receive a $2,000 scholarship each, and two winners will receive a $1,000 scholarship each based on the timing of their graduation and enrollment.

The winners were selected from communities throughout Nevada and will attend institutions throughout the country including the University of Nevada, Reno; Washington State University; Boise State University; New York University; Western Governors University and more.

"We’re thrilled to celebrate these students, who have all maintained a commitment to the community and their studies in incredibly challenging times", said Dean Altus, Chief Credit and Retail Officer at GNCU. "These graduating seniors show us what it means to be resilient. I speak for all of our members when I say we are thrilled to help them continue their aspirations of earning a college degree."

This is the 20th year of the annual Scholarship Program. GNCU has helped 350 students pursue their educational goals after high school, awarding more than $490,000 in total scholarships over the years.

The Scholarship Program is part of the GNCU commitment to allow our members to Live Greater. All GNCU members and their families are eligible to apply. Scholarship winners are selected based on financial need, academic performance, community involvement, and educational/professional goals. The scholarships can be used for tuition, course registration, special classes or laboratory fees, room and board, textbooks and class materials.

Click here to view a full list of all scholarship recipients and their schools.

 

A Remarkable Night at the 2019 Renown Children's Hospital Magic Gala

Greater Nevada was honored to be the title sponsor of this year's Magic Gala, which helped raise over $550,000 for the young patients at Renown Children's Hospital. We were also very excited to surprise 3-year-old Howie Zink with a brand new custom bike! Howie spent his first 23 days in the Renown Children's Hospital NICU after surgery for Gastroschisis. That experience forever changed his mom, and now he can continue to live greater on his new bike thanks to care he received.