For more news: Subscribe to our enewsletter, and follow us on Facebook, Twitter, and LinkedIn.
Run for a Position on Greater Nevada’s Board of Directors
We have three open positions on our Board of Directors for three-year terms beginning March 2016. To find out the necessary qualifications and how to submit your application by September 30, 2015, click here.
Minimum Savings Balance Reduced to $5
On September 1, 2015 Greater Nevada’s Board of Directors approved the reduction in the par value of a GNCU share from $25 to $5. The par value is the minimum savings account balance required to join the credit union and maintain membership. Every primary member is an owner of the credit union and is required to keep the equivalent value of one share in a share savings account. It’s that share that allows members to enjoy the many benefits GNCU provides, as well as vote for their Board of Directors. This reduced minimum balance requirement did not change the financial value of the credit union, or the value of your membership, though it did help make membership even more affordable for individuals and businesses. Click here to learn more about qualifications and how to become a member.
$352 In Extra Value - The Value of Your Membership
It is our pleasure to help our members Live Greater. Throughout 2014, members received $352 in extra value compared to bank customers. To see all the ways Greater Nevada returned earnings to members, click here.
Greater Nevada Voted Best Financial Institution in Carson City
We're proud to announce that for the 9th consecutive year GNCU has been voted Best Financial Institution in the Nevada Appeal Readers' Choice poll. Thank you to all who voted for us! See more awards here.
Congratulations to Our Scholarship Winners
Greater Nevada Credit Union has awarded $40,000 in scholarships this year to 20 students. Greater Nevada has been awarding scholarships to members to further their education for the past 16 years. This year’s applicants were awarded $2,000 each for the 2015/2016 school year. Click here to view all the winners.
Pay with Your Greater Nevada Visa® Debit Card Using Apple Pay™
Now you can enjoy all the benefits of your Greater Nevada Visa Debit Card using Apple Pay on iPhone 6. Apple Pay changes how you pay with breakthrough contactless payment technology and unique security features built right into iPhone 6. So you can pay in an easy, secure, and private way. Click here to learn more!
GNCU Elko and Golden Valley Branches Are Now Open
Greater Nevada’s new full service Elko branch is now open and conveniently located inside of the Walmart Supercenter at 2944 Mountain City Highway. Click here to see branch hours of operation.
Our second new branch of the year is now open as well in Golden Valley, Reno. Stop by too see the new location at 1095 North Hills Blvd, Reno.
Click here to see our hours of operation for Golden Valley.
We can't wait to serve you at your new branches!
Greater Nevada Announces New Board of Directors
On March 19, 2015 Greater Nevada members gathered for the credit union’s 66th annual meeting, where the results of the annual election for two open Directors seats were declared. We are pleased to announce the re-election of Director Vernon Dalton and the election of new Director Jon Steel. Both members will serve on our volunteer Board for a three year term.
During the meeting, individuals who reached 35 years of membership with GNCU over the past 12 months were recognized and given a special commemorative gift in appreciation of their contributions to the long-term success of the credit union. This year there were 174 members who reached that milestone. Directly following the meeting, a special session of the Board of Directors was held to elect officers for the coming year. Click here to view the new Directors and each of their elected positions.
Thank you to all who voted in this year’s election and attended our annual meeting.
Click here to view the 2014 Annual Report.
GNCU Upgrading Fraud Detection & Notification System
As part of our continuing effort to bring the best technology and service to our members Greater Nevada Credit Union is upgrading our Fraud Detection and Notification System. The new system will provide more immediate attention to notify our members faster when fraud is suspected. The notification portion of the system includes a state-of-the-art automated assistant to help our members review transactions and confirm their spending activity on debit cards.
If you receive a notification call from our automated assistant, whom we have nick-named Jill, please work with her to answer questions regarding recent card activity. Please also be aware that our Card Member Security team that provides fraud alert management is available 24 hours per day, 7 days per week should you need assistance from a live agent.
If suspicious transactions are identified as fraudulent, calls will be transferred to our outstanding member support team at Card Member Security to help you take the necessary precautions to protect your cards and related accounts. If the recent activity is legitimate, members will be able to close the case with the phone attendant using their touch-tone phone. Thank you for your support through this upgrade and, as always, thank you for being a member of Greater Nevada Credit Union.
Greater Nevada Expands Business Lending Services
Credit Union's increase in business loans reflects growing demand in northern Nevada
(Carson City, Nev.) July 24, 2014 - Over the past year and a half, Greater Nevada Credit Union (GNCU), the area's largest locally-based credit union, has seen more than 115% growth in its business lending portfolio. One of the credit union's newest products, construction loans, is taking off just as rapidly, thanks to local businesses that want to expand, and the unique services offered by Greater Nevada to help them do it.
Vice President of Business Services, Jeremy Gilpin, says his team is filling a gap for small to medium size businesses that need money to build and expand. "Many of these loans are too small for the bigger banks and often get referred to us, especially since other financial institutions in our area aren't necessarily equipped to deal with construction loans. We have not only the expertise for taking care of these loans, we also have the flexibility to look at different options and ultimately find a solution that works best for each business owner."
A recent example is L.A. Bakery in Carson City, which, thanks to a construction loan from Greater Nevada, was able to expand its business to provide better dine-in and take-out options, while also increasing its wholesale distribution. Like many businesses in northern Nevada, an area hit hard by the recent recession, L.A. Bakery was ready to grow, though funding options remained limited, especially through larger financial institutions.
Gilpin says that though Greater Nevada has offered business services for decades, it wasn't until last year that a focus was on significantly expanding the department and its offerings. Collectively, his staff offers business owners more than a hundred years of experience, as well as a competitive suite of deposit and loan products. For example, the credit union currently offers three different business checking products, as well as a wide variety of business loans (including SBA and agricultural loans), business credit cards and merchant services.
"Up until last year, northern Nevadans haven't thought of Greater Nevada Credit Union for business banking and loans," says Gilpin. "By having the services and products that are in demand, as well as the expertise and flexibility to customize each solution, we're able to help a lot of local businesses get to the next level."
Greater Nevada is headquartered in Carson City and has been helping Nevadans with their financial needs since 1949. The credit union serves more than 45,000 consumers and small businesses, and has $500 million in assets. Greater Nevada has also 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. For more information, visit gncu.org.
Photo: (pictured left to right) Roger Kadz, Business Development Officer, Nevada State Development Corporation, Melissa Harlow, GNCU Branch Manager, Jeremy Gilpin, GNCU VP of Business Services, Jesse Hartford, GNCU Business Lending Specialist, and Holly Speir, GNCU Business Services Specialist, outside of L.A. Bakery, which expanded thanks to a construction loan from Greater Nevada Credit Union.