When it comes to personal and business banking, credit unions aren’t always top of mind. Sometimes misunderstood in terms of who can join, what they provide, and even how advanced their services are, these member-owned financial cooperatives are gems for those who discover them. Greater Nevada Credit Union, here for everyone in Nevada, is a good example of how beneficial membership can be.
Since it was first formed by a small group of State of Nevada employees in 1949, Greater Nevada has grown to serve more than 64,000 consumers and small businesses statewide and beyond, with subsidiaries that include mortgage and insurance. The credit union’s “passion for helping more people live greater” has led to numerous awards and recognitions, such as:
- Named the United States Department of Agriculture (USDA) 2016 and 2017 National Lender of the Year—the first for any credit union or Nevada financial institution
- Named a 2017 Small Business Administration (SBA) Lender of the Year
- Continuously recognized as a Best Financial Institution in many of its service areas, including Reno, Carson City, and Carson Valley
- Awarded first place for the large company category in the 10th Annual Best Places to Work in Greater Reno-Tahoe
- Recipient of the 2017 First Place Dora Maxwell Award for Nevada Community Achievement
As Greater Nevada’s membership has grown over the years, so has the credit union’s presence in the community. In 2016, Greater Nevada Credit Union acquired the naming rights to Greater Nevada Field, home of the Reno Aces AAA baseball team and Reno 1868 FC soccer club. Next year, the credit union is opening a new branch across from the University of Nevada, Reno, as well as building a new, state-of-the art branch at its headquarters in Carson City. At year end, Greater Nevada will have 13 branches in northern Nevada, along with a network of more than 5,000 shared credit union branches and 30,000 fee-free ATMs nationwide.
On the commercial banking side, Greater Nevada is recognized as a major player in USDA and SBA lending. Businesses have also benefited from products and services such as flexible business checking account options, competitively priced merchant services, online ACH, wire services, remote deposit capture and access to payroll partners.
Basically, Greater Nevada Credit Union members can access products and services ranging from online and mobile banking to a full suite of mortgage lending services, financial planning and investment services, and competitive insurance programs—with complete confidence that their deposits are also federally insured. And since Greater Nevada members are also owners of the credit union, earnings are returned to them in the form of better rates, fewer fees and exclusive products and programs. Examples include payment saver auto loans, a hybrid of conventional financing and leasing; first time buyer and borrowers programs; checking accounts with monthly rewards; and exclusive discounts on events, travel and more. However, “helping more people live greater” doesn’t stop there.
“An important way we serve our members is by helping their communities,” said Wally Murray, Greater Nevada’s President/CEO. “That belief is part of who we are and seen in the ongoing commitment of our employees, who in 2016 alone volunteered 2,836 hours of their time through the credit union’s community service program.”
The next time you’re thinking about options when it comes to personal or business banking, call (775) 882-2060 or visit gncu.org to learn more about one of the state’s largest, locally-based and member-owned financial institutions, here to help you Live Greater.
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Greater Nevada Credit Union is federally insured by NCUA and is an Equal Housing Lender.
Updated on 1/16/18. Original article is also published on biznevada.com.