Business Details
50+ Years
experience
Your Member-Owned Financial Partner in Salt Lake City
G&R Credit Union was established in 1962 by employees of Gibbons & Reed, later acquired by Granite Construction, to foster mutual financial success among members. We operate as a member-owned cooperative, offering personalized financial services without competing with traditional banks. Our primary focus is to provide accessible loans funded by member deposits, with interest earnings reinvested into operational costs, capital reserves, and member dividends. Unlike commercial banks, we prioritize member participation in governance through annual elections of member-officers. Our services include unsecured, auto, and recreational vehicle loans with competitive rates starting at 5.25% APR.We also offer savings accounts where members earn dividends from excess earnings. All accounts are federally insured up to $250,000 by the National Credit Union Administration. Our operational philosophy centers on financial education, community empowerment, and maintaining transparent, member-driven policies. We serve exclusively as a financial resource for Granite Construction employees and their families. With over six decades of service, we remain committed to strengthening our members' financial well-being through personalized support and ethical practices.
Services
Personal Loans
Auto Loans
RV/Trailer Loans
Savings Accounts
Dividend Programs
Details
- Year established: 1962
Highlights and features
- Member-owned cooperative established in 1962
- Competitive loan rates starting at 5.25% APR
- Dividend returns on member savings accounts
- Personalized financial services for Granite Construction employees
- Federally insured deposits up to $250,000
Associations and certifications
- National Credit Union Administration (NCUA)
Services
Unsecured Loans
Flexible unsecured loan options available with competitive rates starting at 9.50% APR. Designed for members' personal financial needs without requiring collateral. Ideal for debt consolidation, emergency expenses, or major purchases.
Auto Loans
Specialized auto financing with rates beginning at 5.25% APR. Available for new and used vehicle purchases with streamlined approval process. Offers fixed-rate terms to help members achieve reliable transportation.
RV/Trailer Loans
Financing solutions for recreational vehicles and trailers at 7.25% APR. Tailored for members seeking adventure or leisure equipment. Structured repayment terms matching the investment nature of recreational assets.
Savings Accounts
Secure savings accounts with dividend earnings from member-driven profits. Minimum balance requirements ensure accessibility for all members. Primary funding source for our community-focused loan programs.
Dividend Programs
Annual dividend distributions from excess earnings to reward member participation. Rates determined by board-approved formulas reflecting financial performance. Reinforces our cooperative ownership model benefits.
Questions
What loan types does G&R Credit Union offer?
We provide unsecured personal loans, auto financing, and recreational vehicle/trailer loans with competitive rates starting at 5.25% APR.
How are savings accounts structured?
Our member-owned savings accounts earn dividends from excess earnings, with deposits federally insured up to $250,000 by NCUA.
Who qualifies for membership?
Membership is exclusive to Granite Construction employees and their families, continuing our 1962 founding purpose of serving this specific community.
What happens to dormant accounts?
Accounts with no activity for 12 months incur $10 monthly fees and may be transferred to the state as unclaimed property after two years.
