Headquartered in Carson City, Nevada, Greater Nevada Credit Union (GNCU) is a member-owned, not-for-profit financial cooperative.
Greater Nevada Credit Union serves more than 68,000 members in 14 different branch locations, provides access to over 30,000 ATMs and 5,600 shared branches, and has financial assets approaching $1 billion.
With locations that extend from West Wendover, Elko and Ely in eastern Nevada to Minden/Gardnerville and Dayton in the west, not to mention Reno and Sparks in between, Greater Nevada Credit Union serves its members in a variety of communities throughout northern Greater Nevada Credit Union follows the principle of, “To Help More People Live Greater.”
History of the Greater Nevada Credit Union
It was a relatively chilly day on Jan. 24, 1949, in Carson City, Nevada, with a high of 24 °F and a low of 13 °F, and modest breezes making it feel much colder, though otherwise a seemingly innocent Monday in the state’s capital city.
And yet, a historic event was taking place that would affect generations to come.
From that day onwards, a handful of state government workers, who had spent weeks of their personal time and energy finding a locally based cooperative to help meet the financial needs of its members, received the official charter for the Nevada State Employees Federal Credit Union.
The founders of the Greater Nevada Credit Union back in 1949 could not have dreamed that their credit union would grow to more than 68,000 members and over $965 million in assets with a branch footprint that extends well beyond it’s Carson City roots.
Membership of the Greater Nevada Credit Union
One can become a member of the Greater Nevada Credit Union if he/she lives or works in any county within the State of Nevada, or are related to a current member by blood, adoption or marriage, and do live in the same household.
Launching the membership with GNCU requires a one-time $5 membership fee and opening a Share Savings account with at least $5 deposit.
One can remain a member for life, as long as his or her accounts remain in good standing.
Branches of the Greater Nevada Credit Union
There are many branches of the Greater Nevada Credit Union. They are as follows:
1. Carson City: Eagle Station
481 Eagle Station Ln.
Carson City, NV 89701
2. Carson City: North Carson
4131 N. Carson St.
Carson City, NV 89706
3. Carson City: Carson High School
1111 N. Saliman Rd.
Carson City, NV 89701
4. Reno: South
6745 Sierra Center Pkwy.
Reno, NV 89511
5. Sparks: Spanish Springs
1101 Los Altos Pkwy.
Sparks, NV 89436
6. Dayton
Address
555 Old US Highway 50
Dayton, NV 89403
7. Ely
1008 Veteran’s Blvd.
Ely, NV 89301
8. West Wendover
900 Alpine St.
West Wendover, NV 89883
9. Minden
1545 US Highway 395 N.
Minden, NV 89423
10. Reno: Northwest
5150 Mae Anne Ave., Suite 203
Reno, NV 89523
11. Elko
Located inside the Walmart Super Center
2944 Mountain City Hwy
Elko, NV 89801
12. Reno: Golden Valley
1095 N. Hills Blvd.
Reno, NV 89506
13. Reno: University Branch
1385 N. Virginia St., Suite 105
Reno, NV 89503
14. Fernley
1510 E. Newlands Rd.
Fernley, NV 89408
Routing Number of the Greater Nevada Credit Union
The routing number of the Greater Nevada Credit Union is 321280143.
Working Hours of the Greater Nevada Credit Union
The Hours of Operation at the Greater Nevada Credit Union branches are as follows:
1. Carson City: Eagle Station
Lobby Hours
Mon. – Fri.: 9:00 AM – 5:30 PM
Saturday: 9:00 AM – 2:00 PM
ITM Hours
Mon. – Fri.: 7:00 AM – 7:00 PM
Saturday: 9:00 AM – 5:00 PM
2. Carson City: North Carson
Lobby Hours
Mon. – Fri.: 9:00 AM – 5:30 PM
Saturday: 9:00 AM – 2:00 PM
ITM Hours
Mon. – Fri.: 7:00 AM – 7:00 PM
Saturday: 9:00 AM – 5:00 PM
Drive-Up Hours
Mon. – Fri.: 9:00 AM – 6:00 PM
Saturday: 9:00 AM – 2:00 PM
3. Carson City: Carson High School
Lobby Hours
Mon. – Fri.: 8:30 AM – 1:15 PM
ITM Hours
ITM service is currently not available at this branch.
4. Reno: South
Lobby Hours
Mon. – Fri.: 9:00 AM – 5:30 PM
Saturday: 9:00 AM – 2:00 PM
ITM Hours
ITM service is coming soon!
Drive-Up Hours
Mon. – Fri.: 9:00 AM – 6:00 PM
Saturday: 9:00 AM – 2:00 PM
5. Sparks: Spanish Springs
Lobby Hours
Mon. – Fri.: 9:00 AM – 5:30 PM
Saturday: 9:00 AM – 2:00 PM
ITM Hours
Mon. – Fri.: 7:00 AM – 7:00 PM
Saturday: 9:00 AM – 5:00 PM
6. Dayton
Lobby Hours
Mon. – Fri.: 9:00 AM – 5:30 PM
Saturday: 9:00 AM – 2:00 PM
ITM Hours
ITM service is coming soon!
Drive-Up Hours
Mon. – Fri.: 9:00 AM – 6:00 PM
Saturday: 9:00 AM – 2:00 PM
7. Ely
Lobby Hours
Mon. – Fri.: 10:00 AM – 5:30 PM
ITM Hours
ITM service is currently not available at this branch.
Drive-Up Hours
Mon. – Fri.: 9:00 AM – 6:00 PM
8. West Wendover
Lobby Hours
Mon. – Fri.: 10:00 AM – 5:00 PM
ITM Hours
ITM service is currently not available at this branch.
Drive-Up Hours
Mon. – Fri.: 9:00 AM – 5:00 PM
9. Minden
Lobby Hours
Mon. – Fri.: 9:00 AM – 5:30 PM
Saturday: 9:00 AM – 2:00 PM
ITM Hours
ITM service is currently not available at this branch.
Drive-Up Hours
Mon. – Fri.: 9:00 AM – 6:00 PM
Saturday: 9:00 AM – 2:00 PM
10. Reno: Northwest
Lobby Hours
Mon. – Fri.: 9:00 AM – 6:00 PM
Saturday: 10:00 AM – 3:00 PM
ITM Hours
ITM service is currently not available at this branch.
11. Elko
Lobby Hours
Mon. – Fri.: 9:00 AM – 6:00 PM
Saturday: 9:00 AM – 3:00 PM
ITM Hours
ITM service is currently not available at this branch.
12. Reno: Golden Valley
Lobby Hours
Mon. – Fri.: 9:00 AM – 6:00 PM
Saturday: 10:00 AM – 3:00 PM
ITM Hours
ITM service is currently not available at this branch.
13. Reno: University Branch
Lobby Hours
Mon. – Fri.: 8:30 AM – 5:30 PM
ITM Hours
Mon. – Fri.: 7:00 AM – 7:00 PM
Saturday: 9:00 AM – 5:00 PM
14. Fernley
Lobby Hours
Mon. – Fri.: 9:00 AM – 5:30 PM
Saturday: 9:00 AM – 2:00 PM
ITM Hours
Mon. – Fri.: 7:00 AM – 7:00 PM
Saturday: 9:00 AM – 5:00 PM
Financial Statements of the Greater Nevada Credit Union
The condition of Greater Nevada Credit Union (GNCU) continues to be balanced and financially strong. In fact, Greater Nevada Credit Union completed another record-setting year in which total assets grew to $965 million, an increase of $87 million from 2017.
Since 2010, Greater Nevada’s assets have more than doubled in extent. Deposits from members increased by $85 million and ended the year at $833 million.
Membership also inflated and finished 2018 at a record high of more than 68,600.
During 2018, Greater Nevada Credit Union and its affiliates funded over $728 million in combined consumer, real estate and commercial loans.
It is a sheet indication of how members and clients rely on Greater Nevada’s expertise, award-winning service and extremely competitive pricing to help them meet their credit needs.
As a result, total outstanding loans to members surged to more than $670 million at the end of the year, an increase of 18% from 2017.
Inspite, of the fast-paced growth on its balance sheet, GNCU still managed to significantly increase its most important safety and soundness measurement, as its net worth/assets ratio grew to a year-end record high of 10.43%.
That capital level exceeds the regulatory definition of “well capitalized” by nearly 50%.
The financial strength and stability of Greater Nevada Credit Union is further evidenced by the fact that auditors, examiners and independent ratings firms continued to give the institution high grades for safety and soundness.
Achievements of the Greater Nevada Credit Union
A number of accolades were received by the Greater Nevada Credit Union in the year 2018. Notable among them are:
- Greater Nevada Credit Union bagged the first place in the ‘Best Credit Union’ and ‘Best Bank’ categories in Reno News & Review’s Best of Northern Nevada 2019.
- Greater Nevada, which encompasses Greater Nevada Credit Union, Greater Nevada Mortgage and Greater Commercial Lending employees, was a Best Places to Work Finalist in the extra-large company category.
- BauerFinancial, Inc., the nation’s premier bank and credit Union rating firm, announced that Greater Nevada Credit Union has once again been awarded its highest (5-Star) rating for financial strength and stability.
- Greater Nevada Credit Union (GNCU) was named the National Lender of the Year by the United States Department of Agriculture (USDA), third year in a row. It was wholeheartedly due to the efforts of GNCU’s subsidiary, Greater Commercial Lending.
- Greater Nevada Credit Union was voted as the best in Carson Valley.
New Products and Services of the Greater Nevada Credit Union
A number of exclusive services are launched by the Greater Nevada Credit Union for the purpose of making life easier for the members’, like:
- Brand new consumer and business credit card options with low rates, security features, rewards programs, and access to credit scores
- Adulatory financial seminars throughout the year by Greater Nevada Financial ServicesUpdates to the GNCU mobile banking app for improved navigation and log-in options such as touch ID and facial recognition
- A new student loan program is purchasable to cover up to 100% of certified college education costs plus the option to consolidate existing loans into a lower payment and/or lower interest rate loan
- New Interactive Teller Machines (ITMs) are launched that provide the option of ATM functionality or speaking with a video member service representative
- A new merchant service option for business members is made available to provide faster support, more competitive pricing, and significantly more payment solutions
Community Involvement of the Greater Nevada Credit Union
Throughout the year, Greater Nevada Credit Union and its employees helped advocate for a variety of causes and organizations.
Following are some of the activities by which, Greater Nevada Credit Union helped in more people live greater, through community involvement :
- Bestowed 60,000 in scholarships to student members throughout Nevada
- Provided assistance for the Luna Rocks and Meet a Meteorite program presented by the Carson City Library
- Organised a send-off party at the Reno Tahoe International Airport for Special Olympics Nevada athletes headed for the Special Olympics USA Games in Seattle, WA
- Manifested “A Bite of Reality” financial education to 150 teens in Elko as part of the Soroptimist International of Elko “Dream It, Be It” event
- Came forward to help make the holidays brighter for those in need through the Reno Initiative for Shelter and Equality and Northern Nevada HOPES
- Adjudicated as judges at Carson High School’s Shark Tank competition; GNCU also has an educational branch at the high school
- Collaborated with the Reno Aces to celebrate the Community Partners Program, which raised $61,000 through participating organizations plus another $13,000 donated directly by GNCU
Subsidiaries of the Greater Nevada Credit Union
Greater Nevada Credit Union works in collaboration with its subsidiaries to achieve the aim of “people helping people.”. The main subsidiaries are as follows:
Greater Commercial Lending
Greater Commercial Lending (GCL) is Greater Nevada Credit Union’s wholly owned business lending arm.
Formed in December 2017, Greater Commercial Lending (GCL) hit the ground running in 2018 by obligation of the largest loan in the history of the United States Department of Agriculture’s (USDA) Biorefinery, Renewable Chemical, and the Bio based Product Manufacturing Assistance Program.
The loan pledge was made to Ryze Renewables Reno, LLC.
GCL was responsible for the nearly $344 million in loans during its first full year of existence to companies in Nevada and across the nation.
The aforementioned generated business capital helped to create and preserve nearly 1,200 jobs within the U.S. economy with a direct annual wage impact of more than $66 million, further spreading our passion “To Help More People Live Greater” well beyond the borders of Nevada.
Due to GCL’s accomplishments, GNCU was named as the National Lender of the Year by the United States Department of Agriculture (USDA) for the third year in a row.
The award was presented at the NRLA Annual Conference in Washington D.C.
Greater Nevada Mortgage
Greater Nevada Mortgage (GNM), the wholly owned home lending subsidiary of GNCU,. In January 2018, GNM announced the launch of multiple new jumbo loan products for homebuyers in Nevada and California who need to finance larger loan amounts.
A few months later, GNM launched a new down payment assistance loan program to offer California homebuyers affordable options for purchasing their first home.
GNM originated loans to over 1,200 borrowers during the year, totaling $206 million. That was a surge from $189 million in 2017.
GNM’s ability to provide funding for home purchases as well as refinancing for existing homeowners at competitive rates with lower fees is testimony of the value the company consistently delivers to consumers.
Furthermore, the GNM philosophy of locally servicing the majority of its loans resulted in a growing mortgage servicing portfolio that rose to a record peak of $724 million, an increase of $17 million over 2017.
GNM was conferred with the 2017 International Service Excellence Award in the Small Business category by the Customer Service Institute of America (CSIA) in March 2018.
The judging criteria was based on the International Customer Service Standard, a framework of 27 attributes designed to assist organizations in delivering consistently high levels of service.
