For 90 years, Granite Credit Union has been deeply rooted in the Millcreek community, providing financial services and supporting local initiatives. With its headquarters in Millcreek, the credit union continues to invest in the area, ensuring residents and businesses have access to essential financial resources.
Granite Credit Union’s commitment to Millcreek is more than financial—it’s about community involvement. Vice President of Business Development Mary Woodard emphasizes this dedication: “We are deeply committed to giving back to the community through various initiatives and programs. Millcreek City is a great partner, and we are proud to sponsor their Venture Out Program and Multicultural Nights. These events allow us to engage with the community and provide financial education.”
Beyond event sponsorships, Granite Credit Union actively supports the Millcreek Promise Program, which focuses on education, health, and economic opportunities for all residents. This investment in the community reflects the credit union’s broader mission to serve and uplift those in need.
Marketing Director Spencer Carver highlights the credit union’s historical connection to the area: “Our roots stem from the Granite School District, which has always been in this vicinity. It made sense to continue investing in the community where we started.”
Granite Credit Union offers services tailored to support community members at every stage of their financial journey. One of its newest initiatives is the Young Investor product, designed for individuals aged 0-26. "We pay a higher interest on their first $1,000 in that savings account to help empower our youth to save more." Woodard explains. “It’s a great way to encourage financial literacy from an early age.”
For those looking to achieve homeownership, the credit union provides a First-Time Home Buyer program. Additionally, they offer business loans that have helped numerous local businesses survive and thrive, particularly during the COVID-19 pandemic. “Many businesses in this community were able to survive as a result of our partnership,” says Carver. “The Payment Protection Program (PPP) loans we provided allowed them to weather the storm and emerge stronger.”
Granite Credit Union’s mission statement—“Always There so You Can Make Life Happen”—is reflected in its efforts to serve underserved populations. Many residents, including refugees, struggle with financial literacy and are vulnerable to predatory financial practices. To combat this, the credit union has launched ITIN lending (Individual Tax Identification Number loans) and earned the Juntos Avanzamos designation, which signifies their commitment to providing inclusive financial services. “We are the first credit union in Salt Lake County to receive this designation,” Carver proudly notes.
In addition to lending programs, Granite Credit Union actively promotes financial education through initiatives such as the Money Club for junior high students and an adult financial literacy program. “We’ve seen great success with these programs, helping individuals build and improve their credit and work towards homeownership,” explains Woodard.
While many people associate credit unions with basic checking and savings accounts, Granite Credit Union offers a comprehensive suite of financial services. “We provide mortgage products, business loans, and technology that makes managing money more accessible,” Carver explains. “We also offer free seminars and financial advisors for our members.”
Ultimately, Granite Credit Union wants to be a resource for the Millcreek community in every facet of their financial lives. Whether through educational initiatives, homeownership assistance, or business support, they continue investing in the people who make Millcreek a thriving and vibrant community.
GRANITE CREDIT UNION | @granitecu | https://www.granite.org/
Always There... So You Can Make Life Happen
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