Grand County Credit Union looking to open Green River location soon
by Jeff Richards
Contributing Writer
Nov 06, 2014 | 11599 views | 0 0 comments | 1129 1129 recommendations | email to a friend | print
Grand County Credit Union
Grand County Credit Union employees and board members pose during the Green River Melon Days parade in September, where they were named the event’s grand marshals. Courtesy photo
Grand County Credit Union employees and board members pose during the Green River Melon Days parade in September, where they were named the event’s grand marshals. Courtesy photo
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Bastian
Bastian
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Ever since Key Bank closed its branch in Green River in June, residents of that community have been left without a financial institution. But the Grand County Credit Union (GCCU) will soon be alleviating the situation.

According to GCCU president and CEO Sam Crane, the Grand County Credit Union is in the process of purchasing the former Key Bank building at 45 E. Main in Green River. Crane said the facility is expected to become the credit union’s second location soon.

“Right now, we’re shooting for mid-December,” Crane said of the targeted opening date. “We are in the process of finalizing the purchase, and we’re going to do some repainting and remodeling before we are ready to open.”

Crane said Mistie Bastian of Green River, who formerly managed the Key Bank branch, has already been hired to oversee the new GCCU branch.

“She’s been working with us here in Moab, learning our system,” he said, adding that the new GCCU Green River branch is expected to start with a staff of three employees.

Not having a bank or credit union in town has proven difficult for Green River residents and businesses over the past few months, Crane said. Numerous businesses have had to make daily runs to either Price or Moab to make deposits and conduct other transactions, he said.

“They were so excited to have us come to their community that they made us the grand marshals of the Melon Days parade,” Crane added, noting that he was joined by fellow GCCU staffers and board members at the community event last month.

Crane said that Green River’s mayor and other city officials had contacted GCCU when Key Bank’s departure became imminent, asking if they would consider opening a branch. Because the city of Green River lies outside the credit union’s operating area (Grand and San Juan counties), the credit union had to obtain permission from the state to expand its operations. That permission has been granted, and GCCU is now poised to move ahead with what will be its biggest change since opening its new office at 725 North Main Street more than eight years ago. The GCCU itself has been operating in Moab since 1957.

Crane thanked the community members for their ongoing support of the credit union.

Another related item of note is that the Grand County Credit Union recently received an award for having the fastest loan growth in the nation, among smaller credit unions, over the past two years. Crane said GCCU received the award from the Utah League of Credit Unions at a meeting held in Park City on Sept. 19.

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