Granite Credit Union: Accounts, Credit Cards, Loans, and Membership

Granite Credit Union Overview

Granite Credit Union was founded in 1935 by a group of educators who came together to organize a credit union for teachers in the Granite School District. It originally operated as Granite Teachers Credit Union.

Today, Granite is a full-service, member-owned financial institution headquartered in Millcreek with 12 branch locations. Its branches are concentrated across Salt Lake County, with additional locations in Davis County (Clearfield), Weber County (Ogden), and Utah County (Eagle Mountain). Granite is guided by a “people helping people” philosophy that emphasizes financial inclusion, including access to ITIN lending. 

Granite Credit Union is included in our guide of the Best Credit Unions in Utah.

Expansion

After it was founded in 1935, Granite Teachers Credit Union was open exclusively to teachers and administrative staff of the Granite School District. After its merger with Murray School District Credit Union, it adopted its current name, Granite Credit Union. In 2004, the credit union became a federal credit union, which expanded its field of membership even further. It later merged with Salt Lake Schools Credit Union in 2009. Today, Granite serves nearly 40,000 members and manages over $900 million in assets.

In 2023, Granite Credit Union received the Juntos Avanzamos designation, awarded to credit unions in the U.S. that have demonstrated a commitment to the financial inclusion of the Latino community. In 2024, in partnership with Rancho Markets, Granite Credit Union opened its first fully Spanish-language branch in Rose Park, Salt Lake City. This new branch offers financial services tailored to the Hispanic community, such as ITIN loans and everyday banking accounts.

Granite Credit Union Products and Services

Granite Credit Union offers checking and savings accounts, money market accounts, IRAs, and savings certificates (CD-style accounts). It also provides Visa debit cards, wire transfers, and digital services like online and mobile banking with bill pay. Granite offers a range of lending options including auto, personal, student, mortgage, and home equity loans. For business members, it also provides tools and services such as payment processing and business banking support.

granite.org | Spend Accounts

Granite Credit Union Checking Accounts

Granite Credit Union offers a small lineup of checking accounts designed for everyday spending, simpler account management, and dividend earnings for members who meet balance requirements.

Basic Spend

A straightforward everyday checking account for routine spending and deposits.

• Monthly fee: $0
• Minimum to open: $0

Simple Spend

A simplified checking option designed to help avoid common checking issues.

• Monthly fee: $0
• Minimum to open: $0

Dividend+

A dividend-earning checking account for members who meet the account requirements.

• Monthly fee: $0
• Dividends requirement: $500 direct deposit + online statements

Savings Accounts at Granite Credit Union

Granite Credit Union offers several savings options, from basic saving to higher-earning accounts, youth accounts, and certificates for longer-term goals. Account balances are insured by National Credit Union Administration (NCUA) up to $250,000. Below is a high-level overview—full details will be in the Granite Credit Union Savings Accounts post.

Savings Account

A standard savings account designed for everyday saving.

• Monthly fee: $0
• Dividend earnings: Yes

Money Market Account

A higher-earning savings-style option with easy access to funds.

• Monthly fee: $0
• Dividend earnings: Yes

Always Insured – ICS Money Market

A money market option designed for larger balances using the ICS program.

• Insurance coverage: Up to $25,000,000 (through ICS)
• Best for: Large-balance deposit protection

Savings Certificates

Granite’s savings certificates are term-based options designed for predictable growth over a fixed period.

Traditional Savings Certificate

A standard certificate option for saving toward future goals over a set term.

• Type: Term certificate
• Best for: Planned savings goals

IRA Certificate

A certificate option designed for retirement savings.

• Type: Retirement certificate
• Best for: IRA savings

Three-Month Penalty-Free Certificate

A short-term certificate designed for flexibility.

• Term: 3 months
• Early withdrawal penalty: None

Homebuyer Certificate

A certificate designed to help members save for a home down payment.

• Best for: Down payment savings
• Type: Goal-based certificate

Youth Accounts at Granite Credit Union

Granite offers youth options designed to help kids and teens build smart money habits early.

Smart Start Account (Ages 0–11)

A starter youth savings account for building early saving habits.

• Age range: 0–11
• Best for: Kids learning to save

On Course Teen Spend Account (Ages 12–17)

A teen-focused account designed to practice spending and money management.

• Age range: 12–17
• Includes: Debit card + digital access

First-Step Savings Certificate (Ages 0–17)

A youth certificate option designed to build savings over time.

• Age range: 0–17
• Type: Savings certificate

Credit Cards at Granite Credit Union

Granite Credit Union’s Visa cards share a few core benefits across the lineup:

• Annual fee: $0
• Protections: Zero Liability
• Coverage: Auto Rental Coverage
• Support: 24/7 customer care
• Controls: Card Suite Lite / mobile card controls

granite.org | Credit Cards

Low-Rate Visa

Best for members who want a lower-rate card for everyday use.

• Annual fee: $0
• Welcome bonus: None
• Intro offer: Not offered
• Rewards: None

Rewards Visa

Best for members who want to earn points on purchases.

• Annual fee: $0
• Welcome bonus: None
• Intro offer: Not offered
• Rewards: Earn points on purchases

Visa Signature Cashback

Best for members who want simple cash back.

• Annual fee: $0
• Welcome bonus: None
• Intro offer: Not offered
• Rewards: 1.5% cash back on everything

Loans

Personal Loans

Granite Credit Union personal loans are designed for flexible borrowing across common personal expenses.

• Common uses: Weddings, vacations, appliances, home repairs, medical or education costs
• Terms: 12–48 months

Auto Loans

Granite Credit Union auto loans are available for new or used vehicles, with potential savings for on-time payment history.

• Max term: Up to 84 months
• Potential discount: Rate reduction possible for every 3 months of on-time payments

Adventure Loans

Adventure Loans are designed for recreational vehicles and outdoor purchases.

• Examples: Boats, motorcycles, snowmobiles, and similar vehicles
• Use case: Financing for outdoor and recreation-related purchases

Mortgages

Conventional Mortgages

Granite Credit Union offers conventional mortgage options designed for home purchases.

• Best for: Buying a home with a standard mortgage
• Focus: Competitive rates and personalized service

Short-Term Mortgages

Short-term options designed for members who want to pay off a mortgage faster.

• Term range: 5–12 years
• Best for: Faster payoff strategy

HELOCs and Second Mortgages

Home equity options designed to use the value built in your home for other goals.

• Use cases: Home improvements or other financial needs
• Type: Home equity borrowing

Construction Loans

Loans designed to finance building a new home.

• Best for: New home construction
• Focus: Streamlined process and low closing costs

Reverse Mortgages

Designed for older homeowners who want to access home equity in a different way.

• Age requirement: 62+
• Key feature: Convert part of home value into income without monthly payments

For more information or to apply, you can visit a branch, apply online, or contact Granite Credit Union customer service.

Who Can Join Granite Credit Union?

Membership may be available through location, family, employers, or affiliated organizations.

• Counties: Salt Lake, Box Elder, Weber, Morgan, Davis, Summit, Tooele, Utah, Wasatch, Juab
• Family: Spouse, child, parent, sibling of a current member
• Employers: Works for a participating company
• Organizations: Member of an affiliated community group

To verify eligibility, visit a branch, check online, or contact Granite Credit Union customer service.

Conclusion

Founded in 1935 as Granite Teachers Credit Union, Granite Credit Union began as a teacher-focused credit union for the Granite School District and expanded as membership and services grew. After merging with Murray School District Credit Union, it adopted the name Granite Credit Union, and in 2004 it became a federal credit union, expanding its field of membership even further. Granite also continued to grow through mergers, including a merger with Salt Lake Schools Credit Union in 2009.

Today, Granite is headquartered in Millcreek and operates branches primarily across Salt Lake County, with additional locations in Davis County, Weber County, and Utah County. It offers a full range of financial products and services, including checking accounts, savings and money market options, youth accounts, savings certificates, credit cards, and a variety of loans—from personal and auto loans to mortgages and home equity options. In recent years, Granite has also emphasized financial inclusion, earning the Juntos Avanzamos designation in 2023 and opening a fully Spanish-language branch in Rose Park in 2024 in partnership with Rancho Markets, including services like ITIN lending.

Disclaimer:
This page is not affiliated with, maintained by, or sponsored by Granite Credit Union. The information provided in this overview may be outdated or inaccurate after the publication date. UtahFi does not assume responsibility for the accuracy of the content. The logo is a registered trademark of Granite Credit Union.