Remaining true to its mission, Greater Nevada Credit Union responds to aid Nevada companies, employees and organizations unable to receive vital services elsewhere. In an effort to offer more traditional banking services to a rapidly growing, cash-based industry, Greater Nevada Credit Union is supporting cannabis-related businesses (CRBs) through its suite of banking … [Read more...] about Greater Nevada Expands Banking Support for Cannabis-Related Businesses
Wally Murray
Credit UnionsDiversifying Loan Activity
Credit unions are becoming an increasingly important source of loans for small businesses, a development that’s particularly welcome to credit union executives vexed by the need to put massive flows of new deposits to profitable use. At the middle of this year, small business loans at the 15 credit unions headquartered in Nevada stood at $640 million, a 63 percent increase from … [Read more...] about Credit Unions
Credit UnionsCommunity Banking
As banks continue to consolidate and grow as national corporations, credit unions likewise continue to provide financial connections to local communities. Clark County Credit Union President and CEO Matt Kershaw said the philosophy of “people helping people” has propelled state-charted credit unions to be the largest group of locally-owned financial institutions in Nevada. … [Read more...] about Credit Unions
Nevada’s Credit Unions Experience Growth
Despite new and ongoing challenges, Nevada’s credit unions are experiencing an upswing in membership and activity. Of the state’s 17 credit unions, the nine in Northern Nevada attained a record high membership of 112,347 by adding 3,973 individuals between the fourth quarters of 2014 and 2015, the most recent period for which Nevada Credit Union League (NCUL) data is … [Read more...] about Nevada’s Credit Unions Experience Growth
Industry Focus: Credit Unions
Strengthened by a collaborative spirit, credit unions that have made it through the recession work to provide quality services for their members. Recently, Nevada executives in this industry met at the offices of Clark County Credit Union to discuss the trends and challenges facing their industry. Connie Brennan, publisher and CEO of Nevada Business Magazine, served as … [Read more...] about Industry Focus: Credit Unions