The $251 million Granite Federal Credit Union of Salt Lake City has completed a merger of $20 million Salt Lake Schools Credit Union. Granite also named its new president/CEO.
Lynn Kuehne, former executive vice president of the Utah League of Credit Unions and the former CEO of Utah First CU, now heads up Granite FCU. During his long league tenure, Kuehne created the trade group's CU Service Center Network. Kuehne replaces Curt Doman, who retired last month.
The merger will create a nine-branch CU serving 34,000 members. Salt Lake Schools was founded in 1953 by teachers in the Salt Lake School district. Granite was also founded by teachers in 1935.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.