Every June, Granite Credit Union calls a staff meeting and gives each employee $500 to “say thank you for the exceptional efforts,” explained Vice President of Human Resources Mark Young. In April 2017, the credit union set a new loans record.
“Essentially, the $500 per employee represented the amount in income over budget for one month due to the enormous amount of loans in April,” said Young. “Our goal is to share our success and for employees to know exactly how they contribute to that success.”
Granite Credit Union ranked No. 23 in the Best Credit Unions to Work For 2017 and was ranked No. 5 in its asset category (credit unions with more than $200 million but less than $500 million in assets).
The credit union recently added a wellness program to address areas of potential stress in employees’ lives. Programs are geared toward physical, mental, community, financial and career wellness, explained Young.
“We introduced a program to match employee’s physical wellness costs up to $100 a year. We match community donations to charitable organizations of the employee’s choice up to $250 a year,” said Young. “We also introduced financial online tools through Dave Ramsey’s SmartDollar program at no cost to our employees. Employee response to these programs has been fantastic.”
Employees also have the opportunity to visit “Lynn’s Lunch & Roundtable.” Around noon on select days, five or six employees break bread with their CEO.
“Employees have an opportunity to ask any question and provide feedback to the CEO, Lynn Kuehne,” said Young. “Lynn has taken employee questions and feedback seriously implementing changes or education as needed,” said Young.
Founded in 1935, Salt Lake City-based Granite Credit Union supports 100 employees across eight branches and serves more than 31,000 members with $433 million in assets.