Business


Business Checking

Business Checking

Eligibility

Members who qualify for membership at Granite Credit Union can also open a business account that they own or if they are an officer of the company or corporation. Review eligibility requirements here.

Save on fees with a Credit Union Business Account

Benefits of a business account at Granite Credit Union:

  • Since we cater to small business, you’ll generally save big on fees.
  • Federally insured to at least $250,000 by the NCUSIF.
  • We’re locally controlled and are here to help your business succeed.

Call 801-288-3000 or toll free 1-888-428-8326 for more information.

Order New Checks

Contact our Check Printer

Our check printer, Harland Clarke, makes ordering new checks fairly easy. Whether you need checks for personal or business use, you’ll find a variety of styles to choose from.

What you’ll need:

  • Granite’s Routing # 324078721
  • Your Account #

How to order

  • Call 1-800-275-1053
  • Order online by clicking below.

Opening Requirements

Sole Proprietorship (DBA)

Items needed:

  • Social Security Number
  • Business registered with the Department of Commerce
  • Business License
  • 2 valid forms with one being US Government issued

Partnership

Items needed:

  • Social Security Number of one of the partners
  • Business registered with the Department of Commerce
  • Business License
  • Partnership Agreement
  • 2 valid forms with one being US Government issued for both partners

Limited Liability Company (LLC)

Items needed:

  • Tax ID
  • Business registered with the Department of Commerce
  • Business License
  • Articles of Organization listing all owners & Operating Agreement
  • 2 valid forms with one being US Government issued for all owners

Corporation

  • Tax ID
  • Business registered with the Department of Commerce
  • Business License
  • Articles of Corporation listing all officers & Corporation Bylaws.
  • 2 valid forms with one being US Government issued for all officers

Business Savings

Business Savings Accounts

Eligibility

Members who qualify for membership at Granite Credit Union can also open a business account that they own or if they are an officer of the company or corporation. Review eligibility requirements here.

Get Better Rates at your Credit Union

Benefits of a business savings account at Granite Credit Union:

  • We have great rates.
  • Federally insured to at least $250,000 by the NCUSIF.
  • We’re locally controlled and are here to help your business succeed.

Our Best Savings Products for Businesses

Money Market Accounts

  • Open with a deposit of $2500 or more and earn a higher interest rate than a regular savings account.
  • Your savings is available when you need it without penalty.
  • Accumulate savings in a Money Market Account in order to make a large purchase or investment.
  • Dividends are calculated on the Daily Balance and compounded and paid monthly.

Savings Certificates

  • Federally insured to at least $250,000 by the National Credit Union Insurance Fund.
    • No risk of losing your principal.
  • Get started with as little as $500.
  • Terms from 6 months to 7 years.

Business Retirement Plans

Simplified Employee Pension

A Simplified Employee Pension (SEP) plan is a type of retirement plan which allows you, the employer, to provide an important benefit to your employees. Help your employees prepare for their retirement through an SEP.

An “employer” may be a sole proprietor, partnership, or corporation. Amounts you contribute for your employees under a SEP plan are deposited into your employee’s traditional IRA.

To learn more about a SEP by contacting an IRA at 801-288-3000 or toll free 1-888-428-8326 for more information.

Savings Certificate Rates

Regular and IRA Certificates - Term
Minimum BalanceDividend RateAPY
Effective Date - 5/1/2018
12 months$5001.74%1.75%
18 months*$5001.83%1.85%
24 months$5002.08%2.10%
36 months$5002.23%2.25%
48 months$5002.47%2.50%
60 months$5003.15%3.20%
*18 month certificates available to Alumni members (age 55+) at the 24 month rate published above.
APY is Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Certificate dividends are compounded and credited monthly. Minimum balance requirements apply to average daily balance (amount of principal in account each day).
Penalties may be imposed for early withdrawals. The penalty is 90 days dividends on a term of 12 months or less, 180 days of dividends on terms of more than 12 months but less than 48 months and 365 days of dividends on terms 48 months or more.

Savings Rates

Account Type
Minimum BalanceDividend RateAPY
Effective Date - 5/1/2018
Regular Shares/Savings$0.01.10%.10%
Christmas Savings$0.01.10%.10%
IRA (Individual Retirement Account) and HSA (Health Savings Accounts)$0.01.20%.20%
IRA and HSA $5000.20%.20%
IRA and HSA$20000
.25%.25%
Money Market Account (MMA)$25.10%.10%
MMA$2,500.15%.15%
MMA$10,000.15%.15%
MMA$25,000.20%.20%
MMA$50,000.20%.20%
MMA$100,000.25%.25%
MMA$250,000.25%.25%
APY is Annual Percentage Yield. This rate schedule states rates applicable to specified accounts. Dividends are compounded and credited monthly. *Minimum balance requirements apply to average daily balance (amount of principal in account each day). **All savings rates are variable, this means the dividend rate and annual percentage yield may change at any time as determined by the Board of Directors.

Business Loans and Other Business Products

Commercial Real Estate Lending

Loans for Your Business

Save big on interest and closing costs with a Commercial Business Loan at Granite Credit Union. We cater to Small Businesses.

Benefits of a Commercial Real Estate Loan at Granite Credit Union:

  • We have great rates.
  • We keep closing costs at a minimum.
  • We’re an Equal Housing Lender.
  • We’re locally controlled and your loan will be processed and approved locally.

VISA Credit Cards

You’ll get the same great rate and service as our personal VISA Credit Cards. See VISA Credit Cards for more info.

VISA Debit Cards

See VISA Debit Cards for more info.

1st Mortgages Loans

Loan Term
TypeInterest RateAPROrigination Fee
Effective Date - 5/1/2018
30 YearsFHA3.50%4.29%0.00%
30 YearsConventional4.00%4.098%0.00%
30 Years*7/1 ARM3.50%3.586%1.00%
APR is Annual Percentage Rate. APRs are estimated on a $200,000 loan amount with 80% loan-to-value.
*Call for Current Rates. Your rate may vary based on your credit score. Rates are subject to change based on market conditions and without notice.

worldpay

Accepting Payment is Fast, Secure & Easy With Worldpay

Debit and Credit Card Transactions

If your business needs to accept VISA debit and credit cards, Granite Credit Union has teamed up with Worldpay to effectively, easily and securely handle these transactions.

Call a representative today.

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