Member Services

Fraud Alerts and Prevention

Protect Yourself

Frauds and scams are becoming more sophisticated, elaborate and technologically advanced. The best defense is to educate yourself to these threats and guard your personal information carefully.

Scam Prevention Tips:

  • Buy some time: In an emergency, it’s natural to act before you have time to think. It’s no coincidence that many scams are designed to encourage an immediate reaction, before you have a chance to spot any red flags. Allow yourself to take a minute to assess a situation, even if it seems urgent.
  • Use the address bar: Get in the habit of visiting websites directly instead of following links contained in emails. It takes only a few extra seconds and helps you be more mindful about your online activity.
  • Cross-reference: It’s perfectly reasonable to verify the identity of the person or business you’re in contact with. Use a means outside of the original communication, like doing a separate web search or returning a call through a publicly listed number.

Report Abuse

If you believe you’ve been targeted by a scammer, please contact us at to or call 801-288-3000 or toll free 1-888-(GCU-TEAM).

Travelers Checks and Gift Cards

Gift card wrapped like a christmas package with red bow and ribbon

Travelers Checks and Gift Cards can be a safe alternative to cash when traveling and Granite offers both!

Travelers Checks:

  • American Express Travelers Checks (free to members)
  • American Express Travelers Checks for two (1% of purchase price)

VISA Gift Cards

  • Visa Gift Cards ($3.00/card)
  • Visa Travel Cards – Reloadable ($5.00/new card $2.00/reload)

Debt Management and Financial Counseling

Debt Management & Financial Counseling

If the bills are starting to pile up, a chat with a counselor can help you review your options and determine a structured repayment plan. We have many resources available to help you navigate whatever financial challenges or opportunities arise. Give us a call, come visit us or check out the helpful links below.

It’s a Money Thing Academy

  • A Credit Union sponsored financial learning center. Learn to navigate all types of financial waters with fun and informative courses. Learn more.

AAA Fair Credit Foundation  1-800-351-4195

  • A local non-profit financial counseling service offering workshops, events and classes on financial coaching, debt management, budgeting and more.


  • A Utah State University Cooperative with helpful tools for budgeting, saving, debt management and more. Check out
Young man losing all his money flying in the wind out of his wallet.

Wire Transfer Services

Wiring Money?

Granite Can Help!

Need to send or receive money with another financial institution? Granite can help!

Sending Money:

You can easily and securely send money to another financial institution. Here’s what you’ll need:

Receiving Money:

Having funds transferred into your Granite account is just as easy. You’ll just need to provide the sender the following information:

  • Wire Processor:
    • Alloya FCU ABA# 271987635
    • 4450 Weaver Parkway, Warrenville, IL
  • Beneficiary:
    • 2nd Granite Credit Union ABA# 324078721
    • 3675 South 900 East, Salt Lake City, UT

Income Wiring Instructions

The following form is used to give wiring instructions to other Financial Institutions in order to wire money to your account at Granite Credit Union. You’ll also need your member account number from the bottom of your check.

 Download Incoming Wire Instructions

Payment Transfers from Checking Account at Other Financial Institutions

The following form is used to authorize Granite Credit Union to initiate transfers from other financial institutions. The origination is processed one business day before the effective date.

Download ACH Debit Authorization Form

Dollar folded into an airplane flying cross country.

Wire Transfer Agreement – Complete one time to authorize 1st time and subsequent domestic and/or international wires.

Domestic Wire Form – For each subsequent domestic wire transfer –

International Wire Form – For each subsequent international wire transfer –

Financial Glossary

For those that don’t “google.”

– A –

Allowance – an amount of money parents give kids to help them learn to manage money. The amount is usually given weekly. Sometimes an allowance is tied to completing responsibilities -; household chores or jobs for the family.

Annual Percentage Rate (APR) – the rate of interest (in terms of a percent, such as 8.75%) being charged for a loan over a year’s time. The APR rate includes interest, transaction fees, and service fees.

Appreciate – to grow in value. Usually a term used in relation to investments: stocks, collectibles, etc., which are now worth more than you paid for them.

Asset – any item of value that you own: house, land, gems, stocks, bonds, money in savings, etc.

ATM – These letters stand for Automatic Teller Machine. This is an electronic machine that enables people to take care of Credit Union business 24 hours a day, 7 days a week. You can deposit and withdraw money, pay loans, etc., at most ATMs.


– B –

Balance – 1) In talking about loans, the balance is the difference between the amount owed and the amount paid. If you pay $45 on a $100 debt, your balance is $55. 2) In talking about checkbooks, balancing means to account for all money that came into and went out of your account, so that at the end of the month you and your Credit Union statement agree. 3) In talking about savings, your balance is what is left in your savings account after you deposit or withdraw money.

Bankruptcy – a state of being in so much debt that you are legally declared unable to pay in full the people and companies you owe. When you legally declare yourself bankrupt in some states, you must sell off all your possessions and pay off your debts as best you can.

Blue Chip Stock – a name given to the stocks of major corporations, like IBM and General Motors. The name is derived from the most highly valued poker chip, the blue chip.

Bond – an IOU issued by a corporation or government that confirms you are lending the corporation or government money. Bonds pay interest regularly to lenders. At the end of the term of the bond, the borrower returns to the lender the face value of the bond (the amount the lender invested in the bond).

Broker – a licensed professional who advises people about investments; also helps people buy and sell stocks, bonds, mutual funds, etc. The broker earns a fee for this help, called a commission, usually a percentage of the transaction.

Budget – a plan you create for controlling spending and encouraging saving.


– C –

Certificate of Deposit – a type of investment that requires you to invest money for a certain length of time and guarantees the same rate of return (interest) for that entire time. CDs usually require a minimum deposit.

Charge – to borrow money (from a store, service provider, or credit card company) to make a purchase. If you do not pay the debt off in full within the card issuer’s grace period (usually 25-28 days), you will pay interest on the amount you owe.

Check register – (sometimes called a check ledger). This booklet is usually kept in your checkbook, and you use it to keep track of all the deposits, withdrawals, and checks you write. After you write each in your register, you subtract or add the amount to your checking account balance. If you keep your register up-to-date, you will always know how much money you have in your checking account.

Collectibles – objects such as art, jewelry, baseball cards, and antiques that people buy in the hope that the objects’ value will increase.

Commodities – raw materials -; such as oil, wheat, soybeans, pork, or gold -you buy. In buying commodities you are hoping that the price will rise, so that you can sell the commodity for a profit.

Compound Interest – interest on an investment, like a savings account, that is calculated not only on the money you originally invested, but also on any interest the investment has already earned.

Corporation – the most common form of organizing a business -; the organization’s total worth is divided into shares of stock, and each share represents a unit of ownership and is sold to stock holders. A corporation is considered a separate entity from the stockholders for legal and tax purposes. Examples of corporations: Pepsi Cola, Intel, The Gap.

Credit – a loan that enables people to buy something now and to pay for it in the future.

Credit Limit – the highest amount you may charge on a credit card. Your limit is set by your card company’s opinion of your ability to handle debt.

Credit History – a record of your borrowing and paying habits. Credit reporting companies track your history and supply this information to credit card companies, credit unions, and other lenders.

Credit Rating – Credit agencies are companies that keep track of how you pay your debts (bills). Do you pay on time? Do you make the required payments? When you want to borrow money from a Credit Union or apply for a credit card, the Credit Union or the credit card company will ask a credit agency to rate you. Lenders want to know if you are a reliable bill payer before they approve your loan or credit card.


– D –

Debit Card – This plastic card looks like a credit card, but it is used to withdraw money from a savings or checking account. When you use a debit card at Automatic Teller Machines or in stores to make purchases, money is immediately withdrawn from your account. You cannot withdraw more money than you have in the account.

Debt – money or goods you owe.

Deposit – to put money into a Credit Union or investment account.

Diversify – to spread out the money you invest into different types of investments: bonds, stocks, CDs, mutual funds, etc. The idea is to avoid putting all your eggs in one basket. Different kinds of investments do well in different kinds of economic climates. Therefore, if one of your investments drops in value, the other kinds of investments should hold or increase their value.

Dividend – a payment made by a company to a stockholder to share in the company’s profits.

Discount – to reduce from an original price or an item’s full worth.


– E –

Earned Income – wages paid in exchange for work.

Entrepreneur – a person who assumes the risk to start a business with the idea of making a profit.

Expenses – things you pay money for – both needs and wants.


– F –

Finance Charge – the fee you pay when you do not pay off the entire credit card debt within a single payment period, usually about 25-28 days.

Fixed – not changing. Fixed interest rates never change during the time of the investment or loan.

Fixed Expenses – expenses which stay basically the same from month to month, such as housing and transportation.


– G –

Grace Period – the time, usually about 25-28 days, which you have to pay a bill or a loan in full. If you pay within the grace period, you do not have to pay a finance charge.


– I –

Income Tax – money that wage earners pay the government to run the country. The amount of the tax depends upon how much you earn.

Insufficient Funds – a phrase that means you did not have enough money to cover an expense. Usually checks that bounce are returned stamped with the phrase, “insufficient funds.” The amount of the check was larger than the balance in the checking account.

Insure – to protect yourself from loss. You pay premiums (payments) to an insurance company who, in turn, agrees to pay for losses to your property (house, car, jewelry, etc.) or your person (in case of injury). You can buy insurance that protects you even when you cause a loss to other people. For example, you cause a car accident.

Insured Savings – accounts that are insured up to $250,000 by NCUA. Credit Union are insured by NCUA or another insurance company, so your money in Credit Union accounts is insured.

Interest – the amount paid by a borrower to a lender for the privilege of borrowing the money.

Interest Rate – the price paid for the use of someone else’s money expressed as an annual percentage rate, such as 6.5%.

Invest – to put your money into CDs, money market accounts, mutual funds, savings accounts, bonds, stocks or objects that you hope will grow in value and earn you more money.


– L –

Lien – a right given to a lender over a borrower’s property or money when the borrower cannot pay a debt.

Liquidity  – how quickly an asset (any item of value that you own) can be turned into cash. In other words, you don’t have to wait until a certain date or pay a penalty to withdraw your money.

Loan – money or an object that is lent, usually with the understanding that the loan will be paid back, usually with interest.


– M –

Minimum Payment – the smallest amount you are required to pay a lender each month on a debt.

Money Market Account – a savings account offered by a Credit Union (or a mutual fund). The account typically requires 1) a minimum deposit and 2) that you maintain a minimum balance. The account invests in certificates of deposit and treasury bills and pays a rate of interest that rises and falls with the economy.

Mutual Fund – a savings fund that uses cash from a pool of savers to buy a wide range of securities, like stocks, bonds, and real estate. This is a way to diversify your investments because you own small units of each of the fund’s investments. The fund is managed by professionals and permits small amounts of money to be invested.


– O –

Opportunity Cost – the next best alternative that is given up when a choice is made.


– P –

Penny Stock – a nickname for extremely low priced stock, usually only a few dollars a share. These stocks are considered highly speculative, which is another way of saying highly risky. They are priced low because they have not yet proven themselves in the market.

Percentage – a way of measuring. The number 100 (which stands for the whole amount) is usually divided into 100 smaller, but equal, parts, each called a percent. So a percentage usually refers to a certain number of parts within the whole. Therefore, 6% is 6 units out of 100% (the whole). If you have invested $100, and you earn 8% interest on the money, you will earn 8 parts of the whole, or $8. A percentage explains a number in relation to the whole.

Profit – the money you’ve earned after you subtract a) any money you had to spend to make the product or perform the service. B) any taxes that had to be paid on your earnings.


– R –

Rate of Compounding – When an account compounds interest (figuring interest on interest already earned) it does so regularly. Compounding can take place annually, semi-annually, quarterly, monthly, or daily. The more often interest is compounded the faster your money will grow.

Real Estate – property in the form of land or buildings.

Return – the amount of money a saver receives from a savings account or fund. The return is usually talked about as a percentage, such as “This account returns 7.37%.”

Risk – the likelihood that you will lose money on an investment.

Rule of 72 – math formula that determines the number of years needed to double your money at a given interest rate. Here’s how it works: you divide 72 by the interest rate. Therefore, money invested at 10% interest rate will double in 7.2 years.


– S –

Save – hanging onto your money for a future use instead of spending it. Saving is the opposite of spending.

Savings Account – a Credit Union account that pays you interest for keeping your savings in it. Credit Unions use your money to make loans, so they pay you interest for the use of your money. Your savings is insured up to $250,000 by the FDIC, so you don’t have to worry about borrowers taking your money and not paying it back.

Scarcity – a lack of something, like money, natural resources, etc. Scarcity forces you to make choices about how you use or treat whatever is scarce.

Share – a unit of ownership in an investment or a company.

Shareholder – someone who owns stock in a company.

Social Security Tax – a tax used to fund a program of the US government that gives money to elderly people. The elderly receive funds because the federal government has deducted money from each of their paychecks during the course of their working lives. The money taken out of their paychecks has been deposited into the Social Security fund. Employers, too, deposited money to this fund on behalf of each employee. When people reach a certain age, they become eligible to receive Social Security payments. The government mails checks each month. These payments help the elderly live, now that they are no longer working full-time. The money they receive is drawn out of the Social Security fund, where it has been earning interest for many years.

Sole Proprietor – a business owned by a single person.

Splitting – to divide stock in order to lower its price so that more people will invest in it. In a two-to-one split, 100 shares of $70 per-share stock become 200 shares of $35 per-share stock. In a three-to-one split, 90 shares at $60 a share become 270 shares at $30 a share.

Standard of Living – the level of material well-being of an individual or group.

Stock – a certificate representing a share of ownership in a company.

Stock Market – an organized way for 1) people to buy and sell stocks and 2) corporations to raise money. There are three widely known stock exchanges: The New York Stock Exchange, the American Stock Exchange, and the National Association of Securities Dealers Automated Quotation System (you hear it called NASDAQ on the news).


– U –

Unearned Income – money you make that is not the result of your labor, such as interest from a savings account or other kind of investment.

U.S. Bond – a kind of investment in which you lend money to the government for a certain amount of time and at a certain interest rate. You are paid interest according to the terms of your bond. At the end of the agreed-on time, the borrower (the government) returns to you the amount you originally lent.


– V –

Variable Expenses – kinds of spending that can be controlled and typically change from month to month. For example, groceries can be a variable expense. You can choose to buy expensive food, (steak, lobster, lamb chops, or shrimp) or inexpensive food (chicken legs, turkey, hamburger). With variable expenses, you have choices.


– W –

Withdraw – to take money out of an account.


– Z –

Zero Coupon Bond – a security which the interest and/or principal has been discounted to be offered at less than the stipulated principal or coupon amount due at maturity or early option payment. These securities effectively behave like treasury bills or other paper offered at an original discount. Zero coupon bonds can have conversion factors and other features implicitly embedded or explicitly stated