Granite
Granite is a credit union based in Salt Lake City, Utah, established in 1986, with $917 million in total assets serving 40,620 members. By Trust Grade it ranks 39th of 52 credit unions we track in Utah. Its net worth ratio of 9.9% trails most similarly sized credit unions (29th percentile), versus a Utah median of 12.1%. It was profitable over the most recent period, with a 0.43% return on assets. No consumer complaints against Granite appear in the CFPB database over our analysis window — common for an institution of this size and a point in its favor.
How Granite compares to Utah peers
How we graded Granite
The Trust Grade blends financial strength with complaint history. Full methodology →
- Well-capitalized (9.9% capital ratio)
- Profitable (ROA 0.43%)
- No CFPB complaints on record
Consumer complaints (CFPB)
No CFPB complaints are on file for Granite over the analysis window. For a smaller institution this is common and counts in its favor.
Are deposits at Granite insured?
Yes. Granite is an NCUA-insured credit union. Deposits are federally insured up to $250,000per depositor, per ownership category — regardless of this institution's Trust Grade. The grade reflects financial strength and complaint history for comparison, not the safety of insured deposits.
Granite: frequently asked questions
Is Granite a good credit union?
Granite earns a Bankzia Trust Grade of B (86/100, "Strong"), based on a financial-strength score of 86/100 (it has no CFPB complaints on record). Well-capitalized (9.9% capital ratio); Profitable (ROA 0.43%).
Is Granite NCUA-insured?
Yes. Granite is a NCUA-insured credit union. Deposits are protected up to the standard NCUA limit of $250,000 per depositor, per ownership category.
How big is Granite?
Granite holds $917 million in total assets, ranking 39th of 52 credit unions we track in Utah. It serves 40,620 members.
Does Granite have CFPB complaints?
No CFPB complaints against Granite appear in our data over the analysis window, which is typical for a credit union of this size.
Similar Credit Unions
Financial data from NCUA call reports; complaint data from the CFPB Consumer Complaint Database. Bankzia is an independent resource and is not affiliated with any government agency or financial institution. Figures are for general information, not financial advice.
