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.
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