USUCU Fall 2018 Newsline Digital
UTAH BUSINESS Fall 2018 FAST 50 AWARD Goldenwest Credit Union, a leading provider of Among the Credit Union’s most innovative projects financial services in Utah, was recently honored as spurring its recent growth is the organization’s health one of Utah Business Fast 50 for 2018 (USU Credit insurance division. Union operates as a division of Goldenwest). Each “While providing our members with significant year the publication names Utah’s 50 fastest growing savings on their insurance, many business owners COMPETING FOR YOUR DEPOSITS companies based on revenue data that is analyzed asked if Goldenwest could help them get better rates for year-over-year growth for the past five years. on group health insurance plans,” continued Wahlen. If you have been paying any attention at all to the financial markets, you know “We have been fortunate to have our hard work result “After careful thought and consideration, Goldenwest there has been remarkable change in just the last 12 months. Savings rates in many successful achievements for Goldenwest,” acquired Salt Lake City-based healthcare insurance languished at all-time lows for many years. Borrowing rates also remained at stated Kerry H. Wahlen, Goldenwest President/CEO. brokerage, Benefit Management Services. With this historical lows, meaning incentives to borrowers and disincentives to savers. “In 2012, Goldenwest operated 17 branches, served brokerage, re-named Goldenwest Financial Services All of that has changed. 84,000 members, and held $800 million in assets. Six dba Goldenwest Health Insurance, Goldenwest years later, our organization operates 39 branches, has added more than 60 clients with group plans Elasticity (or perhaps inelasticity) in the financial markets appears to have serves 135,000 members, and holds $1.5 billion in for health, dental, vision, life and accidental death reached an inflection point and credit unions, banks, and all depository assets.
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