Gibbons and Reed Employees Credit Union (Utah)

Gibbons and Reed Employees Credit Union is a small, occupational federal credit union based in Salt Lake City, Utah. Founded to serve the employees of Gibbons & Reed construction company, the credit union continues to operate as a member-owned financial cooperative focused on helping its members prosper financially. With approximately 1,094 members and $6.7 million in total assets as of Q3 2025, this credit union maintains its original mission of providing an alternative financial avenue where members not only own the organization but also have a voice in its management through annual elections.

The credit union operates on the fundamental principle that loans are made to members using savings deposited by fellow members, with interest paid on loans covering expenses, maintaining capital reserves, and returning dividends to members.