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CU System
Great Basin FCU to close Sparks branch
RENO, Nev. (3/18/09)--Reno-based Great Basin FCU, which has four branches, will close one on April 15. The branch, located at a shopping center in Sparks, is two miles from a Sparks Crossing branch that opened last year. The credit union said that,--coupled with projected slow growth--contributed to the decision (RGJ.com March 16). The credit union told members in a letter that its current size and expectations of minimal growth due to a declining loan demand mean closing the branch as soon as possible so it could maintain the best rates and free structure for members, said the article. Members who used the branch can use the branch's ATM until further notice. The branch operated for nearly two decades. Two employees will be let go, while others will be relocated. The credit union emphasized that it remains financially strong, well-capitalized and continues making sound and thoughtful decisions to ensure success.


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