CARSON CITY – Greater Nevada Credit Union recently launched of a wholly owned commercial lending subsidiary called Greater Commercial Lending, the credit union announced Jan. 8.

Wally Murray, GNCU president/CEO will also serve as president/CEO of the new company. Jeremy Gilpin, previously GNCU’s vice president of commercial services, will serve as the executive vice president of Greater Commercial Lending.

Greater Commercial Lending is an expansion of GNCU’s nationally recognized commercial services department. The new company will provide lending services to businesses in Nevada and across the United States in sectors such as energy, community facilities, industrial, mining, commercial and export lending.

“The creation of Greater Commercial Lending will position us to fill these types of lending needs even more effectively in the future,” Murray said. “We can apply our expertise in commercial originating and servicing to expand the number of companies we can assist, increase the number of jobs we can help create and save, and better partner with other governmental programs and lenders.”

The nonprofit full-service financial institution’s new commercial lending company is the third wholly owned subsidiary of Greater Nevada Credit Union, which also owns Greater Nevada Mortgage and Greater Nevada Insurance.

Greater Nevada is headquartered in Carson City and has been serving Nevadans since 1949. The credit union serves more than 64,000 consumers and small businesses and has more than $820 million in assets. The Elko branch of the credit union is in the Walmart Super Center. Other branches are located in Carson City, Dayton, Ely, Minden, Reno, Sparks, West Wendover and Southern Nevada.

For more information about Greater Nevada Credit Union, visit gncu.org or call 775-882-2060.

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