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It’s Feel Good Friday! We love our members! #FeelGoodFriday Read More September 22, 2017
The NCET Expo is about to begin! Join us and so many great companies at... Read More September 22, 2017
Don’t forget! The NCET Expo is tomorrow at the Atlantis Casino! See you there. Read More September 21, 2017
Don’t forget! The Budgeting Seminar is TONIGHT at 5:30pm. You can still RSVP at GreatBasin.org Read More September 21, 2017
When you miss Game of Thrones… Read More September 20, 2017
Our next seminar on “Buying a Building for Your Business” is coming up soon! Don’t... Read More September 19, 2017
Welcome! Darryl and Andy have joined the Great Basin Federal Credit Union Volunteer Board of... Read More September 19, 2017
Welcome Associate Board Members, Darryl and Andy! September 19, 2017

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Don’t forget to donate these much needed items at any of our three branches to... Read More September 18, 2017
Free Shred Day is a go! 11-1 at our S. Virginia Branch today. Read More September 18, 2017

Featured

Welcome Associate Board Members, Darryl and Andy!

two board members

Darryl and Andy have joined the Great Basin Federal Credit Union Volunteer Board of Directors as Associate Board Members.

Darryl Van DornDarryl Van Dorn has extensive history with Credit Union products and services, with 29 years as a member of Schools First Federal Credit Union (formerly Orange County Teachers FCU). Darryl graduated from California Polytechnic State University with a Bachelor of Science in Economics. He has lived in Reno for 14 years and currently works for Sierra Nevada Corporation as a Program Manager for Corporate Initiatives. He has extensive history working in a compliance role for U.S. Government business activity supporting the Defense Contract Administration Agency (DCMA), Defense Contract Audit Agency (DCAA) and the Federal Acquisition Regulations (FAR).

He is active in his community, currently acting as Committee Chairman for a local Boy Scouts of America troop, leading the high adventure outdoor activities for the troop, and supporting local youth sports organizations. Other community service experience includes his time as a Peace Corps Volunteer for the U.S. Department of State (fun fact: he learned French and other local languages!).

He is excited for an opportunity to serve a community based organization, and benefit from the personal growth opportunity afforded by this experience. 

 

Andy EcheitaAndy Echeita is a first generation Basque, native Nevadan, born in Reno and a lifelong resident of Sparks. He attended Sparks schools, graduated from Sparks High School, and attended University of Nevada Reno. He is married (Laurie) for 34 years and has two children; Jess who is 21 and attending UNR and Truckee Meadows Community College; Michonne who is 18, just graduated from Bishop Manogue Catholic High School and preparing for college at Utah State University in Logan, Utah. He has worked for the City of Sparks for over 33 years. He is a Capital Projects Coordinator and his job involves construction coordination for capital projects and development projects. He has managed many projects in his career including the redevelopment of downtown, the water fountain, and some phases of the marina park. In his off time he enjoys the outdoors, whether it’s skiing, fishing, hunting, camping or riding desert roads on his Razor UTV.

In his tenure with the City of Sparks, he was fortunate to be involved with the Sparks City Employees FCU. He volunteered for over 20 years. He started on the Credit Committee, chaired the Credit Committee, served on the Board of Directors, and was the Chairman of the Board. He worked with Great Basin FCU in the merger with Sparks City Employees FCU as Chairman of the Board, which was very educational (yet stressful at times). Working with Great Basin FCU staff made the transition very smooth. Today the members from Sparks FCU have more exciting benefits that would not be possible with Sparks Employees FCU. He took some years off after this merger and believes now is a time he would like to get involved once again.

Denoo selected as next President/CEO

Jennifer denoo

Dear Members, 

On behalf of the Board of Directors, I am happy to announce that Jennifer Denoo has been selected as the next President/CEO of Great Basin Federal Credit Union.

After 22 years of service, current President/CEO, Dennis Flannigan, has announced that he will be retiring in 2018. We congratulate Dennis on his exceptional career and leadership as CEO of our credit union.

Great Basin has a long history of offering high quality service, value, and a fair and honest experience to our loyal community, so it was important to us to have a solid plan for the future of our credit union. The Board of Directors worked very thoughtfully over the last year with an industry expert to ensure due diligence was given to this vital leadership transition. 

Jennifer Denoo has over 23 years of experience working with our members, our team, and within our community. Formerly the Chief Operations Officer, she has significant experience and financial understanding to continue our long history of success. Jennifer is a true leader amongst her colleagues and listens to the needs of our members. We look forward to the positive impact she will have on our credit union. Jennifer became President, effective June 5, 2017 and will work with Dennis until his retirement in January 2018 whereupon she will assume all President/CEO duties.

As members of this cooperative, we’re continually appreciative that you also chose Great Basin as your financial institution. As a Board, we have the best interest of all members in mind and we’re confident that this decision is gainful for us all. Please join us in congratulating Jennifer!

Best regards,
Jan Gilbert
Board of Directors Chair

 

Read the Press Release here or Learn more about Jennifer in this video.

The DOL’s Fiduciary Duty Rule

laptop, phone and notepad

This is something you may already be aware of, the Department of Labor’s (DOL) Fiduciary Duty Rule or “Conflict of Interest” Rule, which applies to IRAs and retirement accounts subject to the Employee Retirement Income Security Act (ERISA). In February, the President issued a directive to the DOL requiring it to re-analyze the Rule to ensure that it does not adversely impact how Americans like you can receive financial advice. To facilitate this review, the DOL decided to roll back the implementation date from April 10 to June 9, and also determined that certain elements of the Rule would not go into effect until January 1, 2018.

I applaud the DOL’s delay to assess if further amendments to the Rule are warranted and to determine if certain requirements of the Rule should be further postponed. I am also encouraged that the DOL is actively calling for the Securities and Exchange Commission (SEC) to be part of the ongoing evaluation, and that the SEC has issued its own request for comments. My ultimate hope is that this process will benefit consumers and advisors alike in creating a fiduciary standard that applies equally to all investment advice and is also easy to understand.

As your financial advisor, I greatly support the goal of investor protection for all investor assets, not just retirement savings. [OPTIONAL for ADVISORY CLIENTS: Because you have entered into an advisory agreement with me, you know that I am required to act in a fiduciary capacity as a result of that agreement.] I strive to do what is in the best interests of my clients in every interaction and firmly believe all financial advisors should do the same. To that end, I wholeheartedly support appropriate regulation and full transparency for investors, and I take the responsibility of complying with regulations from several agencies, and that of providing financial advice to you, very seriously.

As the various elements of the Rule went into effect on June 9, you can expect that you may receive additional disclosures or other information, or that I may ask you for some additional information that will be required under the new Rule during the coming months as we discuss your investments. For the most part, this will simply be business as usual and I will let you know of any impact to you and your accounts. Please rest assured that as always, your best interests are my primary concern and the highest focus of our business relationship.

Thank you for allowing me the privilege of helping you achieve your financial goals. Please don’t hesitate to reach out to me if you have any questions.

Sincerely,

Steve Lindquist

 
Steve Lindquist 
stevelindquist@peakfns.com 
Financial Consultant
9600 S McCarran Blvd
Reno, NV 89523 
(775) 789-3140
Registered representative offering securities through Cetera Advisor Networks LLC (doing insurance business in CA as CFGAN Insurance Agency), member FINRA/SIPC.  Cetera is not affiliated with any other named entity. CA Insurance License #0G30574
Investments are not deposits; not NCUSIF insured; and not insured by any federal government agency.  No credit union guarantee.  May lose value.
 
Investors should consider the investment objectives, risks, charges and expenses associated with municipal fund securities before investing. This information is found in the issuer’s official statement and should be read carefully before investing.
Investors should also consider whether the investor’s or beneficiary’s home state offers any state tax or other benefits available only from that state’s 529 Plan. Any state-based benefit should be one of many appropriately weighted factors in making an investment decision. The investor should consult their financial or tax advisor before investing in any state’s 529 Plan.

Pack the Pak!

pack the pak for housed and healthy program ad, kid with backpack on

Northern Nevada Credit Union Chapter is partnering with Northern Nevada HOPES’ Housed and Healthy Program

The Housed and Healthy program is designed to incentivize individuals experiencing homelessness to access various healthcare and case management services at HOPES.

This program will help bridge the gaps between the streets and permanent housing by engaging highly service-resistant individuals in HOPES’ care. When they are ready to take that next step, they will already be comfortable working with HOPES to take control of their health.

How can you help?

Each Great Basin Federal Credit Union branch is collecting items for the Citipak for the month of September.

Items welcome for donation include:

  • Socks
  • Refillable water bottles
  • Chap stick/lip balm
  • Sunscreen
  • Hand and foot warmers
  • Disposable razors
  • Shaving Cream
  • Deoderant
  • Combs/Brushes (new)
  • Soap
  • Shampoo
  • Cleansing wipes
  • Non-perishable food items
  • Bus passes
  • Female hygiene products
  • Grocery gift cards

For more information on the program, please visit the Northern Nevada HOPES’ website.

The Beloved Brett

a congratulations to our employee brett

Meet our beloved Brettine, some of you might know her as Brett. We are thrilled to congratulate her on her 20 year anniversary with Great Basin Federal Credit Union! 

When we asked Brett to take a minute out of her busy day as Training Manager to tell us all a little about herself, her first response was, “It’s been one helluva ride! Lol!”

  • Last song that came on your iPod:  How Does a Moment Last Forever by Celine Dion – I love the words to this song.
  • Where do you see yourself in 10 years: With my husband. Traveling the United States and learning our nation’s history, up close and personal.
  • Favorite part about working at Great Basin: I have grown close to my family at GBFCU, they helped me through some milestones in my life and I love them for being them.

Brett’s boss, Jennifer, had this to say about her: “Brettine is one of a kind. Her dedication to her team and those she trains is simply inspiring. Brett has a heart of gold and anybody lucky enough to work with her will feel her compassion and support within minutes of being in her presence. Great Basin hit the lottery 20 years ago when we found Brett!”

Aren’t we all lucky to have a gal like Brett!

Congratulations to her on this accomplishment! Thank you for 20 great years. Here’s to many more!