Business of the Year
Nebo Credit Union
Nebo Credit Union has been named as the 2024 Business of the Year by the Springville-Mapleton Chamber of Commerce. The business was honored during the chamber’s Awards & Installation Banquet in February. Nebo Credit Union’s roots are in education, and the business continues that tradition today with ongoing acts of service benefiting local students and educators.
Founded in 1956, Nebo Credit Union was created by a group of Nebo School District employees who pooled their money together to promote a thrifty lifestyle and make small loans available to members. For a time, a teacher at Spanish Fork High School assisted credit union members in his classroom after school hours.
Since then, the credit union has grown to include three branch offices located in Springville, Spanish Fork and Payson, and it serves residents throughout Utah County. “We focus on the community at large, really. Providing service is really key to everything we do,” said Dale J. Phelps, president and CEO of Nebo Credit Union. “Every decision that we make, we ask the question: how will this decision impact members? We try to lay that template over all of our operating decisions.”
Phelps said Nebo Credit Union’s core values include integrity, respect, honesty and friendliness, and the business tries to incorporate those values into everything it does. “Those values are driven deep into what we’re trying to do,” Phelps said, who has worked for Nebo Credit Union since 1994.
Every spring, Nebo Credit Union awards five $1,000 scholarships to local high school students. Applications for the scholarships may be found at nebocreditunion.org.
Nebo Credit Union’s corporate office is located in Springville and the business has 42 employees. The credit union offers checking and savings accounts, CDs, loans (including consumer lending and home loans), credit and debit cards and online banking.
For more information about Nebo Credit Union, visit nebocreditunion.org.