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Business Spotlight: Hercules Credit Union

May 01, 2015 07:49AM, Published by City Journals Staff, Categories:



There’s no other way to say it: Hercules Credit Union is unique. Originally called Bacchus Plant Credit Union, it was organized to provide a fair return of interest on savings and low cost loans to its members. Beginning with only eight members and a small part-time staff, Hercules Credit Union has now grown to become a full-service financial institution with thousands of loyal members. 

Hercules is celebrating their 70th year of being in business. To find out how they have been successful for so long, one needs to look no further than their tradition of changing and expanding services as members’ needs grow and change. Hercules Credit Union is committed to helping their members improve their long-term financial success. The staff, directors and volunteers at Hercules Credit Union are all dedicated professionals who support and share the credit union philosophy of “people helping people.” The credit union’s customized programs are designed to help grow, protect,and conserve members’ wealth by delivering a high level of personalized service. 

“We are a full-service credit union, with products and services to fill all needs,” says Alan Slagowski, compliance and marketing associate for Hercules Credit Union. 

 Even though they are small, with their current location in Salt Lake City being the only one, Hercules Credit Union can compete with larger financial institutions in more ways than one. Currently, their standard, everyday auto loan rates are the lowest in the valley, starting at 2.49% APR, and they have consistently paid one of the highest dividend rates in the nation for many years. Not only do they offer sensational products and services, but Hercules Credit Union has a hometown feel. 

“All of our employees have been here for an average of 15 years,” explains Slagowski. “Because of that, we literally know every member who comes through the door, and we treat them like family.”

As today’s financial world becomes even more complex, why not plan for your future by investing in yourself? Visit Hercules Credit Union at 3141 West 4700 South in Salt Lake City, or give them a call at (801) 968-9011 to see what Hercules can do for you.     


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