Dec, 31, 2023 — SILVER STATE SCHOOLS CREDIT UNION is a non-federally insured state credit union headquartered in LAS VEGAS, NV with 10 branch locations and about $1.14 billion in total assets. Opened 73 years ago in 1951, SILVER STATE SCHOOLS CREDIT UNION has about 63,449 members and employs 195 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SILVER STATE SCHOOLS CREDIT UNION |
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Address: (Main Office) | 630 Trade Center Dr LAS VEGAS, NV 89119-3712 |
Phone: | (702) 733-8820 |
Fax: | |
Website: | https://www.silverstatecu.com |
Branches: | 10 branch locations |
Members: | 63,449 |
Credit Union Type: | Non-Federally Insured State Credit Union |
Charter Number: | 97085 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1951 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,139,471,025 |
CEO/Manager: | Scott Arkills |
Chairperson: | Mitchell Fox |
ASSETS: | $ Amount |
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Cash & Equivalents | 38,823,910 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 321,887,645 |
Unsecured Loans | 66,238,907 |
Other Loans | 457,596,473 |
TOTAL LOANS | 845,729,568 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,237,552 |
Land And Building | 10,132,341 |
Other Fixed Assets | 10,203,920 |
NCUSIF Deposit | 0 |
All Other Assets | 239,187 |
TOTAL ASSETS | 1,139,471,025 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 17,321,191 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 233,479,048 |
Regular shares | 394,970,839 |
All Other Shares & Deposits | 417,841,854 |
TOTAL SHARES & DEPOSITS | 1,046,291,741 |
TOTAL LIABILITIES | 1,063,627,000 |
Regular Reserve | 0 |
Other Reserves | -37,221,784 |
Undivided Earnings | 113,065,809 |
TOTAL EQUITY | 75,844,025 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,139,471,025 |
INCOME & EXPENSE | |
Loan Income | 39,369,677 |
Investment Income | 5,315,071 |
Other Income | 7,255,594 |
Total Employee Compensation & Benefits | 16,584,305 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 19,214,358 |
Non-operating Income & (Expense) | -1,197 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,048,547 |
Cost of Funds | 11,312,903 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 7,118,715 |
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