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SILVER STATE SCHOOLS CREDIT UNION

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.


ABA Routing Number: 322484265
Name:SILVER STATE SCHOOLS CREDIT UNION
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
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

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
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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