Dec, 31, 2020 — SIERRA PACIFIC FEDERAL CREDIT UNION is a federal credit union headquartered in RENO, NV with 5 branch locations and about $156.44 million in total assets. Opened 85 years ago in 1936, SIERRA PACIFIC FEDERAL CREDIT UNION has about 9,923 members and employs 22 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SIERRA PACIFIC FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO BOX 10100 RENO, NV 89511 |
| Phone: | (775) 834-4579 |
| Fax: | (775) 834-3272 |
| Website: | http://www.sierrapacificfcu.org |
| Branches: | 5 branch locations |
| Members: | 9,923 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1000 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Jun 01, 2020 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $156,438,617 |
| CEO/Manager: | Jim Hunting |
| Chairperson: | Douglas E Gapp |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 28,818,869 |
| TOTAL INVESTMENTS | 38,387,683 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 11,825,558 |
| Unsecured Loans | 4,590,631 |
| Other Loans | 69,114,089 |
| TOTAL LOANS | 85,530,278 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -737,538 |
| Land And Building | 0 |
| Other Fixed Assets | 196,217 |
| NCUSIF Deposit | 1,201,493 |
| All Other Assets | 3,041,615 |
| TOTAL ASSETS | 156,438,617 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,017,103 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,226,479 |
| Regular shares | 55,231,956 |
| All Other Shares & Deposits | 61,093,983 |
| TOTAL SHARES & DEPOSITS | 137,552,418 |
| TOTAL LIABILITIES | 138,569,521 |
| Regular Reserve | 1,015,190 |
| Other Reserves | 1,531,198 |
| Undivided Earnings | 15,322,708 |
| TOTAL EQUITY | 17,869,096 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 156,438,617 |
| INCOME & EXPENSE | |
| Loan Income | 3,837,268 |
| Investment Income | 989,079 |
| Other Income | 762,375 |
| Total Employee Compensation & Benefits | 1,708,275 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,201,671 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 377,000 |
| Cost of Funds | 339,521 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 962,255 |
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