Mar, 31, 2021 — SIERRA PACIFIC FEDERAL CREDIT UNION is a federal credit union headquartered in RENO, NV with 5 branch locations and about $167.47 million in total assets. Opened 85 years ago in 1936, SIERRA PACIFIC FEDERAL CREDIT UNION has about 10,005 members and employs 21 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: | 10,005 |
| 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: | $167,472,498 |
| CEO/Manager: | Jim Hunting |
| Chairperson: | Douglas E Gapp |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 39,399,627 |
| TOTAL INVESTMENTS | 36,268,255 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 14,459,389 |
| Unsecured Loans | 3,906,227 |
| Other Loans | 69,709,029 |
| TOTAL LOANS | 88,074,645 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -707,156 |
| Land And Building | 0 |
| Other Fixed Assets | 175,667 |
| NCUSIF Deposit | 1,201,493 |
| All Other Assets | 3,059,967 |
| TOTAL ASSETS | 167,472,498 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,248,654 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,214,659 |
| Regular shares | 58,209,855 |
| All Other Shares & Deposits | 66,573,707 |
| TOTAL SHARES & DEPOSITS | 147,998,221 |
| TOTAL LIABILITIES | 149,246,875 |
| Regular Reserve | 1,015,190 |
| Other Reserves | 1,489,921 |
| Undivided Earnings | 15,720,512 |
| TOTAL EQUITY | 18,225,623 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 167,472,498 |
| INCOME & EXPENSE | |
| Loan Income | 1,005,640 |
| Investment Income | 210,858 |
| Other Income | 166,608 |
| Total Employee Compensation & Benefits | 411,989 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 514,781 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 20,000 |
| Cost of Funds | 79,265 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 397,802 |
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