Mar, 31, 2022 — SIERRA PACIFIC FEDERAL CREDIT UNION is a federal credit union headquartered in RENO, NV with 5 branch locations and about $178.60 million in total assets. Opened 86 years ago in 1936, SIERRA PACIFIC FEDERAL CREDIT UNION has about 10,177 members and employs 20 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) | 6100 Neil Rd Ste 150 RENO, NV 89511 |
| Phone: | (775) 834-4579 |
| Fax: | (775) 834-3272 |
| Website: | http://www.sierrapacificfcu.org |
| Branches: | 5 branch locations |
| Members: | 10,177 |
| 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, 2021 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $178,604,964 |
| CEO/Manager: | Jim Hunting |
| Chairperson: | Matthew A Helmers |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 52,875,636 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 19,956,943 |
| Unsecured Loans | 3,366,384 |
| Other Loans | 72,230,334 |
| TOTAL LOANS | 95,553,661 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -619,560 |
| Land And Building | 0 |
| Other Fixed Assets | 97,984 |
| NCUSIF Deposit | 1,426,468 |
| All Other Assets | 44,448 |
| TOTAL ASSETS | 178,604,964 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 1,338,115 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 23,414,597 |
| Regular shares | 62,042,111 |
| All Other Shares & Deposits | 72,982,307 |
| TOTAL SHARES & DEPOSITS | 158,439,015 |
| TOTAL LIABILITIES | 159,777,130 |
| Regular Reserve | 0 |
| Other Reserves | 1,734,654 |
| Undivided Earnings | 17,093,180 |
| TOTAL EQUITY | 18,827,834 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 178,604,964 |
| INCOME & EXPENSE | |
| Loan Income | 1,056,058 |
| Investment Income | 158,225 |
| Other Income | 170,734 |
| Total Employee Compensation & Benefits | 440,309 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 581,685 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -100,000 |
| Cost of Funds | 71,559 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 431,177 |
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