Sep, 30, 2025 — ELKO FEDERAL CREDIT UNION is a federal credit union headquartered in ELKO, NV with 2 branch locations and about $319.83 million in total assets. Opened 66 years ago in 1960, ELKO FEDERAL CREDIT UNION has about 18,391 members and employs 51 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ELKO FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 2397 Mountain City Hwy ELKO, NV 89801 |
| Phone: | (775) 738-4083 |
| Fax: | (775) 738-2582 |
| Website: | https://www.efcu.org |
| Branches: | 2 branch locations |
| Members: | 18,391 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 13800 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1960 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $319,828,161 |
| CEO/Manager: | Todd D Sorenson |
| Chairperson: | Thomas C Ballew |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 54,499,626 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 123,755,294 |
| Unsecured Loans | 4,282,968 |
| Other Loans | 91,477,376 |
| TOTAL LOANS | 219,515,638 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -454,983 |
| Land And Building | 7,495,406 |
| Other Fixed Assets | 1,408,919 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 2,440,602 |
| All Other Assets | 0 |
| TOTAL ASSETS | 319,828,161 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 524,484 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 60,664,640 |
| Regular shares | 128,245,210 |
| All Other Shares & Deposits | 87,319,091 |
| TOTAL SHARES & DEPOSITS | 276,228,941 |
| TOTAL LIABILITIES | 276,753,978 |
| Regular Reserve | 0 |
| Other Reserves | 65,583 |
| Undivided Earnings | 43,008,600 |
| TOTAL EQUITY | 43,074,183 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 319,828,161 |
| INCOME & EXPENSE | |
| Loan Income | 9,947,846 |
| Investment Income | 2,535,989 |
| Other Income | 1,330,373 |
| Total Employee Compensation & Benefits | 3,062,487 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,796,446 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 114,278 |
| Cost of Funds | 2,769,551 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,557,974 |
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