Dec, 31, 2023 — GREATER NEVADA CREDIT UNION is a federally insured state chartered credit union headquartered in CARSON CITY, NV with 17 branch locations and about $1.78 billion in total assets. Opened 75 years ago in 1949, GREATER NEVADA CREDIT UNION has about 88,042 members and employs 372 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GREATER NEVADA CREDIT UNION |
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Address: (Main Office) | 451 Eagle Station Ln CARSON CITY, NV 89701 |
Phone: | (775) 882-2060 |
Fax: | (775) 884-5353 |
Website: | https://www.gncu.org |
Branches: | 17 branch locations |
Members: | 88,042 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68228 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1949 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,778,945,544 |
CEO/Manager: | Daniel A DeLaRosa |
Chairperson: | Robert Joiner |
ASSETS: | $ Amount |
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Cash & Equivalents | 109,317,780 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 14,049,160 |
Real Estate Loans | 701,961,438 |
Unsecured Loans | 25,753,113 |
Other Loans | 580,766,449 |
TOTAL LOANS | 1,312,357,147 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -16,142,919 |
Land And Building | 41,663,147 |
Other Fixed Assets | 18,333,830 |
NCUSIF Deposit | 14,024,164 |
All Other Assets | 919,442 |
TOTAL ASSETS | 1,778,945,544 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 420,131 |
Accounts Payable & Other Liabilities | 36,118,621 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 516,652,248 |
Regular shares | 438,928,518 |
All Other Shares & Deposits | 678,448,226 |
TOTAL SHARES & DEPOSITS | 1,634,028,993 |
TOTAL LIABILITIES | 1,670,567,745 |
Regular Reserve | 0 |
Other Reserves | 10,668,604 |
Undivided Earnings | 97,709,195 |
TOTAL EQUITY | 108,377,799 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,778,945,544 |
INCOME & EXPENSE | |
Loan Income | 59,674,270 |
Investment Income | 8,925,479 |
Other Income | 13,741,200 |
Total Employee Compensation & Benefits | 34,773,404 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 48,732,684 |
Non-operating Income & (Expense) | -4,162,505 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,879,600 |
Cost of Funds | 21,750,379 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | -10,585,288 |
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» See also Statement of Financial Condition