Dec, 31, 2022 — SILVER STATE SCHOOLS CREDIT UNION is a non-federally insured state credit union headquartered in LAS VEGAS, NV with 10 branch locations and about $1.12 billion in total assets. Opened 72 years ago in 1951, SILVER STATE SCHOOLS CREDIT UNION has about 58,792 members and employs 176 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SILVER STATE SCHOOLS CREDIT UNION |
|---|---|
| Address: (Main Office) | 630 Trade Center Dr LAS VEGAS, NV 89119-3712 |
| Phone: | (702) 733-8820 |
| Fax: | |
| Website: | https://www.silverstatecu.com |
| Branches: | 10 branch locations |
| Members: | 58,792 |
| Credit Union Type: | Non-Federally Insured State Credit Union |
| Charter Number: | 97085 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1951 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,117,154,277 |
| CEO/Manager: | Scott Arkills |
| Chairperson: | Mitchell Fox |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 89,021,627 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 331,308,160 |
| Unsecured Loans | 67,107,103 |
| Other Loans | 333,177,441 |
| TOTAL LOANS | 731,616,763 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,244,000 |
| Land And Building | 10,379,602 |
| Other Fixed Assets | 11,993,528 |
| NCUSIF Deposit | 0 |
| All Other Assets | 47,106 |
| TOTAL ASSETS | 1,117,154,277 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,068,967 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 246,175,860 |
| Regular shares | 469,081,458 |
| All Other Shares & Deposits | 323,715,598 |
| TOTAL SHARES & DEPOSITS | 1,038,972,916 |
| TOTAL LIABILITIES | 1,055,041,883 |
| Regular Reserve | 0 |
| Other Reserves | -46,728,163 |
| Undivided Earnings | 108,840,557 |
| TOTAL EQUITY | 62,112,394 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,117,154,277 |
| INCOME & EXPENSE | |
| Loan Income | 20,754,763 |
| Investment Income | 5,135,149 |
| Other Income | 5,393,626 |
| Total Employee Compensation & Benefits | 11,501,948 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 13,556,745 |
| Non-operating Income & (Expense) | -930 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,070,923 |
| Cost of Funds | 2,779,748 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 7,765,557 |
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