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SILVER STATE SCHOOLS CREDIT UNION

Mar, 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 $1.14 billion in total assets. Opened 71 years ago in 1951, SILVER STATE SCHOOLS CREDIT UNION has about 56,689 members and employs 184 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322484265
Name:SILVER STATE SCHOOLS CREDIT UNION
Address:
(Main Office)
630 Trade Center Dr
LAS VEGAS, NV 89119-3712
Phone:(702) 733-8820
Fax:
Website:http://www.silverstatecu.com
Branches:10 branch locations
Members:56,689
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:$1,144,793,448
CEO/Manager:Scott Arkills
Chairperson:Mitchell Fox

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 173,469,269
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 346,128,430
 Unsecured Loans 68,809,177
 Other Loans 226,619,699
 TOTAL LOANS 641,572,503
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,978,000
 Land And Building 10,412,999
 Other Fixed Assets 12,682,614
 NCUSIF Deposit 0
 All Other Assets 286,787
  TOTAL ASSETS 1,144,793,448
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 15,733,797
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 253,564,457
 Regular shares 470,962,170
 All Other Shares & Deposits 329,882,056
  TOTAL SHARES & DEPOSITS 1,054,408,683
  TOTAL LIABILITIES 1,070,142,480
 Regular Reserve 0
 Other Reserves -28,300,457
 Undivided Earnings 102,951,425
  TOTAL EQUITY 74,650,968
  TOTAL LIABILITIES, SHARES, & EQUITY 1,144,793,448
INCOME & EXPENSE  
 Loan Income 6,325,965
 Investment Income 1,004,001
 Other Income 1,671,805
 Total Employee Compensation & Benefits 3,696,115
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,389,985
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 100,251
 Cost of Funds 572,142
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,876,425
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