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SILVER STATE SCHOOLS CREDIT UNION

Jun, 30, 2021 — SILVER STATE SCHOOLS CREDIT UNION is a non-federally insured state credit union headquartered in Las Vegas, NV with 10 branch locations and about $1.08 billion in total assets. Opened 70 years ago in 1951, SILVER STATE SCHOOLS CREDIT UNION has about 56,468 members and employs 182 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:56,468
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,084,500,007
CEO/Manager:Scott Arkills
Chairperson:Teresa Yeoman

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 180,870,842
TOTAL INVESTMENTS 233,677,375
Loans Held for Sale 1,312,675
 
 Real Estate Loans 344,254,409
 Unsecured Loans 45,587,515
 Other Loans 231,979,736
 TOTAL LOANS 621,821,660
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,420,000
 Land And Building 10,514,454
 Other Fixed Assets 6,233,951
 NCUSIF Deposit 0
 All Other Assets 33,489,050
  TOTAL ASSETS 1,084,500,007
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 11,733,957
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 233,833,493
 Regular shares 413,591,495
 All Other Shares & Deposits 341,083,256
  TOTAL SHARES & DEPOSITS 988,508,244
  TOTAL LIABILITIES 1,000,242,201
 Regular Reserve 74,486,076
 Other Reserves -12,375,696
 Undivided Earnings 22,147,426
  TOTAL EQUITY 84,257,806
  TOTAL LIABILITIES, SHARES, & EQUITY 1,084,500,007
INCOME & EXPENSE  
 Loan Income 12,284,892
 Investment Income 793,970
 Other Income 3,152,702
 Total Employee Compensation & Benefits 7,275,527
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 8,976,523
 Non-operating Income & (Expense) 207,864
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 151,495
 Cost of Funds 1,756,086
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 4,417,029
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