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SILVER STATE SCHOOLS CREDIT UNION

Mar, 31, 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 $1.06 billion in total assets. Opened 70 years ago in 1951, SILVER STATE SCHOOLS CREDIT UNION has about 56,104 members and employs 186 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:56,104
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:$1,056,087,067
CEO/Manager:Scott Arkills
Chairperson:Teresa Yeoman

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Commercial Loans
  • Indirect Consumer Loans
  • Indirect Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 279,176,401
TOTAL INVESTMENTS 149,956,323
Loans Held for Sale 5,443,400
 
 Real Estate Loans 322,167,175
 Unsecured Loans 19,008,936
 Other Loans 236,296,822
 TOTAL LOANS 577,472,933
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -3,524,000
 Land And Building 10,568,650
 Other Fixed Assets 6,341,644
 NCUSIF Deposit 0
 All Other Assets 30,651,716
  TOTAL ASSETS 1,056,087,067
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 5,000,000
 Accounts Payable & Other Liabilities 10,192,075
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 230,237,433
 Regular shares 394,394,727
 All Other Shares & Deposits 333,135,846
  TOTAL SHARES & DEPOSITS 957,768,006
  TOTAL LIABILITIES 972,960,081
 Regular Reserve 74,486,076
 Other Reserves -11,689,377
 Undivided Earnings 20,330,287
  TOTAL EQUITY 83,126,986
  TOTAL LIABILITIES, SHARES, & EQUITY 1,056,087,067
INCOME & EXPENSE  
 Loan Income 6,323,453
 Investment Income 218,170
 Other Income 1,577,413
 Total Employee Compensation & Benefits 3,664,742
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,381,859
 Non-operating Income & (Expense) 207,864
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 193,199
 Cost of Funds 880,213
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 2,599,890
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