Greater Nevada Credit Union

Organization Overview

Greater Nevada Credit Union is located in Carson City, NV. The organization was established in 2016. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Greater Nevada Credit Union employed 444 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Nevada Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Greater Nevada Credit Union generated $96.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $78.1m during the year ending 12/2021. While expenses have increased by 11.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Greater Nevada Credit Union has awarded 31 individual grants totaling $1,041,610. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FINANCIAL SERVICES - BANKING ACTIVITIES, INCLUDING LOANS AND DEPOSITS. TOTAL MEMBERSHIP TO THE CREDIT UNION GREW TO 81,283 IN 2021, AN INCREASE OF 2,943 FOR THE YEAR. DURING 2021, THE CREDIT UNION AND ITS AFFILIATES FUNDED $192 MILLION IN CONSUMER LOANS.


MORTGAGE SERVICES - ORIGINATING, SELLING, AND SERVICING OF REAL ESTATE MORTGAGES. DURING 2021, THE CREDIT UNION FUNDED $349 MILLION IN MORTGAGE LOANS.


COMMERCIAL LENDING - ORIGINATING, SELLING, AND SERVICING OF COMMERCIAL LOANS. DURING 2021, THE CREDIT UNION FUNDED $353 MILLION IN COMMERCIAL LOANS.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Guaranteed Reviews
Loan Placement Reviews
$9,186,666
Element Group
Design Build Services
$833,020
Cook Solutions
Equipment Maintenance
$729,425
Thomas Financial
Loan Placement
$1,894,665
Fiserv
Core Processor Services
$3,467,140
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$92,874,818
Investment income $2,549,394
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $283,787
Net Gain/Loss on Asset Sales $458,780
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $96,680,282

Grants Awarded

Over the last fiscal year, Greater Nevada Credit Union has awarded $489,190 in support to 14 organizations.

Grant RecipientAmount

UNIVERSITY OF NEVADA RENO FOUNDATION

Org PageRecipient Profile

Reno, NV

PURPOSE: GENERAL SUPPORT

$190,000

Reno, NV

PURPOSE: GENERAL SUPPORT

$98,710

SPECIAL OLYMPICS NEVADA

Org PageRecipient Profile

Pleasant Hill, CA

PURPOSE: SPORTS EVENTS FOR PEOPLE WITH DISABILITIES

$57,500

WOLF PACK SPORTS PROPERTIES LLC

PURPOSE: SPONSORSHIP OF THE WOLF PACK ATHLETICS

$40,000

CHILDREN'S MIRACLE NETWORK HOSPITAL

Org PageRecipient Profile

Salt Lake City, UT

PURPOSE: GENERAL SUPPORT

$17,000

THE GAME ROOM - TEDXRENO

Org PageRecipient Profile

Reno, NV

PURPOSE: GENERAL SUPPORT

$15,000
View Grant Profile

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$164,391,792
Credit Unions In The State Of California
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$197,844,755
Educational Employees Credit Union
Fresno, CA
$140,033,802
Oregon Community Credit Union
Eugene, OR
$182,242,816

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