Silver State Schools Credit Union

Silver State Schools Credit Union Overview

Silver State Schools Credit Union is located in Las Vegas, NV. The organization was established in 1980. 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 12/2019, Silver State Schools Credit Union employed 251 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Silver State Schools 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 12/2019, Silver State Schools Credit Union generated $43.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $35.2m during the year ending 12/2019. While expenses have increased by 13.4% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

FINANCIAL SERVICES FOR MEMBERS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SINCE IT'S INCEPTION IN 1951, SILVER STATE SCHOOLS CREDIT UNION (SSSCU) HAS BEEN DEEPLY ROOTED IN THE SOUTHERN NEVADA COMMUNITY, FOCUSING ON IMPROVING AND STRENGTHENING THE REGION IT SERVES. SSSCU IS A STATE CHARTERED CO-OPERATIVE, OWNED BY AND DESIGNED TO SERVE ITS MEMBERS. THE CORE OF SSSCU IS SOUTHERN NEVADA AND THOSE SERVING AND PARTICIPATING IN EDUCATION. ANYONE ASSOCIATED WITH ANY EDUCATIONAL ORGANIZATION, BE THEY VOLUNTEERS, STUDENTS, RETIREES, EMPLOYEES AND MEMBERS OF ORGANIZATIONS SUCH AS PTAS OR PTOS, ARE ELIGIBLE TO JOIN SSSCU.


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Silver State Schools Credit Union Board, Officers & Key Employees

Name (title)Compensation
Scott Arkills
Ceo/president
$402,500
Michael Randall
Svp/coo (jan-Jul)
$373,443
Raymond Wilson
Svp/cfo
$224,908
James Bolin
Svp/cmeo
$205,716
Ann Johnson
Svp/cao
$192,225
Ruth Hernandez
Mortgage Loan Originator
$142,038

Silver State Schools Credit Union Vendors

Vendor Name (Service)Compensation
Health Plan Of Nevada Inc
Health Benefit Provider
$1,307,186
Visa Dps - Ach
Plastic Card Transaction Service Provide
$734,777
Financial Supermarkets Inc
Property Consultant/general Contractor
$970,789
Ncr Corporation
Online Banking/bill Pay Service Provider
$869,851
Jack Henry And Associates Inc
Core Systems Service Provider
$626,969
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$40,012,805
Investment income $2,815,558
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $710,812
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $43,539,175

Silver State Schools Credit Union Grants Awarded

Over the last fiscal year, Silver State Schools Credit Union has awarded $12,309 in support to 2 organizations.

Grant RecipientAmount

THE LEUKEMIA & LYMPHOMA SOCIETY

Org PageRecipient Profile

Rye Brook, NY

PURPOSE: Cancer research

$6,215

Las Vegas, NV

PURPOSE: Piggy Bank Supplies

$6,094
View Grant Profile

Silver State Schools Credit Union Peer Organizations

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