One Nevada Credit Union
- Assets
- $1.3b
- Revenue
- $87.9m
- Investments
- $209.1m
- Employees
- 228
- Location
- Las Vegas, NV
- Founding
- Data as of
- 12/2023
- EIN
- 88-0063564
Organization Overview
One Nevada Credit Union is located in Las Vegas, NV. As of 12/2023, One Nevada Credit Union employed 228 individuals. One 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 12/2023, One Nevada Credit Union generated $87.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $63.0m during the year ending 12/2023. While expenses have increased by 4.2% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRUSTED PROVIDER OF SUPERIOR FINANCIAL SERVICES TO OUR MEMBER-OWNERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL SERVICES TO MEMBER-OWNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Parrish President/ceo | Officer | 40 | $1,067,667 |
Tom Ernsperger Evp/clo | Officer | 40 | $366,346 |
Steve O'donnell Evp/cfo | Officer | 40 | $365,911 |
Michael Traficanti SVP Hr And Facilities | Officer | 40 | $339,855 |
Chris Wible VP Investments | 40 | $205,186 | |
Roger White Real Estate Loan Officer | 40 | $204,395 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jack And Henry Associates Software Solutions | 12/30/23 | $1,725,142 |
Fis Debit/atm Processor | 12/30/23 | $2,961,963 |
Pscu Credit Card Processor | 12/30/23 | $1,266,135 |
On Target Media Marketing/media | 12/30/23 | $1,426,528 |
Diebold Atm Services | 12/30/23 | $799,928 |
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 | $54,524,217 |
| Investment income | $33,322,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $36,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $87,883,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $8,052,594 |
| Compensation of current officers, directors, key employees. | $3,078,339 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,078,874 |
| Pension plan accruals and contributions | $1,153,750 |
| Other employee benefits | $2,339,128 |
| Payroll taxes | $1,258,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $456,253 |
| Fees for services: Accounting | $123,750 |
| Fees for services: Lobbying | $45,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $860,457 |
| Advertising and promotion | $2,839,904 |
| Office expenses | $525,952 |
| Information technology | $1,326,603 |
| Royalties | $0 |
| Occupancy | $3,377,863 |
| Travel | $394,511 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $30 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,754,297 |
| Insurance | $160,194 |
| All other expenses | $4,209,462 |
| Total functional expenses | $62,969,117 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,162,119 |
| Savings and temporary cash investments | $280,422,910 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,862,664 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $576,623,461 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,133,176 |
| Net Land, buildings, and equipment | $6,566,082 |
| Investments—publicly traded securities | $125,771,859 |
| Investments—other securities | $209,126,764 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,236,018 |
| Total assets | $1,341,905,053 |
| Accounts payable and accrued expenses | $8,841,591 |
| Grants payable | $0 |
| Deferred revenue | $1,334,356 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,163,897,240 |
| Total liabilities | $1,174,073,187 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $167,831,866 |
| Total liabilities and net assets/fund balances | $1,341,905,053 |