Greater Nevada Credit Union

Greater Nevada Credit Union 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 12/2018, Greater Nevada Credit Union employed 372 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 12/2019, Greater Nevada Credit Union generated $73.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $62.9m during the year ending 12/2019. While expenses have increased by 11.3% 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

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 OVER 68,000 IN 2018, AN INCREASE OF NEARLY 4,000 FOR THE YEAR. DURING 2018, THE CREDIT UNION AND ITS AFFILIATES FUNDED NEARLY $183 MILLION IN CONSUMER LOANS.


MORTGAGE SERVICES - ORIGINATING, SELLING, AND SERVICING OF REAL ESTATE MORTGAGES. DURING 2018, THE CREDIT UNION FUNDED $206.6 MILLION IN MORTGAGE LOANS.


COMMERCIAL LENDING - ORIGINATING, SELLING, AND SERVICING OF COMMERCIAL LOANS. DURING 2018, THE CREDIT UNION FUNDED NEARLY $337 MILLION IN COMMERCIAL LOANS.


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Greater Nevada Credit Union Board, Officers & Key Employees

Greater Nevada Credit Union Vendors

Vendor Name (Service)Compensation
Exl Media
Advertising Services
$678,137
Fiserv Inc
Core Processor Support
$2,506,268
Business Data Inc
Notices And Statement Servicing
$560,391
Sectran Security Inc
Cash Transport And Equipment Maintenance
$338,522
Advantage Credit Union Inc
Credit Reporting Services
$260,500
View All Vendors

Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $5,743,093
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $203,977
Net Gain/Loss on Asset Sales -$146,767
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $73,910,723

Greater Nevada Credit Union Grants Awarded

Over the last fiscal year, Greater Nevada Credit Union has awarded $152,909 in support to 3 organizations.

Grant RecipientAmount

UNIVERSITY OF NEVADA RENO

Org PageRecipient Profile

Reno, NV

PURPOSE: EDUCATIONAL ASSISTANCE

$52,909

REKNOWN HEALTH FOUNDATION

Org PageRecipient Profile

Reno, NV

PURPOSE: GENERAL SUPPORT

$50,000

SPECIAL OLYMPICS NEVADA

Org PageRecipient Profile

Pleasant Hill, CA

PURPOSE: SPORTS EVENTS FOR PEOPLE WITH DISABILITIES

$50,000
View Grant Profile

Greater Nevada Credit Union Peer Organizations

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