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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Wallace Murray President/ceo | Officer | 40 | $446,692 |
Jeremy Gilpin Evp/commercial Lending | 40 | $283,391 | |
Todd Hubbell Vp/commercial Lending | 40 | $282,019 | |
James Anderson Evp/mortgage Lending | 40 | $245,389 | |
Joyce Whitney-Silva Evp/cfo | Officer | 40 | $238,435 |
Dean Altus Evp/coo | 40 | $234,611 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Exl Media Advertising Services | 12/30/18 | $678,137 |
Fiserv Inc Core Processor Support | 12/30/18 | $2,506,268 |
Business Data Inc Notices And Statement Servicing | 12/30/18 | $560,391 |
Sectran Security Inc Cash Transport And Equipment Maintenance | 12/30/18 | $338,522 |
Advantage Credit Union Inc Credit Reporting Services | 12/30/18 | $260,500 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $54,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $835,705 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $19,071,248 |
Pension plan accruals and contributions | $434,831 |
Other employee benefits | $2,475,581 |
Payroll taxes | $1,657,399 |
Fees for services: Management | $0 |
Fees for services: Legal | $148,330 |
Fees for services: Accounting | $113,355 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $3,209,379 |
Advertising and promotion | $2,776,176 |
Office expenses | $2,485,364 |
Information technology | $1,432,123 |
Royalties | $0 |
Occupancy | $1,787,948 |
Travel | $611,983 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $390,623 |
Interest | $5,719,560 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $3,205,002 |
Insurance | $107,826 |
All other expenses | $0 |
Total functional expenses | $62,877,901 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $40,417,163 |
Savings and temporary cash investments | $148,240,157 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $649,051,772 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $3,044,137 |
Investments—publicly traded securities | $97,744,538 |
Investments—other securities | $17,266,379 |
Investments—program-related | $0 |
Intangible assets | $2,671,171 |
Other assets | $54,916,227 |
Total assets | $1,062,492,971 |
Accounts payable and accrued expenses | $12,365,396 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $4,812,149 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $934,256,968 |
Total liabilities | $951,434,513 |
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 |
Total liabilities and net assets/fund balances | $111,058,458 |
Over the last fiscal year, Greater Nevada Credit Union has awarded $152,909 in support to 3 organizations.
Grant Recipient | Amount |
---|---|
Reno, NV PURPOSE: EDUCATIONAL ASSISTANCE | $52,909 |
Reno, NV PURPOSE: GENERAL SUPPORT | $50,000 |
Pleasant Hill, CA PURPOSE: SPORTS EVENTS FOR PEOPLE WITH DISABILITIES | $50,000 |
Organization Name | Assets | Revenue |
---|---|---|
California Credit Union Glendale, CA | $3,190,811,816 | $155,942,457 |
Educational Employees Credit Union Fresno, CA | $3,213,871,503 | $143,847,329 |
Provident Credit Union Redwood City, CA | $2,795,784,013 | $118,064,717 |
Technology Credit Union San Jose, CA | $3,045,579,402 | $132,366,057 |
Vantage West Credit Union Tucson, AZ | $2,015,563,365 | $118,310,063 |
Premier America Credit Union Chatsworth, CA | $2,832,715,240 | $116,675,456 |
Credit Unions In The State Of California San Diego, CA | $2,643,805,509 | $118,728,128 |
Oregon Community Credit Union Eugene, OR | $1,889,089,537 | $102,367,460 |
Altura Credit Union Riverside, CA | $1,515,289,444 | $94,951,548 |
Credit Unions In The State Of California Santa Ana, CA | $1,758,822,108 | $81,326,431 |
Credit Unions In The State Of California Rancho Cucamonga, CA | $1,491,798,538 | $87,490,480 |
Schools Financial Credit Union Sacramento, CA | $0 | $101,261,825 |
Create a Free Account