Create Credit Union
501(c)(14)
Strong reserves Growing revenue
Create Credit Union is a 501(c)(14) organization based in Las Vegas, Nevada, registered in 1980, with $81,894,949 in FY2024 revenue.
Po Box 36490, Las Vegas, NV, 89133 EIN 88-0065951 Since 1980
Revenue (FY2024)
$81.9M
▲ 24.2% vs prior year
Expenses (FY2024)
$68.7M
Net assets
$144.8M
Employees
256
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Create Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating25 mo reserves · +16% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Create Credit Union: 25 mo reserves · +16% margin earns a A on this criterion. See the exact thresholds →
AGovernance25% of the rating5 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Create Credit Union: 5 of 6 checks met earns a A on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Create Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
A cooperative, organized for the purpose of promoting thrift and savings among its members.
Contact & location
Financial trends
Revenue grew from $25.5M (FY2013) to $81.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.3BNet assets $144.8M
Operating margin
16.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.4B
Total liabilities
$1.3B
Net assets
$144.8M
Salaries & benefits
$19.1M
28% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $81,894,949▲24.2% | $68,650,055▲30.4% | $144,799,686▲8.5% | $1,427,571,288▲21.7% | 990 |
| 2023 | $65,932,696▲24.9% | $52,647,666▲31.3% | $133,509,158▲16.3% | $1,172,665,828▲2.4% | 990 |
| 2022 | $52,797,641▲12.8% | $40,089,207▲21.0% | $114,757,824▼11.4% | $1,144,632,634▼0.2% | 990 |
| 2021 | $46,813,818▲3.8% | $33,127,785▼9.7% | $129,511,454▲7.2% | $1,146,560,292▲13.2% | 990 |
| 2020 | $45,087,035▼0.7% | $36,691,812▲2.7% | $120,789,519▲13.7% | $1,012,890,170▲17.8% | 990 |
| 2019 | $45,397,628▲9.0% | $35,737,631▲2.4% | $106,206,375▲14.8% | $860,178,388▲11.6% | 990 |
| 2018 | $41,656,713▲3.4% | $34,893,012▲55.4% | $92,553,546▲7.5% | $771,056,238▲7.4% | 990 |
| 2017 | $40,305,335▲20.9% | $22,455,610▼14.1% | $86,070,615▲12.4% | $717,848,200▲11.0% | 990 |
| 2016 | $33,341,262▲13.4% | $26,132,000▲27.1% | $76,575,509▲10.4% | $646,969,087▲10.4% | 990 |
| 2015 | $29,407,139▲16.2% | $20,563,297▲57.0% | $69,366,247▲9.3% | $586,124,404▲7.8% | 990 |
| 2014 | $25,315,451▼0.6% | $13,098,352▼19.3% | $63,467,958▲23.8% | $543,534,696▲7.8% | 990 |
| 2013 | $25,457,527 | $16,227,379▼2.1% | $51,250,859▲22.0% | $504,257,081▲4.4% | 990 |
| 2012 | — | $16,583,025▼23.2% | $42,020,711▲20.3% | $483,007,639▲0.5% | 990 |
| 2011 | — | $21,582,694▼35.5% | $34,917,651▲8.7% | $480,839,437▼2.0% | 990 |
| 2010 | — | $33,460,287 | $32,113,494 | $490,888,381 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Matt Kershaw — $501,261 (0.73% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Matt Kershaw | Chief Executive Officer | 40 | $501,261 |
| Patricia Ochal | Chief Financial Officer | 40 | $384,658 |
| David Upham | Chief Operating Officer | 40 | $249,717 |
| Joshua Haldeman | Chief Lending Officer | 40 | $239,655 |
| Matthew Becker | Chief Technology Officer | 40 | $219,780 |
| Shannon Hiller | Chief Marketing Officer | 40 | $216,747 |
| Octavio Ryan Lopez | Mortgage Loan Officer | 40 | $200,213 |
| Chris Schlaffman | Vp Commercial Lending Manager | 40 | $177,835 |
| Michael Henriksen | Vp Controller | 40 | $159,219 |
| John Gentile | Vp Commercial Lending | 40 | $158,092 |
| Christina Minello | Vp of Human Resorces | 40 | $154,832 |
| Alise Haney | Board Member | 1 | — |
| Debbie Conway | Board Member | 1 | — |
| Doug Spring | Chairman of the Board | 1 | — |
| Ed Zagalo | Board Member | 1 | — |
| Eric Jorgenson | Board Member | 1 | — |
| Michael Schramm | Board Member | 1 | — |
| Ted Olivas | Vice Chair of the Board | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Peter J Stoddard | Advertising | $1,812,365 |
| Fiserv Inc | Core System | $1,320,194 |
| Q2 Software Inc | Online Banking | $1,135,505 |
| Amplifi Loyalty Solutions LLC | Credit/debit Card Rewards | $1,035,243 |
| Acg Inc | Atm Vendor | $428,957 |
Grants made · $85K in FY2024
9 grants totaling $85K in FY2024. All grants made by Create Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Nevada Credit Union League Inc | Membership dues | $20,000 |
| American Lung Association | Cccu cares volunteer project & great dam ride sponsorship | $12,500 |
| National Association of State Credit Union Supervisors | Membership dues | $10,000 |
| Candlelighters For Childhood Cancer | Glamp out & halloween bash sponsorships - 2024 happy bonus days | $10,000 |
| Three Square | Matching donation from holiday giving campaign | $7,500 |
| Board of Regents Nevada System of Higher Education | Scholarships/sponsorship | $7,000 |
| Neighborhood Challenge | Cruisin' with cops & 2024 happy bonus days | $6,700 |
| Childrens Miracle Network | Sponsorship | $5,877 |
| Roseman University of Health Sciences A Nevada Non-profit Corp | Neighborhood health series | $5,600 |
Frequently asked questions
- Is Create Credit Union a legitimate nonprofit?
- Yes. Create Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 88-0065951, based in Las Vegas, Nevada.
- What is Create Credit Union's EIN?
- Create Credit Union's Employer Identification Number (EIN) is 88-0065951.
- How much revenue does Create Credit Union report?
- Create Credit Union reported $81,894,949 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much does Create Credit Union's highest-paid employee make?
- The highest reported compensation on Create Credit Union's latest Form 990 is $501,261, paid to Matt Kershaw (Chief Executive Officer).
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Data for Create Credit Union (EIN 88-0065951) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.