Silver State Schools Credit Union
501(c)(14)
100% goes to programs Strong reserves Growing revenue
Silver State Schools Credit Union is a 501(c)(14) organization based in Las Vegas, Nevada, registered in 1980, with $69,807,736 in FY2024 revenue. CharityIndex grades it B+, and it directs about 100% of spending to programs.
630 Trade Center Dr, Las Vegas, NV, 89119 EIN 88-0062898 Since 1980
Revenue (FY2024)
$69.8M
▲ 19.8% vs prior year
Expenses (FY2024)
$68.0M
Net assets
$77.9M
Employees
294
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating100% to programs
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. For Silver State Schools Credit Union: 100% to programs earns a C+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating14 mo reserves · +3% 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 Silver State Schools Credit Union: 14 mo reserves · +3% 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 Silver State Schools 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 Silver State Schools Credit Union: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Financial services for members.
Contact & location
Financial trends
Revenue grew from $41.0M (FY2013) to $69.8M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.2BNet assets $77.9M
Operating margin
2.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.3B
Total liabilities
$1.2B
Net assets
$77.9M
Salaries & benefits
$18.7M
28% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $69,807,736▲19.8% | $67,982,551▲32.9% | $77,905,443▲2.7% | $1,250,197,010▲9.7% | 990 |
| 2023 | $58,278,829▲16.7% | $51,160,127▲32.3% | $75,844,026▲8.1% | $1,139,471,028▼1.1% | 990 |
| 2022 | $49,927,446▲12.5% | $38,665,350▲8.9% | $70,183,971▼20.5% | $1,151,766,991▲1.9% | 990 |
| 2021 | $44,363,932▲5.4% | $35,505,398▼6.1% | $88,254,109▲6.3% | $1,130,843,063▲13.8% | 990 |
| 2020 | $42,106,964▼3.3% | $37,830,315▲7.4% | $82,997,172▲4.5% | $994,130,620▲19.9% | 990 |
| 2019 | $43,539,175▲6.3% | $35,237,470▲23.3% | $79,455,304▲11.6% | $828,840,856▲8.0% | 990 |
| 2018 | $40,959,880▲15.9% | $28,589,757▲19.2% | $71,210,595▲19.5% | $767,633,250▲2.0% | 990 |
| 2017 | $35,335,869▲8.2% | $23,989,655▲35.7% | $59,596,031▲26.4% | $752,828,631▲7.0% | 990 |
| 2016 | $32,666,084▼2.4% | $17,681,748▼5.8% | $47,131,679▲25.2% | $703,409,874▲5.4% | 990 |
| 2015 | $33,468,344▲1.9% | $18,776,826▼4.1% | $37,640,246▼3.2% | $667,165,767▲3.7% | 990 |
| 2014 | $32,853,291▼19.9% | $19,582,485▼28.7% | $38,877,611▲13.6% | $643,147,991▲0.9% | 990 |
| 2013 | $41,001,701 | $27,454,797▼34.8% | $34,235,882▲47.3% | $637,386,111▲2.4% | 990 |
| 2012 | — | $42,137,423▼22.8% | $23,234,648▼9.9% | $622,371,826▼4.8% | 990 |
| 2011 | — | $54,587,618▼30.8% | $25,789,175▼16.7% | $653,525,575▼9.0% | 990 |
| 2010 | — | $78,934,449 | $30,961,475 | $718,537,955 | 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: Scott Arkills — $622,000 (0.91% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Scott Arkills | Ceo/president | 40 | $622,000 |
| Ann Johnson | Svp/cao | 40 | $303,780 |
| Raymond Wilson | Svp/cfo | 40 | $300,418 |
| Mel Valenzuela | Svp/clo | 40 | $298,933 |
| Ralph Ramirez | Svp/cxo | 40 | $297,941 |
| Robert Rivas | Vp of Information Technology | 40 | $191,155 |
| Cody Goulding | Vp/controller | 40 | $185,636 |
| Ken Downs | Svp/cio As of July | 40 | $176,488 |
| Ariana Hites | Vp of Member Services | 40 | $143,368 |
| Randy Traub | Vp Consumer Lending | 40 | $139,213 |
| Oscar Moran | Avp Real Estate Lending | 40 | $133,396 |
| Heidi Muenchow | Avp Remore Services | 40 | $116,539 |
| Alfie Hernandez | Accounting Manager | 40 | $114,608 |
| Ben Christensen | Svp/cio Thru January | 40 | $62,361 |
| George Ann Rice | Secretary/treasurer | 10 | — |
| Ida Chapki | Director As of August | 10 | — |
| Joyce Woodhouse | Director | 10 | — |
| Ken Lange | Director | 10 | — |
| Larry Moulton | Director | 10 | — |
| Mary Beth Scow | Vice Chair | 10 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Digital First Holdings LLC | Online Banking/bill Pay Service Provider | $1,352,523 |
| Jack Henry and Associates Inc | Core Systems Service Provider | $1,097,676 |
| Harland Clarke | Mortgage, Visa, & Reg Stmts & Notices/la | $763,605 |
| Visa USA Inc | Card Processing | $761,446 |
| The Drala Project Inc | It Hardware & Software Support | $404,837 |
Grants made · $50K in FY2024
1 grant totaling $50K in FY2024. All grants made by Silver State Schools Credit Union →
| Recipient | Purpose | Amount |
|---|---|---|
| Silver State Schools Cu People Over Profit Foundation | General support | $50,000 |
Frequently asked questions
- Is Silver State Schools Credit Union a legitimate nonprofit?
- Yes. Silver State Schools Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 88-0062898, based in Las Vegas, Nevada.
- What is Silver State Schools Credit Union's EIN?
- Silver State Schools Credit Union's Employer Identification Number (EIN) is 88-0062898.
- How much revenue does Silver State Schools Credit Union report?
- Silver State Schools Credit Union reported $69,807,736 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Silver State Schools Credit Union's spending goes to programs?
- Silver State Schools Credit Union spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Silver State Schools Credit Union have?
- CharityIndex grades Silver State Schools Credit Union B+, based on program efficiency and fundraising cost.
- How much does Silver State Schools Credit Union's highest-paid employee make?
- The highest reported compensation on Silver State Schools Credit Union's latest Form 990 is $622,000, paid to Scott Arkills (Ceo/president).
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Data for Silver State Schools Credit Union (EIN 88-0062898) 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.