Clark County Credit Union
- Assets
- $1.2b
- Revenue
- $65.9m
- Investments
- $0.0
- Employees
- 243
- Location
- Las Vegas, NV
- Founding
- 10/1980
- Data as of
- 12/2023
- EIN
- 88-0065951
Organization Overview
Clark County Credit Union is located in Las Vegas, NV. The organization was established in 1980. 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 12/2023, Clark County Credit Union employed 243 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Clark County 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, Clark County Credit Union generated $65.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $52.6m during the year ending 12/2023. While expenses have increased by 11.0% 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.
Since 2018, Clark County Credit Union has awarded 16 individual grants totaling $137,609. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023, CLARK COUNTY CREDIT UNION MAINTAINED A YEAR-TO-DATE NET WORTH RATIO OF 12.90%. USING A MULTI-MEDIA MARKETING APPROACH COMBINED WITH PERSONAL CUSTOMER SERVICE AND CUSTOMIZED LENDING OPTIONS. CCCU IS LIVING UP TO ITS MISSION OF HELPING MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Chairman Of The Board | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Name Not Listed Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ja Tiberti Construction Co Inc Construction Remodel | 12/30/23 | $1,922,694 |
Peter J Stoddard Advertising | 12/30/23 | $1,226,434 |
Fiserv Inc Core System | 12/30/23 | $1,065,701 |
Q2 Software Inc Online Banking | 12/30/23 | $1,046,194 |
Amplifi Loyalty Solutions Llc Credit/debit Card Rewards | 12/30/23 | $946,243 |
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 | $58,076,726 |
| Investment income | $8,038,905 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$182,935 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,932,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $106,983 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,947,938 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $12,772,643 |
| Pension plan accruals and contributions | $796,170 |
| Other employee benefits | $1,625,363 |
| Payroll taxes | $1,205,903 |
| Fees for services: Management | $303,274 |
| Fees for services: Legal | $241,755 |
| Fees for services: Accounting | $220,338 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,929,931 |
| Advertising and promotion | $1,834,033 |
| Office expenses | $5,354,671 |
| Information technology | $448,323 |
| Royalties | $0 |
| Occupancy | $1,258,081 |
| Travel | $86,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,388,616 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $777,950 |
| Insurance | $7,681 |
| All other expenses | $69,987 |
| Total functional expenses | $52,647,666 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,034,049 |
| Savings and temporary cash investments | $84,721,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $1,728,963 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,182,445 |
| Net Land, buildings, and equipment | $16,200,652 |
| Investments—publicly traded securities | $167,906,642 |
| Investments—other securities | $0 |
| Investments—program-related | $856,117,443 |
| Intangible assets | $0 |
| Other assets | $30,773,926 |
| Total assets | $1,172,665,828 |
| Accounts payable and accrued expenses | $15,748,513 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,023,408,157 |
| Total liabilities | $1,039,156,670 |
| 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 | $133,509,158 |
| Total liabilities and net assets/fund balances | $1,172,665,828 |
Grants Awarded
Over the last fiscal year, Clark County Credit Union has awarded $46,176 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BOARD OF REGENTS NEVADA SYSTEM OF HIGHER EDUCATION PURPOSE: Scholarships/Sponsorship | $5,500 |
CHILDREN'S MIRACLE NETWORK PURPOSE: Sponsorship | $8,107 |
HENDERSON CHAMBER OF COMMERCE PURPOSE: Sponsorship | $11,969 |
NEVADA CREDIT UNION LEAGUE INC PURPOSE: Membership Dues | $15,000 |
ROSEMAN UNIVERSITY OF HEALTH SCIENCES PURPOSE: Sponsorship | $5,600 |