Civic Intelligence

Silver State Schools Credit Union

EIN 88-0062898 • 501(c)14 • Las Vegas, NV

Profile

Excellent Member Service and Financial Solutions - for Life!

630 Trade Center DriveLas Vegas, NV 89119

www.silverstatecu.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

95th percentile

0.94x

Higher debt load relative to assets than 95% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

16.79x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

14th percentile

2.6%

Higher net margin than 14% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

88th percentile

9.7%

Faster asset growth than 88% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

20%

Faster revenue growth than 59% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,250,197,010

Up $110,725,982 (+9.7%) from 2023

Liabilities

Up

$1,172,291,567

Up $108,664,565 (+10%) from 2023

Net Assets

Up

$77,905,443

Up $2,061,417 (+2.7%) from 2023

Revenue

Up

$69,807,736

Up $11,528,907 (+20%) from 2023

Expenses

Up

$67,982,551

Up $16,822,424 (+33%) from 2023

Net Income

Down

$1,825,185

Down $5,293,517 (-74%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5B$1.0B$500M$0Assets 2010: $718,537,955Liabilities 2010: $687,576,480Net Assets 2010: $30,961,4752010Assets 2011: $653,525,575Liabilities 2011: $627,736,400Net Assets 2011: $25,789,1752011Assets 2012: $622,371,826Liabilities 2012: $599,137,178Net Assets 2012: $23,234,6482012Assets 2013: $637,386,111Liabilities 2013: $603,150,229Net Assets 2013: $34,235,8822013Assets 2014: $643,147,991Liabilities 2014: $604,270,380Net Assets 2014: $38,877,6112014Assets 2015: $667,165,767Liabilities 2015: $629,525,521Net Assets 2015: $37,640,2462015Assets 2016: $703,409,874Liabilities 2016: $656,278,195Net Assets 2016: $47,131,6792016Assets 2017: $752,828,631Liabilities 2017: $693,232,600Net Assets 2017: $59,596,0312017Assets 2018: $767,633,250Liabilities 2018: $696,422,655Net Assets 2018: $71,210,5952018Assets 2019: $828,840,856Liabilities 2019: $749,385,552Net Assets 2019: $79,455,3042019Assets 2020: $994,130,620Liabilities 2020: $911,133,448Net Assets 2020: $82,997,1722020Assets 2021: $1,130,843,063Liabilities 2021: $1,042,588,954Net Assets 2021: $88,254,1092021Assets 2022: $1,151,766,991Liabilities 2022: $1,081,583,020Net Assets 2022: $70,183,9712022Assets 2023: $1,139,471,028Liabilities 2023: $1,063,627,002Net Assets 2023: $75,844,0262023Assets 2024: $1,250,197,010Liabilities 2024: $1,172,291,567Net Assets 2024: $77,905,4432024

Highlighted filing

2024

Assets$1,250,197,010
Liabilities$1,172,291,567
Net Assets$77,905,443

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0Expenses 2010: $78,934,4492010Expenses 2011: $54,587,6182011Expenses 2012: $42,137,4232012Revenue 2013: $41,001,701Expenses 2013: $27,454,797Net Income 2013: $13,546,9042013Revenue 2014: $32,853,291Expenses 2014: $19,582,485Net Income 2014: $13,270,8062014Revenue 2015: $33,468,344Expenses 2015: $18,776,826Net Income 2015: $14,691,5182015Revenue 2016: $32,666,084Expenses 2016: $17,681,748Net Income 2016: $14,984,3362016Revenue 2017: $35,335,869Expenses 2017: $23,989,655Net Income 2017: $11,346,2142017Revenue 2018: $40,959,880Expenses 2018: $28,589,757Net Income 2018: $12,370,1232018Revenue 2019: $43,539,175Expenses 2019: $35,237,470Net Income 2019: $8,301,7052019Revenue 2020: $42,106,964Expenses 2020: $37,830,315Net Income 2020: $4,276,6492020Revenue 2021: $44,363,932Expenses 2021: $35,505,398Net Income 2021: $8,858,5342021Revenue 2022: $49,927,446Expenses 2022: $38,665,350Net Income 2022: $11,262,0962022Revenue 2023: $58,278,829Expenses 2023: $51,160,127Net Income 2023: $7,118,7022023Revenue 2024: $69,807,736Expenses 2024: $67,982,551Net Income 2024: $1,825,1852024

Highlighted filing

2024

Revenue$69,807,736
Expenses$67,982,551
Net Income$1,825,185

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,250$1,172$77.9$69.8$68.0$1.83
2023Detailed filing. Detailed filing data is available for this year.$1,139$1,064$75.8$58.3$51.2$7.12
2022Detailed filing. Detailed filing data is available for this year.$1,152$1,082$70.2$49.9$38.7$11.3
2021Detailed filing. Detailed filing data is available for this year.$1,131$1,043$88.3$44.4$35.5$8.86
2020Detailed filing. Detailed filing data is available for this year.$994$911$83.0$42.1$37.8$4.28
2019Detailed filing. Detailed filing data is available for this year.$829$749$79.5$43.5$35.2$8.30
2018Detailed filing. Detailed filing data is available for this year.$768$696$71.2$41.0$28.6$12.4
2017Detailed filing. Detailed filing data is available for this year.$753$693$59.6$35.3$24.0$11.3
2016Detailed filing. Detailed filing data is available for this year.$703$656$47.1$32.7$17.7$15.0
2015Detailed filing. Detailed filing data is available for this year.$667$630$37.6$33.5$18.8$14.7
2014Detailed filing. Detailed filing data is available for this year.$643$604$38.9$32.9$19.6$13.3
2013Detailed filing. Detailed filing data is available for this year.$637$603$34.2$41.0$27.5$13.5
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$622$599$23.2$42.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$654$628$25.8$54.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$719$688$31.0$78.9
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$73,510,809
Mission and Program Overview

Mission

Financial services for members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$838,492,018$888,857,246▲ $50,365,228
Investments in Publicly Traded Securities$202,940,436$161,698,456▼ $41,241,980
Cash and Non-Interest-Bearing Accounts$33,179,074$137,639,430▲ $104,460,356
Rtn Earn Endowment Incm Other Fnds$75,844,026$77,905,443▲ $2,061,417
Land, Buildings, and Equipment, Net$15,311,779$13,854,327▼ $1,457,452
Receivables From Officers Etc$8,021,727$8,202,716▲ $180,989
Savings and Temporary Cash Investments$5,644,837$6,904,351▲ $1,259,514
Prepaid Expenses and Deferred Charges$7,889,835$6,173,243▼ $1,716,592
Accounts Receivable$1,886,348$1,895,453▲ $9,105
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,139,471,028$1,250,197,010▲ $110,725,982
Other Assets Total$26,104,974$24,971,788▼ $1,133,186
Liabilities
Other Liabilities$1,051,436,252$1,160,970,374▲ $109,534,122
Accounts Payable and Accrued Expenses$11,983,868$11,144,209▼ $839,659
Escrow Account Liability$206,882$176,984▼ $29,898
Total Liabilities$1,063,627,002$1,172,291,567▲ $108,664,565
Net Assets / Fund Balance
Total Net Assets Fund Balance$75,844,026$77,905,443▲ $2,061,417
Total Liabilities and Net Assets / Fund Balance$1,139,471,028$1,250,197,010▲ $110,725,982

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,785,127$2,059,511$11,844,638
Equipment$1,659,868$6,579,842$8,239,710
Leasehold Improvements$2,409,332$5,173,028$7,582,360
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Scott ArkillsCEO/PresidentFT$540,000$116,829$656,829
Mel ValenzuelaSVP/CLOFT$276,900$57,163$334,063
Raymond WilsonSVP/CFOFT$278,283$55,500$333,783
Ann JohnsonSVP/CAOFT$281,566$48,935$330,501
Ralph RamirezSVP/CXOFT$276,000$48,334$324,334
Robert RivasVP of Information TechnologyFT$180,624$29,127$209,751
Cody GouldingVP/ControllerFT$175,386$32,961$208,347
Ken DownsSVP/CIO as of JulyFT$170,000$20,551$190,551
Ariana HitesVP of Member ServicesFT$135,469$29,579$165,048
Randy TraubVP Consumer LendingFT$132,000$28,947$160,947
Oscar MoranAVP Real Estate LendingFT$128,000$22,217$150,217
Heidi MuenchowAVP Remore ServicesFT$116,539$16,941$133,480
Alfie HernandezAccounting ManagerFT$114,608$8,976$123,584
Ben ChristensenSVP/CIO thru JanuaryFT$62,361$3,962$66,323

Board Members and Trustees

NameTitle
Mitch FoxChair
Mary Beth ScowVice Chair
Joyce WoodhouseDirector
Ken LangeDirector
Larry MoultonDirector
Ida ChapkiDirector as of August
George Ann RiceSecretary/Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Digital First Holdings LLCOnline Banking/Bill Pay Service ProviderPO Box 660367, Dallas, TX 75266-0367$1,352,523
Jack Henry and Associates IncCore Systems Service ProviderPO Box 609, Monett, MO 65708$1,097,676
Harland ClarkeMortgage, Visa, & Reg Stmts & Notices/LaPO Box 931898, Atlanta, GA 31193$763,605
Visa USA IncCard ProcessingPO Box 742233, Los Angeles, CA 90074-2233$761,446
The Drala Project IncIT Hardware & Software Support2629 Mantattan Ave 307, Hermosa Beach, CA 90254$404,837
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$61,910,821
Investment Income
$7,896,915
Other Revenue
$0
Change in Net Assets
$1,825,185
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$49,198,068
Salaries, Compensation, and Employee Benefits$18,716,483
Grants and Similar Amounts Paid$68,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$20,431,843
Other Salaries and Wages---$12,728,132
Depreciation Depletion---$3,294,752
Information Technology---$2,873,091
Current Officers, Directors, Trustees, and Key Employees---$2,663,922
Advertising---$2,231,834
Insurance---$1,852,257
All Other Expenses---$1,570,292
Other Employee Benefits---$1,411,246
Payroll Taxes---$1,231,360
Other Expenses---$1,227,229
Office Expenses---$819,146
Fees for Services Other---$792,457
Pension Plan Contributions---$681,823
Occupancy---$667,200
Fees for Services Accounting---$229,607
Conferences and Meetings---$224,944
Fees for Services Legal---$133,752
Travel---$70,835
Grants to Domestic Orgs---$50,000
Grants to Domestic Individuals---$18,000
Total Functional Expenses$0$0$0$67,982,551
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Silver State Schools CU People Over Profit FoundationLas Vegas, NV501(c)(3)General Support$50,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$8,021,727$8,202,716▲ $180,989
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Regular Shares$366,115,960
Certificate of Deposit$338,072,492
Draft Account$237,471,180
Money Market$187,454,920
IRA CD's$17,515,424
IRA Shares$10,407,339
Operating Lease$3,933,059
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 1A

The Executive Officers (ie. the Chair, Vice Chair & Secretary/Treasurer) collectively shall comprise the Executive Committee. The Committee may act for the Board with respect to specifically delegated functions and subject to such limitations as prescribed by the Board.

Form 990, Part VI, Section A, line 6

The Organization has members.

Form 990, Part VI, Section A, line 6

The following persons are eligible to join Silver State Schools Credit Union: Persons who work in or are volunteers, trustees or board members of public or private schools, colleges, universities, school districts or educational associations located in the state of Nevada; Persons enrolled in the above schools, colleges, universities, school districts or educational associations; Persons who are retirees, pensioners, annuitants of public or private schools, colleges, universities, school districts or educational associations; Persons who are employees or retirees or this credit union and its affiliates; And persons, who are sponsors of Vegas PBS, Channel 10, Southern Nevada's public broadcasting television station. Persons who are employees of the following companies who work in Las Vegas, Nevada: -Abbott's Audio and Video -Creel Printing & Publishing -IKON Office Solutions -Trans Health Incorporated -Mojave Mental Health Services -Nextel Communications/Partners -Northern Pipeline Construction -The Holman Group -Trinity Life Center Members of the following stakes of the Church of Jesus Christ of Latter Day Saints in the State of Nevada: -Lakes -Las Vegas -Lone Mountain -Meadows -Redrock -Sandstone -South Spouses of persons who died while within the field of membership of this credit union, persons retired as pensioners or annuitants from the above employers, members of their immediate families; Immediate family member of eligible members of SSSCU Persons living in the same household (maintaining a single economic unit) as eligible members of this credit union.

Form 990, Part VI, Section A, line 7A

The Credit Union membership may participate in the election of officials.

Form 990, Part VI, Section B, line 11B

The Form 990 is completed by an independent accounting firm and reviewed and approved by senior management before it is filed with the IRS. Senior management informs the board of directors when the return is completed.

Form 990, Part VI, Section B, line 15A

Each year the Board of Directors completes and delivers a performance evaluation of the President/CEO. Compensation surveys are obtained and reviewed by the Board at the time of contract negotiation. Decisions are documented in private executive session minutes.

Form 990, Part VI, Section C, line 19

Governing documents and conflict of interest policy are not made available to the public. Financial statements are made available to the public on the ASI (American Share Insurance) website via The Call Report filed quarterly.

Filing and Contact Details

Filer

Filer Name
Silver State Schools Credit Union
EIN
88-0062898
Phone
8003579654
Address
630 Trade Center Drive, Las Vegas, NV 89119

Signing Officer

Name
Scott Arkills
Title
President/CEO
Phone
8003579654
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Arkills
Formed
1951
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
Employees
294
Volunteers
10

Preparer

Firm
Eide Bailly LLP
Address
4585 Coleman St Ste 200, Bismarck, ND 58503
Preparer
Lisa Chaffee CPA
Phone
7012551091
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

Pension Gain/(Loss) Net of Amortization -55,660.

Financial Statement Notes

Part IV, Line 2B:

Escrow cash held in deposit that will be remitted to a third party. This represents cash held for items such as money paid by a real estate purchaser to show good faith in an offer or amounts collected for homeowner's insurance and taxes as part of monthly mortgage payments from loan borrowers.

Part X, Line 2:

Beginning in March 2008, the Internal Revenue Service (IRS) released Technical Advice Memorandums to specific state-chartered credit unions specifying the revenue sources subject to unrelated business income tax (UBIT). UBI may also be subject to tax in certain states. As a result of adopting the Income Tax Topic of the FASB ASC, the Credit Union has assessed its activities and any potential federal or state income tax liability and determined no liability exists from federal or state taxation of activities deemed to be unrelated to its exempt purpose. Management has determined that the financial impact, if any, of not filing UBIT-related income tax returns in previous years would not be material to the Credit Union's consolidated financial statements for the year ended December 31, 2024.

Raw XML AppendixShowing 400 of 770 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Since it's inception in 1951, Silver State Schools Credit Union (SSSCU) has been deeply rooted in the Southern Nevada community, focusing on improving and strengthening the region it serves. SSSCU is a state chartered co-operative, owned by and designed to serve its members. The core of SSSCU is Southern Nevada and those serving and participating in education. Anyone associated with any educational organization, be they volunteers, students, retirees, employees and members of organizations such as PTAs or PTOs, are eligible to join SSSCU.
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IRS990/Form990PartVIISectionAGrp/PersonNm2George Ann Rice
IRS990/Form990PartVIISectionAGrp/PersonNm3Larry Moulton
IRS990/Form990PartVIISectionAGrp/PersonNm4Joyce Woodhouse
IRS990/Form990PartVIISectionAGrp/PersonNm5Ida Chapki
IRS990/Form990PartVIISectionAGrp/PersonNm6Ken Lange
IRS990/Form990PartVIISectionAGrp/PersonNm7Scott Arkills
IRS990/Form990PartVIISectionAGrp/PersonNm8Raymond Wilson
IRS990/Form990PartVIISectionAGrp/PersonNm9Mel Valenzuela
IRS990/Form990PartVIISectionAGrp/PersonNm10Ken Downs
IRS990/Form990PartVIISectionAGrp/PersonNm11Ben Christensen
IRS990/Form990PartVIISectionAGrp/PersonNm12Ralph Ramirez
IRS990/Form990PartVIISectionAGrp/PersonNm13Ann Johnson
IRS990/Form990PartVIISectionAGrp/PersonNm14Robert Rivas
IRS990/Form990PartVIISectionAGrp/PersonNm15Cody Goulding
IRS990/Form990PartVIISectionAGrp/PersonNm16Ariana Hites
IRS990/Form990PartVIISectionAGrp/PersonNm17Alfie Hernandez
IRS990/Form990PartVIISectionAGrp/PersonNm18Oscar Moran
IRS990/Form990PartVIISectionAGrp/PersonNm19Heidi Muenchow
IRS990/Form990PartVIISectionAGrp/PersonNm20Randy Traub
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