Civic Intelligence

One Nevada Credit Union

990 • Fiscal year 2016 • EIN 88-0063564

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 21, 2017

2645 S Mojave RoadLas Vegas, NV 89121

(702) 641-4258

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

33rd percentile

0.88x

Higher debt load relative to assets than 33% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Liabilities / Revenue

12th percentile

13.43x

Higher debt load relative to revenue than 12% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Net Margin

79th percentile

18%

Higher net margin than 79% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Top Officer Pay

75th percentile

$511,634

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2016

Asset Growth

52nd percentile

6.2%

Faster asset growth than 52% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Revenue Growth

15th percentile

1.9%

Faster revenue growth than 15% of similar nonprofits.

2016 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2015 to 2016

Assets

Up

$833,942,170

Up $48,894,765 (+6.2%) from 2015

Net Assets

Up

$99,545,954

Up $9,981,133 (+11%) from 2015

Liabilities

Up

$734,396,216

Up $38,913,632 (+5.6%) from 2015

Revenue

Up

$54,675,475

Up $1,005,265 (+1.9%) from 2015

Expenses

Up

$44,628,535

Up $1,138,679 (+2.6%) from 2015

Net Income

Down

$10,046,940

Down $133,414 (-1.3%) from 2015

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5B$1.0B$500M$0Assets 2012: $665,422,535Liabilities 2012: $599,444,890Net Assets 2012: $65,977,6452012Assets 2013: $697,866,713Liabilities 2013: $625,483,671Net Assets 2013: $72,383,0422013Assets 2014: $729,210,536Liabilities 2014: $649,782,811Net Assets 2014: $79,427,7252014Assets 2015: $785,047,405Liabilities 2015: $695,482,584Net Assets 2015: $89,564,8212015Assets 2016: $833,942,170Liabilities 2016: $734,396,216Net Assets 2016: $99,545,9542016Assets 2017: $877,314,577Liabilities 2017: $768,245,149Net Assets 2017: $109,069,4282017Assets 2018: $915,280,080Liabilities 2018: $792,728,700Net Assets 2018: $122,551,3802018Assets 2019: $953,378,012Liabilities 2019: $815,261,234Net Assets 2019: $138,116,7782019Assets 2020: $1,164,120,004Liabilities 2020: $1,016,870,834Net Assets 2020: $147,249,1702020Assets 2021: $1,333,432,650Liabilities 2021: $1,184,399,749Net Assets 2021: $149,032,9012021Assets 2022: $1,340,404,197Liabilities 2022: $1,202,822,269Net Assets 2022: $137,581,9282022Assets 2023: $1,341,905,053Liabilities 2023: $1,174,073,187Net Assets 2023: $167,831,8662023Assets 2024: $1,413,827,291Liabilities 2024: $1,212,770,712Net Assets 2024: $201,056,5792024

Highlighted filing

2016

Assets$833,942,170
Liabilities$734,396,216
Net Assets$99,545,954

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0Expenses 2012: $51,393,4832012Revenue 2013: $49,862,841Expenses 2013: $43,451,211Net Income 2013: $6,411,6302013Revenue 2014: $48,140,189Expenses 2014: $41,078,910Net Income 2014: $7,061,2792014Revenue 2015: $53,670,210Expenses 2015: $43,489,856Net Income 2015: $10,180,3542015Revenue 2016: $54,675,475Expenses 2016: $44,628,535Net Income 2016: $10,046,9402016Revenue 2017: $57,312,639Expenses 2017: $47,720,130Net Income 2017: $9,592,5092017Revenue 2018: $62,103,691Expenses 2018: $48,666,908Net Income 2018: $13,436,7832018Revenue 2019: $64,811,265Expenses 2019: $49,548,480Net Income 2019: $15,262,7852019Revenue 2020: $54,956,740Expenses 2020: $50,046,807Net Income 2020: $4,909,9332020Revenue 2021: $53,904,058Expenses 2021: $48,714,467Net Income 2021: $5,189,5912021Revenue 2022: $63,909,343Expenses 2022: $51,640,137Net Income 2022: $12,269,2062022Revenue 2023: $87,883,095Expenses 2023: $62,969,117Net Income 2023: $24,913,9782023Revenue 2024: $102,515,149Expenses 2024: $70,199,866Net Income 2024: $32,315,2832024

Highlighted filing

2016

Revenue$54,675,475
Expenses$44,628,535
Net Income$10,046,940
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 21, 2017
Return Version
2016v3.0
Gross Receipts
$54,727,195
Mission and Program Overview

Mission

Trusted provider of superior financial services to our member-owners.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$396,437,733$421,003,098▲ $24,565,365
Cash and Non-Interest-Bearing Accounts$347,233,231$349,357,976▲ $2,124,745
Rtn Earn Endowment Incm Other Fnds$89,564,821$99,545,954▲ $9,981,133
Investments Program Related$21,203,821$41,430,880▲ $20,227,059
Land, Buildings, and Equipment, Net$4,646,183$6,886,666▲ $2,240,483
Prepaid Expenses and Deferred Charges$2,359,076$2,188,869▼ $170,207
Accounts Receivable$1,687,010$1,615,835▼ $71,175
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$785,047,405$833,942,170▲ $48,894,765
Other Assets Total$11,480,351$11,458,846▼ $21,505
Liabilities
Other Liabilities$690,879,516$729,727,974▲ $38,848,458
Accounts Payable and Accrued Expenses$3,752,405$3,945,200▲ $192,795
Deferred Revenue$850,663$723,042▼ $127,621
Total Liabilities$695,482,584$734,396,216▲ $38,913,632
Net Assets / Fund Balance
Total Net Assets Fund Balance$89,564,821$99,545,954▲ $9,981,133
Total Liabilities and Net Assets / Fund Balance$785,047,405$833,942,170▲ $48,894,765

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,695,452$10,650,909$12,346,361
Buildings$3,465,175$5,401,295$8,866,470
Land$1,399,762-$1,399,762
Leasehold Improvements$326,277$762,312$1,088,589
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Brad BealPresident/CEOFT$454,075$57,559$511,634
Roger WhiteReal Estate Loan OfficerFT$319,580$26,138$345,718
Paul ParrishEvp/COOFT$279,144$48,371$327,515
Anthony TuasonReal Estate Loan OfficerFT$246,346$25,351$271,697
Michael TraficantiSVPFT$202,208$41,643$243,851
Tom ErnspergerSVPFT$196,954$43,986$240,940
Kenneth HughesReal Estate Loan OfficerFT$215,702$18,000$233,702
Greg BarnesSVP/CMOFT$188,586$37,201$225,787
Kim WestoverVP Real EstateFT$189,331$30,492$219,823
STEVE O'DONNELLSVP/CFOFT$169,807$27,105$196,912
Derek TaylorReal Estate Loan OfficerFT$140,818$32,158$172,976

Board Members and Trustees

NameTitle
Bill FlaxaBoard of Directors
Billy MccoyBoard of Directors
Dennis ShipleyBoard of Directors
Mark FerrarioBoard of Directors
Michael LantzBoard of Directors
Pete PetersonBoard of Directors
Vince EckelkampBoard of Directors

Highest Paid Contractors

ContractorServicesLocationCompensation
Martin HarrisGeneral Contractor3030 S HIGHLAND DR, Las Vegas, NV 89109$1,907,957
VantivAtm And Debit Card Processor8500 GOVERNORS HILL DRIVE, Symmes Township, OH 45249$1,568,515
On Target MediaMarketing/media621 DU FORT AVE, Henderson, NV 89002$1,184,226
PscuCredit Card & Gift Card Processor560 CARILLON PARKWAY, St Petersburg, FL 33716$910,162
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$51,615,090
Investment Income
$3,060,385
Other Revenue
$0
Change in Net Assets
$10,046,940
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$22,829,454
Salaries, Compensation, and Employee Benefits$21,192,264
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$15,636,171
Advertising---$2,606,049
Occupancy---$2,584,775
Depreciation Depletion---$2,443,453
Current Officers, Directors, Trustees, and Key Employees---$1,746,639
Other Employee Benefits---$1,624,355
Payroll Taxes---$1,285,345
Pension Plan Contributions---$899,754
Benefits to Members---$606,817
Other Expenses---$498,303
Travel---$420,518
Fees for Services Accounting---$372,471
Fees for Services Legal---$211,210
Total Functional Expenses$0$0$0$44,628,535
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$50,000
Total Exempt Function Spending$50,000

Section 527 Organizations

OrganizationLocationAmount
88-0270264Arlington, VA$10,000
-Boulder City, NV$10,000
80-0520768Las Vegas, NV$2,000
45-3915751Las Vegas, NV$2,000
27-1373046Las Vegas, NV$2,000
27-1205008Las Vegas, NV$2,000
46-4680743Las Vegas, NV$2,000
20-5494183Las Vegas, NV$2,000
45-2924552Las Vegas, NV$1,500
27-0802486Las Vegas, NV$1,500
27-1451790Las Vegas, NV$1,500
32-0292426Henderson, NV$1,500
88-0467508Las Vegas, NV$1,000
45-3807729Henderson, NV$1,000
46-3816746Las Vegas, NV$1,000
46-5305940Las Vegas, NV$1,000
27-2303358Las Vegas, NV$1,000
81-1163067Las Vegas, NV$1,000
47-5412011Henderson, NV$1,000
47-4860402Las Vegas, NV$1,000
47-4627257Las Vegas, NV$1,000
47-5675506Las Vegas, NV$1,000
46-3136319Las Vegas, NV$1,000
47-5633236Gardnerville, NV$1,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities$729,727,974
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

One nevada credit union is a member-owned state chartered financial institution.

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

One nevada credit union is a state chartered credit union and the board is elected by the members.

Form 990, Part VI, Section A, Line 7B

Various decisions could be required to be brought before the members (for example, a charter change).

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

Oncu management, as designated by the board, provides requested data to its third-party cpa firm. Oncu then relies on its third-party cpa firm to correctly generate the forms. Oncu management reviews the forms and then relies on its third-party cpa firm to correctly file the forms with the irs.

Form 990, Part VI, Section B, Line 12C

The corporate/board governance policies are reviewed periodically with all employees and officials.

Form 990, Part VI, Section B, Line 15

The board appointed compensation committee meets annually to review and recommend to the board of directors both the annual incentive bonus program and overall compensation plan for the president/ceo, brad beal. The process includes a review of competitive ceo salary survey data from the cardwell and associates top 200 credit unions ceo total compensation survey and other industry publications as appropriate, such as the kga executive salary survey review/chief executive office. Annually, the board conducts a performance review with the president/ceo to review his overall performance and goal attainment, establish future performance goals and determine the president/ceo's annual compensation. The process for determining compensation for other officers or key employees is similar to the process noted above for the president/ceo.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy, and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
One Nevada Credit Union
EIN
88-0063564
Phone
7026414258
Address
2645 S MOJAVE ROAD, LAS VEGAS, NV 89121

Signing Officer

Name
STEPHEN O'DONNELL
Title
SVP, CFO
Phone
7029485392
Signed
2017-09-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
STEPHEN O'DONNELL
Formed
1950
Legal Domicile
Nv
Voting Board Members
7
Independent Board Members
7
Employees
295
Volunteers
12

Preparer

Firm
Cliftonlarsonallen Llp
Address
20 E THOMAS RD STE 2300, PHOENIX, AZ 85012
Preparer
Anne B Davison
Phone
6022662248
Raw XML AppendixShowing 400 of 832 raw XML fields

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IRS990/Form990PartVIISectionAGrp/TitleTxt16VP REAL ESTATE
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IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0FRIENDS OF SCOTT HAMMOND
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt1NEVADANS TO ELECT ELLIOT ANDERSON
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt2COMMITTEE TO ELECT MARGARET A CARLTON
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt3CAMPAIGN COMMITTEE TO ELECT JASON FRIERSON
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt4COMMITTEE TO ELECT OLIVIA DIAZ
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt5COMMITTEE TO ELECT PAUL ANDERSON
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt6COMMITTEE TO ELECT AARON FORD
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt7ELLEN SPIEGEL CAMPAIGN
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt8COMMITTEE TO ELECT NELSON ARAUJO
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt9COMMITTEE TO ELECT IRENE BAUSTAMANTE-ADAMS
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt10FRIENDS OF DEREK ARMSTRONG
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt11COMMITTEE TO ELECT JAMES OHRENSCHALL
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt12CAMPAIGN FOR JUSTIN WATKINS
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt13COMMITTEE TO ELECT KEITH PICKARD
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt14COMMITTEE TO ELECT NICOLE CANNIZZARO
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt15COMMITTEE TO ELECT OZZIE FUMO
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt16COMMITTEE TO ELECT SANDRA JAUREGUI
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt17COMMITTEE TO ELECT STEVEN YEAGER
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt18COMMITTEE TO ELECT TICK SEGERBLOM
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt19COMMITTEE TO ELECT TYRONE THOMPSON
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt20FRIENDS OF MICHAEL ROBERSON
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt21FLOYD JAMES WHEELER III - WHEELER4NEVADA
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt22NAFCU PAC
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