1 star ratingAverage User Rating:
1 star rating based on 1 review.

One Nevada Credit Union

2645 S Mojave Road
Las Vegas, NV 89114
(800) 388-3000
www.onenevada.org

NCUA

One Nevada Credit Union is headquartered in Las Vegas and is the largest credit union in the state of Nevada. It is also the 317st largest credit union in the nation. It was established in 1950 and as of December of 2012, it had grown to 232 employees and 75,293 members. One Nevada Credit Union has a 4-star health rating.

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Converting To A State-Chartered Credit Union (Forum) - 7/16/2011

From the Las Vegas Review-Journal Nevada Federal Credit Union is converting to a state-chartered institution, a decision that if approved by its members will allow the credit union to serve 300,000 more potential members It's interesting to see that st



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See Rates for: Checking | Savings | Money Market | CD | IRA

One Nevada Credit Union Checking Account Rates

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0.00%$10k-Checking Account

One Nevada Credit Union Savings Account Rates

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0.05%--Primary Savings
0.05%--Holiday Club
0.05%--Special Share

One Nevada Credit Union Money Market Rates

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0.25%--Preferred Money Market
0.15%$25k-MoneyMaker Account
0.15%$25k-MoneyMaker IRA

One Nevada Credit Union CD Rates

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0.50%$1k-4 Year CD
0.40%$1k-3 Year CD
0.30%$1k-2 Year CD
0.20%$1k-1 Year CD
0.15%$1k-6 Month CD
0.10%$1k-3 Month CD

One Nevada Credit Union IRA Rates

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0.50%$1k-4 Year IRA
0.40%$1k-3 Year IRA
0.30%$1k-2 Year IRA
0.20%$1k-1 Year IRA
0.15%$1k-6 Month IRA
0.10%$1k-3 Month IRA

Rates updated: 5/21/2013

Data for Q4 2012


Institution Statistics


ONE NEVADA CREDIT UNION
NCUA #68613
BankRate ReportView
Year Chartered1950
Employees232
Primary Regulator

Assets and Liabilities

Assets$665.72 million
Loans$356.57 million
Deposits$592.72 million
Equity Capital$65.98 million
Loan Loss Allowance$24.97 million
Unbacked Noncurrent Loans$13.95 million
Real Estate Owned$1.11 million

Historic Data - December 2011

Assets$682.67 million
Equity Capital$63.54 million
Loan Loss Allowance$26.70 million
Unbacked Noncurrent Loans$12.73 million
Real Estate Owned$2.37 million

Profit Margin - Quarterly

Net Interest Margin6.04%
Return on Assets0.37%
Return on Equity3.76%
Interest Income$23.08 million
Non-Interest Income$31.20 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 One Nevada Credit Union had $15.06 million in non-current loans and owned real-estate with $90.94 million in equity and loan loss allowances on hand to cover it. This gives One Nevada Credit Union a Texas Ratio of 16.56% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for One Nevada Credit Union held steady from 16.74% as of December 31, 2011 to 16.56% as of December 31, 2012, resulting in a positive change of 1.05%.This indicates that the balance sheet and financial strength for One Nevada Credit Union has held steady in recent periods.
Deposit Growth3
In the past year, One Nevada Credit Union has decreased its total deposits by -$5.64 million, resulting in -0.94% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth One Nevada Credit Union has shown is average.
Capitalization5
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. One Nevada Credit Union has $665.72 million in assets with $90.94 million in equity, resulting in a capitalization level of 13.66%, which is excellent.
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Avoid This Bank At All Costs
1 stars - boarddesigner - Thursday, January 24, 2013 - 12:28 PM

This bank put a hold on a personal check from another account that I to had deposited to this bank on several occasions.  When I called in to ask what was going on they told me that I had to send proof that other bank has cleared this check.  This sounds ridiculous to me and extremely offensive.  I am certain with all the technology out there in this day and age they knew the moment it cleared. What was trully torubling about this is that a woman named Rachael who apparently is the call center supervisor told me the first time I called that the other bank stated to them that the check was no good.  After hearing this I was extremely concerned and immediatly checked other account and confirmed all was indeed "good". (I even called my banker at this other establishment and they imformed me there was no such transaction between these two banks)  The second time I called Rachael at nevada Federal, she changed her story to say that it was not the other bank but was the federal reserve that told them to place a hold on this check.  Huh???
I am wondering how many others have had this torubling experience the One Nevada Federal Credit Union.  I am truly considering a class action or in the very least starting a blog of some sort so people can sound off and possibly be heard by urchines of this ilk.

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