One Nevada Credit Union is headquartered in Las Vegas and is the largest credit union in the state of Nevada. It is also the 311st largest credit union in the nation. It was established in 1950 and as of December of 2013, it had grown to 239 employees and 74,717 members. One Nevada Credit Union has a A+ health rating.
If you live, work, worship or attend school in any one of the following regions, you can become a member! Clark County, Nevada Nellis Air Force Base, Nevada Washoe County, Nevada Nye County, Nevada. - See Details
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.
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, 2013 One Nevada Credit Union had $6.9 million in non-current loans and owned real-estate with $94.15 million in equity and loan loss allowances on hand to cover it. This gives One Nevada Credit Union a Texas Ratio of 7.33% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for One Nevada Credit Union decreased dramatically from 16.56% as of December 31, 2012 to 7.33% as of December 31, 2013, resulting in a positive change of 55.74%.This indicates that the balance sheet and financial strength for One Nevada Credit Union has improved dramatically in recent periods.
In the past year, One Nevada Credit Union has increased its total deposits by $27.07 million, resulting in 4.57% 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 excellent.
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 $698.56 million in assets with $94.15 million in equity, resulting in a capitalization level of 13.48%, which is excellent.
|Assets and Liabilities|
|Equity Capital||$72.38 million|
|Loan Loss Allowance||$21.76 million|
|Unbacked Noncurrent Loans||$6.90 million|
|Real Estate Owned||$0|
|Historic Data - December 2012|
|Equity Capital||$65.98 million|
|Loan Loss Allowance||$24.97 million|
|Unbacked Noncurrent Loans||$6.90 million|
|Real Estate Owned||$1.11 million|
|Profit Margin - Quarterly|
|Net Interest Margin||5.97%|
|Return on Assets||0.92%|
|Return on Equity||8.86%|
|Interest Income||$20.66 million|
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|0.25%||-||-||Preferred Money Market|
|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|
|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|