Silver State Schools Family Credit Union is headquartered in Las Vegas and is the 2nd largest credit union in the state of Nevada. It is also the 345th largest credit union in the nation. It was established in 1951 and as of December of 2013, it had grown to 168 employees and 54,544 members. Silver State Schools Family Credit Union has a C+ health rating.
Eligibility to join Silver State Schools Credit Union (SSSCU) is based on a "common bond" field of membership. See the “Who Can Join” section of these web pages for a listing. - See Details
Customer service is horrible, new fees popping up everywhere, tellers are undereducated and bank has no respect for long time members. I have stayed with this credit union becuase of convenience due to the fact that they are part of the CU service network and have been a member for 11 years! Finally closed my account and am so happy! P.O.S. customer service supervisor treated me as if I was a 10 year old child, when in fact he was a smarmy, little jerk that hung up on me! They nickle and dime you to death and act as if they are trying to be Chase or Bank of America, but sadly they are not. Goodbye and goodriddance!
I would advise everybody to stay away from this credit union. They have fees associated with just about everything you could imagine and they will not reverse their decision once they charge you. Customer service does not exist, and their representatives will hang up on you if you question them. I would give them a zero star rating if I could. There are other banks on the CU network that I'm sure are much better to deal with.
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 Silver State Schools Family Credit Union had $16.66 million in non-current loans and owned real-estate with $53.04 million in equity and loan loss allowances on hand to cover it. This gives Silver State Schools Family Credit Union a Texas Ratio of 31.41% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Silver State Schools Family Credit Union decreased dramatically from 51.20% as of December 31, 2012 to 31.41% as of December 31, 2013, resulting in a positive change of 38.65%.This indicates that the balance sheet and financial strength for Silver State Schools Family Credit Union has improved dramatically in recent periods.
In the past year, Silver State Schools Family Credit Union has decreased its total deposits by $-963,000, resulting in -0.16% 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 Silver State Schools Family Credit Union has shown is average.
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. Silver State Schools Family Credit Union has $637.39 million in assets with $53.04 million in equity, resulting in a capitalization level of 8.32%, which is average.
|Assets and Liabilities|
|Equity Capital||$34.24 million|
|Loan Loss Allowance||$18.80 million|
|Unbacked Noncurrent Loans||$12.98 million|
|Real Estate Owned||$3.68 million|
|Historic Data - December 2012|
|Equity Capital||$23.24 million|
|Loan Loss Allowance||$20.92 million|
|Unbacked Noncurrent Loans||$12.98 million|
|Real Estate Owned||$3.58 million|
|Profit Margin - Quarterly|
|Net Interest Margin||5.27%|
|Return on Assets||2.13%|
|Return on Equity||39.57%|
|Interest Income||$21.85 million|
Always verify rates and promotions with the bank or credit union. We are not Silver State Schools Family Credit Union, we are a rate comparison website and can not provide official rates or promotions.
|0.25%||-||-||Roth IRA Savings|
|0.05%||-||-||MY Account Savings|
|0.25%||$100k||-||Insured Money Market Plus|
|0.15%||$25k||-||Insured Money Market|
|1.00%||$500||-||60 Month CD|
|0.85%||$500||-||48 - 59 Month CD|
|0.55%||$500||-||36 - 47 Month CD|
|0.55%||$100k||-||36 Month Jumbo CD|
|0.45%||$500||-||24 - 35 Month CD|
|0.45%||$100k||-||24 - 35 Month Jumbo CD|
|0.35%||$100k||-||12 - 23 Month Jumbo CD|
|0.30%||$500||-||12 - 23 Month CD|
|0.30%||$100k||-||6 - 11 Month Jumbo CD|
|0.25%||$500||-||6 - 11 Month CD|
|0.15%||$500||-||3 - 5 Month CD|
|1.00%||$500||-||60 Month IRA (Traditional,Roth,CESA)|
|0.85%||$500||-||48 - 59 Month IRA (Traditional,Roth,CESA)|
|0.55%||$500||-||36 - 47 Month IRA (Traditional,Roth,CESA)|
|0.45%||$500||-||24 - 35 Month IRA (Traditional,Roth,CESA)|
|0.45%||$100k||-||24 Month Jumbo IRA (Traditional,Roth,CESA)|
|0.35%||$100k||-||12 Month Jumbo IRA (Traditional,Roth,CESA)|
|0.30%||$500||-||12 - 23 Month IRA (Traditional,Roth,CESA)|
|Silver State Schools Family Credit Union Locations|
|Branch Office||3876 W Sahara Ave||Las Vegas, NV 89102|
|Branch Office||4221 McLeod Dr||Las Vegas, NV 89121|
|Branch Office||6540 E Lake Mead Blvd||Las Vegas, NV 89156|
|Branch Office||9302 S Eastern Ave||Las Vegas, NV 89123|
|Branch Office||683 N Stephanie St||Henderson, NV 89014|
|Branch Office||6855 Aliante Pkwy||North Las Vegas, NV 89084|
|Branch Office||1650 N Buffalo Dr||Las Vegas, NV 89128|
|Branch Office||4055 S Durango Dr||Las Vegas, NV 89147|
|Branch Office||8400 Farm Rd Ste 160||Las Vegas, NV 89131|