Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Silver State Schools Family Credit Union

Based on 2 reviews
Overview / Commentary
Not Federally Insured
800-357-9654
P.O. Box 12037
Las Vegas, NV 89112

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.

Field of Membership Restrictions

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

Related Posts



Reviews (2)

Awful Credit Union.

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!

Worst Credit Union By Far.

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.



Health

Data for Q4 2013

Institution Health

C+

Texas Ratio

GRADE:
C

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.

Texas Ratio Trend

GRADE:
A

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.

Deposit Growth

GRADE:
C+

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.

Capitalization

GRADE:
C

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.

Institution Statistics

Overall
NCUA #97085
Year Chartered1951
Employees168
Primary Regulator
Assets and Liabilities
Assets$637.39 million
Loans$398.28 million
Deposits$594.17 million
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
Assets$622.37 million
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 Margin5.27%
Return on Assets2.13%
Return on Equity39.57%
Interest Income$21.85 million
Rates

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.

Silver State Schools Family Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Savings
0.25%--Roth IRA Savings
0.25%--CESA Savings
0.05%--Regular Savings
0.05%--Junior Savings
0.05%--MY Account Savings
0.05%--Secondary Savings

Silver State Schools Family Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.25%$100k-Insured Money Market Plus
0.15%$25k-Insured Money Market

Silver State Schools Family Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.00%--Regular Checking

Silver State Schools Family Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
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

Silver State Schools Family Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
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)
Locations


Silver State Schools Family Credit Union Locations
Branch Office3876 W Sahara AveLas Vegas, NV 89102
Branch Office4221 McLeod DrLas Vegas, NV 89121
Branch Office6540 E Lake Mead BlvdLas Vegas, NV 89156
Branch Office9302 S Eastern AveLas Vegas, NV 89123
Branch Office683 N Stephanie StHenderson, NV 89014
Branch Office6855 Aliante PkwyNorth Las Vegas, NV 89084
Branch Office1650 N Buffalo DrLas Vegas, NV 89128
Branch Office4055 S Durango DrLas Vegas, NV 89147
Branch Office8400 Farm Rd Ste 160Las Vegas, NV 89131