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Not Federally Insured
702-733-8820
4221 South McLeod Drive
Las Vegas, NV 89121

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 350th largest credit union in the nation. It was established in 1951 and as of March of 2014, it had grown to 169 employees and 54,234 members. Silver State Schools Family Credit Union's savings rates are 6X the national average, and it has a B health rating.

Field of Membership Restrictions

Silver State Schools Credit Union service area is the entire state of Nevada, and we serve: -- Persons who work in or are volunteers, trustees or board members of public or private schools, colleges, universities, school districts or educational associations located in the state of Nevada. -- Persons aged 16 and older enrolled in the above schools, colleges, universities, school districts or educational associations. --Persons who are retirees, pensioners, annuitants of public or private schools, colleges, universities, school districts or educational associations. -- The members and/or employees (and their families) of certain other specified local organizations and companies. Please see our site for more details. - See Details

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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 Q1 2014

Institution Health

B

Texas Ratio

GRADE:
C+

The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Silver State Schools Family Credit Union had $12.49 million in non-current loans and owned real-estate with $54.37 million in equity and loan loss allowances on hand to cover it. This gives Silver State Schools Family Credit Union a Texas Ratio of 22.98% 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 45.87% as of March 31, 2013 to 22.98% as of March 31, 2014, resulting in a positive change of 49.91%.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 -$4.14 million, resulting in -0.68% 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 $655.57 million in assets with $54.37 million in equity, resulting in a capitalization level of 8.29%, which is average.

Institution Statistics

Overall
NCUA #97085
Year Chartered1951
Employees169
Primary Regulator
Assets and Liabilities
Assets$655.57 million
Loans$394.60 million
Deposits$608.38 million
Equity Capital$37.03 million
Loan Loss Allowance$17.33 million
Unbacked Noncurrent Loans$10.27 million
Real Estate Owned$2.23 million
Historic Data - March 2013
Assets$644.41 million
Equity Capital$22.48 million
Loan Loss Allowance$22.68 million
Unbacked Noncurrent Loans$10.27 million
Real Estate Owned$3.01 million
Profit Margin - Quarterly
Net Interest Margin1.23%
Return on Assets1.52%
Return on Equity26.96%
Interest Income$5.14 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
3.00%-$500Member Advantage Regular Savings - Qualifying
3.00%-$500Member Advantage Junior Account - Qualifying
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
0.05%--Member Advantage Regular Savings - Non Qualifying
0.05%--Member Advantage Junior Account - Non Qualifying

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
3.00%-$500Member Advantage Regular Checking - Qualifying

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
0.85%$500-48 - 59 Month IRA
0.55%$500-36 - 47 Month IRA
0.45%$500-24 - 35 Month IRA
0.45%$100k-24 Month Jumbo IRA
0.35%$100k-12 Month Jumbo IRA
0.30%$500-12 - 23 Month IRA
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