Clark County Credit Union

Not tax-deductible

Las Vegas, NVMutual-benefit / member-servingSince 1951EIN 88-0065951Revenue $81.9M in FY2024

On file with the IRSccculv.orgPo Box 36490, 89133-6490 · Las Vegas, NVTax-exempt since Oct 1980

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A cooperative, organized for the purpose of promoting thrift and savings among its members.

Run by 12 volunteers and 249 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $12.3M a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.7M
to officers and key staff · 4% of spending
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
48 mo
of spending, in cash
Looks good: 47.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3B
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$81.9M
+24% vs prior year
Spent
$68.7M
To programs
0%
Net assets
$144.8M
By yearFY2020–FY2024
Revenue
$81.9M
FY2024▲ +24%
Tap a bar for its year
Revenue by fiscal year
FY2020$45.1M
FY2021$46.8M
FY2022$52.8M
FY2023$65.9M
FY2024$81.9M
Expenses
$68.7M
FY2024▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$36.7M
FY2021$33.1M
FY2022$40.1M
FY2023$52.6M
FY2024$68.7M
Net assets
$144.8M
FY2024▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$120.8M
FY2021$129.5M
FY2022$114.8M
FY2023$133.5M
FY2024$144.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

18 people listed on the 990; $2.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$501,261Pt VII · Sec A
Chief Financial Officer
$384,658Pt VII · Sec A
Chief Operating Officer
$249,717Pt VII · Sec A
Chief Lending Officer
$239,655Pt VII · Sec A
Chief Technology Officer
$219,780Pt VII · Sec A
Chief Marketing Officer
$216,747Pt VII · Sec A
Mortgage Loan Officer
$200,213Pt VII · Sec A
VP Commercial Lending Manager
$177,835Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Matt Kershaw$501,261$476,411$441,382——
Matthew Kershaw———$408,978$389,382
Patricia Ochal$384,658$395,638$386,760$221,663$217,888
Patricia Johnson————$320,328
David Upham$249,717$251,862$245,782——
Joshua Haldeman$239,655$231,224$221,322$202,249$205,195
Dave Upham———$237,056$213,980
Octavio Lopez———$223,961—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Clark County Credit Union executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes
  • Loans to or from officersSch L · Pt II4 listed

Programs and updates

Encourages thrift and savings among its members through cooperative efforts.

Questions for Clark County Credit Union

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Provided by the organization

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1 program · in their own filed words · FY2024
01

During 2024, clark county credit union maintained a year-to-date net worth ratio of 11.53%. Using a multi-media marketing approach combined with personal customer service and customized lending options. Cccu is living up to its mission of helping members realize their financial goals and dreams.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 23 grants · $207K · 2020–2024
See all 23 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$81.9M
Ln 12
Fees for servicesLn 2g$66.3M
Investment incomeLn 3$15.6M
Money outPt IX
$68.7M
Ln 25
Owns and owesPt X
$144.8M
net assets · Ln 32
Cash and savingsLn 1–2$272.5M
Total assetsLn 16$1.4B
LiabilitiesLn 26$1.3B
PeoplePt VI, VII
18
listed · VII A
PaidVII A11
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$66.3M
Investment incomeLn 3$15.6M
Gains on assetsLn 7$651K
Total revenueLn 12$81.9M
Assets in detailPt X, end of year
CashLn 1$13.0M
SavingsLn 2$259.4M
Cash and savings togetherLn 1–2$272.5M
InvestmentsLn 11–13$1.11B
Land, buildings, equipmentLn 10c$16.6M
Other assetsLn 15$27.0M
Total assetsLn 16$1.4B
LiabilitiesLn 26$1.3B
Net assetsLn 32$144.8M
OperationsPt I, VI
EmployeesI 5249
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$97.8M$272.5M
InvestmentsLn 11–13$1.02B$1.11B
Land, buildings, equipmentLn 10c$16.2M$16.6M
Total assetsLn 16$1.17B$1.43B
LiabilitiesLn 26$1.04B$1.28B
Net assetsLn 32$133.5M$144.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$168K
Pay of current officers, directors and key staffLn 5$1.9M
Other salaries and wagesLn 7$13.6M
Pension plan contributionsLn 8$891K
Other employee benefitsLn 9$1.5M
Payroll taxesLn 10$1.2M
Management feesLn 11a$351K
Legal feesLn 11b$207K
Accounting feesLn 11c$191K
Other fees for servicesLn 11g$3.2M
Advertising and promotionLn 12$2.3M
Office expensesLn 13$6.3M
Information technologyLn 14$265K
OccupancyLn 16$1.5M
TravelLn 17$142K
InterestLn 20$28.2M
Depreciation, depletion and amortizationLn 22$650K
InsuranceLn 23$75K
Other expenses (24a–d)Ln 24$6.1M
All other expensesLn 24e−$63K
Total functional expensesLn 25$68.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $81.9M$68.7M$13.2M$144.8M 990 PDF
FY2023 $65.9M$52.6M$13.3M$133.5M 990 PDF
FY2022 $52.8M$40.1M$12.7M$114.8M 990 PDF
FY2021 $46.8M$33.1M$13.7M$129.5M 990 PDF
FY2020 $45.1M$36.7M$8.4M$120.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $81,894,949 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $58,076,726$66,343,468
I-10 Investment incomePrior year $7,855,970$15,551,481
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $65,932,696$81,894,949
I-13 Grants and similar amounts paidPrior year $106,983$168,047
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $18,348,017$19,113,251
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $34,192,666$49,368,757
I-18 Total expensesPrior year $52,647,666$68,650,055
I-19 Revenue less expensesPrior year $13,285,030$13,244,894
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $81,894,949 across 5 lines filed
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,676,123 · Unrelated business $667,345$66,343,468
VIII-3 Investment incomeRelated to mission $14,900,442$14,900,442
VIII-7 Net gain or loss on sales of assetsRelated to mission $651,039$651,039
VIII-12 Total revenueRelated to mission $81,227,604 · Unrelated business $667,345 · Excluded from tax $0$81,894,949
Part IX · Statement of functional expenses $68,650,055 across 20 lines filed
IX-1 Grants to domestic organizations$168,047
IX-5 Pay of current officers, directors and key staff$1,921,738
IX-7 Other salaries and wages$13,619,284
IX-8 Pension plan contributions$890,938
IX-9 Other employee benefits$1,455,844
IX-10 Payroll taxes$1,225,447
IX-11a Management fees$351,062
IX-11b Legal fees$207,049
IX-11c Accounting fees$190,517
IX-11g Other fees for services$3,231,260
IX-12 Advertising and promotion$2,260,396
IX-13 Office expenses$6,290,869
IX-14 Information technology$265,407
IX-16 Occupancy$1,454,138
IX-17 Travel$141,938
IX-20 Interest$28,211,852
IX-22 Depreciation, depletion and amortization$650,207
IX-23 Insurance$75,317
IX-24 Other expenses (24a–d)$6,101,971
IX-24e All other expenses−$63,226
IX-25 Total functional expenses$68,650,055
Part X · Balance sheet $1,427,571,288 assets, 13 lines filed
Asset lines not itemized here account for $4,323,051; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $13,034,049$13,031,728
X-2 Savings and temporary cash investmentsStart of year $84,721,708$259,421,943
X-9 Prepaid expenses and deferred chargesStart of year $2,182,445$1,704,406
X-10c Land, buildings and equipment, netStart of year $16,200,652$16,648,672
X-11 Publicly traded securitiesStart of year $167,906,642$220,639,810
X-13 Program-related investmentsStart of year $856,117,443$884,821,299
X-15 Other assetsStart of year $30,773,926$26,980,379
X-16 Total assetsStart of year $1,172,665,828$1,427,571,288
X-17 Accounts payable and accrued expensesStart of year $15,748,513$11,234,716
X-25 Other liabilitiesStart of year $1,023,408,157$1,271,536,886
X-26 Total liabilitiesStart of year $1,039,156,670$1,282,771,602
X-32 Total net assets or fund balancesStart of year $133,509,158$144,799,686
X-33 Total liabilities and net assetsStart of year $1,172,665,828$1,427,571,288
Part XI · Reconciliation of net assets $144,799,686 net assets at year end
XI-1 Total revenue$81,894,949
XI-2 Total expenses$68,650,055
XI-3 Revenue less expenses$13,244,894
XI-4 Net assets at start of year$133,509,158
XI-5 Net unrealized gains (losses) on investments−$1,921,327
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets−$33,039
XI-10 Net assets at end of year$144,799,686

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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