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Nonprofiteer
← ONE NEVADA CREDIT UNION

Form 990 for tax year 2024

Filed by ONE NEVADA CREDIT UNION.

Totals

Total revenue
$102,515,149
Total expenses
$70,199,866
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$61,184,208
Investment income
$41,330,941
Other revenue
$0
Total assets, end of year
$1,413,827,291
Total liabilities, end of year
$1,212,770,712
Net assets or fund balances, end of year
$201,056,579
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LOAN INTEREST

    total $36,655,856 · related or exempt $36,655,856

  • 2b · Program service revenue: FEE INCOME

    total $24,528,352 · related or exempt $24,242,056 · unrelated business $286,296

  • 3 · Investment income

    total $33,538,718 · unrelated business $1,368 · excluded $33,537,350

  • 7a · Gross sales of assets other than inventory

    securities $7,792,335

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $112

  • 7c · Gain or loss

    securities $7,792,335 · other assets -$112

  • 7d · Net gain or loss

    total $7,792,223 · excluded $7,792,223

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $11,632,759

  • 5 · Compensation of officers, directors and key employees

    total $3,794,326

  • 7 · Other salaries and wages

    total $13,767,739

  • 8 · Pension plan contributions

    total $1,323,900

  • 9 · Other employee benefits

    total $2,765,363

  • 10 · Payroll taxes

    total $1,251,385

  • 11b · Fees: legal

    total $77,847

  • 11c · Fees: accounting

    total $120,000

  • 11d · Fees: lobbying

    total $81,500

  • 11g · Fees: other

    total $712,133

  • 12 · Advertising and promotion

    total $3,541,918

  • 13 · Office expenses

    total $593,393

  • 14 · Information technology

    total $1,702,632

  • 16 · Occupancy

    total $3,232,294

  • 17 · Travel

    total $353,157

  • 20 · Interest

    total $26

  • 22 · Depreciation, depletion and amortization

    total $4,737,828

  • 23 · Insurance

    total $181,448

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $7,578,585

  • 24b · Other expenses: VISA CARD PROCESSING

    total $3,756,698

  • 24c · Other expenses: LOAN SERVICING EXPENSE

    total $2,564,994

  • 24d · Other expenses: CREDIT AND CHECK FRAUD

    total $1,405,570

  • 24e · All other expenses

    total $5,024,371

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $115,162,119 · end of year $14,624,811

  • 2 · Savings and temporary cash investments

    beginning of year $280,422,910 · end of year $383,079,614

  • 4 · Accounts receivable

    beginning of year $1,862,664 · end of year $1,937,596

  • 7 · Other notes and loans receivable

    beginning of year $576,623,461 · end of year $604,250,671

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,133,176 · end of year $6,319,434

  • 10a · Land, buildings and equipment: cost or other basis

    $22,902,764

  • 10b · Land, buildings and equipment: accumulated depreciation

    $16,930,654

  • 10c · Land, buildings and equipment, net

    beginning of year $6,566,082 · end of year $5,972,110

  • 11 · Investments: publicly traded securities

    beginning of year $125,771,859 · end of year $143,731,930

  • 12 · Investments: other securities

    beginning of year $209,126,764 · end of year $233,122,577

  • 15 · Other assets

    beginning of year $19,236,018 · end of year $20,788,548

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,841,591 · end of year $11,342,273

  • 19 · Deferred revenue

    beginning of year $1,334,356 · end of year $1,164,935

  • 25 · Other liabilities

    beginning of year $1,163,897,240 · end of year $1,200,263,504

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $167,831,866 · end of year $201,056,579

Mission and programs · 2024

Mission

TRUSTED PROVIDER OF SUPERIOR FINANCIAL SERVICES TO OUR MEMBER-OWNERS.

  • PROVIDE FINANCIAL SERVICES TO MEMBER-OWNERS.

As filed on the 2024 return.

Listed in Part VII

  • Bradley Beal

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Vincent Eckelkamp

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jill Taylor

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael Lantz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mark Ferrario

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Flaxa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Dennis Shipley

    DIRECTOR (THRU 8/26/24)

    Total calculated
    $0
    Hours/week
    1

  • Paul Parrish

    PRESIDENT/CEO

    Total calculated
    $774,267
    From this org
    $760,432
    From related orgs
    $0
    Other
    $13,835
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $562,292
    Bonus
    $177,000
    Other
    $21,140
    Deferred
    $9,968
    Nontaxable benefits
    $3,867
    Filer's total
    $774,267

  • Steve O'Donnell

    COO

    Total calculated
    $399,419
    From this org
    $389,531
    From related orgs
    $0
    Other
    $9,888
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $273,113
    Bonus
    $60,850
    Other
    $55,568
    Deferred
    $7,464
    Nontaxable benefits
    $2,424
    Filer's total
    $399,419

  • Tom Ernsperger

    EVP/CLO

    Total calculated
    $409,711
    From this org
    $395,560
    From related orgs
    $0
    Other
    $14,151
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,293
    Bonus
    $63,141
    Other
    $62,126
    Deferred
    $10,311
    Nontaxable benefits
    $3,840
    Filer's total
    $409,711

  • Michael Traficanti

    SVP HR AND FACILITIES

    Total calculated
    $377,628
    From this org
    $362,155
    From related orgs
    $0
    Other
    $15,473
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $246,283
    Bonus
    $58,602
    Other
    $57,270
    Deferred
    $11,148
    Nontaxable benefits
    $4,325
    Filer's total
    $377,628

  • Eldon Tilley

    SVP MARKETING

    Total calculated
    $199,420
    From this org
    $186,175
    From related orgs
    $0
    Other
    $13,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,612
    Bonus
    $34,130
    Other
    $3,433
    Deferred
    $8,766
    Nontaxable benefits
    $4,479
    Filer's total
    $199,420

  • Trudy McClain

    SVP RETAIL OPERATIONS

    Total calculated
    $214,279
    From this org
    $203,455
    From related orgs
    $0
    Other
    $10,824
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $137,896
    Bonus
    $35,394
    Other
    $30,165
    Deferred
    $8,484
    Nontaxable benefits
    $2,340
    Filer's total
    $214,279

  • Tracy Ryan

    SVP RISK MANAGEMENT

    Total calculated
    $191,236
    From this org
    $182,138
    From related orgs
    $0
    Other
    $9,098
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,652
    Bonus
    $32,079
    Other
    $29,407
    Deferred
    $6,466
    Nontaxable benefits
    $2,632
    Filer's total
    $191,236

  • Chris Wible

    VP INVESTMENTS

    Total calculated
    $272,195
    From this org
    $258,652
    From related orgs
    $0
    Other
    $13,543
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $103,952
    Bonus
    $133,287
    Other
    $21,413
    Deferred
    $9,440
    Nontaxable benefits
    $4,103
    Filer's total
    $272,195

  • Jesse Shearin

    SVP INFORMATION TECHNOLOGY

    Total calculated
    $215,951
    From this org
    $204,117
    From related orgs
    $0
    Other
    $11,834
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,561
    Bonus
    $29,452
    Other
    $4,104
    Deferred
    $9,134
    Nontaxable benefits
    $2,700
    Filer's total
    $215,951

  • Julianna Holmes

    SVP/CFO

    Total calculated
    $169,136
    From this org
    $161,125
    From related orgs
    $0
    Other
    $8,011
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,432
    Bonus
    $21,978
    Other
    $2,715
    Deferred
    $6,505
    Nontaxable benefits
    $1,506
    Filer's total
    $169,136

  • Mohammad Nemati

    VP CONSUMER LENDING

    Total calculated
    $172,366
    From this org
    $162,809
    From related orgs
    $0
    Other
    $9,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,592
    Bonus
    $23,000
    Other
    $19,217
    Deferred
    $6,857
    Nontaxable benefits
    $2,700
    Filer's total
    $172,366

  • Cindy Vela

    VP DIGITAL SERVICES & DEVELOPMENT

    Total calculated
    $173,668
    From this org
    $163,938
    From related orgs
    $0
    Other
    $9,730
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,948
    Bonus
    $24,990
    Other
    $0
    Deferred
    $7,390
    Nontaxable benefits
    $2,340
    Filer's total
    $173,668

  • Alan Chang

    PRESIDENT ONCU INSURANCE SRVS

    Total calculated
    $225,050
    From this org
    $217,335
    From related orgs
    $0
    Other
    $7,715
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $113,838
    Bonus
    $71,035
    Other
    $32,462
    Deferred
    $5,015
    Nontaxable benefits
    $2,700
    Filer's total
    $225,050

  • Daniel Duffy

    INVSTMENT REPRESENTIVE

    Total calculated
    $197,247
    From this org
    $186,688
    From related orgs
    $0
    Other
    $10,559
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $4,437
    Bonus
    $181,770
    Other
    $481
    Deferred
    $8,219
    Nontaxable benefits
    $2,340
    Filer's total
    $197,247

  • Maria Dlouhy

    AVP EFT OPERATIONS

    Total calculated
    $156,141
    From this org
    $150,614
    From related orgs
    $0
    Other
    $5,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $134,793
    Bonus
    $15,821
    Other
    $0
    Deferred
    $3,187
    Nontaxable benefits
    $2,340
    Filer's total
    $156,141

  • Jeremias Escoto

    DIRECTOT OF IT NETWORK OPS

    Total calculated
    $156,112
    From this org
    $146,907
    From related orgs
    $0
    Other
    $9,205
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $133,930
    Bonus
    $12,977
    Other
    $0
    Deferred
    $6,505
    Nontaxable benefits
    $2,700
    Filer's total
    $156,112

  • Roger White

    RE LOAN OFFICER (THRU 6/1/24)

    Total calculated
    $140,576
    From this org
    $132,215
    From related orgs
    $0
    Other
    $8,361
    Hours/week
    40

  • Antony Tuason

    REAL ESTATE LOAN OFFICER

    Total calculated
    $226,852
    From this org
    $217,148
    From related orgs
    $0
    Other
    $9,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $25,169
    Bonus
    $137,237
    Other
    $54,742
    Deferred
    $7,364
    Nontaxable benefits
    $2,340
    Filer's total
    $226,852

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
THE ORGANIZATION HAS AUTHORIZED TRAVEL FOR COMPANIONS FOR BOARD MEMBERS WHICH IS PAID THROUGH THEIR 1099.
PART I, LINE 4B
THE CREDIT UNION HAS A 457(F) SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN FOR A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES. CONTRIBUTIONS TO THIS PLAN DURING 2024 WERE AS FOLLOWS: PAUL PARRISH, PRESIDENT/CEO - $70,858 TOM ERNSPERGER, EVP/CLO - $34,631 STEVE O'DONNELL, EVP,CFO - $33,656 MICHAEL TRAFICANTI, SVP HR AND FACILITIES - $32,334 JESSE SHEARIN, SVP INFORMATION TECHNOLOGY - $21,097 ELDON TILLEY, SVP, MARKETING - $19,882 TRUDY MCCLAIN, SVP RETAIL OPERATIONS - $18,954 CHRIS WIBLE, VP INVESTMENTS - $18,368 ANTHONY HUMPHREY, VP REAL ESTATE LENDING - $17,478 MOHAMMED NEMATI, VP CONSUMER LENDING - $15,572 CINDY VELA, VP DIGITAL SERVICES & DEVELOPMENT - $11,358 TRACY RYAN, SVP RISK MANAGMENT - $7,520 ALAN CHANG, PRESIDENT ONCU INSURANCE SERVICES, - $6,906 JULIANNA HOLMES, SVP/CFO FINANCIAL OPERATIONS - $6,659 DISTRIBUTIONS FROM THIS PLAN DURING 2024 WERE AS FOLLOWS: TOM ERNSPERGER, EVP/CLO - $62,326 MICHAEL TRAFICANTI, SVP HR AND FACILITIES - $51,500 STEVE O'DONNELL, EVP,CFO - $49,570 ALAN CHANG, PRESIDENT ONCU INSURANCE SERVICES, - $32,462 TRUDY MCCLAIN, SVP RETAIL OPERATIONS - $26,761 TRACY RYAN, SVP RISK MANAGMENT - $26,514 CHRIS WIBLE, VP INVESTMENTS - $21,413 MOHAMMED NEMATI, VP CONSUMER LENDING - $16,363

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ONE NEVADA INSURANCE SERVICES LLC

    AUTO & HOMEOWNER INSURANCE · NV · income $1,312,778 · assets $557,276

    Directly controlled by ONE NEVADA CREDIT UNION

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202522939349300857

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