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Nonprofiteer
← ONE NEVADA CREDIT UNION

Form 990 for tax year 2025

Filed by ONE NEVADA CREDIT UNION.

Totals

Total revenue
$95,815,120
Total expenses
$73,368,520
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$62,541,861
Investment income
$33,273,259
Other revenue
$0
Total assets, end of year
$1,488,865,715
Total liabilities, end of year
$1,255,370,215
Net assets or fund balances, end of year
$233,495,500
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 $39,418,816 · related or exempt $39,418,816

  • 2b · Program service revenue: FEE INCOME

    total $23,123,045 · related or exempt $22,851,061 · unrelated business $271,984

  • 3 · Investment income

    total $33,349,957 · excluded $33,349,957

  • 7a · Gross sales of assets other than inventory

    other assets $23,302

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

    securities $100,000 · other assets $0

  • 7c · Gain or loss

    securities -$100,000 · other assets $23,302

  • 7d · Net gain or loss

    total -$76,698 · excluded -$76,698

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $12,573,761

  • 5 · Compensation of officers, directors and key employees

    total $4,909,589

  • 7 · Other salaries and wages

    total $13,397,605

  • 8 · Pension plan contributions

    total $1,030,932

  • 9 · Other employee benefits

    total $2,874,342

  • 10 · Payroll taxes

    total $1,308,332

  • 11b · Fees: legal

    total $474,626

  • 11c · Fees: accounting

    total $120,000

  • 11d · Fees: lobbying

    total $48,000

  • 11g · Fees: other

    total $759,128

  • 12 · Advertising and promotion

    total $4,356,213

  • 13 · Office expenses

    total $629,990

  • 14 · Information technology

    total $1,438,882

  • 16 · Occupancy

    total $3,123,216

  • 17 · Travel

    total $406,500

  • 21 · Payments to affiliates

    total $23

  • 22 · Depreciation, depletion and amortization

    total $4,893,596

  • 23 · Insurance

    total $186,522

  • 24a · Other expenses: PROVISION FOR LOAN LOSS

    total $7,777,282

  • 24b · Other expenses: VISA CARD PROCESSING

    total $4,048,922

  • 24c · Other expenses: LOAN SERVICING EXPENSE

    total $2,524,507

  • 24d · Other expenses: EQUIPMENT MAINTENANCE

    total $1,646,845

  • 24e · All other expenses

    total $4,839,707

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,624,811 · end of year $16,611,205

  • 2 · Savings and temporary cash investments

    beginning of year $383,079,614 · end of year $412,029,967

  • 4 · Accounts receivable

    beginning of year $1,937,596 · end of year $2,112,475

  • 7 · Other notes and loans receivable

    beginning of year $604,250,671 · end of year $606,998,956

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,319,434 · end of year $4,839,871

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

    $23,048,970

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

    $17,056,900

  • 10c · Land, buildings and equipment, net

    beginning of year $5,972,110 · end of year $5,992,070

  • 11 · Investments: publicly traded securities

    beginning of year $143,731,930 · end of year $208,981,479

  • 12 · Investments: other securities

    beginning of year $233,122,577 · end of year $209,445,908

  • 15 · Other assets

    beginning of year $20,788,548 · end of year $21,853,784

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,342,273 · end of year $8,864,829

  • 19 · Deferred revenue

    beginning of year $1,164,935 · end of year $1,183,014

  • 25 · Other liabilities

    beginning of year $1,200,263,504 · end of year $1,245,322,372

  • 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 $201,056,579 · end of year $233,495,500

Mission and programs · 2025

Mission

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

  • PROVIDE FINANCIAL SERVICES TO MEMBER-OWNERS.

As filed on the 2025 return.

Listed in Part VII

  • Paul Parrish

    PRESIDENT/CEO & DIRECTOR (END 08/25)

    Total calculated
    $1,406,219
    From this org
    $1,392,717
    From related orgs
    $0
    Other
    $13,502
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $643,871
    Bonus
    $307,390
    Other
    $441,456
    Deferred
    $11,702
    Nontaxable benefits
    $1,800
    Filer's total
    $1,406,219

  • Steve O'Donnell

    PRESIDENT/CEO (START 9/25)

    Total calculated
    $496,301
    From this org
    $485,712
    From related orgs
    $0
    Other
    $10,589
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $363,351
    Bonus
    $64,381
    Other
    $57,980
    Deferred
    $9,654
    Nontaxable benefits
    $935
    Filer's total
    $496,301

  • Tom Ernsperger

    EVP/COO

    Total calculated
    $433,335
    From this org
    $418,029
    From related orgs
    $0
    Other
    $15,306
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $294,959
    Bonus
    $66,809
    Other
    $56,261
    Deferred
    $11,661
    Nontaxable benefits
    $3,645
    Filer's total
    $433,335

  • Michael Traficanti

    SVP HR AND FACILITIES

    Total calculated
    $404,350
    From this org
    $388,176
    From related orgs
    $0
    Other
    $16,174
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,847
    Bonus
    $62,003
    Other
    $57,326
    Deferred
    $11,949
    Nontaxable benefits
    $4,225
    Filer's total
    $404,350

  • Chris Wible

    VP INVESTMENTS

    Total calculated
    $251,579
    From this org
    $239,224
    From related orgs
    $0
    Other
    $12,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $110,411
    Bonus
    $86,811
    Other
    $42,002
    Deferred
    $8,794
    Nontaxable benefits
    $3,561
    Filer's total
    $251,579

  • Jesse Shearin

    SVP INFORMATION TECHNOLOGY

    Total calculated
    $246,835
    From this org
    $237,048
    From related orgs
    $0
    Other
    $9,787
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,265
    Bonus
    $44,679
    Other
    $4,104
    Deferred
    $7,312
    Nontaxable benefits
    $2,475
    Filer's total
    $246,835

  • Trudy McClain

    SVP RETAIL OPERATIONS

    Total calculated
    $237,474
    From this org
    $228,612
    From related orgs
    $0
    Other
    $8,862
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,808
    Bonus
    $37,402
    Other
    $28,402
    Deferred
    $6,717
    Nontaxable benefits
    $2,145
    Filer's total
    $237,474

  • Alan Chang

    PRESIDENT ONCU INSURANCE SRVS

    Total calculated
    $228,362
    From this org
    $220,888
    From related orgs
    $0
    Other
    $7,474
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,911
    Bonus
    $66,328
    Other
    $27,649
    Deferred
    $4,999
    Nontaxable benefits
    $2,475
    Filer's total
    $228,362

  • Eldon Tilley

    SVP MARKETING

    Total calculated
    $220,591
    From this org
    $208,420
    From related orgs
    $0
    Other
    $12,171
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,940
    Bonus
    $39,842
    Other
    $3,638
    Deferred
    $9,696
    Nontaxable benefits
    $2,475
    Filer's total
    $220,591

  • Julianna Holmes

    SVP/CFO

    Total calculated
    $208,872
    From this org
    $199,421
    From related orgs
    $0
    Other
    $9,451
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $172,861
    Bonus
    $23,177
    Other
    $3,383
    Deferred
    $8,131
    Nontaxable benefits
    $1,320
    Filer's total
    $208,872

  • Tracy Ryan

    SVP RISK MANAGEMENT

    Total calculated
    $208,768
    From this org
    $200,092
    From related orgs
    $0
    Other
    $8,676
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $138,414
    Bonus
    $33,884
    Other
    $27,794
    Deferred
    $6,531
    Nontaxable benefits
    $2,145
    Filer's total
    $208,768

  • Anthony Humphrey

    VP REAL ESTATE LENDING

    Total calculated
    $194,225
    From this org
    $181,036
    From related orgs
    $0
    Other
    $13,189
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,125
    Bonus
    $9,925
    Other
    $21,986
    Deferred
    $7,919
    Nontaxable benefits
    $5,270
    Filer's total
    $194,225

  • Cindy Vela

    VP DIGITAL SERVICES & DEVELOPMENT

    Total calculated
    $187,160
    From this org
    $176,965
    From related orgs
    $0
    Other
    $10,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,595
    Bonus
    $26,370
    Other
    $0
    Deferred
    $8,050
    Nontaxable benefits
    $2,145
    Filer's total
    $187,160

  • Mohammad Nemati

    SVP LENDING

    Total calculated
    $185,518
    From this org
    $175,578
    From related orgs
    $0
    Other
    $9,940
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $132,642
    Bonus
    $24,260
    Other
    $18,676
    Deferred
    $7,465
    Nontaxable benefits
    $2,475
    Filer's total
    $185,518

  • Anthony Tuason

    REAL ESTATE LOAN OFFICER

    Total calculated
    $172,048
    From this org
    $162,734
    From related orgs
    $0
    Other
    $9,314
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $27,249
    Bonus
    $129,274
    Other
    $6,211
    Deferred
    $7,169
    Nontaxable benefits
    $2,145
    Filer's total
    $172,048

  • Jeremias Escoto

    NETWORK OPERATIONS DIRECTOR

    Total calculated
    $165,450
    From this org
    $156,081
    From related orgs
    $0
    Other
    $9,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $141,687
    Bonus
    $11,478
    Other
    $2,916
    Deferred
    $6,894
    Nontaxable benefits
    $2,475
    Filer's total
    $165,450

  • Robert Kraus

    VP BUSINESS LENDING

    Total calculated
    $158,064
    From this org
    $145,701
    From related orgs
    $0
    Other
    $12,363
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $121,331
    Bonus
    $21,716
    Other
    $2,654
    Deferred
    $6,655
    Nontaxable benefits
    $5,708
    Filer's total
    $158,064

  • Simon Yu

    LEAD SOFTWARE ENGINEER

    Total calculated
    $150,174
    From this org
    $142,533
    From related orgs
    $0
    Other
    $7,641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,307
    Bonus
    $14,275
    Other
    $2,951
    Deferred
    $6,694
    Nontaxable benefits
    $947
    Filer's total
    $150,174

  • Cody Goulding

    VP FINANCIAL OPERATION

    Total calculated
    $147,545
    From this org
    $143,652
    From related orgs
    $0
    Other
    $3,893
    Hours/week
    40

  • Mark Ferrario

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Michael Lantz

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Jill Taylor

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Bradley Beal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Vincent Eckelkamp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Flaxa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 2025 WERE AS FOLLOWS: PAUL PARRISH, PRESIDENT/CEO - $61,973 STEVE O'DONNELL, EVP,CFO - $39,844 TOM ERNSPERGER, EVP/CLO - $37,264 MICHAEL TRAFICANTI, SVP HR AND FACILITIES - $34,784 JESSE SHEARIN, SVP INFORMATION TECHNOLOGY - $24,237 ELDON TILLEY, SVP, MARKETING - $21,581 TRUDY MCCLAIN, SVP RETAIL OPERATIONS - $20,398 ANTHONY HUMPHREY, VP REAL ESTATE LENDING - $18,641 CHRIS WIBLE, VP INVESTMENTS - $17,689 MOHAMMED NEMATI, VP CONSUMER LENDING - $16,652 CINDY VELA, VP DIGITAL SERVICES & DEVELOPMENT - $14,161 JULIANNA HOLMES, SVP/CFO FINANCIAL OPERATIONS - $11,156 ROBERT KRAUS, VP BUSINESS LENDING - $8,326 TRACY RYAN, SVP RISK MANAGMENT - $7,971 ALAN CHANG, PRESIDENT ONCU INSURANCE SERVICES, - $7,321 DISTRIBUTIONS FROM THIS PLAN DURING 2025 WERE AS FOLLOWS: TOM ERNSPERGER, EVP/CLO - $56,261 MICHAEL TRAFICANTI, SVP HR AND FACILITIES - $51,268 STEVE O'DONNELL, EVP,CFO - $49,422 ALAN CHANG, PRESIDENT ONCU INSURANCE SERVICES, - $48,763 PAUL PARRISH, PRESIDENT/CEO - $31,565 TRUDY MCCLAIN, SVP RETAIL OPERATIONS - $24,792 TRACY RYAN, SVP RISK MANAGMENT - $24,728 ANTHONY HUMPHREY, VP REAL ESTATE LENDING - $21,987 CHRIS WIBLE, VP INVESTMENTS - $19,714 MOHAMMED NEMATI, VP CONSUMER LENDING - $15,679

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 $1,431,839 · assets $583,707

    Directly controlled by ONE NEVADA CREDIT UNION

Provenance

Return type
form_990
Tax year
2025
Filed
17 September 2026
IRS schema version
2025v4.2
Source object
202622649349300927

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