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Nonprofiteer
← GREATER NEVADA CREDIT UNION

Form 990 for tax year 2024

Filed by GREATER NEVADA CREDIT UNION.

Totals

Total revenue
$108,667,755
Total expenses
$146,742,098
Contributions and grants received
$0
Grants paid
$818,620
Program service revenue
$100,090,366
Investment income
$8,518,979
Other revenue
$58,410
Total assets, end of year
$1,735,932,952
Total liabilities, end of year
$1,671,855,189
Net assets or fund balances, end of year
$64,077,763
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: INTEREST - MEMBER LOAN

    total $65,290,993 · related or exempt $65,290,993

  • 2b · Program service revenue: FEES & SERVICE CHARGES

    total $12,342,493 · related or exempt $12,342,493

  • 2c · Program service revenue: INTERCHANGE INCOME

    total $8,608,727 · related or exempt $8,608,727

  • 2d · Program service revenue: GAIN ON SALE OF LOANS

    total $1,686,551 · related or exempt $1,686,551

  • 2e · Program service revenue: SERVICING FEES

    total $1,473,437 · related or exempt $1,473,437

  • 2f · All other program service revenue

    total $10,688,165 · related or exempt $9,189,764 · unrelated business $1,498,401

  • 3 · Investment income

    total $8,504,989 · unrelated business -$1,287,529 · excluded $9,792,518

  • 6a · Gross rents

    real property $787,043

  • 6b · Less rental expenses

    real property $728,633

  • 6c · Rental income or loss

    real property $58,410

  • 6d · Net rental income or loss

    total $58,410 · excluded $58,410

  • 7a · Gross sales of assets other than inventory

    other assets $95,195

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

    other assets $81,205

  • 7c · Gain or loss

    other assets $13,990

  • 7d · Net gain or loss

    total $13,990 · excluded $13,990

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $751,620

  • 2 · Grants to domestic individuals

    total $67,000

  • 5 · Compensation of officers, directors and key employees

    total $2,821,373

  • 6 · Compensation of disqualified persons

    total $189,451

  • 7 · Other salaries and wages

    total $20,733,171

  • 8 · Pension plan contributions

    total $655,422

  • 9 · Other employee benefits

    total $3,467,648

  • 10 · Payroll taxes

    total $1,908,052

  • 11b · Fees: legal

    total $4,856,693

  • 11c · Fees: accounting

    total $250,896

  • 11f · Fees: investment management

    total $117,862

  • 11g · Fees: other

    total $2,313,717

  • 12 · Advertising and promotion

    total $3,497,178

  • 13 · Office expenses

    total $2,953,256

  • 14 · Information technology

    total $3,243,644

  • 16 · Occupancy

    total $2,126,411

  • 17 · Travel

    total $307,814

  • 19 · Conferences, conventions and meetings

    total $261,007

  • 20 · Interest

    total $30,499,320

  • 22 · Depreciation, depletion and amortization

    total $4,927,217

  • 23 · Insurance

    total $181,269

  • 24a · Other expenses: LOAN LOSS PROVISION

    total $24,211,403

  • 24b · Other expenses: OTHER OPERATING EXPENSE

    total $23,344,882

  • 24c · Other expenses: PROCESSING COSTS

    total $6,271,215

  • 24d · Other expenses: LICENSES AND FEES

    total $3,459,319

  • 24e · All other expenses

    total $3,325,258

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $42,871,676 · end of year $33,080,685

  • 2 · Savings and temporary cash investments

    beginning of year $55,074,390 · end of year $89,868,846

  • 5 · Loans and receivables from officers and key people

    beginning of year $1,590,546 · end of year $388,015

  • 7 · Other notes and loans receivable

    beginning of year $1,292,262,194 · end of year $1,322,146,326

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,983,451 · end of year $3,895,649

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

    $93,922,821

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

    $46,376,567

  • 10c · Land, buildings and equipment, net

    beginning of year $50,479,476 · end of year $47,546,254

  • 11 · Investments: publicly traded securities

    beginning of year $207,639,712 · end of year $182,537,595

  • 12 · Investments: other securities

    beginning of year $7,159,079 · end of year $7,426,632

  • 13 · Investments: program-related

    beginning of year $2,410,526 · end of year $0

  • 14 · Intangible assets

    beginning of year $2,363,171 · end of year $2,286,171

  • 15 · Other assets

    beginning of year $90,012,860 · end of year $46,756,779

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,176,410 · end of year $14,280,293

  • 23 · Secured mortgages and notes payable

    beginning of year $420,131 · end of year $0

  • 25 · Other liabilities

    beginning of year $1,642,464,676 · end of year $1,657,574,896

  • 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 $100,785,864 · end of year $64,077,763

Mission and programs · 2024

Mission

TO PROVIDE QUALITY FINANCIAL SERVICES TO MEMBERS.

  • FINANCIAL SERVICES - BANKING ACTIVITIES, INCLUDING LOANS AND DEPOSITS. TOTAL MEMBERSHIP TO THE CREDIT UNION GREW TO 88,662 IN 2024, AN INCREASE OF 620 FOR THE YEAR. DURING 2024, THE CREDIT UNION AND ITS AFFILIATES FUNDED $159,914,605 MILLION IN CONSUMER LOANS.

  • MORTGAGE SERVICES - ORIGINATING, SELLING, AND SERVICING OF REAL ESTATE MORTGAGES. DURING 2024, THE CREDIT UNION FUNDED $120,739,791 MILLION IN MORTGAGE LOANS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Daniel Delarosa

    PRESIDENT/CEO

    Total calculated
    $564,903
    From this org
    $518,899
    From related orgs
    $0
    Other
    $46,004
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $508,715
    Bonus
    $10,184
    Other
    $0
    Deferred
    $15,525
    Nontaxable benefits
    $30,479
    Filer's total
    $564,903

  • Richard Hassman

    CHIEF FINANCIAL OFFICER

    Total calculated
    $349,144
    From this org
    $310,816
    From related orgs
    $0
    Other
    $38,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,129
    Bonus
    $19,687
    Other
    $0
    Deferred
    $8,224
    Nontaxable benefits
    $30,104
    Filer's total
    $349,144

  • Michael Dietrich

    CHIEF TECHNOLOGY OFFICER

    Total calculated
    $345,601
    From this org
    $322,064
    From related orgs
    $0
    Other
    $23,537
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $294,417
    Bonus
    $27,647
    Other
    $0
    Deferred
    $9,290
    Nontaxable benefits
    $14,247
    Filer's total
    $345,601

  • Marcus Wertz

    CHIEF LENDING OFFICER

    Total calculated
    $317,622
    From this org
    $292,693
    From related orgs
    $0
    Other
    $24,929
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $282,994
    Bonus
    $9,699
    Other
    $0
    Deferred
    $6,969
    Nontaxable benefits
    $17,960
    Filer's total
    $317,622

  • Jeremy Glipin

    PRESIDENT, GCL (THRU 10/24)

    Total calculated
    $317,435
    From this org
    $0
    From related orgs
    $289,965
    Other
    $27,470
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,965 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,048 related
    Nontaxable benefits
    $0 + $14,422 related
    Filer's total
    $0 + $317,435 related

  • Michael Thomas - Sr Vp Comms

    (THRU 02/24)/CSO (AS OF 02/24)

    Total calculated
    $313,073
    From this org
    $270,425
    From related orgs
    $0
    Other
    $42,648
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $265,425
    Bonus
    $5,000
    Other
    $0
    Deferred
    $12,169
    Nontaxable benefits
    $30,479
    Filer's total
    $313,073

  • Jen Treadway

    CHIEF PEOPLE OFFICER

    Total calculated
    $309,767
    From this org
    $280,054
    From related orgs
    $0
    Other
    $29,713
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,054
    Bonus
    $5,000
    Other
    $0
    Deferred
    $11,552
    Nontaxable benefits
    $18,161
    Filer's total
    $309,767

  • James Anderson

    PRESIDENT, GNM

    Total calculated
    $279,488
    From this org
    $242,098
    From related orgs
    $0
    Other
    $37,390
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $242,098
    Bonus
    $0
    Other
    $0
    Deferred
    $6,291
    Nontaxable benefits
    $31,099
    Filer's total
    $279,488

  • Nicholas Rosival - Sr Vp

    OF ENTERPRISE TECH (AS OF 02/24)

    Total calculated
    $259,479
    From this org
    $221,369
    From related orgs
    $0
    Other
    $38,110
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $217,575
    Bonus
    $3,794
    Other
    $0
    Deferred
    $6,641
    Nontaxable benefits
    $31,469
    Filer's total
    $259,479

  • Patricia Chang

    SENIOR VP OF RISK AND OPERATIONS

    Total calculated
    $234,979
    From this org
    $215,594
    From related orgs
    $0
    Other
    $19,385
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,094
    Bonus
    $3,500
    Other
    $0
    Deferred
    $9,306
    Nontaxable benefits
    $10,079
    Filer's total
    $234,979

  • John Ahdunko

    SENIOR VP OF MEMBER SUCCESS

    Total calculated
    $221,770
    From this org
    $205,475
    From related orgs
    $0
    Other
    $16,295
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,975
    Bonus
    $3,500
    Other
    $0
    Deferred
    $6,164
    Nontaxable benefits
    $10,131
    Filer's total
    $221,770

  • Regina Curtis

    SENIOR VP OF COMMERCIAL LENDING

    Total calculated
    $192,200
    From this org
    $186,627
    From related orgs
    $0
    Other
    $5,573
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,127
    Bonus
    $4,500
    Other
    $0
    Deferred
    $4,943
    Nontaxable benefits
    $630
    Filer's total
    $192,200

  • Joyce Whitney- Silva - Former

    CHIEF FINANCIAL OFFICER (THRU 10/22)

    Total calculated
    $189,451
    From this org
    $161,837
    From related orgs
    $0
    Other
    $27,614
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,937
    Bonus
    $3,900
    Other
    $0
    Deferred
    $6,545
    Nontaxable benefits
    $21,069
    Filer's total
    $189,451

  • Veronica Gomez

    VP OF DIGITAL MEMBER EXPERIENCE

    Total calculated
    $186,195
    From this org
    $169,754
    From related orgs
    $0
    Other
    $16,441
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,254
    Bonus
    $2,500
    Other
    $0
    Deferred
    $5,703
    Nontaxable benefits
    $10,738
    Filer's total
    $186,195

  • Marsha Burgess

    DIRECTOR

    Total calculated
    $8,156
    From this org
    $8,156
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Paul Richey

    DIRECTOR

    Total calculated
    $7,326
    From this org
    $7,326
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Rob Joiner - Chair

    (THRU 03/24)/V. CHAIR (AS OF 03/24)

    Total calculated
    $6,095
    From this org
    $6,095
    From related orgs
    $0
    Other
    $0
    Hours/week
    6

  • William Arensdorf - V Chair

    (THRU 03/24)/CHAIR (AS OF 03/24)

    Total calculated
    $2,765
    From this org
    $2,765
    From related orgs
    $0
    Other
    $0
    Hours/week
    8

  • Travis Lee

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Jon Steele

    SECRETARY

    Total calculated
    $0
    Hours/week
    4

  • Barbara Byington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    4

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

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

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

  • UNR FOUNDATION

    $176,000

    PROGRAMS FOCUSED ON SUPPORTING MUSIC PROGRAMS, FOOD INSECURITY, FINANCIAL EDUCATION, AND IMPROVING EDUCATIONAL ATTAINMENT FOR STUDENTS AT THE UNIVERSITY

  • RENOWN HEALTH FOUNDATION

    $50,000

    SUPPORT FOR THE CHILDREN'S HOSPITAL

  • NORTHERN NEVADA DREAM CENTER

    $18,848

    PROGRAM TO BRING HOPE AND RELIEF TO INDIVIDUALS AND FAMILIES IN NEED BY PROVIDING SUPPORT AND SERVICES THAT ADDRESS HUNGER, POVERTY, HOMELESSNESS, ADDICTION, EDUCATION, AND SPIRITUAL WELL-BEING

  • RENOWN REGIONAL MEDICAL CENTER

    $18,500

    PROGRAM TO MAKE A GENUINE DIFFERENCE IN THE HEALTH AND WELL-BEING OF THE PEOPLE AND COMMUNITIES THEY SERVE

  • THE EDDY HOUSE

    $17,683

    PROGRAM HELPS HOMELESS TEENS WITH FOOD AND SHELTER

  • PBS RENO

    $15,507

    PBS RENO PROVIDES TRUSTWORTHY AND ACCESSIBLE QUALITY CONTENT AND EDUCATIONAL SERVICES

  • NEVADA WOMEN'S FUND

    $15,500

    EMPOWERING WOMEN TO ACHIEVEMENT THROUGH EDUCATION AND CAREER ADVANCEMENT

  • FOOD BANK OF NORTHERN NEVADA

    $15,000

    NORTHERN NEVADA'S LARGEST FOOD INSECURITY NON-PROFIT, SERVING THOSE IN NEED THROUGH MORE THAN 150 PARTNER AGENCIES AND DIRECT SERVICE PROGRAMS

  • THE EMPOWERMENT CENTER

    $12,590

    HELP WOMEN WHO SUFFER FROM SUBSTANCE ABUSE TO RESTORE THEIR DIGNITY AND QUALITY OF LIFE

  • BOARD OF REGENTS NEVADA SYSTEM OF HIGHER EDUCATION

    $12,500

    PROGRAMS FOR STUDENT SCHOLARS AND EDUCATION

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • GREATER NEVADA LLC

    MORTGAGE SERVICES · NV · income -$2,494,096 · assets $25,630,539

    Directly controlled by GREATER NEVADA CREDIT UNION

  • GREATER NEVADA FINANCIAL GROUP LLC

    INSURANCE PRODUCTS · NV · income $147,179 · assets $772,799

    Directly controlled by GREATER NEVADA CREDIT UNION

  • GREATER NEVADA COMMERCIAL LENDING LLC

    COMMERCIAL LENDING · NV · income -$316,759 · assets $7,955,394

    Directly controlled by GREATER NEVADA CREDIT UNION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • GREATER NEVADA COMMERCIAL LENDING LLC

    RELATED · COMMERCIAL LENDING · NV · 75% owned · share of income -$2,250,110 · general or managing partner

    Directly controlled by GREATER NEVADA CREDIT UNION

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349308974

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