Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: LOAN INTEREST

  total $29,407,947 · related or exempt $29,407,947

• 2b · Program service revenue: FEE INCOME

  total $25,116,270 · related or exempt $24,822,802 · unrelated business $293,468

• 3 · Investment income

  total $33,322,253 · unrelated business $1,378 · excluded $33,320,875

• 7a · Gross sales of assets other than inventory

  securities $2,557 · other assets $34,068

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $2,557 · other assets $34,068

• 7d · Net gain or loss

  total $36,625 · excluded $36,625

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $8,052,594

• 5 · Compensation of officers, directors and key employees

  total $3,078,339

• 7 · Other salaries and wages

  total $13,078,874

• 8 · Pension plan contributions

  total $1,153,750

• 9 · Other employee benefits

  total $2,339,128

• 10 · Payroll taxes

  total $1,258,400

• 11b · Fees: legal

  total $456,253

• 11c · Fees: accounting

  total $123,750

• 11d · Fees: lobbying

  total $45,000

• 11g · Fees: other

  total $860,457

• 12 · Advertising and promotion

  total $2,839,904

• 13 · Office expenses

  total $525,952

• 14 · Information technology

  total $1,326,603

• 16 · Occupancy

  total $3,377,863

• 17 · Travel

  total $394,511

• 20 · Interest

  total $30

• 22 · Depreciation, depletion and amortization

  total $4,754,297

• 23 · Insurance

  total $160,194

• 24a · Other expenses: PROVISION FOR LOAN LOSS

  total $6,289,839

• 24b · Other expenses: VISA CARD PROCESSING

  total $3,416,626

• 24c · Other expenses: CREDIT AND CHECK FRAUD

  total $3,008,449

• 24d · Other expenses: LOAN SERVICING EXPENSE

  total $2,218,842

• 24e · All other expenses

  total $4,209,462

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $117,505,375 · end of year $115,162,119

• 2 · Savings and temporary cash investments

  beginning of year $420,634,897 · end of year $280,422,910

• 4 · Accounts receivable

  beginning of year $2,273,921 · end of year $1,862,664

• 7 · Other notes and loans receivable

  beginning of year $474,336,652 · end of year $576,623,461

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,296,355 · end of year $7,133,176

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

  $22,559,444

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

  $15,993,362

• 10c · Land, buildings and equipment, net

  beginning of year $7,189,660 · end of year $6,566,082

• 11 · Investments: publicly traded securities

  beginning of year $124,038,341 · end of year $125,771,859

• 12 · Investments: other securities

  beginning of year $169,598,705 · end of year $209,126,764

• 15 · Other assets

  beginning of year $19,530,291 · end of year $19,236,018

• 17 · Accounts payable and accrued expenses

  beginning of year $8,174,923 · end of year $8,841,591

• 19 · Deferred revenue

  beginning of year $1,326,277 · end of year $1,334,356

• 25 · Other liabilities

  beginning of year $1,193,321,069 · end of year $1,163,897,240

• 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 $137,581,928 · end of year $167,831,866

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 2023 WERE AS FOLLOWS: PAUL PARRISH, PRESIDENT/CEO - $38,287 TOM ERNSPERGER, EVP/CLO - $18,299 MICHAEL TRAFICANTI, SVP HR AND FACILITIES - $17,105 STEVE O'DONNELL, EVP,CFO - $17,908 ELDON TILLEY, SVP, MARKETING - $9,000 TRUDY MCCLAIN, SVP RETAIL OPERATIONS - $8,675 JESSE SHEARIN, SVP INFORMATION TECHNOLOGY - $10,808 ANTHONY HUMPHREY, VP REAL ESTATE LENDING - $7,491 CHRIS WIBLE, VP INVESTMENTS - $11,814 DISTRIBUTIONS FROM THIS PLAN DURING 2023 WERE AS FOLLOWS: PAUL PARRISH, PRESIDENT/CEO - $366,414

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 $543,301 · assets $1,337,927

  Directly controlled by ONE NEVADA CREDIT UNION