2016-09-15T00:00:00-05:00 2015-12-31 382492570 DOEREN MAYHEW 12060 S W 129TH COURT STE 201 MIAMI FL 331864582 990 2015-01-01 880062898 SILVER STATE SCHOOLS CREDIT UNION SILV 7027338820 4221 MCLEOD DRIVE LAS VEGAS NV 891215215 SCOTT ARKILLS CEO 7027338820 2016-09-16 1 DOUGLAS J ORTH P01076394 3052328272 2015 2017-02-10 21:41:12Z SCOTT ARKILLS 4221 MCLEOD DRIVE LAS VEGAS NV 891215215 110238514 0 X WWW.SILVERSTATECU.COM X 1951 NV FINANCIAL SERVICES FOR MEMBERS. 7 7 211 10 0 0 0 0 25153089 24833460 1899145 2784155 5801057 5850729 32853291 33468344 0 0 0 0 9424112 9664956 0 0 0 10158373 9111870 19582485 18776826 13270806 14691518 643147991 667165767 604270380 629525521 38877611 37640246 FINANCIAL SERVICES FOR MEMBERS. 0 0 FINANCIAL INSTITUTIONS PROGRAMS: FINANCIAL SERVICES FOR MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 1 10756 0 1 211 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 0 1 1 1 0 0 X SILVER STATE SCHOOLS CREDIT UNION 7027338820 4221 MCLEOD DRIVE LAS VEGAS NV 891215215 TEERY MANNION CHAIRPERSON 1.00 X 0 0 0 MITCH FOX VICE CHAIR 1.00 X 0 0 0 TERESA YEOMAN SECRETARY/TREASURER 1.00 X 0 0 0 LEONARD PETOSKI DIRECTOR 1.00 X 0 0 0 GEORGE ANN RICE DIRECTOR 1.00 X 0 0 0 JOYCE WOODHOUSE DIRECTOR 1.00 X 0 0 0 WALTER RULFFES DIRECTOR 1.00 X 0 0 0 ANDREW HUNTER CEO/PRESIDENT 40.00 X 266050 0 0 DAVID FISCHER CFO 40.00 X 139800 0 0 STEVE VANSICKLER CLO 40.00 X 184800 0 6718 MICHAEL RANDALL COO 40.00 X 153133 0 18982 ANN JOHNSON VP OF HR 40.00 X 107300 0 21080 VINCENT BUUCA MORTGAGE MGR 40.00 X 191673 0 10118 OLIVIA BROWN MORTGAGE LOAN OFFICER 40.00 X 117508 0 7870 ANN ESCOBEDO MORTGAGE OPS MGR 40.00 X 180569 0 14570 1340833 0 79338 8 0 1 0 DAKEM & ASSOCIATES LLC 6170 W VIKING RD LAS VEGAS NV 89103 REO REHAB/RENOVATIONS 570496 STRATEGIC RESOURCE MANAGEMENT 5100 POLAR AVE MEMPHIS TN 38137 VISA CARD PROCESSING 551975 JACK HENRY AND ASSOCIATES INC PO BOX 609 MONETT MO 65708 COMPUTER SOFTWARE AND SUPPORT 369550 CDW DIRECT PO BOX 75723 CHICAGO IL 60675 COMPUTER EQUIPMENT/SUPPORT 245933 COX COMMUNICATIONS INC PO BOX 53262 PHOENIX AZ 85072 COMMUNICATIONS INFRASTRUCTURE 226496 17 INTEREST ON LOANS 522100 19495031 19495031 FEES AND CHARGES 522100 5338429 5338429 24833460 1122596 1122596 6167 0 6167 6167 6167 78431729 76770170 1661559 1661559 1661559 OTHER INCOME 522100 5844562 5844562 5844562 33468344 33468344 0 0 769483 769483 6843318 6843318 393912 393912 981065 981065 677178 677178 53743 53743 106800 106800 552457 552457 2061556 2061556 605099 605099 58303 58303 20643 20643 1493108 1493108 881377 881377 162486 162486 ATM PROCESSING/CARD EXP 1714411 1714411 LOAN SERVICING 1439421 1439421 MAINTENANCE 1133631 1133631 OREO EXPENSE 1086686 1086686 -2257851 -2257851 18776826 18776826 0 0 125881133 143763306 2374534 1842668 406068576 412161519 1159413 1334117 33948715 28297357 5980468 5651358 72312512 81891959 29371355 20520840 643147991 667165767 10374256 10203843 593896124 619321678 604270380 629525521 X 0 0 0 0 38877611 37640246 38877611 37640246 643147991 667165767 X 14691518 -21085 -15907798 X 0 1 X 1 0 451140 451140 12422179 8003662 4418517 2525638 2456233 69405 18549758 17837462 712296 5651358 REGULAR SHARES 207207194 MONEY MARKET 160824716 DRAFT ACCOUNT 132638055 IRA SHARES 10973933 IRA CD'S 29457558 CERTIFICATES OF DEPOSIT 78220222 619321678 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE CONSOLIDATED FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY UPON EXAMINATION BY TAX AUTHORITIES. THE CREDIT UNION IS A STATE-CHARTERED CREDIT UNION AS DEFINED IN INTERNAL REVENUE CODE (IRC) SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES DIRECTLY RELATED TO ITS EXEMPT PURPOSES. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME (UBI) DERIVED BY STATE-CHARTERED CREDIT UNIONS. BEGINNING IN MARCH 2008, THE INTERNAL REVENUE SERVICE (IRS) RELEASED TECHNICAL ADVICE MEMORANDUMS TO SPECIFIC STATE CHARTERED CREDIT UNIONS SPECIFYING THE REVENUE SOURCES SUBJECT TO UNRELATED BUSINESS INCOME TAX (UBIT). UBI MAY ALSO BE SUBJECT TO TAX IN CERTAIN STATES. AS A RESULT OF ADOPTING THE INCOME TAX TOPIC OF THE FASB ASC, THE CREDIT UNION HAS ASSESSED ITS ACTIVITIES AND ANY POTENTIAL FEDERAL OR STATE INCOME TAX LIABILITY AND DETERMINED NO LIABILITY EXISTS FROM FEDERAL OR STATE TAXATION OF ACTIVITIES DEEMED TO BE UNRELATED TO ITS EXEMPT PURPOSE. AS SUCH, THE CREDIT UNION HAS NOT FILED TAX RETURNS FOR REPORTING UBIT-RELATED INCOME FOR TAX YEARS PRIOR TO MARCH 31, 2015. THE IRS AND STATE, WHERE APPLICABLE, HAVE THE ABILITY TO ASSESS TAXES, PENALTIES AND INTEREST FOR YEARS IN WHICH NO TAX RETURNS WAS FILED. MANAGEMENT HAS DETERMINED THAT THE FINANCIAL IMPACT, IF ANY, OF NOT FILING UBIT-RELATED INCOME TAX RETURNS IN PREVIOUS YEARS WOULD NOT BE MATERIAL TO THE CREDIT UNION'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEARS ENDED MARCH 31, 2015 AND 2014. X X 0 0 0 ANDREW HUNTER CEO/PRESIDENT 261250 0 0 0 4800 0 0 0 0 0 266050 0 0 0 STEVE VANSICKLER CLO 180000 0 0 0 4800 0 0 0 6718 0 191518 0 0 0 MICHAEL RANDALL COO 148333 0 0 0 4800 0 5600 0 13382 0 172115 0 0 0 VINCENT BUUCA MORTGAGE MGR 191673 0 0 0 0 0 0 0 10118 0 201791 0 0 0 ANN ESCOBEDO MORTGAGE OPS MGR 180569 0 0 0 0 0 0 0 14570 0 195139 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN THE ELECTION OF OFFICIALS. FORM 990, PART VI, SECTION A, LINE 7B THE PRIVATE SHARE INSURER FOR SILVER STATE SCHOOLS CREDIT UNION (SSSCU), AMERICAN SHARE INSURANCE, REQUIRES APPROVAL RIGHTS ON CERTAIN DECISIONS IN RETURN FOR CAPITAL INJECTIONS MADE TO SSSCU. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS COMPLETED BY SENIOR MANAGEMENT OF THE CREDIT UNION AND REVIEWED WITH THE BOARD OF DIRECTORS BEFORE FILING. SUBSEQUENT REVIEW IS PERFORMED BY CPA FIRM, STATE EXAMINERS, AND FEDERAL AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 15A EACH YEAR THE BOARD OF DIRECTORS COMPLETES AND DELIVERS A PERFORMANCE EVALUATION AND COMPENSATION REVIEW OF THE PRESIDENT/CEO. COMPENSATION SURVEYS ARE OBTAINED AND REVIEWED BY THE BOARD FOR THIS PROCESS. DECISIONS ARE DOCUMENTED IN EXECUTIVE SESSION MINUTES. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC ON THE ASI (AMERICAN SHARE INSURANCE) WEBSITE VIA THE CALL REPORT FILED QUARTERLY. FORM 990, PART XI, LINE 9: REPAYMENT OF SPECIAL RESERVES -13,803,913. NET PENSION LOSSES NET OF AMORTIZATION OF NET PENSION -2,103,885. SILVER STATE SCHOOLS SERVICES COMPANY LLC 4221 MCLEOD DRIVE LAS VEGAS NV 89121 742952579 MORTGAGE SERVICES NV 1577886 9503739 SILVER STATE SCHOOLS CREDIT UNION