One Nevada Credit Union - Best Banks In Las Vegas

- April 02, 2015

One Nevada Credit Union headquartered in Winchester, Nevada, is the largest locally-based federally insured, state-charted credit union in Nevada with locations in the Las Vegas, Henderson, Reno, North Las Vegas and Pahrump. It operates several Credit Union Service Organizations (CUSOs) including: One Nevada Realty Services, LLC; One Nevada Insurance Services, LLC; One Nevada Investment Group and others.

Best Vegas Clubs that Play Hip-Hop - Vegas Club Tickets



Membership

One Nevada has a community charter, meaning membership is available to anyone who lives, works (or regularly conducts business in), worships, attends school, or volunteers in Clark County, Washoe County, Nye County, along with members of the immediate family or household of an existing member or those eligible for membership.




Financial Performance

As of February 28, 2015, One Nevada had 16 branch locations, 400 surcharge free ATMs in Nevada alone and 46,000 worldwide as part of the Allpoint Network, 76,078 members, and $826.61 million in total assets. It is classified as a well-capitalized credit union by the National Credit Union Administration and its deposits are insured for up to $250,000 through the National Credit Union Share Insurance Fund. One Nevada remains one of the strongest credit unions or banks in the state with more than 9.75% in capital reserves.

The Bank Nightclub, Bellagio - Las Vegas Top Picks


History

One Nevada has its beginnings in two separate credit unions that merged many years later. The Vegas Air Base Federal Credit Union was started on February 10, 1950, when nine civilian employees pooled $5 each to begin their credit union. The credit union changed its name to Nellis Federal Credit Union in 1958.

Meanwhile, at Las Vegas City Hall, seven City employees began the Las Vegas City Employees Federal Credit Union on February 14, 1951. For the next 30 years or so, both credit unions served the employees of their respective employers and their families. Both credit unions grew and expanded their services.

On August 31, 1983, the Nellis Southern Nevada Federal Credit Union and the Las Vegas Federal Credit Union merged and adopted the name Nevada Federal Credit Union.

During the 1980s, several smaller credit unions joined with Nevada Federal. Those smaller credit unions include the Showboat Credit Union, the Commercial Center Credit Union, the Nevada Air Guard Credit Union, the Washoe State Employees Federal Credit Union, the North Las Vegas City Employees Federal Credit Union, the Vegas Village Credit Union, the Tropicana Employees Federal Credit Union and others.

In August 2011, the members of Nevada Federal Credit Union approved the conversion from a federal charter to a Nevada state-charter. The credit union changed its name to One Nevada Credit Union shortly thereafter.

Best Vegas Clubs that Play Hip-Hop - Vegas Club Tickets


Timeline

The Bank Nightclub, Bellagio - Las Vegas Top Picks


Products and services

In addition to traditional banking products and services such as share savings, share certificates, share drafts (checking), mortgage loans, auto loans, and credit cards, the credit union offers various non-traditional products. These include second chance (New Start) checking, first-time home buyer program and Essential Checking accounts for member-households who earn less than $35,000 annually or have recently had a job loss. As of March 2010, the credit union had also launched a suite of prepaid debit card products.

One Nevada Credit Union is consistently among the largest mortgage lenders in Clark County, Nevada. The credit union recently participated in Nevada's Hardest Hit Fund and the HARP 2.0 mortgage assistance programs.

Best Vegas Clubs that Play Hip-Hop - Vegas Club Tickets


Not-for-profit structure

One Nevada, like many U.S. credit unions, is locally controlled by a volunteer Board of Directors who represent the members interests. Unlike a traditional bank owned by public stockholders, a member election for the Board of Directors is held once a year. Any member in good standing can petition to run for the Board of Directors. Board volunteers are not paid for their time or service. The Board also appoints a volunteer Supervisory Committee. The Credit Union's income, aside from operating expenses and funding capitalization, are returned to the members in the form of lower loan rates, expanded services and normally, higher dividends on deposit accounts. Therefore, the credit union, like all others in the U.S., maintains a federal tax-exempt status because of the cooperative, not-for-profit organizational structure.

Common Performs Live at The Bank Nightclub at Bellagio in Las Vegas


References

Dancing With The Stars: Live in Las Vegas Cast-Members Joey Fatone ...


Further reading

  • One Nevada Credit Union's profit tops $5.5 million
  • Local credit unions offer interest-free loans to furloughed government employees
  • 8 News NOW (video) - Credit Unions Growing Again After Rough Recession Years
  • Las Vegas Review Journal - One Nevada Credit Union touts remote-deposit figures
  • Credit Union Times - One Nevada Touts RDC Uptake
  • Las Vegas Review Journal - One Nevada Credit Union reports $590,000 profit
  • Credit Union Journal - How One Nevada CU Scored 500 Loans, 500 New Members In 50 Days
  • Las Vegas Business Press - Q&A with One Nevada Credit Union's Brad Beal
  • Credit Union Times - Auto Refinancing Promotion Rings Up New Loans for One Nevada
  • Las Vegas Review Journal - One Nevada Credit Union reports loss for 2011
  • Credit Union Times - Nevada FCU Presents Reid's Office With Interchange Petition
  • Credit Union Journal - CU Triples New Sign-Ups
  • Credit Union Times - Nevada FCU Seeks to Prevent Interchange Hit
  • Las Vegas Review Journal - Mixed results expected for LV economy in 2011
  • Credit Union Journal - Book On Recession Cites CU for Responsible Approach To Mortgages
  • Las Vegas Review Journal - Credit union: Pul-lease take your money
  • Las Vegas Review Journal - Rock bottom: Some CDs now earn zero percent
  • Las Vegas Review Journal - Three major credit unions report losses
  • Credit Union Times - Through Extremes, Nevada Federal Credit Union Continues Writing Mortgages
  • Credit Union Times - Nevada FCU Payday Loans Grab USA Today Headline
  • Las Vegas Review Journal - One Nevada new name of Nevada Federal
  • Credit Union Times - Nevada Federal Now 'One Nevada'
  • Credit Union Journal - Nevada Federal Bets On New Charter
  • Las Vegas Review Journal - Top workplaces, midsize: 2. One Nevada Credit Union


External links

  • Official Site
  • iPad App - Apple Store
  • Android App - Android Market
  • National Credit Union Administration



Interesting Informations

Looking products related to this topic, find out at Amazon.com

Source of the article : here





EmoticonEmoticon

 

Start typing and press Enter to search