Las Vegas based, Silver State Schools Credit Union (SSSCU), announces its year of giving in 2020, serving the educational and Southern Nevada community.
“While this year brought many challenges, one word comes to mind…COMMUNITY. Whatever challenges we faced this past year, our community came together and stood tall to overcome and succeed,” says Scott A. Arkills, President and CEO, Silver State Schools Credit Union. “Throughout the year, as a result of the COVID-19 pandemic, we provided our members over $32 million in mortgage loan forbearances, nearly $25 million in consumer loan deferments, and funded over $370,000 in Member Relief Loans. In addition, in March, our Board of Directors and Executive Team proudly decided to help educators by donating $150,000 to purchase Chromebook computers for Clark County School District (CCSD) students.”
Silver State Schools Credit Union continued its support of educational programs, such as The Piggy Bank Program in partnership with The Andson Foundation, and the Money Moves financial education program. Money Moves is available to all SSSCU members, as well as, students, grades K–12, at various schools throughout CCSD. Our SSSCU Team also continued to share joy during the holidays and support festive events, such as our 35th Annual Happy Times 2021 calendar, showcasing the artistic skills of our local student artists; and our Santa Selfie Station at the Las Vegas Motor Speedway Glittering Lights display.
Furthermore, the Credit Union established the Silver State Schools CU People Over Profit (POP) Foundation, a Nevada nonprofit charitable 501(c)(3) organization. The POP Foundation supports educational programs and local nonprofit organizations that primarily work with students from grades K-12 to provide tools to build a better future by educating, empowering, and enhancing our community in various ways for the common good.
For the past 70 years, SSSCU has been committed to strengthening our community, supporting our members, and Prioritizing People Over Profit. Our members are the heart of everything we do, which drives us to provide excellent member service and deliver valuable, financial solutions at every stage of our members’ lives. We look forward to a bright and prosperous 2021.
ABOUT SILVER STATE SCHOOLS CREDIT UNION
Silver State Schools Credit Union (SSSCU), founded in 1951, is a state-chartered financial co-operative, with its purpose of Prioritizing People Over Profit. The Credit Union serves over 55,000 members of the educational community and their families in Nevada with ten branches throughout the Las Vegas Valley. SSSCU provides “Excellent Member Service and Financial Solutions – for Life!” via a wide range of banking products, discounts, and resources. As of September 30, 2020, SSSCU reported deposits of $851 million, total assets greater than $950 million, and loans of $639 million. Liquidity remains strong at $177 million, and the credit union is well-capitalized with a regulatory net worth at $90 million, equal to 9.52% of total assets. By members’ choice, member shares and deposits are insured by American Share Insurance up to $250,000 per account. This institution is not federally insured. For more information, visit silverstatecu.com.