Nonprofit · EIN 88-0065951
CREATE CREDIT UNION
Tax-exempt · LAS VEGAS, NV 89133
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $81,894,949 | $68,650,055 | $13,244,894 | $1,427,571,288 | $1,282,771,602 | $144,799,686 |
| December 31, 2023 | 990 | $65,932,696 | $52,647,666 | $13,285,030 | $1,172,665,828 | $1,039,156,670 | $133,509,158 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $66,343,468
- Investment income
- $15,551,481
- Net gain from sales of assets
- $651,039
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $168,047
- Compensation of officers, directors and key employees
- $1,921,738
- Other salaries and wages
- $13,619,284
- Salaries, compensation and benefits (total)
- $19,113,251
- Professional fundraising fees
- $0
- Legal fees
- $207,049
- Accounting fees
- $190,517
- Occupancy
- $1,454,138
- Travel
- $141,938
- Depreciation
- $650,207
Balance sheet and other
- Total assets, start of year
- $1,172,665,828
- Total assets, end of year
- $1,427,571,288
- Total liabilities, end of year
- $1,282,771,602
- Net assets, end of year
- $144,799,686
- Land, buildings and equipment
- $16,648,672
- Publicly traded securities
- $220,639,810
- Gross unrelated business income
- $667,345
- Gross receipts
- $81,895,098
- Employees
- 256
- Volunteers
- 12
- Year formed
- 1951
- State of legal domicile
- NV
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATT KERSHAW | CHIEF EXECUTIVE OFFICER Officer | 40 | $501,261 | $25,875 |
| PATRICIA OCHAL | CHIEF FINANCIAL OFFICER Officer | 40 | $384,658 | $16,386 |
| DAVID UPHAM | CHIEF OPERATING OFFICER Officer | 40 | $249,717 | $18,030 |
| JOSHUA HALDEMAN | CHIEF LENDING OFFICER Officer | 40 | $239,655 | $17,513 |
| MATTHEW BECKER | CHIEF TECHNOLOGY OFFICER Officer | 40 | $219,780 | $16,246 |
| SHANNON HILLER | CHIEF MARKETING OFFICER Officer | 40 | $216,747 | $15,870 |
| OCTAVIO RYAN LOPEZ | MORTGAGE LOAN OFFICER Highest-paid employee | 40 | $200,213 | $18,225 |
| CHRIS SCHLAFFMAN | VP COMMERCIAL LENDING MANAGER Highest-paid employee | 40 | $177,835 | $17,246 |
| MICHAEL HENRIKSEN | VP CONTROLLER Highest-paid employee | 40 | $159,219 | $17,113 |
| CHRISTINA MINELLO | VP OF HUMAN RESORCES Highest-paid employee | 40 | $154,832 | $13,116 |
| JOHN GENTILE | VP COMMERCIAL LENDING Highest-paid employee | 40 | $158,092 | $5,423 |
| ALISE HANEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEBBIE CONWAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOUG SPRING | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 | $0 |
| ED ZAGALO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC JORGENSON | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL SCHRAMM | BOARD MEMBER Trustee or director | 1 | $0 |
| TED OLIVAS | VICE CHAIR OF THE BOARD Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MATT KERSHAW | CHIEF EXECUTIVE OFFICER Officer | 40 | $476,411 | $24,750 |
| PATRICIA OCHAL | CHIEF FINANCIAL OFFICER Officer | 40 | $395,638 | $13,802 |
| DAVID UPHAM | CHIEF OPERATING OFFICER Officer | 40 | $251,862 | $89,661 |
| JOSHUA HALDEMAN | CHIEF LENDING OFFICER Officer | 40 | $231,224 | $16,971 |
| MATTHEW BECKER | CHIEF TECHNOLOGY OFFICER Officer | 40 | $211,599 | $15,729 |
| SHANNON HILLER | CHIEF MARKETING OFFICER Officer | 40 | $205,277 | $15,014 |
| CHRIS SCHLAFFMAN | VP COMMERCIAL LENDING MANAGER Highest-paid employee | 40 | $192,718 | $19,567 |
| MICHAEL HENRIKSEN | VP CONTROLLER Highest-paid employee | 40 | $153,413 | $16,680 |
| IAN POLLEY | VP OF CONSUMER LENDING Highest-paid employee | 40 | $151,812 | $16,571 |
| JOHN GENTILE | VP COMMERCIAL LENDING Highest-paid employee | 40 | $160,875 | $2,976 |
| SHEILA BRYSON | DIRECTOR REAL ESTATE LENDING Highest-paid employee | 40 | $154,516 | $8,442 |
| ALISE HANEY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DEBBIE CONWAY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DOUG SPRING | CHAIRMAN OF THE BOARD Trustee or director | 1 | $0 | $0 |
| ED ZAGALO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ERIC JORGENSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL SCHRAMM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TED OLIVAS | VICE CHAIR OF THE BOARD Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 36490, LAS VEGAS, NV 89133-6490
- In care of
- % PATRICIA OCHAL
- Principal officer (990 for 2024)
- Patricia Ochal, PO Box 36490, Las Vegas, NV 89133
- Signed the 990
- Patricia Ochal, CFO
- Phone
- (702) 228-2228
- Website
- WWW.CCCULV.ORG
- Return prepared by
- Forvis Mazars LLP
Mission
BOARD APPROVED MISSION: TO HELP CLARK COUNTY CREDIT UNION MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS. CLARK COUNTY CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST APPROVED BY THE BOARD OF DIRECTORS; PROVIDING AN OPPORTUNITY FOR MEMBERS TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, CLARK COUNTY CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
Program accomplishments
- DURING 2024, CLARK COUNTY CREDIT UNION MAINTAINED A YEAR-TO-DATE NET WORTH RATIO OF 11.53%. USING A MULTI-MEDIA MARKETING APPROACH COMBINED WITH PERSONAL CUSTOMER SERVICE AND CUSTOMIZED LENDING OPTIONS. CCCU IS LIVING UP TO ITS MISSION OF HELPING MEMBERS REALIZE THEIR FINANCIAL GOALS AND DREAMS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 88-0065951
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 4054: FINANCIAL INSTITUTIONS DIVISION
- Assets (IRS master file)
- $1,427,571,288
- Income (IRS master file)
- $81,895,098
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $81,894,949 | $68,650,055 | $1,427,571,288 | IRS |
| 990 | December 2023 | $65,932,696 | $52,647,666 | $1,172,665,828 | XML |
| 990 | December 2022 | $52,797,641 | $40,089,207 | $1,144,632,634 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about CREATE CREDIT UNION
- What is the EIN of CREATE CREDIT UNION?
- The employer identification number (EIN) of CREATE CREDIT UNION is 88-0065951.
- Is CREATE CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1980.
- Are donations to CREATE CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREATE CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREATE CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREATE CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CREATE CREDIT UNION?
- The 990 for the year ended December 31, 2024 names Patricia Ochal.
- Who are the officers and directors of CREATE CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 18 people; 11 received compensation from the organization, the highest $501,261 (MATT KERSHAW, CHIEF EXECUTIVE OFFICER).
- How much revenue does CREATE CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $81,894,949, expenses of $68,650,055 and total assets of $1,427,571,288 at year end.
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