BOULDER CITY, NV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BOULDER DAM CREDIT UNION, founded in 1940, is a mid-sized nonprofit that reported $38.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $9.9M, a strong 25% operating margin.
OUR MISSION IS TO MEET THE FINANCIAL NEEDS OF OUR MEMBERS BY PROVIDING EXCEPTIONAL SERVICE, INSTITUTIONAL INTEGRITY AND FINANCIAL STABILITY. WE ARE COMMITTED TO DELIVERING COMPETITIVE PRODUCTS, INNOVATIVE SERVICES AND TIMELY EDUCATION WHILE OFFERING OUR EMPLOYEES A PROFESSIONAL, CHALLENGING AND REWARDING CAREER.
ONE OF BOULDER DAM CREDIT UNION'S (THE CREDIT UNION) TWO PRIMARY PURPOSES IS TO PROVIDE CREDIT TO ITS MEMBERS AT A COMPETITIVE RATE. THE CREDIT UNION PROVIDES REAL ESTATE, AUTO, BOAT, RV, AND...
ONE OF BOULDER DAM CREDIT UNION'S (THE CREDIT UNION) TWO PRIMARY PURPOSES IS TO PROVIDE CREDIT TO ITS MEMBERS AT A COMPETITIVE RATE. THE CREDIT UNION PROVIDES REAL ESTATE, AUTO, BOAT, RV, AND SIGNATURE AND VISA LOANS TO ELIGIBLE MEMBERS. AS OF 12/31/2024, THE CREDIT UNION HAD 3,430 LOANS WITH A TOTAL BALANCE OF APPROXIMATELY $316.6 MILLION AND 2,211 VISA CARDS WITH A BALANCE OF APPROXIMATELY $1.92 MILLION.
THE SECOND MAIN SERVICE THAT BOULDER DAM CREDIT UNION (THE CREDIT UNION) OFFERS IS DEPOSIT SERVICES TO ELIGIBLE MEMBERS. THE CREDIT UNION OFFERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, AND INDIVIDUAL...
THE SECOND MAIN SERVICE THAT BOULDER DAM CREDIT UNION (THE CREDIT UNION) OFFERS IS DEPOSIT SERVICES TO ELIGIBLE MEMBERS. THE CREDIT UNION OFFERS SAVINGS ACCOUNTS, CHECKING ACCOUNTS, AND INDIVIDUAL RETIREMENT ACCOUNTS TO ALL MEMBERS. IN ORDER TO MAINTAIN A SHARE ACCOUNT AN INDIVIDUAL MUST BE ELIGIBLE FOR MEMBERSHIP. ELIGIBILITY REQUIRES THAT A PERSON LIVE OR WORK IN BOULDER CITY, NEVADA. DUE TO THE EXCEPTIONAL SERVICE LEVEL PROVIDED BY THE CREDIT UNION, APPROXIMATELY 90% OF ELIGIBLE MEMBERS ARE MEMBERS OF THE CREDIT UNION. ONCE AGAIN, THE CREDIT UNION DOES NOT CHARGE FEES FOR DEPOSIT ACCOUNTS; OTHER THAN PUNITIVE FEES FOR OVERDRAFTS AND INSUFFICIENT FUND ITEMS. AT 12/31/2024, THE CREDIT UNION HAD 20,103 MEMBERS TOTALING $729,259,899 IN SHARE DEPOSITS.
AN ANCILLARY PRODUCT OFFERED BY BOULDER DAM CREDIT UNION (THE CREDIT UNION) IS THE ELECTRONIC DELIVERY OF SERVICES. THE CREDIT UNION OFFERS DEBIT CARDS, VISA CREDIT CARDS, ATM ACCESS, MOBILE APP...
AN ANCILLARY PRODUCT OFFERED BY BOULDER DAM CREDIT UNION (THE CREDIT UNION) IS THE ELECTRONIC DELIVERY OF SERVICES. THE CREDIT UNION OFFERS DEBIT CARDS, VISA CREDIT CARDS, ATM ACCESS, MOBILE APP ACCESS, ZELLE, PHONE ACCOUNT ACCESS AND INTERNET ACCOUNT ACCESS. ALL SERVICES ARE OFFERED AT NO COST TO ELIGIBLE MEMBERS. ADDITIONALLY, THE CREDIT UNION BELONGS TO THE CO-OP ATM NETWORK, WHICH ENABLES MEMBER TO USE NETWORK RELATED ATMS NATIONWIDE WITH NO SURCHARGE. APPROXIMATELY 60% OF OUR MEMBERS UTILIZE SOME TYPE OF ELECTRONIC DELIVERY SERVICE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $38,822,882 | $35,773,093 | +0.1% |
| Expenses | $28,934,079 | $28,826,427 | +0.0% |
| Net Income | $9,888,803 | $6,946,666 | +0.4% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
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Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CYNDY ANDERSON | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| FRANK DISANZA | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHARMAINE FERRARI | SECRETARY | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| ROBERT MERRELL | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| TINA MULLIS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| TERRY STEVENS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DOUG SCHEPPMAN | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEELE HENDRIX | PRESIDENT / CEO | 40.00 |
Officer
|
$342,043 | $114,656 | $456,699 |
| JARON SINGLETON | VICE-PRESIDENT / CFO | 40.00 |
Officer
|
$156,329 | $59,981 | $216,310 |
| KYLE JOHNSON | VICE-PRESIDENT / RISK MANAGEMENT | 40.00 |
Key Emp
|
$156,143 | $69,093 | $225,236 |
| MARY BETH CLIFT | MEMBER SERVICES COORDINATOR | 40.00 |
Highest
|
$170,883 | $48,268 | $219,151 |
| TERI SIMMONS | ASSISTANT OPERATIONS COORDINATOR | 40.00 |
Highest
|
$127,513 | $43,679 | $171,192 |
| BARBARA BENNETT | LOAN COORDINATOR | 40.00 |
Highest
|
$139,414 | $50,837 | $190,251 |
| NANCY WARD | FORMER ACCOUNT ADMINISTRATOR | 40.00 |
Highest
|
$139,035 | $12,891 | $151,926 |
| KIM DENNETT | ASSISTANT LOAN COORDINATOR | 40.00 |
Highest
|
$115,989 | $42,179 | $158,168 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $38,822,882 | $28,934,079 | $829,187,256 | $9,888,803 |
| 2023 | $35,773,093 | $28,826,427 | $808,419,660 | $6,946,666 |
| 2022 | $23,391,791 | $15,254,077 | $835,531,285 | $8,137,714 |
| 2021 | $17,427,262 | $13,796,078 | $864,129,621 | $3,631,184 |
| 2020 | $21,917,362 | $18,651,428 | $772,081,335 | $3,265,934 |
| 2019 | $24,979,127 | $18,591,486 | $652,906,191 | $6,387,641 |
| 2018 | $22,713,811 | $16,282,347 | $628,904,759 | $6,431,464 |
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