LAS VEGAS, NV
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Sign In — Free (10 views/day)IBEW PLUS CREDIT UNION, founded in 1983, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $915K, a strong 15% operating margin.
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 SET BY THE BOARD OF DIRECTORS AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, PLUS CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
THE LAS VEGAS ELECTRICAL FEDERAL CREDIT UNION WAS FORMED IN 1952, IN LAS VEGAS, NEVADA WITH 100 MEMBERS OF I.B.E.W. LOCAL #357 AS THE CHARTER MEMBERS OF THE CREDIT UNION. IBEW PLUS CREDIT UNION WAS...
THE LAS VEGAS ELECTRICAL FEDERAL CREDIT UNION WAS FORMED IN 1952, IN LAS VEGAS, NEVADA WITH 100 MEMBERS OF I.B.E.W. LOCAL #357 AS THE CHARTER MEMBERS OF THE CREDIT UNION. IBEW PLUS CREDIT UNION WAS THE FIRST UNION-REPRESENTED CREDIT UNION IN NEVADA. OVER THE YEARS, WE HAVE BECOME A FULL-SERVICE FINANCIAL INSTITUTION OFFERING OUR MEMBERS THE HIGHEST LEVEL OF SERVICE, RESPECT, AND SECURITY. OUR LENDING PROGRAM ENCOMPASSES ALL LENDING AREAS UNDER WHICH OUR MEMBERS MAY NEED CONSUMER CREDIT DURING THEIR MEMBERSHIP WITH IBEW PLUS CREDIT UNION, SUCH AS AUTO LOANS, HOME LOANS, AND HOME EQUITY LOANS. CONVERSELY, WHERE OUR MEMBERS NEED A SAVINGS VESSEL THAT GIVES THE SAFETY AND SECURITY OF BANKING DEPOSIT PRODUCTS, IBEW PLUS CREDIT UNION OFFERS A WIDE VARIETY OF INTEREST BEARING CONSUMER DEPOSIT ACCOUNTS FROM CHECKING ACCOUNTS THROUGH IRA TIME DEPOSITS AND ALL THINGS IN BETWEEN. OUR DRIVING PRINCIPLE IS TO BE AVAILABLE FOR OUR MEMBERS/OWNER'S FINANCIAL NEEDS WHILE PROVIDING AN ENVIRONMENT WHERE OUR MEMBER/OWNER'S FINANCIAL NEEDS COMPLIMENT AND ASSIST OTHER MEMBER/OWNER'S NEEDS AND REQUIREMENTS IN A PURELY COOPERATIVE ENVIRONMENT.
ACCESSIBILITY TO THEIR FUNDS IS HIGH ON OUR MEMBERS' WISH LIST. WITH OUR SERVICES, THEY CAN ACCESS THEIR FUNDS THROUGH THE AUTOMATED CLEARING HOUSE, BY CHECK, BY ATM/DEBIT CARDS, PHONE, HOME BANKING...
ACCESSIBILITY TO THEIR FUNDS IS HIGH ON OUR MEMBERS' WISH LIST. WITH OUR SERVICES, THEY CAN ACCESS THEIR FUNDS THROUGH THE AUTOMATED CLEARING HOUSE, BY CHECK, BY ATM/DEBIT CARDS, PHONE, HOME BANKING, MOBILE ACCESS, ETC.
THE CREDIT UNION STRIVES TO KEEP ITS DIVIDEND RATES WITHIN THE HIGHER END OF THE MARKET TO HELP MEMBERS IMPROVE THEIR WEALTH. DIFFERENT SAVINGS PRODUCTS ARE AVAILABLE FOR DIFFERENT LEVELS OF SAVINGS.
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 | $5,953,910 | $5,510,028 | +0.1% |
| Expenses | $5,039,380 | $4,349,848 | +0.2% |
| Net Income | $914,530 | $1,160,180 | -0.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
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 |
|---|---|---|---|---|---|---|
| ROBERT E CANNON | CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| SAM HORNBECK | VICE CHAIRPERSON | 1.00 |
Director
|
$0 | $0 | $0 |
| WENDY SIEDLECKI | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| ROBERT DUKE CANNON | TREASURER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL FRITCHLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DONNA BRADLEY | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY WALLENFANG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MICHAEL WISNER | SUPV CMTE CHAIRPERSON | 0.50 |
Director
|
$0 | $0 | $0 |
| MICHAEL KREIMEYER | SUPV CMTE MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| ALAN SMITH | SUPV CMTE MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| KEVIN HENARD | SUPV CMTE MEMBER | 0.50 |
Director
|
$0 | $0 | $0 |
| CAROL SCHUMACHER | PRESIDENT/CEO | 40.00 |
Officer
|
$329,411 | $28,026 | $357,437 |
| STEPHANIE CALACAL | EVP | 40.00 |
Officer
|
$213,919 | $35,209 | $249,128 |
| KELLY ETHIER | EVP/CLO | 40.00 |
Officer
|
$189,700 | $26,411 | $216,111 |
| DIANE CAMARDELLA | VP OF COMPLIANCE | 40.00 |
Officer
|
$163,961 | $25,974 | $189,935 |
| TARA SEXTON | VP | 40.00 |
Officer
|
$118,099 | $24,435 | $142,534 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $5,953,910 | $5,039,380 | $123,763,069 | $914,530 |
| 2023 | $5,510,028 | $4,349,848 | $119,100,579 | $1,160,180 |
| 2022 | $3,766,214 | $3,355,561 | $114,417,679 | $410,653 |
| 2021 | $3,377,704 | $3,372,710 | $115,817,912 | $4,994 |
| 2020 | $3,420,151 | $3,300,591 | $107,836,262 | $119,560 |
| 2019 | $4,101,011 | $3,739,126 | $92,490,756 | $361,885 |
| 2018 | $4,033,539 | $3,542,569 | $89,614,863 | $490,970 |
Compare IBEW PLUS CREDIT UNION with other nonprofits in Nevada and across the country.