Silver State Schools Credit Union
Silver State Schools Credit Union is a Nevada-chartered member-owned cooperative founded in 1951, serving educators, Nevada residents, small businesses, and youth through 10 Las Vegas Valley branches and digital banking spanning consumer, mortgage, auto, and commercial lending.
- Company typePrivate
- Founded1951
- HeadquartersLas Vegas, United States
- Headcount101–250
- GTM typeB2B and B2C
- OfferingServices
What Silver State Schools Credit Union does
Silver State Schools Credit Union (SSSCU) is a member-owned financial cooperative chartered in Nevada in 1951, headquartered in Las Vegas. It provides consumer and commercial banking products — checking, savings, money market, certificates, IRAs, credit cards, vehicle loans, personal loans, mortgages, home equity products, and small-business banking — alongside insurance and wealth-management referrals. Its original charter base was Nevada educators and school employees, but membership has been broadened to all Nevada residents while retaining specialized educator-specific products such as Classroom Supply Loans, Advanced Curriculum Loans, and the Educators+ Homeownership Program.
Operationally, SSSCU distributes through 10 branches across the Las Vegas, North Las Vegas, and Henderson metropolitan area, supplemented by the CO-OP Shared Branching network (5,000+ locations) and the Allpoint ATM network (85,000+ surcharge-free ATMs). Its digital platform comprises iOS and Android mobile apps, online banking, mobile deposit, ACH and wire transfers, digital wallet support (Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay), and member-experience tools such as ClickSWITCH for direct-deposit switching and CardSwap for automated subscription billing. The credit union is insured up to $500,000 per account through American Share Insurance and Excess Share Insurance Corporation (not federally insured), holds Equal Housing Lender status, and operates a captive mortgage subsidiary (Silver State Schools Servicing Company LLC dba Silver State Schools Mortgage Company).
SSSCU's revenue model is the standard credit-union net-interest-margin framework: interest income from consumer, mortgage, educator-specific, and commercial lending, net of dividends paid on member deposits. Supplementary income comes from transaction fees (overdraft, wire, paper statement), interchange on Visa debit and credit card transactions, certificate early-withdrawal penalties, and referral economics on insurance and wealth-management products. Promotional pricing is actively used across 2026 — including 4.74% APR auto loans with 90-day deferred payments, a $500 mortgage closing-cost credit, certificate rates up to 3.25% APR, and waived commercial-loan origination fees up to $25,000 — to drive both sides of the balance sheet. GTM is predominantly direct-to-consumer through the branch and digital channels, with an indirect-auto overlay via preferred dealership partnerships (Towbin Kia, Findlay Toyota, Findlay Chevrolet, Chapman Chrysler Jeep) and an affinity-marketing overlay through the UNLV Rebels Forever co-branded card program.
Silver State Schools Credit Union firmographics
Firmographics- Name
- Silver State Schools Credit Union
- Legal name
- Silver State Schools Credit Union
- Website
- https://silverstatecu.com
- Company type
- Private
- Founded year
- 1951
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Silver State Schools Credit Union is a Nevada-chartered member-owned cooperative founded in 1951, serving educators, Nevada residents, small businesses, and youth through 10 Las Vegas Valley branches and digital banking spanning consumer, mortgage, auto, and commercial lending.
- Ownership category
- akta.pro rank
Silver State Schools Credit Union industry classification
Industry- Product category
- Credit Union Services
- NAICS
- Credit Unions (52213)
- SIC
- State Commercial Banks (6022)
- akta.pro primary industry
- Community Credit Unions (Retail/Consumer Focus) (FSABAEAA)
Keywords
Where Silver State Schools Credit Union is headquartered
LocationHeadquarters
- HQ city
- Las Vegas
- HQ country
- United States
- HQ region
- North America
Offices11 records
Markets served
Silver State Schools Credit Union business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Interest Income from Lending: The credit union earns interest income from various loan products including vehicle loans (auto, boat, RV), personal loans, student loans, educator employee loans, mortgages, home equity loans/LOC, and business loans. Interest rates vary by product type and member qualifications.
- Fee Income: Monthly maintenance fees on checking accounts (Advantage Checking $6/month, Basic Checking $3/month with waiver options, MYAccount and SMART Checking $0), overdraft fees ($29 per item), ATM fees, wire transfer fees, and paper statement fees ($5 waived with eStatements). Certificate early withdrawal penalties also generate fee income.
- Interchange and Transaction Revenue: Revenue from Visa Debit and Credit Card transaction interchange fees when members use their cards for purchases.
- Dividend Expense (Cost of Funds): As a credit union, the primary cost is dividends paid to members on deposit accounts (checking, savings, money market, certificates, IRAs). Net interest margin is the spread between loan interest earned and dividend expense.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Savings accounts with competitive APYs ranging from 0.050% to 2.89% |
| Subscription | Monthly | Checking accounts with fee structures and reward checking up to 0.75% APY |
| Subscription | Monthly | Certificate accounts with terms from 3 months to 60 months, APYs up to 3.87% |
| Unit Pricing | Monthly | Vehicle loans with competitive rates starting at 4.74% APR |
| Subscription | Monthly | Mortgage products including 30-year fixed as low as 5.750% interest rate |
| Unit Pricing | Monthly | Personal loans up to $50,000 at 10.49% APR, secured options at 3% over savings rate |
| Unit Pricing | Monthly | Educator-specific loans with discounted rates from 4.99% to 8.49% APR |
| Transaction based/ take rate | Monthly | Credit cards with Cash Back at 15.49% APR, Low Rate at 9.49% APR, Secured at 14.99% APR |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
Silver State Schools Credit Union product offering
Product offeringCore offering
Silver State Schools Credit Union is a not-for-profit cooperative credit union based in Las Vegas, Nevada, founded in 1951 to serve educators and school employees and since expanded to all Nevada residents. It offers consumer banking accounts, mortgage loans, vehicle financing, and a dedicated business banking suite including Business Premier Checking, Business Savings, Business Money Markets, Business Certificate Accounts, Commercial Real Estate Loans, Commercial Auto & Equipment Loans, Commercial Lines of Credit, and Business Credit Cards, delivered across 10 branch locations in the Las Vegas metro area.
Product overview
Silver State Schools Credit Union offers a comprehensive suite of financial products and services organized into three main categories: Consumer Banking (checking, savings, certificates, IRAs, credit cards, and digital banking tools), Lending (vehicle loans, personal loans, student loans, educator-specific loans, mortgages, home equity products, and business lending), and Insurance & Wealth Management. The core banking platform includes multiple checking account tiers (Advantage, Basic, MYAccount, SMART for youth), savings options (Regular, Secondary, MYAccount, SMART, and Money Markets), and certificate/IRA products. The lending portfolio spans consumer loans, specialized educator loans with preferential rates, residential mortgages including government-backed options, and commercial banking services. Digital banking capabilities include online and mobile banking, digital wallet integrations (Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, Garmin Pay), and ancillary services like overdraft protection and fraud prevention. The credit union also provides insurance products and financial wellness education as member benefits.
Differentiator
Problem solved
Functional benefit
Products and services
- Consumer Checking Accounts
Companies that use Silver State Schools Credit Union
Customer profileSegments4 records
Ideal customer profiles2 records
Silver State Schools Credit Union technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature4 records
Silver State Schools Credit Union partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- Towbin KiacorePreferred dealership partnership allowing SSSCU to offer competitive vehicle financing to customers purchasing from Towbin Kia. Part of SSSCU's preferred dealer network to provide members with competitive pricing and superior customer service on vehicle purchases.
- Findlay ToyotacorePreferred dealership partnership providing SSSCU members with competitive financing options for Toyota vehicles. The partnership offers members better rates and streamlined purchasing experience.
- Findlay ChevroletcorePreferred dealership partnership for Chevrolet vehicle financing, offering SSSCU members competitive rates and dedicated service when purchasing vehicles.
- Chapman Chrysler JeepcorePreferred dealership partnership providing SSSCU members with financing options for Chrysler and Jeep vehicles with competitive rates and customer service.
- UNLV Alumni AssociationminorRebels Forever co-branded credit and debit card program. UNLV students, alumni, and fans can display Rebel pride with special card designs, with purchases supporting UNLV Alumni Association community initiatives at no additional cost to cardholders.
- Insurance Providers (Joint Marketing)minorJoint marketing partnerships with insurance providers as part of the credit union's comprehensive financial services offerings. Insurance products include homeowners, auto, gap, extended warranty, life, AD&D, and debt protection.
- Financial AdvisorsminorJoint marketing partners for wealth management services. SSSCU offers investment and insurance products through partnerships with financial advisors to provide comprehensive retirement and wealth management solutions.
- CO-OP Financial ServicescoreShared branching network partnership providing SSSCU members access to 5,000+ shared branching locations nationwide for deposits, withdrawals, and account services at other credit unions.
- Allpoint NetworkcoreSurcharge-free ATM network partnership providing SSSCU members access to 85,000+ surcharge-free ATMs worldwide including Canada, Mexico, Puerto Rico, United Kingdom, and Australia.
Scale indicators5 records
Recent moves2 records
Expansion highlights4 records
Silver State Schools Credit Union competitors and assessment
Company assessmentEmerging players
- SoFi Bank: Digital-first bank and lender competing for high-credit-quality Nevada residents with mortgage, personal loan, and deposit products. Targets the same digitally-engaged younger demographics as SSSCU's MYAccount and SMART programs.
Direct peers
- Wescom Credit Union: Southern California community credit union serving educators and broader community with consumer lending, mortgage origination, and youth-banking products directly comparable to SSSCU's offering set.
- Alliant Credit Union: Large online-first credit union with a national community charter and a tech-forward digital platform paralleling SSSCU's mobile + ClickSWITCH + digital-wallet stack. Competes for the same digitally engaged consumer-member segment nationwide, including Nevada.
- SchoolsFirst Federal Credit Union: California's largest school-employee credit union, serving K-12 educators and school staff with deposit products, mortgage lending, and educator-specific loan products comparable to SSSCU's specialty portfolio. Like SSSCU, it has expanded membership beyond educators into broader community banking while retaining educator-focused differentiation.
- Patelco Credit Union: Northern California community credit union offering consumer deposits, HELOC, vehicle loans, and digital banking comparable to SSSCU's broader portfolio. Comparable asset size and product breadth, with similar member-owned cooperative structure.
- One Nevada Credit Union: Nevada-licensed community credit union directly competing with SSSCU across Las Vegas and Reno for consumer deposits, auto loans, and mortgages. Operates the same Nevada field-of-membership and overlaps at multiple metro branches.
- Sierra Pacific Federal Credit Union: Nevada-headquartered (Reno-based) community credit union offering similar consumer, mortgage, and business banking. Same regulator, same deposit insurance model (private share insurance), and head-to-head competition for Nevada households.
- Desert Financial Credit Union (formerly Desert Schools): Arizona's largest credit union with school-employee heritage, similar state-wide community charter, and matching focus on educator/student products. Closely mirrors SSSCU's product blueprint and member-acquisition approach.
Broad incumbents
- Wells Fargo: National bank with major Las Vegas retail-banking presence — directly competes for the same consumer deposit, mortgage, and auto-lending business, but operates as a for-profit incumbent across many product categories outside SSSCU's educator niche.
- Nevada State Bank: State-chartered commercial bank with deep Las Vegas Valley branch network, competing head-to-head in consumer deposits, mortgages, and small-business banking. Differentiates as a community-focused commercial bank rather than a member-owned cooperative.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Silver State Schools Credit Union social profiles
Digital presenceSilver State Schools Credit Union compliance and trust
Trust signalCompliance5 records
Silver State Schools Credit Union financial estimates
Financial estimateRevenue estimate
Valuation estimate
Silver State Schools Credit Union leadership team
Management profileNumber of profiles
Silver State Schools Credit Union subsidiaries and ownership
Company hierarchySubsidiaries1 record
Silver State Schools Credit Union funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Silver State Schools Credit Union M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Silver State Schools Credit Union
What does Silver State Schools Credit Union do?
Silver State Schools Credit Union is a not-for-profit cooperative credit union based in Las Vegas, Nevada, founded in 1951 to serve educators and school employees and since expanded to all Nevada residents. It offers consumer banking accounts, mortgage loans, vehicle financing, and a dedicated business banking suite including Business Premier Checking, Business Savings, Business Money Markets, Business Certificate Accounts, Commercial Real Estate Loans, Commercial Auto & Equipment Loans, Commercial Lines of Credit, and Business Credit Cards, delivered across 10 branch locations in the Las Vegas metro area.
Is Silver State Schools Credit Union a public or private company?
Silver State Schools Credit Union is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Silver State Schools Credit Union founded?
Silver State Schools Credit Union was founded in 1951. It employs 101 to 250 people.
Where is Silver State Schools Credit Union based?
Silver State Schools Credit Union is headquartered in Las Vegas, United States, in the North America region.
How does Silver State Schools Credit Union make money?
Four revenue lines are on record. Interest Income from Lending is the primary driver. The others are fee Income, interchange and Transaction Revenue and dividend Expense (Cost of Funds).
Who are Silver State Schools Credit Union's main competitors?
SoFi Bank is listed as an emerging player. Direct peers are Wescom Credit Union, Alliant Credit Union, SchoolsFirst Federal Credit Union, Patelco Credit Union, One Nevada Credit Union, Sierra Pacific Federal Credit Union and Desert Financial Credit Union (formerly Desert Schools). Broad incumbents are Wells Fargo and Nevada State Bank.
Does Silver State Schools Credit Union have an API?
No public API is recorded for Silver State Schools Credit Union.
What industry is Silver State Schools Credit Union in?
Silver State Schools Credit Union's product category is Credit Union Services. Its primary akta.pro industry code is FSABAEAA, Community Credit Unions (Retail/Consumer Focus). Its NAICS code is 52213 and its SIC code is 6022.