CU Benefits
As a credit union, Silver State Schools Credit Union is a financial and not-for-profit cooperative, owned and controlled by our members. Unlike banks, who turn profits over to their stockholders (who are not necessarily their customers), credit unions return surplus earnings to members in the form of higher savings dividends and lower loan rates.
Credit unions serve groups that share something in common, such as where they work, live, or go to church. Many, like Silver State Schools CU, were formed originally to serve a particular employer group… in our case the Clark County School District. In recent years, however, we have opened our field of membership to all members, volunteers and students in the educational field. So whether you work as a volunteer, or attend a public or private school, college or university, you are now eligible to receive credit union benefits.
Credit unions, like other financial institutions, are closely regulated. And they operate in a very prudent manner. Members’ funds on deposit are insured by American Share Insurance, a private insurer. ASI's program insures each account a member may have in an insured credit union up to $500,000. As a privately insured credit union, SSSCU is chartered and regulated by the same state authority (the Division of Financial Institutions) that licenses federally-insured state-chartered credit unions.
Credit unions work for the benefit of members, and it is member needs that drive the credit union’s product and service offerings. Because our members are the force behind our growth and prosperity, our members’ financial well-being is the true measure of our success.
