Membership Information
Silver State Schools Credit Union is a state chartered cooperative, owned and in business to serve its members. There are no stockholders or groups of owners. Each member has one vote and all members share in the profits from credit union operations.
A volunteer board of directors elected by the membership governs the credit union and is responsible for establishing and reviewing credit union policies and procedures.
While the credit union's primary field of membership is drawn directly from the educational community, our charter allows other educational associations and private entities to join. In broad terms, anyone associated with any educational organization, be they volunteers, students (over the age of 16), retirees, employees (teachers, administrators, staff, etc) and members of organizations such as PTA's or PTO's would be eligible to join the credit union.
Memberships from non-educational entities are accepted but will require board of director and regulatory approvals. (See "Who Can Join" for a list of current eligible members). As a financial co-operative, members share in the benefits of having higher dividend rates on their savings and investment accounts, lower interest rates on their loans, and lower account maintenance and transactions fees.
Silver State Schools Credit Union is regulated by the State of Nevada - Division of Financial Institutions and members’ funds on deposit are privately insured, up to $500,000 per account, by American Share Insurance company, a private insurer.
