Among concerns business owners need to manage is what kind of financial institution to bring onboard to meet the company's banking needs. In general, choices include traditional banks that service the general public and offer standard financial services. Commercial and corporate banks provide specialty services to business accounts of all sizes. Investment banks handle more … [Read more...] about Credit Unions 2024
Matt Kershaw
Credit Unions In NevadaMembership and Community
Statewide, credit unions in metro and rural areas may have very different markets. However, the top issues they're facing are consistent when contrasted between credit unions and traditional banking, between Nevada and the rest of the U.S., and between metro and rural. "Overall banking issues are relatively consistent across the state and the nation as technology continues … [Read more...] about Credit Unions In Nevada
Applications Open for Ten Smart Start Scholarships From CCCU
[LAS VEGAS, Nev.] – March 23, 2023 – Clark County Credit Union (CCCU) will award ten scholarships with its annual Smart Start Scholarship, created to help credit union members realize their financial goals and dreams through education. CCCU members (or their children) who meet eligibility requirements and are students who are enrolled in an accredited university, will have the … [Read more...] about Applications Open for Ten Smart Start Scholarships From CCCU
Clark County CU Distributes $2.6 Million Bonus Dividend to Members
Members have received more than $73 million in bonus dividends since 2001 [LAS VEGAS, Nev.] – January 27, 2023– As a financial institution that strives to help its members realize their financial goals and dreams, Clark County Credit Union (CCCU) is celebrating Bonus Dividend Day today with a $2.6 million dividend payout to its members. Though the Bonus Dividend began in 2001, … [Read more...] about Clark County CU Distributes $2.6 Million Bonus Dividend to Members
Credit UnionsDiversifying Loan Activity
Credit unions are becoming an increasingly important source of loans for small businesses, a development that’s particularly welcome to credit union executives vexed by the need to put massive flows of new deposits to profitable use. At the middle of this year, small business loans at the 15 credit unions headquartered in Nevada stood at $640 million, a 63 percent increase from … [Read more...] about Credit Unions
Qualified Borrowers WantedCredit Unions Focus on Lending
Even the owner of the tiniest shop knows this feeling: The shelves are full of brand-new inventory, but buyers are slow to take advantage, even after some aggressive price-cutting. Credit unions across Nevada find themselves in a similar boat these days. Inventory, which for them is money available to loan, has been pouring into credit unions for the past six months as … [Read more...] about Qualified Borrowers Wanted
Credit UnionsCommunity Banking
As banks continue to consolidate and grow as national corporations, credit unions likewise continue to provide financial connections to local communities. Clark County Credit Union President and CEO Matt Kershaw said the philosophy of “people helping people” has propelled state-charted credit unions to be the largest group of locally-owned financial institutions in Nevada. … [Read more...] about Credit Unions
The Business of Credit Unions: The “Own-Your-Own” Financing Institution
“Credit unions have a different structure and business model than banks do, but they’re still depository institutions, so safe and sound is still safe and sound,” said George Burns, commissioner, Nevada Financial Institutions Division (NFID). They’re also the largest state-chartered, locally owned financial institutions in the state, according to Matt Kershaw, CEO, Clark … [Read more...] about The Business of Credit Unions: The “Own-Your-Own” Financing Institution
Movers and Shakers: Matt Kershaw
President & CEO Clark County Credit Union (65 years in NV) Type of Business: Credit Union | Hails from: Sandy, Utah | 11 years with company in Nevada | Based in: Las Vegas How did you first get into your profession? My friend’s dad worked at a bank and helped me find a job when I was going to college. What is your pet peeve? The gobbling up of successful … [Read more...] about Movers and Shakers: Matt Kershaw
Nevada’s Credit Unions Experience Growth
Despite new and ongoing challenges, Nevada’s credit unions are experiencing an upswing in membership and activity. Of the state’s 17 credit unions, the nine in Northern Nevada attained a record high membership of 112,347 by adding 3,973 individuals between the fourth quarters of 2014 and 2015, the most recent period for which Nevada Credit Union League (NCUL) data is … [Read more...] about Nevada’s Credit Unions Experience Growth
Let’s Get Personal: Credit Unions in Nevada
Although many financial institutions struggled during the recent economic downturn, credit unions in general fared somewhat better. “The credit union industry weathered the recession pretty well, but in Nevada some merged out of existence. The credit unions that are left are much stronger and are thriving now,” said Andy Hunter, president and CEO of Silver State Schools … [Read more...] about Let’s Get Personal: Credit Unions in Nevada