Frequently Asked Questions
What is a credit union?
A credit union is a not-for-profit, cooperative financial institution owned and run by its members. Organized to serve, democratically controlled credit unions provide their members with a safe place to save and borrow at reasonable rates. Members pool their funds to make loans to one-another. The volunteer board that runs each credit union is elected by the members.
Who is One Nevada?
We are a member-owned, not-for-profit cooperative. We are one of the largest credit unions in the state, and among the top credit unions in the nation, offering a full array of consumer financial services. Established in 1950, we have grown to over 75,500 member-owners with 16 Branches and more than 60 ATMs statewide.
Why should I join?
First, we are locally-owned and operated by our members. Second, we are a not-for-profit organization, formed and managed by members who want to have a say in their financial institution. When you join us, you automatically become an owner. The earnings of the credit union are used to pay dividends, cover the cost of operations, build reserves and provide affordable financial services.
Who can join?
Each credit union has a defined “field of membership.” The membership of One Nevada Credit Union consists of any person who lives, works, worships or attends school in Clark County, Nye County, or Washoe County in addition to employees of our select employer groups. Immediate family members of current members are also eligible to join.
How can I join?
Above, we’ve listed the criteria of who is eligible to join. If you qualify, please click here to apply online. You can also stop by one of our convenient branch offices or call a representative who will gladly explain the process to you.
I have poor credit and can’t get a traditional bank account; will I be able to open an account?
We provide savings and checking accounts for people who may have had challenges in the past but need a fresh start. We also offer lending products for people with not-so-great credit. Ask a representative for more details regarding our New Start Checking program.
Is my money safe?
Yes. You’ll have peace of mind knowing that your savings accounts are insured up to $250,000.00 and IRA accounts are insured an additional $250,000.00 by the National Credit Union Administration (NCUA), an U.S. Government Agency.
Can I access my accounts without going to a branch?
You bet! Our smart phone apps are available 24/7. You can transfer funds between accounts, pay bills, check your account balances, review account history and so much more! Plus, you may access your account through SilverLink Online and mobile banking. Or, you may use any of our ATM to get cash, make a deposit or make a payment toward your loan(s).
Do all members save money by using a credit union?
Yes. Studies have shown that the average member saves between $150–$300 a year by conducting most of their financial business with the credit union instead of a bank. The more products and services you use at One Nevada Credit Union, the more you’ll save!
Do we offer loans?
Yes. We offer our members a wide range of loan products. From home loans to auto loans, boat loans to motorcycle loans and Visa® cards; we have a loan that can fit your needs.
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