One Nevada Credit Union
| Company type | Not-for-profit cooperative |
|---|---|
| Industry | Financial services |
| Founded | February 10, 1950 |
| Headquarters | Winchester , United States |
Area served | Clark County, Washoe County, Nye County, Nevada |
Key people | Board of Directors (volunteer) |
| Products | Share savings, share certificates, share drafts (checking accounts), mortgage loans, auto financing, credit cards, prepaid debit cards, Essential Checking accounts, first-time homebuyer program |
| Website | www |
One Nevada Credit Union, based in Winchester, Nevada, stands as the largest federally insured, state-chartered credit union originating locally within Nevada. It maintains branch locations throughout Las Vegas, Henderson, Reno, and North Las Vegas.
Membership
Operating under a community charter, One Nevada extends membership eligibility to individuals residing, employed, worshiping, studying, or volunteering within Clark County, Washoe County, and Nye County. Additionally, immediate family members or those sharing a household with current members qualify for membership.
Financial performance
As of August 31, 2025, One Nevada managed 13 branch offices and offered access to 400 surcharge-free ATMs across Nevada, along with 43,000 nationwide through the Allpoint Network. Serving a membership base of 75,273 individuals, the credit union oversees assets totaling $1.53 billion. Classified as well-capitalized by the National Credit Union Administration, it maintains capital reserves above 13.9%. Depositor funds are safeguarded up to $250,000 by the National Credit Union Share Insurance Fund.
History
The origins of One Nevada trace back to two credit unions: Vegas Air Base Federal Credit Union, established on February 10, 1950, and Las Vegas City Employees Federal Credit Union, founded on February 14, 1951. The former was renamed Nellis Federal Credit Union in 1958. Both institutions primarily served their respective employer communities before merging on August 31, 1983, to form Nevada Federal Credit Union.
During the 1980s, several smaller credit unions—including Showboat Credit Union and Commercial Center Credit Union—consolidated into Nevada Federal. In August 2011, members voted to transition from a federal charter to a state charter, prompting a name change to One Nevada Credit Union.
Timeline
| 1950s | • 1950 – Establishment of Vegas Air Base Federal Credit Union with an initial membership of 77 and assets totaling $1,807
• 1951 – Formation of Las Vegas City Employees Federal Credit Union with 66 members and $2,205 in assets • 1958 – Vegas Air Base Federal Credit Union rebranded as Nellis Federal Credit Union |
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| 1980s | • 1981 – Nellis Federal became Nellis Southern Nevada; Las Vegas City Employees renamed Las Vegas Federal Credit Union
• 1983 – Merger of Nellis Southern Nevada and Las Vegas Federal resulting in Nevada Federal Credit Union • 1983 – NFCU achieved a membership of 57,000 and assets amounting to $106 million |
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| 2000s | • 2000 – NFCU’s membership reached 79,000 with assets totaling $511 million
• 2001 – Granted authorization to serve all residents within Clark County, Nevada • 2002 – Service area expanded to include Pahrump and parts of Reno • 2002–2009 – Received numerous accolades including Southern Nevada HR Association’s #1 Best Places to Work, AARP Best Employers for Workers Over 50, Diversity Champion honors, and Training Magazine's "Training Top 125" • 2006 – Recognized as Nevada State Psychologically Healthy Workplace and Company of the Year by Moms in Business Network |
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| 2010s | • 2011 – Transitioned to a state charter and rebranded as One Nevada Credit Union (ONCU)
• 2011 – Membership eligibility expanded to include Clark County, Nellis Air Force Base, Washoe County, and Nye County • 2013–2015 – Regularly acknowledged among top workplaces by Southern Nevada HR Association and Las Vegas Review Journal • 2014–2017 – Frequently voted #1 Bank/Credit Union by readers of the Las Vegas Review Journal • 2015 – Membership reached 76,078 with assets totaling $826.61 million; honored as Best Credit Union to Work For by Credit Union Journal • 2016 – Earned Golden Pinecone Award for environmental stewardship and ranked #2 among best credit unions by Vegas Inc. • 2017–2018 – Featured consecutively in Training Magazine's "Training Top 125," improving placement each year |
Products and services
In addition to conventional banking options such as share savings, share certificates, share drafts (checking accounts), mortgage loans, auto financing, and credit cards, the credit union provides specialized non-traditional offerings. These encompass a program designed for first-time homebuyers and Essential Checking accounts tailored for member households earning less than $35,000 annually or those who have recently faced job loss. Starting March 2010, the credit union also launched a range of prepaid debit card solutions targeting individuals with limited access to traditional banking services.
One Nevada Credit Union stands as one of the leading mortgage lenders within Clark County, Nevada, actively engaging in state-sponsored initiatives including Nevada's Hardest Hit Fund and the HARP 2.0 mortgage assistance programs.
Not-for-profit structure
Governance at One Nevada is maintained by a volunteer Board of Directors, elected yearly by members in good standing, which guarantees local oversight and representation of member interests. Both Board members and the Supervisory Committee perform their duties without receiving any remuneration. The credit union allocates its earnings back to members by offering reduced loan interest rates, enhanced service options, and generally higher dividends on deposits. This cooperative, not-for-profit framework enables One Nevada to benefit from federal tax-exempt status.