[LAS VEGAS, Nev.] – April 12, 2024 – In an announcement made by the State Bar of Nevada, Clark County Credit Union (CCCU) received Platinum Partner status for its Interest on Lawyer Trust Accounts (IOLTA) account. A Platinum Partner pays 2.0 percent or more interest on an IOLTA which aims to provide crucial legal aid services regardless of financial circumstances.
According to the State Bar of Nevada’s announcement, “IOLTA is one of the top three sources of funding for legal aid in Nevada. Approved Nevada financial institutions for IOLTA pay favorable rates on IOLTA interest. That interest is pooled and granted by the Nevada Bar Foundation to legal related-organizations in Nevada with most funds directed to Nevada’s legal aid providers.”
The Nevada Bar Foundation’s IOLTA program helps organizations that directly work with the poor, victims of domestic violence, senior citizens, children protected by or in need of protection by the juvenile court and other persons who may be denied access to justice. In the 2023 annual report, the Foundation distributed more than $6 million in IOLTA grant dollars since 2014. These funds helped more than 40,000 households statewide to get access to civil legal services.
As part of the credit union’s motto of People Helping People, CCCU believes that this initiative will help improve the lives of the Nevada residents and ensure each resident gets access to a fair and equal legal assistance.
Click here to get more information about CCCU’s Nevada Interest on Lawyers Trust Account (IOLTA) or contact CCCU’s VP of Commercial Lending Manager, Chris Schlaffman at 702-939-3214.
About Clark County Credit Union
Founded in 1951, CCCU is a not-for-profit financial institution serving over 52,000 members who are municipal employees (Clark County, City of Henderson, City of Las Vegas, and City of North Las Vegas), medical professionals, members of Nevada Public Radio (KNPR) and numerous select employer groups. CCCU has assets of $1.1 billion and six branches throughout Southern Nevada. More information about CCCU can be found online at www.ccculv.org.
About the State Bar of Nevada
Under the supervision of the Nevada Supreme Court, the State Bar of Nevada is composed of more than 10,000 members with 71 percent residing in Clark County. Since 1928, the State Bar of Nevada has continued to serve its members and the public. From admissions, lawyer regulation and client protection divisions to services such as lawyer referral, law related education and access to justice, the State Bar of Nevada has a wide variety of programs designed to meet its mission.
About Nevada Bar Foundation
Incorporated in 1997, the Nevada Bar Foundation (NBF) is the 501(c)(3) charitable arm of the State Bar of Nevada. The foundation was organized to support charitable giving related to access to justice and legal education programs. In addition to the IOLTA program, the NBF also conducts fundraising in support of access to justice through direct legal services to the poor, to victims of domestic violence and to children protected by or in need of protection of the juvenile court and Law Related Education (LRE) programs such as the Mock Trial program.
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