Totals
- Total revenue
- $41,674,251
- Total expenses
- $39,869,730
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $29,771,212
- Investment income
- $4,985,233
- Other revenue
- $6,917,806
- Total assets, end of year
- $842,892,172
- Total liabilities, end of year
- $778,836,344
- Net assets or fund balances, end of year
- $64,055,828
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $0
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: LOAN INCOME
total $29,771,212 · related or exempt $29,771,212
-
3 · Investment income
total $5,017,933 · excluded $5,017,933
-
7a · Gross sales of assets other than inventory
other assets $21,657
-
7b · Less cost or other basis and sales expenses
other assets $54,357
-
7c · Gain or loss
other assets -$32,700
-
7d · Net gain or loss
total -$32,700 · excluded -$32,700
-
11a · Other revenue: MEMBER FEES & CHARGES
total $6,009,498 · related or exempt $6,009,498
-
11b · Other revenue: OTHER INCOME
total $595,470 · related or exempt $595,470
-
11c · Other revenue: MORTGAGE ORIGINATION FEES
total $161,010 · related or exempt $161,010
-
11d · All other revenue
total $151,828 · related or exempt $48,685 · unrelated business $103,143
-
11e · Other revenue, total
$6,917,806
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,675,011
-
7 · Other salaries and wages
total $8,306,850
-
9 · Other employee benefits
total $1,573,838
-
10 · Payroll taxes
total $671,508
-
11b · Fees: legal
total $89,688
-
11c · Fees: accounting
total $162,789
-
12 · Advertising and promotion
total $142,180
-
13 · Office expenses
total $2,742,620
-
14 · Information technology
total $1,524,460
-
16 · Occupancy
total $1,346,537
-
19 · Conferences, conventions and meetings
total $112,717
-
20 · Interest
total $15,865,652
-
22 · Depreciation, depletion and amortization
total $1,239,292
-
23 · Insurance
total $133,470
-
24a · Other expenses: PROVISION FOR LOAN LOSS
total $1,555,127
-
24b · Other expenses: ONLINE BANKING
total $948,770
-
24c · Other expenses: LOAN SERVICING
total $478,866
-
24d · Other expenses: EQUIPMENT MAINTENANCE
total $397,324
-
24e · All other expenses
total $903,031
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $7,739,936 · end of year $7,811,207
-
2 · Savings and temporary cash investments
beginning of year $23,504,338 · end of year $70,662,505
-
7 · Other notes and loans receivable
beginning of year $616,828,000 · end of year $571,956,862
-
9 · Prepaid expenses and deferred charges
beginning of year $3,759,766 · end of year $5,485,906
-
10a · Land, buildings and equipment: cost or other basis
$31,519,792
-
10b · Land, buildings and equipment: accumulated depreciation
$21,161,627
-
10c · Land, buildings and equipment, net
beginning of year $10,480,525 · end of year $10,358,165
-
11 · Investments: publicly traded securities
beginning of year $174,616,154 · end of year $148,887,228
-
12 · Investments: other securities
beginning of year $5,111,900 · end of year $3,826,400
-
15 · Other assets
beginning of year $23,703,583 · end of year $23,903,899
-
17 · Accounts payable and accrued expenses
beginning of year $7,589,061 · end of year $5,864,858
-
23 · Secured mortgages and notes payable
beginning of year $131,339,937 · end of year $82,054,798
-
25 · Other liabilities
beginning of year $672,294,578 · end of year $690,916,688
-
31 · Retained earnings, endowment or other funds
beginning of year $54,520,626 · end of year $64,055,828
Mission and programs · 2024
Mission
A STATE CHARTERED CREDIT UNION PROVIDING FINANCIAL SERVICES BY TAKING DEPOSITS FROM AND MAKING LOANS TO ITS MEMBERS
Activities or mission (Part I)
CREDIT UNION
-
MAINTENANCE OF MEMBER DEPOSIT ACCOUNTS. NUMBER OF DEPOSIT ACCOUNTS IS 103,558. MAKING LOANS TO MEMBERS AT MARKET RATES OF INTEREST. NUMBER OF LOAN ACCOUNTS IS 19,549.
As filed on the 2024 return.
Listed in Part VII
-
A Scott MacknightA SCOTT MACKNIGHT
PRESIDENT/ C
- Total calculated
- $463,677
- From this org
- $459,361
- From related orgs
- $0
- Other
- $4,316
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $440,494
- Bonus
- $18,867
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $4,316
- Filer's total
- $463,677
-
Pamela FordPAMELA FORD
SVP OF LENDI
- Total calculated
- $194,510
- From this org
- $168,168
- From related orgs
- $0
- Other
- $26,342
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,442
- Bonus
- $6,726
- Other
- not reported
- Deferred
- $21,066
- Nontaxable benefits
- $5,276
- Filer's total
- $194,510
-
Jose Rivera HernandezJOSE RIVERA HERNANDEZ
SVP OF IT SE
- Total calculated
- $191,424
- From this org
- $156,103
- From related orgs
- $0
- Other
- $35,321
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,300
- Bonus
- $6,803
- Other
- not reported
- Deferred
- $29,658
- Nontaxable benefits
- $5,663
- Filer's total
- $191,424
-
Rebecca ThomasREBECCA THOMAS
SVP MARKETIN
- Total calculated
- $190,594
- From this org
- $150,143
- From related orgs
- $0
- Other
- $40,451
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $143,802
- Bonus
- $6,341
- Other
- not reported
- Deferred
- $35,373
- Nontaxable benefits
- $5,078
- Filer's total
- $190,594
-
Lisa Van BieneLISA VAN BIENE
VP OF MEMBER
- Total calculated
- $172,749
- From this org
- $159,210
- From related orgs
- $0
- Other
- $13,539
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,886
- Bonus
- $6,324
- Other
- not reported
- Deferred
- $9,707
- Nontaxable benefits
- $3,832
- Filer's total
- $172,749
-
Karin TaylorKARIN TAYLOR
SVP HUMAN RE
- Total calculated
- $166,160
- From this org
- $163,386
- From related orgs
- $0
- Other
- $2,774
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $156,789
- Bonus
- $6,597
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $2,774
- Filer's total
- $166,160
-
John ZiembaJOHN ZIEMBA
SVP COMM LEN
- Total calculated
- $157,428
- From this org
- $143,451
- From related orgs
- $0
- Other
- $13,977
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $136,911
- Bonus
- $6,540
- Other
- not reported
- Deferred
- $9,707
- Nontaxable benefits
- $4,270
- Filer's total
- $157,428
-
Karen WoodKAREN WOOD
FMR CFO/SVP
- Total calculated
- $119,653
- From this org
- $119,653
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Ivan RochfordIVAN ROCHFORD
IT MANAGER
- Total calculated
- $118,667
- From this org
- $118,667
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Lana Dal MolinLANA DAL MOLIN
VP COMM OUTR
- Total calculated
- $104,709
- From this org
- $104,709
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Mark PalermoMARK PALERMO
CFO/SVP OF F
- Total calculated
- $37,930
- From this org
- $30,463
- From related orgs
- $0
- Other
- $7,467
- Hours/week
- 40
-
Margo CompagnaMARGO COMPAGNA
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
David DegulisDAVID DEGULIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Robert DemersROBERT DEMERS
VICE CHAIRPE
- Total calculated
- $0
- Hours/week
- 1
-
Robert DuhaimeROBERT DUHAIME
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lilian Salas EspaillatLILIAN SALAS ESPAILLAT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David FredetteDAVID FREDETTE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca MaclennanREBECCA MACLENNAN
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mark RichardsonMARK RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Adeel TahirADEEL TAHIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Travel for companions
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
VALLEY-WILLOW LLC
C CORP · LEASE PROP · NH · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 21 October 2025
- IRS schema version
- 2024v5.0
- Source object
- 202532949349301453
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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