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Nonprofiteer
← VALLEY CREDIT UNION

Form 990 for tax year 2025

Filed by VALLEY CREDIT UNION.

Totals

Total revenue
$5,385,062
Total expenses
$4,843,255
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$3,275,953
Investment income
$2,076,705
Other revenue
$32,404
Total assets, end of year
$110,380,964
Total liabilities, end of year
$96,203,497
Net assets or fund balances, end of year
$14,177,467
Program services expenses (Part IX)
$0
Management and general expenses
$4,843,255
Fundraising expenses
$0
Program service expenses (Part III)
$4,843,256

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: INTEREST ON LOANS

    total $2,444,059 · related or exempt $2,444,059

  • 2b · Program service revenue: FEE INCOME

    total $831,894 · related or exempt $831,894

  • 3 · Investment income

    total $2,076,705 · related or exempt $2,076,705

  • 11a · Other revenue: OTHER OPERATING INCOME

    total $32,404 · related or exempt $32,404

  • 11e · Other revenue, total

    $32,404

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,187,389 · management and general $1,187,389

  • 8 · Pension plan contributions

    total $138,000 · management and general $138,000

  • 9 · Other employee benefits

    total $192,134 · management and general $192,134

  • 10 · Payroll taxes

    total $93,494 · management and general $93,494

  • 13 · Office expenses

    total $230,590 · management and general $230,590

  • 16 · Occupancy

    total $327,671 · management and general $327,671

  • 19 · Conferences, conventions and meetings

    total $59,130 · management and general $59,130

  • 20 · Interest

    total $1,410,432 · management and general $1,410,432

  • 24a · Other expenses: PROF & OUTSIDE SERVICES

    total $712,897 · management and general $712,897

  • 24b · Other expenses: EDUCATIONAL & PROMO

    total $159,998 · management and general $159,998

  • 24c · Other expenses: LOAN SERVICING EXP

    total $114,243 · management and general $114,243

  • 24d · Other expenses: PROVISION FOR LOAN LOSS

    total $107,911 · management and general $107,911

  • 24e · All other expenses

    total $109,366 · management and general $109,366

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,421,077 · end of year $9,303,228

  • 2 · Savings and temporary cash investments

    beginning of year $9,468,146 · end of year $7,244,754

  • 4 · Accounts receivable

    beginning of year $34,958,493 · end of year $37,467,574

  • 9 · Prepaid expenses and deferred charges

    beginning of year $135,537 · end of year $190,366

  • 10a · Land, buildings and equipment: cost or other basis

    $4,328,146

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,006,294

  • 10c · Land, buildings and equipment, net

    beginning of year $2,068,607 · end of year $2,321,852

  • 12 · Investments: other securities

    beginning of year $46,863,143 · end of year $52,422,372

  • 15 · Other assets

    beginning of year $1,320,315 · end of year $1,430,818

  • 17 · Accounts payable and accrued expenses

    beginning of year $329,324 · end of year $468,539

  • 25 · Other liabilities

    beginning of year $90,472,989 · end of year $95,734,958

  • 31 · Retained earnings, endowment or other funds

    beginning of year $12,433,005 · end of year $14,177,467

Mission and programs · 2025

Mission

CREDIT UNION - TO PROVIDE SERVICES TO APPROXIMATELY 6,032 MEMBERS IN THE FORM OF LOANS, SAVINGS, AND OTHER FINANCIAL SERVICES.

Activities or mission (Part I)

CREDIT UNION - TO PROVIDE FINANCIAL SERVICES FOR ITS MEMBERS.

  • THE CREDIT UNION PROVIDED A VARIETY OF LOAN SERVICES FOR ITS MEMBERS.

    Expenses $3,432,824

  • THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.

    Expenses $1,410,432

As filed on the 2025 return.

Listed in Part VII

  • Dawn Truitt

    CEO/SEC/TREA

    Total calculated
    $231,277
    From this org
    $186,550
    From related orgs
    $0
    Other
    $44,727
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,012
    Bonus
    $6,538
    Other
    not reported
    Deferred
    $44,727
    Nontaxable benefits
    not reported
    Filer's total
    $231,277

  • Anthony Riley

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    1

  • Sandra H James

    BOARD VICE P

    Total calculated
    $0
    Hours/week
    1

  • Doug Worley

    BOARD PRESID

    Total calculated
    $0
    Hours/week
    1

  • Robert Mullen

    BOARD VICE P

    Total calculated
    $0
    Hours/week
    1

  • Dr John Landers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Richard Gardner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Royce Massey

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Otis Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Morgan

    SUPV COMM ME

    Total calculated
    $0
    Hours/week
    1

  • Brittany Gaston

    SUPERVISORY

    Total calculated
    $0
    Hours/week
    1

  • Dr Tim Morgan

    SUPERVISOR C

    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

None.

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.

Provenance

Return type
form_990
Tax year
2025
Filed
30 March 2026
IRS schema version
2025v4.0
Source object
202610929349300321

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