Totals
- Total revenue
- $263,698,848
- Total expenses
- $233,387,885
- Contributions and grants received
- $0
- Grants paid
- $2,315,876
- Program service revenue
- $229,921,616
- Investment income
- $20,766,370
- Other revenue
- $13,010,862
- Total assets, end of year
- $3,916,563,936
- Total liabilities, end of year
- $3,598,601,030
- Net assets or fund balances, end of year
- $317,962,906
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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 $174,007,348 · related or exempt $174,007,348
-
2b · Program service revenue: OTHER OPERATING INCOME
total $40,574,315 · related or exempt $40,388,784 · unrelated business $185,531
-
2c · Program service revenue: FEE INCOME
total $15,339,953 · related or exempt $14,349,130 · unrelated business $990,823
-
3 · Investment income
total $21,378,168 · related or exempt $20,372,248 · unrelated business $1,005,920
-
7a · Gross sales of assets other than inventory
securities $36,292,950
-
7b · Less cost or other basis and sales expenses
securities $36,904,748
-
7c · Gain or loss
securities -$611,798
-
7d · Net gain or loss
total -$611,798 · related or exempt -$611,798
-
11a · Other revenue: GAIN ON ALL OTHER INVE
total $13,010,862 · related or exempt $13,010,862
-
11e · Other revenue, total
$13,010,862
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $2,310,376
-
2 · Grants to domestic individuals
total $5,500
-
5 · Compensation of officers, directors and key employees
total $22,108,731
-
7 · Other salaries and wages
total $30,824,965
-
8 · Pension plan contributions
total $2,400,354
-
9 · Other employee benefits
total $6,973,185
-
10 · Payroll taxes
total $3,822,984
-
11b · Fees: legal
total $2,577,067
-
11c · Fees: accounting
total $152,825
-
11g · Fees: other
total $14,697,498
-
12 · Advertising and promotion
total $6,493,734
-
13 · Office expenses
total $17,403,474
-
14 · Information technology
total $11,238,327
-
16 · Occupancy
total $5,569,949
-
17 · Travel
total $2,149,838
-
20 · Interest
total $59,041,785
-
22 · Depreciation, depletion and amortization
total $5,039,164
-
23 · Insurance
total $1,208,048
-
24a · Other expenses: PROVISION FOR LOAN AND
total $30,370,721
-
24b · Other expenses: LOAN SERVICING EXPENSE
total $7,032,757
-
24c · Other expenses: MISC OPERATING EXPENSES
total $1,152,643
-
24d · Other expenses: LOSS ON SALES OF LOANS
total $417,288
-
24e · All other expenses
total $396,672
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $110,154,418 · end of year $114,440,405
-
2 · Savings and temporary cash investments
beginning of year $26,692,464 · end of year $16,301,537
-
5 · Loans and receivables from officers and key people
beginning of year $29,409,984 · end of year $30,333,939
-
9 · Prepaid expenses and deferred charges
beginning of year $7,634,614 · end of year $6,862,650
-
10a · Land, buildings and equipment: cost or other basis
$172,551,800
-
10b · Land, buildings and equipment: accumulated depreciation
$78,827,407
-
10c · Land, buildings and equipment, net
beginning of year $87,728,935 · end of year $93,724,393
-
11 · Investments: publicly traded securities
beginning of year $447,379,504 · end of year $452,653,165
-
12 · Investments: other securities
beginning of year $20,998,173 · end of year $119,808,775
-
13 · Investments: program-related
beginning of year $3,208,912,283 · end of year $2,974,451,023
-
14 · Intangible assets
beginning of year $11,287,740 · end of year $11,287,740
-
15 · Other assets
beginning of year $77,898,440 · end of year $96,700,309
-
17 · Accounts payable and accrued expenses
beginning of year $87,641,074 · end of year $69,329,932
-
25 · Other liabilities
beginning of year $3,658,155,628 · end of year $3,529,271,098
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year $282,299,853 · end of year $317,962,906
Mission and programs · 2024
Mission
SEE SCHEDULE OVALLEY STRONG CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, VALLEY STRONG CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
Activities or mission (Part I)
A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.
-
VALLEY STRONG CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION, WITH A MISSION TO TURN PEOPLE'S FINANCIAL POSSIBILITIES INTO FINANCIAL REALITIES. WE WORK EVERY DAY TO CREATE A BETTER TOMORROW FOR OUR CHILDREN AND FAMILIES. WE ARE HERE TO STAY AND GROW TOGETHER, AND HERE TO DISCOVER THE BEST FINANCIAL POSSIBILITIES FOR THE BEST POSSIBLE OUTCOMES. WE ARE ONE OF THE LARGEST CREDIT UNIONS HEADQUARTERED IN THE SAN JOAQUIN VALLEY AND NORTHERN CALIFORNIA WITH AN ASSET SIZE OF NEARLY $4 BILLION.MEMBERSHIP EDUCATION CONFERENCES: WE HAVE EXTENSIVE WORKSHOP/ONLINE SEMINAR PROGRAMS WITH TOPICS WHICH TYPICALLY ARE HELD IN THE VARIOUS MARKETS. TOPICS COVERED ARE AUTO AND HOME BUYING, RETIREMENT AND WEALTH MANAGEMENT, BUSINESS BANKING, CYBER SECURITY AND MEDICARE ASSISTANCE. ADDITIONALLY, WE HOLD FINANCIAL LITERACY CLASSES AT LOCAL SCHOOLS (K-12) AS WELL AS AREA COLLEGES AND COMMUNITY PARTNER LOCATIONS TO HELP INTRODUCE OUR YOUNG COMMUNITY MEMBERS WITH FINANCIAL KNOWLEDGE.
-
ONGOING MARKETING STRATEGIES: WE HAVE FOCUSED OUR MARKETING EFFORTS ON BRANDING IN OUR EXPANSION MARKETS WHICH INCLUDE CHECKING OFFERS, MORTGAGE AND AUTO LOAN OPTIONS, BUSINESS BANKING OPPORTUNITIES, AND RETIREMENT AND WEALTH MANAGEMENT POSSIBILITIES.
-
COMMUNICATIONS/LEGISLATIVE/REGULATORY/COMPLIANCE: WE KEEP MEMBERS UPDATED, PROVIDING ALL RULES AND REGULATIONS GOVERNING THE CREDIT UNION AND COMPLIANCE ASSISTANCE.
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Dr S William BruceDR S WILLIAM BRUCE
BOARD CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 3
-
Dr Bryon SchaeferDR BRYON SCHAEFER
1ST VICE CHAIRMAN
- Total calculated
- $6,142
- From this org
- $6,142
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Valencia JonesVALENCIA JONES
2ND VICE CHAIRMAN
- Total calculated
- $2,208
- From this org
- $2,208
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Marilyn JonesMARILYN JONES
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Dennis ScottDENNIS SCOTT
TREASURER
- Total calculated
- $1,165
- From this org
- $1,165
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Joe DrewJOE DREW
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Joanne MillsJOANNE MILLS
BOARD MEMBER
- Total calculated
- $810
- From this org
- $810
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Mike KileenMIKE KILEEN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Carl Ba Lange IIICARL BA LANGE III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Dr Larry ReiderDR LARRY REIDER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 2
-
Mark MorenoMARK MORENO
BOARD MEMBER
- Total calculated
- $1,626
- From this org
- $1,626
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Troy FringerTROY FRINGER
SUPV CMTE CHAIR
- Total calculated
- $808
- From this org
- $808
- From related orgs
- $0
- Other
- $0
- Hours/week
- 3
-
Ramon HendrixRAMON HENDRIX
SUPV CMTE MEMBER
- Total calculated
- $3,525
- From this org
- $3,525
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Tenielle TensleyTENIELLE TENSLEY
SUPV CMTE MEMBER
- Total calculated
- $1,862
- From this org
- $1,862
- From related orgs
- $0
- Other
- $0
- Hours/week
- 2
-
Nicholas AmbrosiniNICHOLAS AMBROSINI
PRESIDENT/CEO
- Total calculated
- $1,559,847
- From this org
- $1,475,711
- From related orgs
- $0
- Other
- $84,136
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $866,525
- Bonus
- $579,083
- Other
- $30,103
- Deferred
- $20,700
- Nontaxable benefits
- $63,436
- Filer's total
- $1,559,847
-
Lindsay ReyesLINDSAY REYES
SVP/CFO
- Total calculated
- $591,042
- From this org
- $508,591
- From related orgs
- $0
- Other
- $82,451
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $375,233
- Bonus
- $115,290
- Other
- $18,068
- Deferred
- $19,015
- Nontaxable benefits
- $63,436
- Filer's total
- $591,042
-
Michael P Duffy RetiredMICHAEL P DUFFY RETIRED
EVP/CHIEF ADVOCACY OFFICER
- Total calculated
- $4,549,220
- From this org
- $4,465,260
- From related orgs
- $0
- Other
- $83,960
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $4,465,260
- Bonus
- $0
- Other
- $0
- Deferred
- $20,700
- Nontaxable benefits
- $63,260
- Filer's total
- $4,549,220
-
Mirella Elizabeth ReznicMIRELLA ELIZABETH REZNIC
EVP/CHIEF STRATEGY OFFICER
- Total calculated
- $1,011,007
- From this org
- $958,430
- From related orgs
- $0
- Other
- $52,577
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $550,188
- Bonus
- $135,130
- Other
- $273,112
- Deferred
- $20,320
- Nontaxable benefits
- $32,257
- Filer's total
- $1,011,007
-
Steven MatejkaSTEVEN MATEJKA
EVP/CHIEF OPERATING OFFICER
- Total calculated
- $961,325
- From this org
- $908,495
- From related orgs
- $0
- Other
- $52,830
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $640,012
- Bonus
- $250,310
- Other
- $18,173
- Deferred
- $20,573
- Nontaxable benefits
- $32,257
- Filer's total
- $961,325
-
Charles Allen SmithCHARLES ALLEN SMITH
SVP/CHIEF LENDING OFFICER
- Total calculated
- $583,942
- From this org
- $543,802
- From related orgs
- $0
- Other
- $40,140
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $455,357
- Bonus
- $70,140
- Other
- $18,305
- Deferred
- $20,077
- Nontaxable benefits
- $20,063
- Filer's total
- $583,942
-
Erin Rickelle EstelleERIN RICKELLE ESTELLE
SVP/CHIEF MARKETING OFFICER
- Total calculated
- $614,741
- From this org
- $538,738
- From related orgs
- $0
- Other
- $76,003
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $360,541
- Bonus
- $85,130
- Other
- $93,067
- Deferred
- $12,567
- Nontaxable benefits
- $63,436
- Filer's total
- $614,741
-
Lindsey A Balukoff StrangeLINDSEY A BALUKOFF STRANGE
SVP/CHIEF RETAIL OFFICER
- Total calculated
- $537,607
- From this org
- $528,421
- From related orgs
- $0
- Other
- $9,186
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $355,188
- Bonus
- $80,120
- Other
- $93,113
- Deferred
- $9,162
- Nontaxable benefits
- $24
- Filer's total
- $537,607
-
Stephen C Roach RetiredSTEPHEN C ROACH RETIRED
SVP/CHIEF DIGITAL OFFICER
- Total calculated
- $599,952
- From this org
- $525,276
- From related orgs
- $0
- Other
- $74,676
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $525,276
- Bonus
- $0
- Other
- $0
- Deferred
- $20,700
- Nontaxable benefits
- $53,976
- Filer's total
- $599,952
-
Deanna L BlaiseDEANNA L BLAISE
SVP/CHIEF BUSINESS OFFICER
- Total calculated
- $583,629
- From this org
- $508,047
- From related orgs
- $0
- Other
- $75,582
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $324,725
- Bonus
- $85,150
- Other
- $98,172
- Deferred
- $12,146
- Nontaxable benefits
- $63,436
- Filer's total
- $583,629
-
Mark MannsMARK MANNS
SVP/CHIEF HUMAN RESOURCES
- Total calculated
- $495,881
- From this org
- $448,988
- From related orgs
- $0
- Other
- $46,893
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $300,506
- Bonus
- $70,310
- Other
- $78,172
- Deferred
- $14,636
- Nontaxable benefits
- $32,257
- Filer's total
- $495,881
-
Niki Myrto KoimtzoglouNIKI MYRTO KOIMTZOGLOU
SVP/CHIEF COMPLIANCE OFFICER
- Total calculated
- $430,927
- From this org
- $346,621
- From related orgs
- $0
- Other
- $84,306
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $281,389
- Bonus
- $65,120
- Other
- $112
- Deferred
- $11,177
- Nontaxable benefits
- $73,129
- Filer's total
- $430,927
-
Nilendu SahaNILENDU SAHA
SVP/CHIEF TECH OFFICER
- Total calculated
- $276,805
- From this org
- $260,100
- From related orgs
- $0
- Other
- $16,705
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $224,903
- Bonus
- $100
- Other
- $35,097
- Deferred
- $11,106
- Nontaxable benefits
- $5,599
- Filer's total
- $276,805
-
Kevin Lee Emperger-LandelKEVIN LEE EMPERGER-LANDEL
SVP/CHIEF TECH OFFICER
- Total calculated
- $224,603
- From this org
- $188,723
- From related orgs
- $0
- Other
- $35,880
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $127,314
- Bonus
- $55,000
- Other
- $6,409
- Deferred
- $10,944
- Nontaxable benefits
- $24,936
- Filer's total
- $224,603
-
Nora M Stroh RetiredNORA M STROH RETIRED
LEGACY AMBASSADOR
- Total calculated
- $1,664,619
- From this org
- $1,601,812
- From related orgs
- $0
- Other
- $62,807
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $1,601,812
- Bonus
- $0
- Other
- $0
- Deferred
- $20,700
- Nontaxable benefits
- $42,107
- Filer's total
- $1,664,619
-
Steven G Leiga RetiredSTEVEN G LEIGA RETIRED
VP OF ACCOUNTING
- Total calculated
- $1,649,275
- From this org
- $1,565,315
- From related orgs
- $0
- Other
- $83,960
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $1,565,315
- Bonus
- $0
- Other
- $0
- Deferred
- $20,700
- Nontaxable benefits
- $63,260
- Filer's total
- $1,649,275
-
James B HusseyJAMES B HUSSEY
VP OF WEALTH MANAGEMENT
- Total calculated
- $521,022
- From this org
- $437,969
- From related orgs
- $0
- Other
- $83,053
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $207,672
- Bonus
- $230,228
- Other
- $69
- Deferred
- $19,617
- Nontaxable benefits
- $63,436
- Filer's total
- $521,022
-
Brian Grant ReynoldsBRIAN GRANT REYNOLDS
VP OF REAL ESTATE LENDING
- Total calculated
- $425,588
- From this org
- $406,965
- From related orgs
- $0
- Other
- $18,623
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $374,663
- Bonus
- $14,130
- Other
- $18,172
- Deferred
- $18,112
- Nontaxable benefits
- $511
- Filer's total
- $425,588
-
Kevin Michael LangeKEVIN MICHAEL LANGE
VP OF FINANCE AND CAPITAL MARKETS
- Total calculated
- $413,194
- From this org
- $335,655
- From related orgs
- $0
- Other
- $77,539
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,984
- Bonus
- $25,130
- Other
- $82,541
- Deferred
- $14,103
- Nontaxable benefits
- $63,436
- Filer's total
- $413,194
-
Joshua Allen FettingJOSHUA ALLEN FETTING
VP OF CONSUMER LENDING
- Total calculated
- $367,240
- From this org
- $312,280
- From related orgs
- $0
- Other
- $54,960
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $277,093
- Bonus
- $17,120
- Other
- $18,067
- Deferred
- $16,637
- Nontaxable benefits
- $38,323
- Filer's total
- $367,240
-
Christopher C TriversCHRISTOPHER C TRIVERS
VP SALESFORCE ENTERPRISE
- Total calculated
- $366,253
- From this org
- $285,710
- From related orgs
- $0
- Other
- $80,543
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $260,278
- Bonus
- $25,110
- Other
- $322
- Deferred
- $17,107
- Nontaxable benefits
- $63,436
- Filer's total
- $366,253
-
Richard Neal SazamaRICHARD NEAL SAZAMA
VP OF FACILITIES AND CAPITAL PROJECTS
- Total calculated
- $285,054
- From this org
- $275,274
- From related orgs
- $0
- Other
- $9,780
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $222,355
- Bonus
- $34,844
- Other
- $18,075
- Deferred
- $9,780
- Nontaxable benefits
- $0
- Filer's total
- $285,054
-
Shira B SpectorSHIRA B SPECTOR
VP OF BUSINESS STRATEGY & INSIGHT
- Total calculated
- $287,665
- From this org
- $271,480
- From related orgs
- $0
- Other
- $16,185
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $241,188
- Bonus
- $30,120
- Other
- $172
- Deferred
- $16,185
- Nontaxable benefits
- $0
- Filer's total
- $287,665
-
Chei WhitmoreCHEI WHITMORE
MARKET PRESIDENT
- Total calculated
- $340,078
- From this org
- $264,626
- From related orgs
- $0
- Other
- $75,452
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $240,063
- Bonus
- $12,390
- Other
- $12,173
- Deferred
- $12,016
- Nontaxable benefits
- $63,436
- Filer's total
- $340,078
-
Kathleen Julia KellyKATHLEEN JULIA KELLY
MARKET PRESIDENT
- Total calculated
- $310,739
- From this org
- $259,391
- From related orgs
- $0
- Other
- $51,348
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $216,956
- Bonus
- $30,130
- Other
- $12,305
- Deferred
- $13,025
- Nontaxable benefits
- $38,323
- Filer's total
- $310,739
-
Bridget Lynn JohnsonBRIDGET LYNN JOHNSON
MARKET PRESIDENT
- Total calculated
- $299,374
- From this org
- $236,221
- From related orgs
- $0
- Other
- $63,153
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $211,962
- Bonus
- $12,190
- Other
- $12,069
- Deferred
- $12,733
- Nontaxable benefits
- $50,420
- Filer's total
- $299,374
-
Kyle DueyKYLE DUEY
DIRECTOR OF CONSUMER LENDING SALES AND SERVIC
- Total calculated
- $246,718
- From this org
- $234,887
- From related orgs
- $0
- Other
- $11,831
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $229,768
- Bonus
- $5,000
- Other
- $119
- Deferred
- $3,111
- Nontaxable benefits
- $8,720
- Filer's total
- $246,718
-
Stacy PhelpsSTACY PHELPS
VP OF ACCOUNTING
- Total calculated
- $239,411
- From this org
- $225,500
- From related orgs
- $0
- Other
- $13,911
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $200,241
- Bonus
- $25,190
- Other
- $69
- Deferred
- $13,512
- Nontaxable benefits
- $399
- Filer's total
- $239,411
-
Vanessa L HudsonVANESSA L HUDSON
DIRECTOR OF BUSINESS LENDI
- Total calculated
- $288,831
- From this org
- $216,537
- From related orgs
- $0
- Other
- $72,294
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $186,318
- Bonus
- $30,150
- Other
- $69
- Deferred
- $8,858
- Nontaxable benefits
- $63,436
- Filer's total
- $288,831
-
Christina Ann TrayersCHRISTINA ANN TRAYERS
VP OF PRODUCT AND DIGITAL SOLUTIONS
- Total calculated
- $203,610
- From this org
- $194,085
- From related orgs
- $0
- Other
- $9,525
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $193,946
- Bonus
- $100
- Other
- $39
- Deferred
- $9,525
- Nontaxable benefits
- $0
- Filer's total
- $203,610
-
Christopher J McGownCHRISTOPHER J MCGOWN
DIRECTOR OF FACILITIES
- Total calculated
- $218,603
- From this org
- $187,305
- From related orgs
- $0
- Other
- $31,298
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $163,063
- Bonus
- $6,200
- Other
- $18,042
- Deferred
- $9,762
- Nontaxable benefits
- $21,536
- Filer's total
- $218,603
-
Nishant JainNISHANT JAIN
VP OF ENGINEERING
- Total calculated
- $227,379
- From this org
- $183,000
- From related orgs
- $0
- Other
- $44,379
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,924
- Bonus
- $20,000
- Other
- $76
- Deferred
- $6,520
- Nontaxable benefits
- $37,859
- Filer's total
- $227,379
-
Maricruz RaineyMARICRUZ RAINEY
DIRECTOR OF COMPLIANCE
- Total calculated
- $213,077
- From this org
- $181,681
- From related orgs
- $0
- Other
- $31,396
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $169,362
- Bonus
- $12,120
- Other
- $199
- Deferred
- $10,163
- Nontaxable benefits
- $21,233
- Filer's total
- $213,077
-
Susan MaysSUSAN MAYS
HEAD OF RETAIL OPERATIONS
- Total calculated
- $207,623
- From this org
- $180,521
- From related orgs
- $0
- Other
- $27,102
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $164,716
- Bonus
- $15,310
- Other
- $495
- Deferred
- $9,917
- Nontaxable benefits
- $17,185
- Filer's total
- $207,623
-
Frank Xiaodong FengFRANK XIAODONG FENG
LICENSED FINANCIAL ADVISOR
- Total calculated
- $1,014,698
- From this org
- $1,005,110
- From related orgs
- $0
- Other
- $9,588
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $44,120
- Bonus
- $960,791
- Other
- $199
- Deferred
- $9,189
- Nontaxable benefits
- $399
- Filer's total
- $1,014,698
-
Edward Keelin JrEDWARD KEELIN JR
IT GOVERNANCE MANAGER
- Total calculated
- $306,611
- From this org
- $300,279
- From related orgs
- $0
- Other
- $6,332
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $296,738
- Bonus
- $2,000
- Other
- $1,541
- Deferred
- $0
- Nontaxable benefits
- $6,332
- Filer's total
- $306,611
-
Richard RamosRICHARD RAMOS
LICENSED FINANCIAL ADVISOR
- Total calculated
- $276,727
- From this org
- $267,423
- From related orgs
- $0
- Other
- $9,304
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $44,213
- Bonus
- $223,104
- Other
- $106
- Deferred
- $9,304
- Nontaxable benefits
- $0
- Filer's total
- $276,727
-
Eric SteinbackERIC STEINBACK
SENIOR BUSINESS BANKING OF
- Total calculated
- $252,811
- From this org
- $230,086
- From related orgs
- $0
- Other
- $22,725
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $110,570
- Bonus
- $60,130
- Other
- $59,386
- Deferred
- $9,629
- Nontaxable benefits
- $13,096
- Filer's total
- $252,811
-
Maria L TrancosoMARIA L TRANCOSO
SENIOR BUSINESS BANKING OFFICER
- Total calculated
- $236,926
- From this org
- $226,270
- From related orgs
- $0
- Other
- $10,656
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $171,582
- Bonus
- $45,619
- Other
- $9,069
- Deferred
- $10,257
- Nontaxable benefits
- $399
- Filer's total
- $236,926
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
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
The filer's explanations (Part III)
- PART I, LINES 4A-B
- THE CREDIT UNION HAS ENTERED INTO SPLIT DOLLAR INSURANCE AGREEMENTS WHICH IS A COLLATERAL ASSIGNMENT ARRANGEMENT BETWEEN THE CREDIT UNION AND KEY EMPLOYEES. THE AGREEMENT INVOLVES A METHOD OF PAYING FOR INSURANCE COVERAGE FOR THE EXECUTIVES BY SPLITTING THE ELEMENTS OF A LIFE INSURANCE POLICY. UNDER THE AGREEMENT, THE EXECUTIVES ARE THE OWNER OF THE POLICIES AND MAKE A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN EQUAL TO THE AMOUNT OF PREMIUMS TO BE PAID ON BEHALF OF THE EXECUTIVES PLUS ACCRUED INTEREST AT A SPECIFIC RATE. AT THE TIME OF DEATH, THE CREDIT UNION WILL BE PAID THE LOAN AMOUNT PLUS ACCRUED INTEREST AND THE BALANCE OF THE INSURANCE BENEFITS WILL BE PAID TO THE EXECUTIVES DESIGNATED BENEFICIARIES. THE LOAN BALANCE, WHICH IS BASED ON THE CASH SURRENDER VALUE OF THE LOAN NOTE AND THE VALUE OF THE DEPOSIT ACCOUNTS, UNDER THIS AGREEMENT APPROXIMATED $30,439,000 AND $30,044,000 AS OF DECEMBER 31, 2024 AND 2023, RESPECTIVELY. THE CREDIT UNION MAINTAINS NON-QUALIFIED PENSION PLANS FOR A SELECT GROUP OF MANAGEMENT. PARTICIPANTS ARE ELIGIBLE BASED ON APPROVAL BY THE CREDIT UNION'S BOARD OF DIRECTORS. UNDER THIS PLAN, PARTICIPANTS DEFER A PORTION OF THEIR COMPENSATION. THE DEFERRED COMPENSATION ACCOUNTS ARE SHOWN AS BOTH ASSETS AND LIABILITIES ON THE CREDIT UNION'S FINANCIAL STATEMENTS AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF THE CREDIT UNION'S LIQUIDATION. THE BALANCE OF THE PLAN APPROXIMATED $2,293,514 AND $2,155,492 AS OF DECEMBER 31, 2024 AND 2023, RESPECTIVELY. DURING 2024, THE FOLLOWING EMPLOYEES RECEIVED A SEVERANCE PAYMENT: MICHAEL DUFFY STEPHEN ROACH NORA STROH STEVEN LEIGA KYLE DUEY EDWARD KEELIN
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
-
BAKERSFIELD COLLEGE FOUNDATION INC
$500,000
TO ASSIST IN EXPANDING OPPORTUNITIES FOR STUDENTS BY FUNDING SCHOLARSHIPS & ENHANCING COLLEGE FACILITIES.
-
$310,500
TO ASSIST CSU BAKERSFIELD IN PROVIDING SCHOLARSHIPS & IMPROVING CAMPUS FACILITIES.
-
CHILDREN'S MIRACLE NETWORK HOSPITALS
$117,500
TO ASSIST IN PROVIDING FUNDS AND AWARENESS FOR CHILDREN'S HOSPITALS.
-
CUSPINCDBA CU STRATEGIC PLANNING
$105,000
TO PROVIDE FINANCIAL EDUCATION RESOURCES FOR CREDIT UNIONS.
-
TO ASSIST IN PROVIDING NETWORKING AND PROMOTIONAL OPPORTUNITIES OF MEMBER BUSINESSES.
-
KERN HIGH SCHOOL DISTRICT
$40,000
TO SUPPORT THE EDUCATIONAL AND OTHER PROGRAMS OF THE KERN HIGH SCHOOL DISTRICT.
-
TO SUPPORT LOCAL DISTRICTS WILL FOSTER THE NEEDED RESOURCES FOR ALL OF OUR STUDENTS FROM CRADLE TO CAREER.
-
TO PROVIDE RESOURCES FOR WOMEN AT A CROSSROADS.
-
TO SUPPORT CANCER CARE AND ASSISTANCE FOR CHILDREN SUFFERING FROM ANY LIFE THREATENING ILLNESS.
-
TO SUPPORT THE INDEPENDENCE, HEALTH, AND WELL-BEING OF SENIORS BY REGULARLY PROVIDING NUTRITIOUS MEALS AND HUMAN CONNECTION.
The 10 largest by cash amount. The API serves every itemized grant.
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
VALLEY STRONG VENTURES LLC FKA KERN SCHOOLS FINANCIAL SERVICES LLC
INSURANCE · CA · income $1,142,642 · assets $18,128,916
Directly controlled by VALLEY STRONG CREDIT UNION
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513019349302196
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.