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Valley Financial Credit Union

Dba Valley Credit Union

Organization summary

Type of Nonprofit

Designated as a State-chartered credit unions and mutual reserve funds.

Category: Public, Society Benefit — Multipurpose and Other / Credit Unions (NTEE)

Donations to this organization are not tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$21.1M (2022)

Expenses
$16.9M (2022)

Total Assets
$425M (2022)

Total Liabilities
$377M (2022)

Source: Form 990 tax filings from 2019 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$21,078,059
Expenses
$16,871,815
Net Income
$4,206,244
Net Assets
$48,147,873
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $19,467,006
92.4%
Investment Income $1,199,001
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$200,048
Net Fundraising $0
Sales of Assets $4,940
0.0%
Net Inventory Sales $0
Other Revenue $607,160
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $711,872
4.2%
Professional Fundraising Fees $0
Other Salaries and Wages $5,443,616
32.3%
Assets/Debt
Total Assets $424,964,584
Total Liabilities $376,816,711
Net Assets $48,147,873
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Casey Klein (Chief Executive Officer) $304,047 $0 $38,506
Eric Wilson (Chief Lending Officer) $189,661 $0 $20,850
Scott Kanning (Chief Financial Officer) $141,094 $0 $17,716
Cindy Roesler (Chief Risk Officer) $123,060 $0 $20,283
Kindra Mcmullin (Chief Operations Officer) $112,264 $0 $18,714
Joseph Olivo (Vp Of Member Experience) $107,851 $0 $14,659
Troy Smith (Vp Of It/Network Administrator) $107,002 $0 $15,398
Jacqueline Helman (Mortgage Loan Officer) $101,337 $0 $12,897
Reg Gibbs (Board Chairman) $0 $0 $0
Wes Oja (Vice Chairman) $0 $0 $0
Chuck Sommers (Treasurer) $0 $0 $0
Ann Adair (Secretary) $0 $0 $0
Bea Ann Melichar (Director) $0 $0 $0
Jordan Frickle (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,570,812
Expenses
$14,502,365
Net Income
$4,068,447
Net Assets
$43,941,629
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,541,907
94.5%
Investment Income $562,870
3.0%
Bond Proceeds $0
Royalties $0
Rental Property Income -$84,114
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $550,149
3.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $738,213
5.1%
Professional Fundraising Fees $0
Other Salaries and Wages $4,906,694
33.8%
Assets/Debt
Total Assets $409,425,878
Total Liabilities $365,484,249
Net Assets $43,941,629
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Casey Klein (Chief Executive Officer) $183,738 $0 $46,590
Eric Wilson (Chief Lending Officer) $173,071 $0 $19,148
Darla Card (Chief Executive Officer Retired) $152,018 $0 $9,433
Scott Kanning (Chief Financial Officer) $136,210 $0 $18,005
Cindy Roesler (Chief Risk Officer) $125,026 $0 $19,786
Jessica Haynes (Home Loan Originator) $121,833 $0 $499
Kindra Mcmullin (Chief Operations Officer) $113,277 $0 $19,286
Reg Gibbs (Board Chairman) $0 $0 $0
Wes Oja (Vice Chairman) $0 $0 $0
Bea Ann Melichar (Secretary/Treasurer) $0 $0 $0
Chuck Sommers (Director) $0 $0 $0
Ann Adair (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$18,689,489
Expenses
$14,997,943
Net Income
$3,691,546
Net Assets
$39,873,182
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,465,847
93.5%
Investment Income $870,960
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$142,388
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $495,070
2.6%
Notable Expenses Percent of Total Expenses
Executive Compensation $545,757
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,634,854
30.9%
Assets/Debt
Total Assets $344,625,014
Total Liabilities $304,751,832
Net Assets $39,873,182
Compensation
Key Employees and Officers Compensation Related Other
Darla Card (Chief Executive Officer) $241,954 $0 $32,113
Scott Kanning (Chief Financial Officer) $124,894 $0 $16,580
Cindy Roesler (Chief Risk Officer) $114,996 $0 $23,149
Kindra Mcmullin (Chief Operations Officer) $114,795 $0 $18,470
Casey Klein (Senior Vice President) $94,612 $0 $35,603
Reg Gibbs (Board Chairman) $0 $0 $0
Wes Oja (Vice Chairman) $0 $0 $0
Kendra Moran (Secretary/Treasurer (Resigned)) $0 $0 $0
Bea Ann Melichar (Secretary/Treasurer) $0 $0 $0
Chuck Sommers (Director) $0 $0 $0
Ann Adair (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$19,028,159
Expenses
$14,115,937
Net Income
$4,912,222
Net Assets
$36,181,636
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $17,108,851
89.9%
Investment Income $1,076,579
5.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$70,080
Net Fundraising $0
Sales of Assets $293,249
1.5%
Net Inventory Sales $0
Other Revenue $619,560
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $512,165
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $4,288,109
30.4%
Assets/Debt
Total Assets $297,066,702
Total Liabilities $260,885,066
Net Assets $36,181,636
Compensation
Key Employees and Officers Compensation Related Other
Darla Card (Chief Executive Officer) $219,099 $0 $31,624
Edward Gillig (Chief Financial Officer (Until August 2019)) $133,691 $0 $8,680
Cindy Roesler (Chief Risk Officer) $113,977 $0 $26,851
Kindra Mcmullin (Chief Operations Officer) $105,037 $0 $17,561
Scott Kanning (Chief Financial Officer (As Of August 2019)) $104,779 $0 $14,293
Reg Gibbs (Board Chairman) $0 $0 $0
Wes Oja (Vice Chairman) $0 $0 $0
Kendra Moran (Secretary/Treasurer) $0 $0 $0
Bea Ann Melichar (Director Emeritus) $0 $0 $0
Chuck Sommers (Director) $0 $0 $0
Ann Adair (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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