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Credit Unions In The State Of California

Valley Oak Credit Union

Organization summary

Type of Nonprofit

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

Donations to this organization are not tax deductible.

Details

According to its Dec. 2023 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
$3.79M (2023)

Expenses
$3.62M (2023)

Total Assets
$78.3M (2023)

Total Liabilities
$72.9M (2023)

Source: Form 990 tax filings from 2011 to 2023

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.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,793,173
Expenses
$3,623,070
Net Income
$170,103
Net Assets
$5,341,689
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,769,816
73.0%
Investment Income $119,918
3.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $80,640
2.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $822,799
21.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $339,409
9.4%
Professional Fundraising Fees $0
Other Salaries and Wages $939,752
25.9%
Assets/Debt
Total Assets $78,284,383
Total Liabilities $72,942,694
Net Assets $5,341,689
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $147,960 $0 $0
Rebecca Schmidt (Cfo) $105,000 $0 $0
Kiersten Vaughn (Vp) $86,449 $0 $0
Randy Jordan (Director) $0 $0 $0
Mike Gunning (Director) $0 $0 $0
Melissa Mertz (Director) $0 $0 $0
Sandra Stryd (Chairperson) $0 $0 $0
Arthur Ogawa (Secretary) $0 $0 $0
Phillip Holbdy (Director) $0 $0 $0
Gunnar Shelton (Director) $0 $0 $0
Jacob Gunning (Sc Member) $0 $0 $0
John P Bauer (Sc Member) $0 $0 $0
Steve Wood (Sc Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,336,376
Expenses
$2,527,554
Net Income
$808,822
Net Assets
$5,284,797
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,203,386
66.0%
Investment Income $133,099
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $54,007
1.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $945,884
28.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $280,055
11.1%
Professional Fundraising Fees $0
Other Salaries and Wages $366,253
14.5%
Assets/Debt
Total Assets $76,265,916
Total Liabilities $70,981,119
Net Assets $5,284,797
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $122,861 $0 $0
Kiersten Vaughn (Vp) $82,194 $0 $0
Rebecca Schmidt (Cfo) $75,000 $0 $0
Randy Jordan (Director) $0 $0 $0
Mike Gunning (Director) $0 $0 $0
Melissa Mertz (Director) $0 $0 $0
Sandra Stryd (Chairperson) $0 $0 $0
Arthur Ogawa (Secretary) $0 $0 $0
Phillip Holbdy (Director) $0 $0 $0
Gunnar Shelton (Director) $0 $0 $0
Jacob Gunning (Sc Member) $0 $0 $0
John P Bauer (Sc Member) $0 $0 $0
Steve Wood (Sc Member) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,690,668
Expenses
$2,215,676
Net Income
$474,992
Net Assets
$74,885,247
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,491,135
92.6%
Investment Income $73,815
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income -$10,201
Net Fundraising $0
Sales of Assets -$4,976
Net Inventory Sales $0
Other Revenue $140,895
5.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $272,218
12.3%
Professional Fundraising Fees $0
Other Salaries and Wages $738,263
33.3%
Assets/Debt
Total Assets $75,188,148
Total Liabilities $302,901
Net Assets $74,885,247
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $118,541 $0 $0
Kiersten Vaughn (Vice President) $80,435 $0 $0
Rebecca Schmidt () $75,000 $0 $0
Michael Gunning (Director) $0 $0 $0
Phillip Holbdy (Director) $0 $0 $0
Randy Jordan (Director) $0 $0 $0
Arthur Ogawa (Secretary) $0 $0 $0
Gunnar Shelton (Vice Chairperson) $0 $0 $0
Sandra Stryd (Chairperson) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,642,912
Expenses
$2,689,052
Net Income
-$46,140
Net Assets
$62,820,138
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,358,480
89.2%
Investment Income $120,144
4.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$413
Net Fundraising $0
Sales of Assets -$5,125
Net Inventory Sales $0
Other Revenue $169,826
6.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $271,415
10.1%
Professional Fundraising Fees $0
Other Salaries and Wages $771,259
28.7%
Assets/Debt
Total Assets $63,196,053
Total Liabilities $375,915
Net Assets $62,820,138
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $118,542 $0 $0
Kiersten Vaughan (Vice President) $77,873 $0 $0
Rebecca Schmidt (Cfo) $75,000 $0 $0
Phillip Deal (Director) $0 $0 $0
Michael Gunning (Director) $0 $0 $0
Phillip Holbdy (Director) $0 $0 $0
Randy Jordan (Director) $0 $0 $0
Aurthur Ogawa (Secretary) $0 $0 $0
Gunnar Shelton (Vice Chariman) $0 $0 $0
Sandra Stryd (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,895,994
Expenses
$2,778,912
Net Income
$117,082
Net Assets
$51,518,103
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,524,694
87.2%
Investment Income $157,364
5.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $2,461
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $211,475
7.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $240,312
8.6%
Professional Fundraising Fees $0
Other Salaries and Wages $889,810
32.0%
Assets/Debt
Total Assets $51,766,088
Total Liabilities $247,985
Net Assets $51,518,103
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $111,403 $0 $0
Kiersten Vaughan (Vice President) $73,909 $0 $0
Rebecca Schmidt (Cfo) $55,000 $0 $0
Randy Jordan (Director) $0 $0 $0
Kathleen Hulsey (Director) $0 $0 $0
Michael Gunning (Director) $0 $0 $0
Arthur Ogawa (Secretary) $0 $0 $0
Gunnar Shelton (Vice Chairman) $0 $0 $0
Philip Deal (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,265,608
Expenses
$3,169,602
Net Income
$96,006
Net Assets
$51,525,490
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,734,297
83.7%
Investment Income $148,941
4.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $60,480
1.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $321,890
9.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $253,701
8.0%
Professional Fundraising Fees $0
Other Salaries and Wages $829,603
26.2%
Assets/Debt
Total Assets $51,241,207
Total Liabilities -$284,283
Net Assets $51,525,490
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $104,859 $0 $0
Paul Schiele (Cfo) $79,045 $0 $0
Kiersten Vaughan (Vice President) $69,797 $0 $0
Randy Jordan (Director) $0 $0 $0
Kathleen Hulsey (Director) $0 $0 $0
Michael Gunning (Director) $0 $0 $0
Arthur Ogawa (Secretary) $0 $0 $0
Gunnar Shelton (Director) $0 $0 $0
Patrick Bauer (Chairman) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,188,490
Expenses
$3,480,184
Net Income
-$291,694
Net Assets
$51,824,197
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,835,416
88.9%
Investment Income $91,493
2.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$1
Net Inventory Sales $0
Other Revenue $261,582
8.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $46,259
1.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,021,237
29.3%
Assets/Debt
Total Assets $52,435,353
Total Liabilities $611,156
Net Assets $51,824,197
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $102,111 $0 $0
Paul Schiele (Cfo) $70,338 $0 $0
Kiersten Vaughan (Vice President) $68,891 $0 $0
Randy Jordan (Director) $0 $0 $0
Kathleen Hulsey (Director) $0 $0 $0
Michael Gunning (Director) $0 $0 $0
Arthur Ogawa (Secretary) $0 $0 $0
Gunnar Shelton (Chairman) $0 $0 $0
Patrick Bauer (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,220,236
Expenses
$3,254,347
Net Income
-$34,111
Net Assets
$50,633,564
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,901,970
90.1%
Investment Income $62,178
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$77
Net Inventory Sales $0
Other Revenue $256,165
8.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $245,023
7.5%
Professional Fundraising Fees $0
Other Salaries and Wages $786,905
24.2%
Assets/Debt
Total Assets $50,790,578
Total Liabilities $157,014
Net Assets $50,633,564
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $100,762 $0 $0
Paul Schiele (Cfo) $72,967 $0 $0
Kiersten Vaughan (Vice President) $71,294 $0 $0
Frederick Chappell (Director) $0 $0 $0
Kathleen Hulsey (Chairman) $0 $0 $0
Michael Gunning (Secretary) $0 $0 $0
Arthur Ogawa (Director) $0 $0 $0
Gunnar Shelton (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,883,057
Expenses
$2,843,236
Net Income
$39,821
Net Assets
$49,520,101
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,610,300
90.5%
Investment Income $78,130
2.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$3,274
Net Inventory Sales $0
Other Revenue $197,901
6.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $241,567
8.5%
Professional Fundraising Fees $0
Other Salaries and Wages $738,551
26.0%
Assets/Debt
Total Assets $49,745,306
Total Liabilities $225,205
Net Assets $49,520,101
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $110,113 $0 $0
Kiersten Vaughan (Vice President) $66,574 $0 $0
Paul Schiele (Cfo) $64,880 $0 $0
Frederick Chappell (Chairman) $0 $0 $0
Michael Gunning (Secretary) $0 $0 $0
Saul Salmon (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,694,651
Expenses
$2,900,270
Net Income
-$205,619
Net Assets
$46,040,228
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,456,102
91.1%
Investment Income $63,418
2.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$820
Net Inventory Sales $0
Other Revenue $175,951
6.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $234,872
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $724,269
25.0%
Assets/Debt
Total Assets $46,331,038
Total Liabilities $290,810
Net Assets $46,040,228
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $101,179 $0 $0
Paul Schiele (Cfo) $68,261 $0 $0
Kiersten Vaughan (Vice President) $65,432 $0 $0
Frederick Chappell (Director) $0 $0 $0
Michael Gunning (Secretary) $0 $0 $0
Saul Salmon (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,019,332
Expenses
$2,765,535
Net Income
$253,797
Net Assets
$44,975,449
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,626,195
87.0%
Investment Income $120,652
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,700
0.4%
Net Fundraising $0
Sales of Assets $102,377
3.4%
Net Inventory Sales $0
Other Revenue $158,408
5.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $232,156
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $709,665
25.7%
Assets/Debt
Total Assets $45,276,148
Total Liabilities $300,699
Net Assets $44,975,449
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Alan Cortum (Ceo) $100,380 $0 $0
Paul Schiele (Cfo) $68,560 $0 $0
Kiersten Vaughan (Vice President) $63,216 $0 $0
Frederick Chappell (Director) $0 $0 $0
Michael Gunning (Secretary) $0 $0 $0
Saul Salmon (Director) $0 $0 $0
David Cross (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,624,716
Expenses
$2,655,171
Net Income
-$30,455
Net Assets
$46,263,251
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,218,780
84.5%
Investment Income $207,582
7.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $60,200
2.3%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $138,154
5.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $203,749
7.7%
Professional Fundraising Fees $0
Other Salaries and Wages $673,225
25.4%
Assets/Debt
Total Assets $46,704,810
Total Liabilities $441,559
Net Assets $46,263,251

Document Links

Fiscal Year Ending Dec.
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,840,518
Expenses
$3,096,191
Net Income
-$255,673
Net Assets
$46,919,951
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,369,036
83.4%
Investment Income $232,562
8.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $87,000
3.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $151,920
5.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $135,057
4.4%
Professional Fundraising Fees $0
Other Salaries and Wages $643,692
20.8%
Assets/Debt
Total Assets $47,142,991
Total Liabilities $223,040
Net Assets $46,919,951

Document Links

Fiscal Year Ending Dec.
2010

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

Fiscal Year Ending Dec.
2009

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

Fiscal Year Ending Dec.
2008

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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