Civic Intelligence

Valley Credit Union

990 • Fiscal year 2011 • EIN 63-0421601

Jan 01, 2011 to Dec 31, 2011 • Filed on Mar 21, 2012

Organization ProfileWWW.VALLEYCREDITUNION.NET

View Organization Page

PO Box 38835674
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.84x

Higher debt load relative to assets than 14% of similar nonprofits.

2011 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

33rd percentile

2.8%

Faster asset growth than 33% of similar nonprofits.

2011 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$60,478,506

Up $1,669,286 (+2.8%) from 2010

Net Assets

Up

$9,668,472

Up $534,286 (+5.8%) from 2010

Liabilities

Up

$50,810,034

Up $1,135,000 (+2.3%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$2,521,198

Down $2,155 (-0.1%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $58,809,220Liabilities 2010: $49,675,034Net Assets 2010: $9,134,1862010Assets 2011: $60,478,506Liabilities 2011: $50,810,034Net Assets 2011: $9,668,4722011Assets 2012: $62,845,931Liabilities 2012: $52,443,469Net Assets 2012: $10,402,4622012Assets 2013: $63,233,261Liabilities 2013: $52,517,706Net Assets 2013: $10,715,5552013Assets 2014: $65,155,338Liabilities 2014: $54,059,596Net Assets 2014: $11,095,7422014Assets 2015: $68,868,816Liabilities 2015: $57,437,162Net Assets 2015: $11,431,6542015Assets 2016: $70,756,163Liabilities 2016: $59,176,441Net Assets 2016: $11,579,7222016Assets 2017: $69,690,154Liabilities 2017: $57,782,138Net Assets 2017: $11,908,0162017Assets 2018: $71,773,776Liabilities 2018: $59,679,548Net Assets 2018: $12,094,2282018Assets 2019: $76,954,948Liabilities 2019: $63,948,671Net Assets 2019: $13,006,2772019Assets 2020: $85,610,701Liabilities 2020: $72,055,865Net Assets 2020: $13,554,8362020Assets 2021: $94,382,507Liabilities 2021: $80,878,303Net Assets 2021: $13,504,2042021Assets 2022: $96,274,453Liabilities 2022: $85,097,250Net Assets 2022: $11,177,2032022Assets 2023: $102,030,791Liabilities 2023: $89,955,000Net Assets 2023: $12,075,7912023Assets 2024: $103,235,318Liabilities 2024: $90,802,313Net Assets 2024: $12,433,0052024

Highlighted filing

2011

Assets$60,478,506
Liabilities$50,810,034
Net Assets$9,668,472
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $2,523,3532010Expenses 2011: $2,521,1982011Expenses 2012: $2,411,7272012Revenue 2013: $2,927,980Expenses 2013: $2,427,929Net Income 2013: $500,0512013Revenue 2014: $2,950,282Expenses 2014: $2,579,732Net Income 2014: $370,5502014Revenue 2015: $2,909,819Expenses 2015: $2,583,177Net Income 2015: $326,6422015Revenue 2016: $2,908,834Expenses 2016: $2,749,867Net Income 2016: $158,9672016Revenue 2017: $3,080,767Expenses 2017: $2,730,277Net Income 2017: $350,4902017Revenue 2018: $3,165,194Expenses 2018: $2,850,364Net Income 2018: $314,8302018Revenue 2019: $3,217,191Expenses 2019: $2,934,793Net Income 2019: $282,3982019Revenue 2020: $3,029,403Expenses 2020: $2,838,207Net Income 2020: $191,1962020Revenue 2021: $3,024,216Expenses 2021: $2,614,213Net Income 2021: $410,0032021Revenue 2022: $3,328,227Expenses 2022: $2,821,472Net Income 2022: $506,7552022Revenue 2023: $4,170,298Expenses 2023: $3,878,663Net Income 2023: $291,6352023Revenue 2024: $4,861,176Expenses 2024: $4,421,347Net Income 2024: $439,8292024

Highlighted filing

2011

Revenue-
Expenses$2,521,198
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
Mar 21, 2012
Return Version
2011v1.2
Gross Receipts
$3,061,899
Mission and Program Overview

Mission

Credit union - to provide services to approximately 6,032 members in the form of loans, savings, and other financial services.

Filing and Contact Details

Filer

EIN
63-0421601
Raw XML Appendix395 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/GeneralExplanation/Explanation0VALLEY CREDIT UNION IS A NON-PROFIT FINANCIAL INSTITUTION THAT IS OWNED AND OPERATED ENTIRELY BY ITS MEMBERS. TO BECOME A MEMBER OF THE CREDIT UNION, AN INDIVIDUAL MUST RESIDE WITHIN COLBERT, FRANKLIN, LAWRENCE OR LAUDERDALE COUNTIES IN ALABAMA.
IRS990ScheduleO/GeneralExplanation/Explanation1THE MEMBERS OF VALLEY CREDIT UNION ELECT ITS BOARD OF DIRECTORS AT THEIR ANNUAL MEETINGS. THE MEMBERS OF THE CREDIT UNION ARE INFORMED OF THE BOARD POSITIONS WHICH ARE UP FOR ELECTION BY THE NOMINATING COMMITTEE. THE MEMBERS THEN PROCEED TO VOTE TO FILL THE OPEN BOARD POSITIONS. IN ORDER FOR A BOARD MEMBER TO BE ELECTED, A QUORUM MUST BE PRESENT AT THE MEETING.
IRS990ScheduleO/GeneralExplanation/Explanation2VALLEY CREDIT UNION DOES NOT HAVE COMMITTEES WITH THE RESPONSIBILITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/GeneralExplanation/Explanation3UPON COMPLETION OF VALLEY CREDIT UNION'S FORM 990, THE RETURN IS PRESENTED TO THE BOARD AT A BOARD OF DIRECTORS MEETING. AT THE MEETING, THE BOARD MEMBERS REVIEW THE TAX RETURN AND ARE FREE TO ASK ANY QUESTIONS OR ENGAGE IN DISCUSSION REGARDING ANY TOPIC COVERED IN THE RETURN. ONCE THE GOVERNING BODY HAS REVIEWED AND APPROVED THE FORM 990, THE RETURN IS FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/GeneralExplanation/Explanation4THE BOARD OF DIRECTORS ARE RESPONSIBLE FOR ADHERING TO THE CONFLICT OF INTEREST POLICY. THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY BY THE BOARD OF DIRECTORS AT ONE OF THEIR MEETINGS. IT IS AT THIS TIME THE BOARD REVIEWS THE POLICY AND MAKES ANY CHANGES AS THEY SEE FIT. BOARD MEMBERS ARE ALSO RESPONSIBLE FOR COMMUNICATING ANY POTENTIAL CONFLICTS OF INTEREST AS SOON AS THEY OCCUR.
IRS990ScheduleO/GeneralExplanation/Explanation5COMPENSATION FOR THE OFFICER AND ALL EMPLOYEES IS DETERMINED ON A YEARLY BASIS. SALARIES ARE BASED ON POSITION AND DETERMINED BY FOLLOWING THE GUIDELINES OF EITHER THE CUNA SALARY SURVEY OR THE SOUTHEASTERN CREDIT UNION SALARY SURVEY. THE CEO ABSTAINS FROM VOTING ON HIS SALARY WHICH IS DETERMINED SOLELY BY THE BOARD.
IRS990ScheduleO/GeneralExplanation/Explanation6VALLEY CREDIT UNION MAKES AVAILABLE ITS FINANCIAL STATEMENTS VIA THE NCUA WEBSITE WHICH CAN BE FOUND AT WWW.NCUA.GOV. OTHER DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation7NET UNREALIZED LOSSES ON INVESTMENTS: -6,415.
IRS990ScheduleO/GeneralExplanation/Explanation8ON A YEARLY BASIS THE ALABAMA CREDIT UNION ADMINISTRATION EXAMINES THE FINANCIAL STATEMENTS OF THE CREDIT UNION. OTHER PROCEDURES ARE PERFORMED BY AN INDEPENDENT ACCOUNTING FIRM IN REGARD TO THE SUPERVISORY REPORT AND OTHER FINANCIAL ISSUES.
IRS990ScheduleO/GeneralExplanation/Identifier0CHANGES IN NET ASSETS OR FUND BALANCES:
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IRS990/TotalOtherCompensation031548
IRS990/TotalOtherRevenue0674938
IRS990/TotalProfFundrsngExpCY00
IRS990/TotalProfFundrsngExpPriorYear00
IRS990/TotalProgramServiceRevenue02276328
IRS990/TotalReportableCompFrmRltdOrgs00
IRS990/TotalReportableCompFromOrg0177957
IRS990/TotalRevenueCurrentYear03061899
IRS990/TotalRevenue/ExclusionAmount0110633
IRS990/TotalRevenuePriorYear03000646
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome02920770
IRS990/TotalRevenue/TotalRevenueColumn03061899
IRS990/TotalRevenue/UnrelatedBusinessRevenue030496
IRS990/TransactionRelatedEntity00
IRS990/Travel/Total032232
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome01
IRS990/UponRequest0X
IRS990/WebSite0HTTP://WWW.VALLEYCREDITUNION.NET/
IRS990/WhistleblowerPolicy01
IRS990/YearFormation01956
ReturnHeader/BuildTS02016-02-24 21:20:13Z
ReturnHeader/Filer/EIN0630421601
ReturnHeader/Filer/Name/BusinessNameLine10VALLEY CREDIT UNION
ReturnHeader/Filer/NameControl0VALL
ReturnHeader/Filer/Phone02563814800
ReturnHeader/Filer/USAddress/AddressLine10PO BOX 388
ReturnHeader/Filer/USAddress/City0TUSCUMBIA
ReturnHeader/Filer/USAddress/State0AL
ReturnHeader/Filer/USAddress/ZIPCode035674
ReturnHeader/Officer/AuthorizeThirdParty01
ReturnHeader/Officer/DateSigned02012-03-21
ReturnHeader/Officer/Name0HILLARD SPARKS
ReturnHeader/Officer/Phone02563814800
ReturnHeader/Officer/Title0CEO
ReturnHeader/PreparerFirm/EIN0631077072
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine10BARFIELD MURPHY SHANK & SMITH PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine101121 RIVERCHASE OFFICE RD
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City0BIRMINGHAM
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State0AL
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode035244
ReturnHeader/Preparer/Name0JACK KNIGHT CPA
ReturnHeader/Preparer/Phone02059825500
ReturnHeader/ReturnType0990
ReturnHeader/TaxPeriodBeginDate02011-01-01
ReturnHeader/TaxPeriodEndDate02011-12-31
ReturnHeader/TaxYear02011
ReturnHeader/Timestamp02012-04-23T11:47:35-05:00

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$60,478,506
Liabilities
$50,810,034
Net assets
$9,668,472
Revenue
-
Expenses
$2,521,198
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$103$90.8$12.4$4.86$4.42$0.44
2023Detailed filing. Detailed filing data is available for this year.$102$90.0$12.1$4.17$3.88$0.29
2022Detailed filing. Detailed filing data is available for this year.$96.3$85.1$11.2$3.33$2.82$0.51
2021Detailed filing. Detailed filing data is available for this year.$94.4$80.9$13.5$3.02$2.61$0.41
2020Detailed filing. Detailed filing data is available for this year.$85.6$72.1$13.6$3.03$2.84$0.19
2019Detailed filing. Detailed filing data is available for this year.$77.0$63.9$13.0$3.22$2.93$0.28
2018Detailed filing. Detailed filing data is available for this year.$71.8$59.7$12.1$3.17$2.85$0.31
2017Detailed filing. Detailed filing data is available for this year.$69.7$57.8$11.9$3.08$2.73$0.35
2016Detailed filing. Detailed filing data is available for this year.$70.8$59.2$11.6$2.91$2.75$0.16
2015Detailed filing. Detailed filing data is available for this year.$68.9$57.4$11.4$2.91$2.58$0.33
2014Detailed filing. Detailed filing data is available for this year.$65.2$54.1$11.1$2.95$2.58$0.37
2013Detailed filing. Detailed filing data is available for this year.$63.2$52.5$10.7$2.93$2.43$0.50
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.8$52.4$10.4$2.41
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.5$50.8$9.67$2.52
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.8$49.7$9.13$2.52