Civic Intelligence

Valley Credit Union

990 • Fiscal year 2016 • EIN 63-0421601

Jan 01, 2016 to Dec 31, 2016 • Filed on Mar 17, 2017

Organization ProfileWWW.VALLEYCREDITUNION.NET

View Organization Page

P O Box 388Tuscumbia, AL 35674

(256) 381-4800

Siviq Scores

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

Liabilities / Assets

16th percentile

0.84x

Higher debt load relative to assets than 16% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Liabilities / Revenue

61st percentile

20.34x

Higher debt load relative to revenue than 61% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Net Margin

36th percentile

5.5%

Higher net margin than 36% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Top Officer Pay

84th percentile

$194,790

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2016

Asset Growth

38th percentile

2.7%

Faster asset growth than 38% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Revenue Growth

20th percentile

-0.0%

Faster revenue growth than 20% of similar nonprofits.

2016 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets16th percentile

Assets

Up

$70,756,163

Up $1,887,347 (+2.7%) from 2015

Net Assets

Up

$11,579,722

Up $148,068 (+1.3%) from 2015

Liabilities

Up

$59,176,441

Up $1,739,279 (+3.0%) from 2015

Revenue And Expenses
Liabilities / Revenue61st percentileNet Margin36th percentile

Revenue

Down

$2,908,834

Down $985 (-0.0%) from 2015

Expenses

Up

$2,749,867

Up $166,690 (+6.5%) from 2015

Net Income

Down

$158,967

Down $167,675 (-51%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth38th 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

2016

Assets$70,756,163
Liabilities$59,176,441
Net Assets$11,579,722
Open 2016 Filing

Operations Trend

Revenue Growth20th percentile

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

2016

Revenue$2,908,834
Expenses$2,749,867
Net Income$158,967
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Mar 17, 2017
Return Version
2016v3.0
Gross Receipts
$2,908,834
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.

Credit union - to provide financial services for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$28,625,104$28,339,993▼ $285,111
Investments Other Securities$20,686,347$19,490,649▼ $1,195,698
Savings and Temporary Cash Investments$6,637,606$12,153,281▲ $5,515,675
Cap Stk Tr Prin Current Funds$7,126,894$7,417,749▲ $290,855
Cash and Non-Interest-Bearing Accounts$8,487,863$6,623,901▼ $1,863,962
Rtn Earn Endowment Incm Other Fnds$4,304,760$4,161,973▼ $142,787
Land, Buildings, and Equipment, Net$2,352,203$2,246,671▼ $105,532
Prepaid Expenses and Deferred Charges$206,585$245,492▲ $38,907
Total Assets$68,868,816$70,756,163▲ $1,887,347
Other Assets Total$1,873,108$1,656,176▼ $216,932
Liabilities
Other Liabilities$57,271,907$59,015,867▲ $1,743,960
Accounts Payable and Accrued Expenses$165,255$160,574▼ $4,681
Total Liabilities$57,437,162$59,176,441▲ $1,739,279
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,431,654$11,579,722▲ $148,068
Total Liabilities and Net Assets / Fund Balance$68,868,816$70,756,163▲ $1,887,347

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,302,895$590,705$1,893,600
Equipment$206,088$1,348,324$1,554,412
Land$737,688-$737,688
Other Securities$161,000--
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hillard SparksSec/treas/ceFT$167,496$27,294$194,790
Hillard SparksSec/treas/CEO-$161,382$33,408$194,790

Board Members and Trustees

NameTitle
Royce MasseyPresident
Dr John LandersBoard Member
Dr Richard GardnerBoard Member
Dr Robert ClemmonsBoard Member
Otis JohnsonBoard Member
Robert MullenBoard Member
Sandra H JamesBoard Member
Dr Humphrey LeeSupervisory
Marvin DailySupervisory
Larry DanleySupv Comm Ch
Doug WorleyVice-preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,425,805
Investment Income
$460,067
Other Revenue
$22,962
Change in Net Assets
$158,967
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,622,680
Salaries, Compensation, and Employee Benefits$1,127,187
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$939,457-$939,457
Office Expenses-$287,297-$287,297
Interest-$246,232-$246,232
Occupancy-$182,888-$182,888
Other Expenses-$72,600-$72,600
Pension Plan Contributions-$72,437-$72,437
All Other Expenses-$72,032-$72,032
Payroll Taxes-$67,266-$67,266
Other Employee Benefits-$48,027-$48,027
Conferences and Meetings-$44,548-$44,548
Total Functional Expenses$0$2,749,867$0$2,749,867
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
All Other Shares$27,923,222
Regular Shares$20,455,710
Share Drafts$10,636,935
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“The credit union is owned by the members.”

Form 990, Page 6, Part VI, Line 7A

“The board of directros is elected by the membership (one member, one vote). All duties, powers, and responsibilities are controlled by the board of directors. The members elect the board of directors at the annual meeting every year.”

Form 990, Page 6, Part VI, Line 7B

“Some decisions made by the board of directors are affirmed by the members.”

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed by the ceo before it is filed. The form 990 is available for review by the board of directors upon request.”

Form 990, Page 6, Part VI, Line 12C

“The board of directors monitor and enforce the conflict of interest policy.”

Form 990, Page 6, Part VI, Line 15A

“Compensation committee, written contract, compensation survey or study approved by the board or compensation committee.”

Form 990, Page 6, Part VI, Line 19

“Financial documents are posted in the credit union lobby by the 15th of the subsequent month.”

Filing and Contact Details

Filer

Filer Name
Valley Credit Union
EIN
63-0421601
Phone
2563814800
Address
P O BOX 388, TUSCUMBIA, AL 35674

Signing Officer

Name
Hillard Sparks
Title
Sec/treas/CEO
Phone
2563814800
Signed
2017-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hillard Sparks
Formed
1956
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
9
Employees
36
Volunteers
12

Preparer

Firm
Leverage the Lscu Service Corporation
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Hiram H Hollifield
Phone
8505581102
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

“Hours of service are related to duties of the board of directors and supervisory committee without compensation.”

Form 990, Page 5, Part V, Line 3B

“The credit union does not have any unrealted business income.”

Form 990, Part XI, Line 9

“DUE TO ROUNDING 1”

Raw XML AppendixShowing 400 of 420 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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IRS990/OtherEmployeeBenefitsGrp/TotalAmt048027
IRS990/OtherExpensesGrp/Desc0PROF & OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING EXP
IRS990/OtherExpensesGrp/Desc3EDUCATIONAL & PROMO
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0393583
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1219908
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2103592
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt372600
IRS990/OtherExpensesGrp/TotalAmt0393583
IRS990/OtherExpensesGrp/TotalAmt1219908
IRS990/OtherExpensesGrp/TotalAmt2103592
IRS990/OtherExpensesGrp/TotalAmt372600
IRS990/OtherLiabilitiesGrp/BOYAmt057271907
IRS990/OtherLiabilitiesGrp/EOYAmt059015867
IRS990/OtherOrganizationDsc0CREDIT UNION
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IRS990/OtherRevenueMiscGrp/BusinessCd1525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/Desc1OTHER NON-OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt022677
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1285
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt022677
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1285
IRS990/OtherRevenueTotalAmt022962
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0939457
IRS990/OtherSalariesAndWagesGrp/TotalAmt0939457
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt067266
IRS990/PayrollTaxesGrp/TotalAmt067266
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt072437
IRS990/PensionPlanContributionsGrp/TotalAmt072437
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0206585
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0245492
IRS990/PrincipalOfficerNm0HILLARD SPARKS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01746005
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1679800
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01746005
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1679800
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt02283727
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0372526
IRS990/PYOtherExpensesAmt01460780
IRS990/PYOtherRevenueAmt041847
IRS990/PYProgramServiceRevenueAmt02495446
IRS990/PYRevenuesLessExpensesAmt0326642
IRS990/PYSalariesCompEmpBnftPaidAmt01122397
IRS990/PYTotalExpensesAmt02583177
IRS990/PYTotalRevenueAmt02909819
IRS990/ReconcilationRevenueExpnssAmt0158967
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt04304760
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt04161973
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06637606
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012153281
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01302895
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0590705
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01893600
IRS990ScheduleD/EquipmentGrp/BookValueAmt0206088
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01348324
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01554412
IRS990ScheduleD/LandGrp/BookValueAmt0737688
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0737688
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt027923222
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt120455710
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210636935
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt019329649
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1161000
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PAID IN CAPITAL-ACCU
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02246671
IRS990ScheduleD/TotalBookValueSecuritiesAmt019490649
IRS990ScheduleD/TotalLiabilityAmt059015867
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0161382
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount06114
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt027294
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0HILLARD SPARKS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0SEC/TREAS/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0194790
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HOURS OF SERVICE ARE RELATED TO DUTIES OF THE BOARD OF DIRECTORS AND SUPERVISORY COMMITTEE WITHOUT COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CREDIT UNION DOES NOT HAVE ANY UNREALTED BUSINESS INCOME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CREDIT UNION IS OWNED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTROS IS ELECTED BY THE MEMBERSHIP (ONE MEMBER, ONE VOTE). ALL DUTIES, POWERS, AND RESPONSIBILITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS. THE MEMBERS ELECT THE BOARD OF DIRECTORS AT THE ANNUAL MEETING EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SOME DECISIONS MADE BY THE BOARD OF DIRECTORS ARE AFFIRMED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FORM 990 IS REVIEWED BY THE CEO BEFORE IT IS FILED. THE FORM 990 IS AVAILABLE FOR REVIEW BY THE BOARD OF DIRECTORS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE BOARD OF DIRECTORS MONITOR AND ENFORCE THE CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7COMPENSATION COMMITTEE, WRITTEN CONTRACT, COMPENSATION SURVEY OR STUDY APPROVED BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8FINANCIAL DOCUMENTS ARE POSTED IN THE CREDIT UNION LOBBY BY THE 15TH OF THE SUBSEQUENT MONTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DUE TO ROUNDING 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 5, PART V, LINE 3B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt068868816
IRS990/TotalAssetsEOYAmt070756163
IRS990/TotalAssetsGrp/BOYAmt068868816
IRS990/TotalAssetsGrp/EOYAmt070756163
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt036
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02749867
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02749867
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt057437162
IRS990/TotalLiabilitiesEOYAmt059176441
IRS990/TotalLiabilitiesGrp/BOYAmt057437162
IRS990/TotalLiabilitiesGrp/EOYAmt059176441
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011431654
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011579722
IRS990/TotalOtherCompensationAmt027294
IRS990/TotalProgramServiceExpensesAmt02529959
IRS990/TotalProgramServiceRevenueAmt02425805
IRS990/TotalReportableCompFromOrgAmt0167496
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02908834
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02908834
IRS990/TotalVolunteersCnt012
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt068868816
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt070756163
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0200 EAST 6TH ST
IRS990/USAddress/CityNm0TUSCUMBIA
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd035674
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.VALLEYCREDITUNION.NET
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0HILLARD SPARKS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SEC/TREAS/CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02563814800
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-03-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0630421601
ReturnHeader/Filer/PhoneNum02563814800

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$70,756,163
Liabilities
$59,176,441
Net assets
$11,579,722
Revenue
$2,908,834
Expenses
$2,749,867
Net income
$158,967
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