Civic Intelligence

Valley Credit Union

990 • Fiscal year 2023 • EIN 63-0421601

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 05, 2024

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

33rd percentile

0.88x

Higher debt load relative to assets than 33% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

21.57x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Net Margin

25th percentile

7.0%

Higher net margin than 25% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

43rd percentile

$213,517

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 5.1% of source-year revenue.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2023

Asset Growth

76th percentile

6.0%

Faster asset growth than 76% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

25%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets33rd percentile

Assets

Up

$102,030,791

Up $5,756,338 (+6.0%) from 2022

Net Assets

Up

$12,075,791

Up $898,588 (+8.0%) from 2022

Liabilities

Up

$89,955,000

Up $4,857,750 (+5.7%) from 2022

Revenue And Expenses
Liabilities / Revenue89th percentileNet Margin25th percentile

Revenue

Up

$4,170,298

Up $842,071 (+25%) from 2022

Expenses

Up

$3,878,663

Up $1,057,191 (+37%) from 2022

Net Income

Down

$291,635

Down $215,120 (-42%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth76th 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

2023

Assets$102,030,791
Liabilities$89,955,000
Net Assets$12,075,791
Open 2023 Filing

Operations Trend

Revenue Growth55th 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

2023

Revenue$4,170,298
Expenses$3,878,663
Net Income$291,635
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 5, 2024
Return Version
2023v5.0
Gross Receipts
$4,170,298
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
Investments Other Securities$42,202,902$43,953,547▲ $1,750,645
Accounts Receivable$31,230,526$34,092,303▲ $2,861,777
Savings and Temporary Cash Investments$12,476,082$12,183,694▼ $292,388
Rtn Earn Endowment Incm Other Fnds$11,177,203$12,075,791▲ $898,588
Cash and Non-Interest-Bearing Accounts$7,197,669$8,903,897▲ $1,706,228
Land, Buildings, and Equipment, Net$1,848,954$1,516,967▼ $331,987
Prepaid Expenses and Deferred Charges$139,930$148,773▲ $8,843
Total Assets$96,274,453$102,030,791▲ $5,756,338
Other Assets Total$1,178,390$1,231,610▲ $53,220
Liabilities
Other Liabilities$84,824,150$89,705,588▲ $4,881,438
Accounts Payable and Accrued Expenses$273,100$249,412▼ $23,688
Total Liabilities$85,097,250$89,955,000▲ $4,857,750
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,177,203$12,075,791▲ $898,588
Total Liabilities and Net Assets / Fund Balance$96,274,453$102,030,791▲ $5,756,338

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$587,965$1,272,900$1,860,865
Equipment$191,315$790,590$981,905
Land$737,687-$737,687
Other Securities$185,580--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dawn TruittCEO/sec/treaFT$174,615$38,902$213,517
Dawn TruittCEO/sec/treasurer-$168,077$45,440$213,517

Board Members and Trustees

NameTitle
Doug WorleyBoard Member
Dr John LandersBoard Member
Dr Richard GardnerBoard Member
Otis JohnsonBoard Member
Royce MasseyBoard Member
Sandra H JamesBoard Member
Robert MullenBoard Presi
Anthony RileyBoard Vice P
Brittany CobbSupervisory
Dr Tim MorganSupervisory
Larry DanleySupv Comm Ch
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,726,268
Investment Income
$1,420,410
Other Revenue
$23,620
Change in Net Assets
$291,635
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,566,544
Salaries, Compensation, and Employee Benefits$1,312,119
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$1,115,356-$1,115,356
Interest-$893,575-$893,575
Occupancy-$446,995-$446,995
Office Expenses-$275,253-$275,253
Payroll Taxes-$84,792-$84,792
Pension Plan Contributions-$73,510-$73,510
Other Expenses-$66,447-$66,447
Conferences and Meetings-$40,304-$40,304
Other Employee Benefits-$38,461-$38,461
All Other Expenses-$17,901-$17,901
Total Functional Expenses$0$3,878,663$0$3,878,663
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
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
All Other Shares$46,373,656
Regular Shares$27,448,261
Share Drafts$15,883,671
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
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
Dawn Truitt
Title
CEO/sec/treasurer
Phone
2563814800
Signed
2024-04-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dawn Truitt
Formed
1956
Legal Domicile
Al
Voting Board Members
9
Independent Board Members
8
Employees
39
Volunteers
11

Preparer

Firm
Cu Audit & Compliance Group
Address
3692 COOLIDGE CT, TALLAHASSEE, FL 32311-7890
Preparer
Amanda Onkst
Phone
2054372176
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 had no unrelated business income.”

Form 990, Part XI, Line 9

“Equity acquired in merger 0 other adjustments 0 due to rounding 0 due to rounding 0 adjustment for cecl -40,000 total -40,000”

Form 990, Part XII

“Annual agreed upon procedures are performed by an independent auditor.”

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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/OtherRevenueMiscGrp/BusinessCd0525990
IRS990/OtherRevenueMiscGrp/Desc0OTHER OPERATING INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt023620
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt023620
IRS990/OtherRevenueTotalAmt023620
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt01115356
IRS990/OtherSalariesAndWagesGrp/TotalAmt01115356
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt084792
IRS990/PayrollTaxesGrp/TotalAmt084792
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt073510
IRS990/PensionPlanContributionsGrp/TotalAmt073510
IRS990/PoliciesReferenceChaptersInd0true
IRS990/PoliticalCampaignActyInd0true
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0139930
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0148773
IRS990/PrincipalOfficerNm0DAWN TRUITT
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/Desc0INTEREST ON LOANS
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01929464
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1796804
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01929464
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1796804
IRS990/ProgSrvcAccomActy2Grp/Desc0THE CREDIT UNION PROVIDED A VARIETY OF DEPOSIT SERVICES FOR ITS MEMBERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0893575
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0928261
IRS990/PYOtherExpensesAmt01643928
IRS990/PYOtherRevenueAmt016154
IRS990/PYProgramServiceRevenueAmt02383812
IRS990/PYRevenuesLessExpensesAmt0506755
IRS990/PYSalariesCompEmpBnftPaidAmt01177544
IRS990/PYTotalExpensesAmt02821472
IRS990/PYTotalRevenueAmt03328227
IRS990/ReconcilationRevenueExpnssAmt0291635
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011177203
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012075791
IRS990/SavingsAndTempCashInvstGrp/BOYAmt012476082
IRS990/SavingsAndTempCashInvstGrp/EOYAmt012183694
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleC/Form1120POLFiledInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0587965
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01272900
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01860865
IRS990ScheduleD/EquipmentGrp/BookValueAmt0191315
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0790590
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0981905
IRS990ScheduleD/LandGrp/BookValueAmt0737687
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0737687
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt046373656
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt127448261
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215883671
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0ALL OTHER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1REGULAR SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SHARE DRAFTS
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt043767967
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1185580
IRS990ScheduleD/OtherSecuritiesGrp/Desc0ALL OTHER INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/Desc1PAID IN CAPITAL-ACCU
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01516967
IRS990ScheduleD/TotalBookValueSecuritiesAmt043953547
IRS990ScheduleD/TotalLiabilityAmt089705588
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0168077
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount06538
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt038902
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DAWN TRUITT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/SEC/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0213517
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 HAD NO UNRELATED 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/ExplanationTxt9EQUITY ACQUIRED IN MERGER 0 OTHER ADJUSTMENTS 0 DUE TO ROUNDING 0 DUE TO ROUNDING 0 ADJUSTMENT FOR CECL -40,000 TOTAL -40,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10ANNUAL AGREED UPON PROCEDURES ARE PERFORMED BY AN INDEPENDENT AUDITOR.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART XII
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0AL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt096274453
IRS990/TotalAssetsEOYAmt0102030791
IRS990/TotalAssetsGrp/BOYAmt096274453
IRS990/TotalAssetsGrp/EOYAmt0102030791
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalEmployeeCnt039
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03878663
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03878663
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt085097250
IRS990/TotalLiabilitiesEOYAmt089955000
IRS990/TotalLiabilitiesGrp/BOYAmt085097250
IRS990/TotalLiabilitiesGrp/EOYAmt089955000
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt011177203
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012075791
IRS990/TotalOtherCompensationAmt038902
IRS990/TotalProgramServiceExpensesAmt03878663
IRS990/TotalProgramServiceRevenueAmt02726268
IRS990/TotalReportableCompFromOrgAmt0174615
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04170298
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04170298
IRS990/TotalVolunteersCnt011
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt096274453
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0102030791
IRS990/TypeOfOrganizationOtherInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0P O BOX 388
IRS990/USAddress/CityNm0TUSCUMBIA
IRS990/USAddress/StateAbbreviationCd0AL
IRS990/USAddress/ZIPCd0356740388
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.VALLEYCREDITUNION.NET
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0DAWN TRUITT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO/SEC/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02563814800
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0630421601
ReturnHeader/Filer/PhoneNum02563814800
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 388
ReturnHeader/Filer/USAddress/CityNm0TUSCUMBIA
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AL
ReturnHeader/Filer/USAddress/ZIPCd035674
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0false
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CU AUDIT & COMPLIANCE GROUP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03692 COOLIDGE CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TALLAHASSEE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,030,791
Liabilities
$89,955,000
Net assets
$12,075,791
Revenue
$4,170,298
Expenses
$3,878,663
Net income
$291,635
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
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