Civic Intelligence

Valley Health and Postal Employees Credit Union

990 • Fiscal year 2020 • EIN 93-6027729

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 16, 2021

Organization ProfileN/A

View Organization Page

2096 Mission Street SESalem, OR 97302

(503) 364-7999

Siviq Scores

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

Liabilities / Assets

30th percentile

0.87x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Liabilities / Revenue

28th percentile

17.45x

Higher debt load relative to revenue than 28% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Net Margin

86th percentile

21%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Top Officer Pay

89th percentile

$221,451

Higher top officer pay than 89% of similar nonprofits.

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

2020 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2020

Asset Growth

44th percentile

14%

Faster asset growth than 44% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Revenue Growth

82nd percentile

3.0%

Faster revenue growth than 82% of similar nonprofits.

2020 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

Up

$87,405,523

Up $10,816,809 (+14%) from 2019

Net Assets

Up

$11,543,443

Up $877,925 (+8.2%) from 2019

Liabilities

Up

$75,862,080

Up $9,938,884 (+15%) from 2019

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin86th percentile

Revenue

Up

$4,347,107

Up $126,917 (+3.0%) from 2019

Expenses

Up

$3,433,701

Up $195,299 (+6.0%) from 2019

Net Income

Down

$913,406

Down $68,382 (-7.0%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

$150M$100M$50M$0Assets 2011: $58,224,479Liabilities 2011: $53,126,400Net Assets 2011: $5,098,0792011Assets 2012: $58,127,086Liabilities 2012: $52,673,199Net Assets 2012: $5,453,8872012Assets 2013: $60,856,516Liabilities 2013: $54,819,527Net Assets 2013: $6,036,9892013Assets 2014: $63,220,850Liabilities 2014: $56,664,350Net Assets 2014: $6,556,5002014Assets 2015: $67,915,411Liabilities 2015: $61,047,244Net Assets 2015: $6,868,1672015Assets 2016: $71,351,703Liabilities 2016: $63,477,406Net Assets 2016: $7,874,2972016Assets 2017: $75,157,663Liabilities 2017: $66,402,414Net Assets 2017: $8,755,2492017Assets 2018: $74,158,970Liabilities 2018: $64,475,240Net Assets 2018: $9,683,7302018Assets 2019: $76,588,714Liabilities 2019: $65,923,196Net Assets 2019: $10,665,5182019Assets 2020: $87,405,523Liabilities 2020: $75,862,080Net Assets 2020: $11,543,4432020Assets 2021: $95,936,553Liabilities 2021: $83,532,788Net Assets 2021: $12,403,7652021Assets 2022: $101,149,265Liabilities 2022: $89,415,082Net Assets 2022: $11,734,1832022Assets 2023: $109,481,799Liabilities 2023: $96,778,291Net Assets 2023: $12,703,5082023Assets 2024: $116,196,216Liabilities 2024: $103,128,798Net Assets 2024: $13,067,4182024

Highlighted filing

2020

Assets$87,405,523
Liabilities$75,862,080
Net Assets$11,543,443
Open 2020 Filing

Operations Trend

Revenue Growth82nd percentile

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

$8.0M$6.0M$4.0M$2.0M$0Expenses 2011: $3,168,7652011Expenses 2012: $2,918,0772012Revenue 2013: $3,391,411Expenses 2013: $2,808,308Net Income 2013: $583,1032013Revenue 2014: $3,283,470Expenses 2014: $2,763,959Net Income 2014: $519,5112014Revenue 2015: $3,296,064Expenses 2015: $2,984,397Net Income 2015: $311,6672015Revenue 2016: $3,262,160Expenses 2016: $2,256,030Net Income 2016: $1,006,1302016Revenue 2017: $3,369,737Expenses 2017: $2,488,785Net Income 2017: $880,9522017Revenue 2018: $3,935,710Expenses 2018: $3,007,230Net Income 2018: $928,4802018Revenue 2019: $4,220,190Expenses 2019: $3,238,402Net Income 2019: $981,7882019Revenue 2020: $4,347,107Expenses 2020: $3,433,701Net Income 2020: $913,4062020Revenue 2021: $4,536,004Expenses 2021: $3,629,655Net Income 2021: $906,3492021Revenue 2022: $4,901,740Expenses 2022: $4,146,414Net Income 2022: $755,3262022Revenue 2023: $6,561,737Expenses 2023: $5,754,296Net Income 2023: $807,4412023Revenue 2024: $7,571,095Expenses 2024: $7,341,381Net Income 2024: $229,7142024

Highlighted filing

2020

Revenue$4,347,107
Expenses$3,433,701
Net Income$913,406
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 16, 2021
Return Version
2020v4.0
Gross Receipts
$4,347,107
Mission and Program Overview

Mission

Our mission is to provide member thrift and savings while providing low cost loans to members

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$55,788,275$62,035,382▲ $6,247,107
Savings and Temporary Cash Investments$17,500,573$21,760,296▲ $4,259,723
Land, Buildings, and Equipment, Net$1,980,245$1,906,651▼ $73,594
Cash and Non-Interest-Bearing Accounts$873,275$1,185,968▲ $312,693
Prepaid Expenses and Deferred Charges$166,766$276,235▲ $109,469
Accounts Receivable-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$76,588,714$87,405,523▲ $10,816,809
Other Assets Total$279,580$240,991▼ $38,589
Liabilities
Accounts Payable and Accrued Expenses$65,958,677$75,862,080▲ $9,903,403
Total Liabilities$65,958,677$75,862,080▲ $9,903,403
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,630,037$11,543,443▲ $913,406
Total Net Assets Fund Balance$10,630,037$11,543,443▲ $913,406
Total Liabilities and Net Assets / Fund Balance$76,588,714$87,405,523▲ $10,816,809

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,333,919$641,338$1,975,257
Land$419,523-$419,523
Other Land Buildings$108,373$302,033$410,406
Equipment$43,524$201,195$244,719
Leasehold Improvements$1,312$221,406$222,718
Compensation and Service Providers
Top Officer Pay89th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pat ForceCEOFT$211,799$9,652$211,799
Justin RobertsVice PresidentFT$116,931$6,363$123,294
Katie ClarkSecretaryFT$84,452$3,784$88,236

Board Members and Trustees

NameTitle
Denny NielsenChairman
Lee EspeyChairman
Earlene NaylorDirector
Jeff ScofieldDirector
Marilyn BaconDirector
Micky FrostDirector
Patrick VanceDirector
Rob KanskyDirector
Tyler ClarkDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,944,383
Investment Income
$402,724
Other Revenue
$0
Change in Net Assets
$913,406

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,347,107
Total Revenue per Audited Statements
$4,347,107
Total Revenue per Form 990
$4,347,107
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,927,403
Salaries, Compensation, and Employee Benefits$1,506,298
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$655,301
Interest---$490,636
Current Officers, Directors, Trustees, and Key Employees---$423,182
Information Technology---$268,355
Other Employee Benefits---$254,395
Office Expenses---$159,287
Depreciation Depletion---$133,091
Payroll Taxes---$132,051
Occupancy---$71,265
Fees for Services Other---$63,144
Advertising---$45,345
Pension Plan Contributions---$41,369
Insurance---$32,932
Other Expenses---$18,320
Fees for Services Legal---$18,000
Fees for Services Management---$17,978
All Other Expenses---$17,706
Conferences and Meetings---$12,753
Total Functional Expenses$0$0$0$3,433,701

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,433,701
Total Expenses per Audited Statements$3,433,701
Total Expenses per Form 990$3,433,701
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder

“The oranization has members. They become members when they join the credit union”

Form 990, Part VI, Line 11B: Form 990 Review Process

“No review was or will be conducted.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The financial statements are posted in summary form in the lobby of the credit union. All documents including policies are avalible upon request during business hours.”

Filing and Contact Details

Filer

Filer Name
Valley Credit Union
EIN
93-6027729
Phone
5033647999
Address
2096 MISSION STREET SE, SALEM, OR 97302

Signing Officer

Name
Pat Force
Title
CEO
Signed
2021-06-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pat Force
Formed
1957
Legal Domicile
Or
Voting Board Members
10
Independent Board Members
0
Employees
17
Volunteers
9

Preparer

Firm
R Keith Bebb CPA
Address
14780 SW OSPREY STE 370, BEAVERTON, OR 97007
Preparer
R Keith Bebb
Phone
5036424129
Raw XML AppendixShowing 400 of 407 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt065958677
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt075862080
IRS990/AccountsReceivableGrp/EOYAmt00
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0OUR MISSION IS TO PROVIDE MEMBER THRIFT AND SAVINGS WHILE PROVIDING LOW COST LOANS TO MEMBERS
IRS990/AdvertisingGrp/TotalAmt045345
IRS990/AllOtherExpensesGrp/TotalAmt017706
IRS990/AuditCommitteeInd0false
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/PersonNm0PAT FORCE
IRS990/BooksInCareOfDetail/PhoneNum05033647999
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02096 MISSION STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0SALEM
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd097302
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0873275
IRS990/CashNonInterestBearingGrp/EOYAmt01185968
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0423182
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt012753
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0402724
IRS990/CYOtherExpensesAmt01927403
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt03944383
IRS990/CYRevenuesLessExpensesAmt0913406
IRS990/CYSalariesCompEmpBnftPaidAmt01506298
IRS990/CYTotalExpensesAmt03433701
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt04347107
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt0133091
IRS990/Desc0PROVIDE LOW COST LOANS TO MEMBERS USING FUNDS ON DEPOSIT
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt017
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/TotalAmt00
IRS990/FeesForServicesLegalGrp/TotalAmt018000
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt017978
IRS990/FeesForServicesOtherGrp/TotalAmt063144
IRS990/FeesForServicesProfFundraising/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt110.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt070.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt140.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt240.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt70.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt80.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt90.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt100.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt110.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt09652
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt16363
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt23784
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/PersonNm0PAT FORCE
IRS990/Form990PartVIISectionAGrp/PersonNm1JUSTIN ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm2KATIE CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm3MARILYN BACON
IRS990/Form990PartVIISectionAGrp/PersonNm4LEE ESPEY
IRS990/Form990PartVIISectionAGrp/PersonNm5PATRICK VANCE
IRS990/Form990PartVIISectionAGrp/PersonNm6DENNY NIELSEN
IRS990/Form990PartVIISectionAGrp/PersonNm7JEFF SCOFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm8EARLENE NAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm9TYLER CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm10ROB KANSKY
IRS990/Form990PartVIISectionAGrp/PersonNm11MICKY FROST
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0211799
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1116931
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt284452
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01957
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt04347107
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt0268355
IRS990/InsuranceGrp/TotalAmt032932
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0490636
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0402724
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0402724
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt04175
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01365972
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01980245
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01906651
IRS990/LandBldgEquipCostOrOtherBssAmt03272623
IRS990/LegalDomicileStateCd0OR
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0OUR MISSION IS TO PROVIDE MEMBER THRIFT AND SAVINGS WHILE PROVIDING LOW COST LOANS TO MEMBERS
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt010630037
IRS990/NetAssetsOrFundBalancesEOYAmt011543443
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010630037
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011543443
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt071265
IRS990/OfficeExpensesGrp/TotalAmt0159287
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0279580
IRS990/OtherAssetsTotalGrp/EOYAmt0240991
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0254395
IRS990/OtherExpensesGrp/Desc0PROVISION FOR LOAN LOSSES
IRS990/OtherExpensesGrp/Desc1OPERATING FEES
IRS990/OtherExpensesGrp/Desc2DUES
IRS990/OtherExpensesGrp/Desc3CHARITABLE DONATIONS
IRS990/OtherExpensesGrp/TotalAmt0309453
IRS990/OtherExpensesGrp/TotalAmt1243963
IRS990/OtherExpensesGrp/TotalAmt225175
IRS990/OtherExpensesGrp/TotalAmt318320
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt0655301
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt055788275
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt062035382
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0132051
IRS990/PensionPlanContributionsGrp/TotalAmt041369
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0166766
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0276235
IRS990/PrincipalOfficerNm0PAT FORCE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0MEMBER LOANS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03944383
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03944383
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0480185
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01852933
IRS990/PYProgramServiceRevenueAmt03740005
IRS990/PYRevenuesLessExpensesAmt0981788
IRS990/PYSalariesCompEmpBnftPaidAmt01385469
IRS990/PYTotalExpensesAmt03238402
IRS990/PYTotalRevenueAmt04220190
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0913406
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt017500573
IRS990/SavingsAndTempCashInvstGrp/EOYAmt021760296
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt01333919
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0641338
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01975257
IRS990ScheduleD/EquipmentGrp/BookValueAmt043524
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0201195
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0244719
IRS990ScheduleD/ExpensesSubtotalAmt03433701
IRS990ScheduleD/LandGrp/BookValueAmt0419523
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0419523
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01312
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0221406
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0222718
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0108373
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0302033
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0410406
IRS990ScheduleD/RevenueSubtotalAmt04347107
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01906651
IRS990ScheduleD/TotalExpensesPerForm990Amt03433701
IRS990ScheduleD/TotalRevenuePerForm990Amt04347107
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04347107
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03433701
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0211799
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt09652
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAT FORCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0211799
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt09652
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORANIZATION HAS MEMBERS. THEY BECOME MEMBERS WHEN THEY JOIN THE CREDIT UNION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FINANCIAL STATEMENTS ARE POSTED IN SUMMARY FORM IN THE LOBBY OF THE CREDIT UNION. ALL DOCUMENTS INCLUDING POLICIES ARE AVALIBLE UPON REQUEST DURING BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6: Explanation of Classes of Members or Shareholder
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt076588714
IRS990/TotalAssetsEOYAmt087405523
IRS990/TotalAssetsGrp/BOYAmt076588714
IRS990/TotalAssetsGrp/EOYAmt087405523
IRS990/TotalCompGreaterThan150KInd0true
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt017
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt03433701
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt065958677
IRS990/TotalLiabilitiesEOYAmt075862080
IRS990/TotalLiabilitiesGrp/BOYAmt065958677
IRS990/TotalLiabilitiesGrp/EOYAmt075862080
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt010630037
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt011543443
IRS990/TotalOtherCompensationAmt019799
IRS990/TotalProgramServiceRevenueAmt03944383
IRS990/TotalReportableCompFromOrgAmt0413182
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04347107
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04347107
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt076588714
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt087405523
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt02096 MISSION STREET SE
IRS990/USAddress/CityNm0SALEM
IRS990/USAddress/StateAbbreviationCd0OR
IRS990/USAddress/ZIPCd097302
IRS990/VotingMembersGoverningBodyCnt010
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAT FORCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-06-16
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VALLEY CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0VALL
ReturnHeader/Filer/EIN0936027729
ReturnHeader/Filer/PhoneNum05033647999
ReturnHeader/Filer/USAddress/AddressLine1Txt02096 MISSION STREET SE
ReturnHeader/Filer/USAddress/CityNm0SALEM
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OR
ReturnHeader/Filer/USAddress/ZIPCd097302
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0930967046
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0R Keith Bebb CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt014780 SW OSPREY STE 370
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BEAVERTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd097007
ReturnHeader/PreparerPersonGrp/PhoneNum05036424129
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R KEITH BEBB
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$87,405,523
Liabilities
$75,862,080
Net assets
$11,543,443
Revenue
$4,347,107
Expenses
$3,433,701
Net income
$913,406
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$116$103$13.1$7.57$7.34$0.23
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$109$96.8$12.7$6.56$5.75$0.81
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$101$89.4$11.7$4.90$4.15$0.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$95.9$83.5$12.4$4.54$3.63$0.91
2020Detailed filing. Detailed filing data is available for this year.$87.4$75.9$11.5$4.35$3.43$0.91
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.6$65.9$10.7$4.22$3.24$0.98
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$74.2$64.5$9.68$3.94$3.01$0.93
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$75.2$66.4$8.76$3.37$2.49$0.88
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$71.4$63.5$7.87$3.26$2.26$1.01
2015Detailed filing. Detailed filing data is available for this year.$67.9$61.0$6.87$3.30$2.98$0.31
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$63.2$56.7$6.56$3.28$2.76$0.52
2013Detailed filing. Detailed filing data is available for this year.$60.9$54.8$6.04$3.39$2.81$0.58
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.1$52.7$5.45$2.92
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.2$53.1$5.10$3.17