Civic Intelligence

Valley Health and Postal Employees Credit Union

990 • Fiscal year 2023 • EIN 93-6027729

Jan 01, 2023 to Dec 31, 2023 • Filed on Oct 23, 2024

Organization ProfileN/A

View Organization Page

2096 Mission St SESalem, OR 97302

(503) 589-6200

Siviq Scores

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

Liabilities / Assets

36th percentile

0.88x

Higher debt load relative to assets than 36% of similar nonprofits.

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

Liabilities / Revenue

28th percentile

14.75x

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

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

Net Margin

45th percentile

12%

Higher net margin than 45% of similar nonprofits.

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

Top Officer Pay

65th percentile

$259,758

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 4.0% of source-year revenue.

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

Asset Growth

87th percentile

8.2%

Faster asset growth than 87% of similar nonprofits.

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

Revenue Growth

80th percentile

34%

Faster revenue growth than 80% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets36th percentile

Assets

Up

$109,481,799

Up $8,332,534 (+8.2%) from 2022

Net Assets

Up

$12,703,508

Up $969,325 (+8.3%) from 2022

Liabilities

Up

$96,778,291

Up $7,363,209 (+8.2%) from 2022

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin45th percentile

Revenue

Up

$6,561,737

Up $1,659,997 (+34%) from 2022

Expenses

Up

$5,754,296

Up $1,607,882 (+39%) from 2022

Net Income

Up

$807,441

Up $52,115 (+6.9%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth87th 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

2023

Assets$109,481,799
Liabilities$96,778,291
Net Assets$12,703,508
Open 2023 Filing

Operations Trend

Revenue Growth80th 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

2023

Revenue$6,561,737
Expenses$5,754,296
Net Income$807,441
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Oct 23, 2024
Return Version
2023v5.1
Gross Receipts
$6,561,737
Mission and Program Overview

Mission

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

To provide exceptional service and products that includes great rates and low fees for our members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$78,783,905$85,851,174▲ $7,067,269
Rtn Earn Endowment Incm Other Fnds$11,734,183$12,703,508▲ $969,325
Investments Other Securities$11,406,411$11,473,376▲ $66,965
Savings and Temporary Cash Investments$5,242,000$4,494,000▼ $748,000
Cash and Non-Interest-Bearing Accounts$1,477,512$3,232,613▲ $1,755,101
Land, Buildings, and Equipment, Net$1,818,638$1,801,519▼ $17,119
Investments Program Related$763,053$777,870▲ $14,817
Accounts Receivable$639,435$659,278▲ $19,843
Prepaid Expenses and Deferred Charges$248,657$294,541▲ $45,884
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$101,149,265$109,481,799▲ $8,332,534
Other Assets Total$769,654$897,428▲ $127,774
Liabilities
Other Liabilities$82,499,943$92,537,956▲ $10,038,013
Mortgage Notes Payable Secured by Investment Property$5,750,222$3,545,067▼ $2,205,155
Accounts Payable and Accrued Expenses$1,164,917$695,268▼ $469,649
Total Liabilities$89,415,082$96,778,291▲ $7,363,209
Net Assets / Fund Balance
Total Net Assets Fund Balance$11,734,183$12,703,508▲ $969,325
Total Liabilities and Net Assets / Fund Balance$101,149,265$109,481,799▲ $8,332,534

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,214,430$765,695$1,980,125
Equipment$167,564$334,767$502,331
Land$419,523-$419,523
Leasehold Improvements$2$222,716$222,718
Other Securities$220,300--
Compensation and Service Providers
Top Officer Pay65th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Pat ForceCEOFT$206,353$53,405$259,758
Justin RobertsVP of LendingFT$138,320$46,985$185,305
Jake TurpinVP of Member ServicesFT$114,959$31,414$146,373
Katie ClarkSecretaryFT$98,903$18,721$117,624

Board Members and Trustees

NameTitle
Rob KanskyChairman
Tyler ClarkVice Chairman
Denny NielsenDirector
Earlene NaylorDirector
Marilyn BaconDirector
Micky FrostDirector
Patrick VanceDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$6,196,782
Investment Income
$364,955
Other Revenue
$0
Change in Net Assets
$807,441

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,561,725
Revenue Not Reported on Financial Statements
$12
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$12
Total Revenue per Audited Statements
$6,561,725
Total Revenue per Form 990
$6,561,737
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,850,032
Salaries, Compensation, and Employee Benefits$1,816,653
Grants and Similar Amounts Paid$26,127
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses---$961,539
Other Salaries and Wages---$730,591
Current Officers, Directors, Trustees, and Key Employees---$602,917
Other Employee Benefits---$367,412
Interest---$190,320
Occupancy---$123,051
Advertising---$115,777
Payroll Taxes---$115,733
Fees for Services Other---$103,686
Other Expenses---$83,104
Travel---$73,873
Information Technology---$68,250
Benefits to Members---$61,484
Depreciation Depletion---$49,926
Fees for Services Accounting---$26,500
Grants to Domestic Orgs---$26,127
Fees for Services Legal---$19,883
All Other Expenses---$8,751
Conferences and Meetings---$6,995
Total Functional Expenses$0$0$0$5,754,296

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,754,296
Total Expenses per Audited Statements$5,754,296
Total Expenses per Form 990$5,754,296
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Salem Health FoundationSalem, OR501(c)(3)Various of Donations$10,150
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
Member Shares$47,117,193
Time Deposits$29,431,318
Money Market Shares$15,989,445
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Valley credit union has one class of members. Membership is open to persons who live or work in, or organizations located within, the community of these four counties in oregon: linn, marion, polk and yamhill.”

Form 990, Part VI, Section A, Line 7A

“Members elect the board of directors from candidates selected by the nominating committee. At every annual meeting (june) every credit union member has one vote towards the election of the credit union's governing body. The credit union also create a full annual report for members to review and keep them up to date.”

Form 990, Part VI, Section A, Line 8B

“There are no committees with broad authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“We have contracted with a cpa firm that specializes in guiding and completing form 990 for the credit union. Staff provides requested information about the credit union to the cpa firm. The firm completes the form and reviews the results with the credit union before submission to the irs.”

Form 990, Part VI, Section B, Line 15A

“The ceo review is conducted by the ceo evaluation committee of the board each year, and completed in december. It consists of employee and board surveys and the achievement of various metrics. The other officers receive an annual review from the ceo at mid-year and compensation adjustments are made at that time.”

Form 990, Part VI, Section C, Line 19

“All required documents are available upon request during business hours.”

Filing and Contact Details

Filer

Filer Name
Valley Credit Union
EIN
93-6027729
Phone
5035896200
Address
2096 MISSION ST SE, SALEM, OR 97302

Signing Officer

Name
Pat Force
Title
CEO
Phone
7012551091
Signed
2024-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Pat Force
Formed
1957
Legal Domicile
Or
Voting Board Members
7
Independent Board Members
7
Employees
20
Volunteers
11

Preparer

Firm
Hauser Jones & Sas Pllc
Address
10940 NE 33RD PLACE SUITE 100, BELLEVUE, WA 98004
Preparer
Lindsey Sas CPA
Phone
4258891778
Supplemental Narrative

Additional Explanations

Form 990, Part XII, 2C

“The organization has not changed either its oversight process or selection process during the tax year.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Gain on sales of assets 12.”

Raw XML AppendixShowing 400 of 470 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/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt012
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt012
IRS990/NetUnrelatedBusTxblIncmAmt023938
IRS990/NetUnrlzdGainsLossesInvstAmt0161884
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt0123051
IRS990/OfficeExpensesGrp/TotalAmt0961539
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0769654
IRS990/OtherAssetsTotalGrp/EOYAmt0897428
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0367412
IRS990/OtherExpensesGrp/Desc0DIVIDEND EXPENSE
IRS990/OtherExpensesGrp/Desc1PROVISION FOR LOAN LOSS
IRS990/OtherExpensesGrp/Desc2LOAN SERVICING
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS EXPENSE
IRS990/OtherExpensesGrp/TotalAmt01125262
IRS990/OtherExpensesGrp/TotalAmt1710186
IRS990/OtherExpensesGrp/TotalAmt2182929
IRS990/OtherExpensesGrp/TotalAmt383104
IRS990/OtherLiabilitiesGrp/BOYAmt082499943
IRS990/OtherLiabilitiesGrp/EOYAmt092537956
IRS990/OtherSalariesAndWagesGrp/TotalAmt0730591
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt078783905
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt085851174
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0115733
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0248657
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0294541
IRS990/PrincipalOfficerNm0PAT FORCE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522291
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc1FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc2OTHER MEMBER FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt05116202
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1885953
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2179714
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt05103555
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1893336
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2199891
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt0-12647
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt17383
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt220177
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt048230
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt013918
IRS990/PYInvestmentIncomeAmt0362616
IRS990/PYOtherExpensesAmt02449265
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04539124
IRS990/PYRevenuesLessExpensesAmt0755326
IRS990/PYSalariesCompEmpBnftPaidAmt01635001
IRS990/PYTotalExpensesAmt04146414
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04901740
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0807441
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt011734183
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012703508
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05242000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04494000
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01214430
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0765695
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01980125
IRS990ScheduleD/EquipmentGrp/BookValueAmt0167564
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0334767
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0502331
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05754296
IRS990ScheduleD/LandGrp/BookValueAmt0419523
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0419523
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0222716
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0222718
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt047117193
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt115989445
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt229431318
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1MONEY MARKET SHARES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2TIME DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt012
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt011104661
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1148415
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt2220300
IRS990ScheduleD/OtherSecuritiesGrp/Desc0US SECURITIES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1CORPORATE AMERICA CU
IRS990ScheduleD/OtherSecuritiesGrp/Desc2FHLB STOCK
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt012
IRS990ScheduleD/RevenueSubtotalAmt06561725
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GAIN ON SALES OF ASSETS 12.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01801519
IRS990ScheduleD/TotalBookValueSecuritiesAmt011473376
IRS990ScheduleD/TotalExpensesPerForm990Amt05754296
IRS990ScheduleD/TotalLiabilityAmt092537956
IRS990ScheduleD/TotalRevenuePerForm990Amt06561737
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06561725
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05754296
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt010150
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0VARIOUS OF DONATIONS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SALEM HEALTH FOUNDATION
IRS990ScheduleI/RecipientTable/RecipientEIN0237002687
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0890 OAK STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SALEM
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OR
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd097301
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0206353
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1138320
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount029518
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount114864
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt023887
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt132121
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0PAT FORCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1JUSTIN ROBERTS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1VP OF LENDING
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0259758
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt1185305
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt10
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VALLEY CREDIT UNION HAS ONE CLASS OF MEMBERS. MEMBERSHIP IS OPEN TO PERSONS WHO LIVE OR WORK IN, OR ORGANIZATIONS LOCATED WITHIN, THE COMMUNITY OF THESE FOUR COUNTIES IN OREGON: LINN, MARION, POLK AND YAMHILL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE BOARD OF DIRECTORS FROM CANDIDATES SELECTED BY THE NOMINATING COMMITTEE. AT EVERY ANNUAL MEETING (JUNE) EVERY CREDIT UNION MEMBER HAS ONE VOTE TOWARDS THE ELECTION OF THE CREDIT UNION'S GOVERNING BODY. THE CREDIT UNION ALSO CREATE A FULL ANNUAL REPORT FOR MEMBERS TO REVIEW AND KEEP THEM UP TO DATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH BROAD AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WE HAVE CONTRACTED WITH A CPA FIRM THAT SPECIALIZES IN GUIDING AND COMPLETING FORM 990 FOR THE CREDIT UNION. STAFF PROVIDES REQUESTED INFORMATION ABOUT THE CREDIT UNION TO THE CPA FIRM. THE FIRM COMPLETES THE FORM AND REVIEWS THE RESULTS WITH THE CREDIT UNION BEFORE SUBMISSION TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE CEO REVIEW IS CONDUCTED BY THE CEO EVALUATION COMMITTEE OF THE BOARD EACH YEAR, AND COMPLETED IN DECEMBER. IT CONSISTS OF EMPLOYEE AND BOARD SURVEYS AND THE ACHIEVEMENT OF VARIOUS METRICS. THE OTHER OFFICERS RECEIVE AN ANNUAL REVIEW FROM THE CEO AT MID-YEAR AND COMPENSATION ADJUSTMENTS ARE MADE AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL REQUIRED DOCUMENTS ARE AVAILABLE UPON REQUEST DURING BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$109,481,799
Liabilities
$96,778,291
Net assets
$12,703,508
Revenue
$6,561,737
Expenses
$5,754,296
Net income
$807,441
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
2023Detailed filing. Detailed filing data is available for this year.$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
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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