Liabilities / Assets
57th percentile
Higher debt load relative to assets than 57% of similar nonprofits.
Valley First Credit Union
EIN 94-1439553 • 501(c)14 • Modesto, CA
Profile
Valley first credit union is a state chartered credit union that provides low cost financial services to its communities.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.91x
Liabilities / Revenue
40th percentile
Higher debt load relative to revenue than 40% of similar nonprofits.
Net Margin
36th percentile
Higher net margin than 36% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
31st percentile
Faster asset growth than 31% of similar nonprofits.
Revenue Growth
21st percentile
Faster revenue growth than 21% of similar nonprofits.
Balance Sheet
Assets
Up$1,027,273,852
Up $7,976,405 (+0.8%) from 2023
Liabilities
Up$936,329,209
Up $790,688 (+0.1%) from 2023
Net Assets
Up$90,944,643
Up $7,185,717 (+8.6%) from 2023
Revenue
Up$63,347,544
Up $6,161,047 (+11%) from 2023
Expenses
Up$58,535,460
Up $10,763,691 (+23%) from 2023
Net Income
Down$4,812,084
Down $4,602,644 (-49%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
- Assets
- $1,027,273,852
- Liabilities
- $936,329,209
- Net assets
- $90,944,643
- Revenue
- $63,347,544
- Expenses
- $58,535,460
- Net income
- $4,812,084
Latest Detailed Filing
The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2022 to Dec 31, 2022
- Signed
- Nov 14, 2023
- Return Version
- 2022v5.0
- Gross Receipts
- $41,583,133
Mission and Program Overview
Mission
Valley first credit union is a state chartered credit union that provides low cost financial services to its communities.
Provide superior service to our members and community
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Other Notes and Loans Receivable, Net | $529,532,574 | $718,449,303 | ▲ $188,916,729 |
| Investments Other Securities | $122,822,113 | $152,907,988 | ▲ $30,085,875 |
| Rtn Earn Endowment Incm Other Fnds | $78,083,080 | $75,962,474 | ▼ $2,120,606 |
| Savings and Temporary Cash Investments | $148,611,837 | $20,085,013 | ▼ $128,526,824 |
| Cash and Non-Interest-Bearing Accounts | $35,459,697 | $13,610,938 | ▼ $21,848,759 |
| Land, Buildings, and Equipment, Net | $12,094,398 | $13,419,673 | ▲ $1,325,275 |
| Receivables From Officers Etc | $0 | $12,400,045 | ▲ $12,400,045 |
| Prepaid Expenses and Deferred Charges | $3,078,694 | $2,339,266 | ▼ $739,428 |
| Accounts Receivable | $15,240,947 | $1,862,756 | ▼ $13,378,191 |
| Pd in Cap Srpls Land Bldg Eqp Fund | $0 | $0 | → $0 |
| Cap Stk Tr Prin Current Funds | $0 | $0 | → $0 |
| Total Assets | $895,204,166 | $964,187,226 | ▲ $68,983,060 |
| Other Assets Total | $28,363,906 | $29,112,244 | ▲ $748,338 |
| Liabilities | |||
| Other Liabilities | $807,552,295 | $794,853,363 | ▼ $12,698,932 |
| Mortgage Notes Payable Secured by Investment Property | $0 | $81,000,000 | ▲ $81,000,000 |
| Accounts Payable and Accrued Expenses | $9,568,791 | $12,371,389 | ▲ $2,802,598 |
| Total Liabilities | $817,121,086 | $888,224,752 | ▲ $71,103,666 |
| Net Assets / Fund Balance | |||
| Total Net Assets Fund Balance | $78,083,080 | $75,962,474 | ▼ $2,120,606 |
| Total Liabilities and Net Assets / Fund Balance | $895,204,166 | $964,187,226 | ▲ $68,983,060 |
Asset Categories
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Equipment | $4,714,259 | $12,970,472 | $17,684,731 |
| Leasehold Improvements | $2,774,155 | $6,157,604 | $8,931,759 |
| Buildings | $3,398,031 | $2,986,209 | $6,384,240 |
| Land | $1,754,982 | - | $1,754,982 |
| Other Land Buildings | $778,246 | - | $778,246 |
| Other Securities | $3,815,772 | - | - |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Kathryn Davis | President and Chief Executive Officer | FT | $592,931 | $42,957 | $635,888 |
| Kathryn Davis | President and Chief Executive Office | - | $493,254 | $142,634 | $635,888 |
| Chris Hewitt | VP Operations and Digital Strategy | FT | $168,430 | $64,658 | $233,088 |
| Byron Miller | VP Technology | FT | $177,934 | $51,854 | $229,788 |
| Chris Braun | VP Payments | FT | $184,092 | $45,194 | $229,286 |
| Todd Mccoy | Chief Financial Officer | FT | $196,908 | $31,872 | $228,780 |
| Paul Emanuels | VP Lending | FT | $177,285 | $49,407 | $226,692 |
| Courtnay Lynch | VP People and Culture | FT | $158,138 | $52,828 | $210,966 |
| Raymond Mccaslin | VP Commercial Banking | FT | $122,284 | $12,038 | $134,322 |
Board Members and Trustees
| Name | Title |
|---|---|
| Chris Peterson | Chair |
| Fred Cruz | Vice Chair |
| Gary Hall | Director |
| John Schneider | Director |
| Tamra Spade | Director |
| Tom Kane | Director |
| Patrick Dodd | Former Treasurer |
| Patti Gillihan | Secretary and Treasurer |
Highest Paid Contractors
| Contractor | Services | Location | Compensation |
|---|---|---|---|
| Jack Henry & Associates INC | Core System | PO BOX 609, Monett, MT 65708 | $1,127,458 |
| Presidio Networked Solutions Group LLC | Intel Processor, Data Migration | 12100 SUNSET HILLS ROAD SUITE 300, Reston, VA 20190 | $1,094,664 |
| Christie Powell | Admin Building Remodel | 7652 BRIDGEVIEW DR, Sacramento, CA 95831 | $831,143 |
| Q2 Software INC | Home Banking | 10355 PECAN PARK BOULEVARD, Austin, TX 78729 | $681,700 |
| Financial Tech Solutions International ( | Atm And Branch Services | 406 EAST HUNTINGTON DRIVE SUITE 10, Morovia, CA 91016 | $656,461 |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $0
- Program Service Revenue
- $37,053,937
- Investment Income
- $3,051,516
- Other Revenue
- $0
- Change in Net Assets
- $9,369,445
Audited Revenue Reconciliation
- Revenue per Audited Statements
- $40,105,453
- Revenue Not Reported on Financial Statements
- $0
- Revenue Not Reported on Form 990
- $0
- Total Revenue per Audited Statements
- $40,105,453
- Total Revenue per Form 990
- $40,105,453
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Other Expenses | $17,929,136 |
| Salaries, Compensation, and Employee Benefits | $12,712,230 |
| Grants and Similar Amounts Paid | $94,642 |
| Professional Fundraising Fees | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | - | - | - | $8,442,717 |
| Fees for Services Other | - | - | - | $2,409,880 |
| Office Expenses | - | - | - | $2,262,274 |
| Depreciation Depletion | - | - | - | $2,180,210 |
| Information Technology | - | - | - | $1,794,090 |
| Occupancy | - | - | - | $1,698,174 |
| Current Officers, Directors, Trustees, and Key Employees | - | - | - | $1,535,412 |
| Advertising | - | - | - | $1,269,436 |
| Other Employee Benefits | - | - | - | $1,210,494 |
| Payroll Taxes | - | - | - | $794,429 |
| Pension Plan Contributions | - | - | - | $689,092 |
| Travel | - | - | - | $286,824 |
| Fees for Services Legal | - | - | - | $273,980 |
| Fees for Services Accounting | - | - | - | $244,997 |
| Insurance | - | - | - | $130,439 |
| Grants to Domestic Orgs | - | - | - | $94,642 |
| Other Expenses | - | - | - | $78,567 |
| All Other Expenses | - | - | - | $60,660 |
| Comp Disqual Persons | - | - | - | $40,086 |
| Total Functional Expenses | $0 | $0 | $0 | $30,736,008 |
Audited Expense Reconciliation
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $30,736,008 |
| Total Expenses per Audited Statements | $30,736,008 |
| Total Expenses per Form 990 | $30,736,008 |
| Expenses Not Reported on Financial Statements | $0 |
| Expenses Not Reported on Form 990 | $0 |
International Activity
Grant and Assistance Recipients
| Recipient | Location | Category | Purpose | Amount |
|---|---|---|---|---|
| Opportunity Stanislaus | Modesto, CA | 501(c)(3) | Program Support | $34,583 |
| Stanislaus Community Foundation | Modesto, CA | 501(c)(3) | Program and Endowment Support | $10,000 |
| United Way of Stanislaus Co | Modesto, CA | 501(c)(3) | Support Our Community Through a Partnership With United Way | $5,169 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
Political and Lobbying Activity
- Political campaign activity
- Yes
- Subject to proxy tax
- No
Reported Spending and Taxes
| Line Item | Amount |
|---|---|
| Political Expenditures | $7,535 |
| Total Exempt Function Spending | $7,535 |
Section 527 Organizations
| Organization | Location | Amount |
|---|---|---|
| 91-0357265 | Sacramento, CA | $7,535 |
Insider Transactions and Loans
Interested-Person Transactions
| Interested Party | Relationship | Description | Shared Revenue | Amount |
|---|---|---|---|---|
| Kyle Hewitt | Family Member of Chris Hewitt | Compensation | No | $40,086 |
Loans and Receivables
| Line Item | Beginning | End | Change |
|---|---|---|---|
| Receivables from Officers, Directors, Trustees, and Key Employees | $0 | $12,400,045 | ▲ $12,400,045 |
Debt and Bond Financing
Other Reported Liabilities
| Liability | Amount |
|---|---|
| Member Shares | $794,853,363 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- Yes
- Audit committee
- Yes
- Backup withholding compliance
- Yes
- Business relationship with 35% controlled entity
- No
- Business relationship with family members
- Yes
- 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
- Yes
- Conflict-of-interest policy
- Yes
- 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 first credit union has members as specified in its bylaws.”
Form 990, Part VI, Section A, Line 7A
“Valley first credit union members have the power to elect the members of the governing body.”
Form 990, Part VI, Section A, Line 8B
“Valley first credit union does not have committees with authority to act on behalf of the governing body.”
Form 990, Part VI, Section B, Line 11B
“The completed form 990 is reviewed by the chief executive officer and chief financial officer. A copy is also provided to the board of directors prior to filing with the internal revenue service.”
Form 990, Part VI, Section B, Line 12C
“Valley first credit union's conflict of interest policy is directed at the valley first credit union board of directors, supervisory committee, valley first credit union volunteers, and employees. A conflict of interest occurs when a member's personal interest interferes, or appears to interfere, with the interests of the credit union. In connection with any potential conflict, the board, with the abstention or absence of the member, will decide whether that member may participate in any reporting or discussion on the issue that gave rise to the conflict of interest. The board shall withhold any information on such issues from the board materials distributed to the applicable member and take all such other action necessary to effectuate this policy. All decisions regarding such matters require that a quorum of the board of directors be present for ratification. Any member with such an actual or potential conflict of interest shall recuse himself or herself from any reporting, discussions, and vote on the issue that gave rise to the conflict and, if necessary, from the board meeting, or applicable part thereof. On an annual basis all directors or trustees, and key employees are required to disclose interests that could give rise to conflicts by signing the conflict of interest policy.”
Form 990, Part VI, Section B, Line 15
“Valley first credit union's executive compensation committee has retained d. Hilton associates as its compensation consultant to advise the executive compensation committee on market practices and specific credit union policies and programs. D. Hilton associates performs the following activities in determining chief executive officer and other key employees compensation of the organization. D. Hilton reports directly to the compensation committee chairman and takes direction from the committee on president/chief executive officer and key employee executive compensation matters. The consultant's work for the committee includes comparable compensation data analyses, market assessments, and preparation of related reports. The work done by d. Hilton associates for the committee is documented in a formal agreement that is executed by the consultant and the committee. The last time this process occurred was in 2023.”
Form 990, Part VI, Section C, Line 19
“Valley first credit union makes its governing documents, conflict of interest policy, and audited financial statements available to the public upon request in the same time and manner as other disclosures required under internal revenue code section 6104.”
Filing and Contact Details
Filer
- Filer Name
- Valley First Credit Union
- EIN
- 94-1439553
- Phone
- 2095498500
- Address
- 1005 W ORANGEBURG AVENUE, MODESTO, CA 95350
Signing Officer
- Name
- Todd Mccoy
- Title
- Chief Financial Officer
- Phone
- 2095498500
- Signed
- 2023-11-14
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Kathryn Davis
- Formed
- 1956
- Legal Domicile
- CA
- Voting Board Members
- 7
- Independent Board Members
- 7
- Employees
- 201
- Volunteers
- 12
Preparer
- Firm
- Rsm US Llp
- Address
- 4650 EAST 53RD STREET, DAVENPORT, IA 52807-3479
- Preparer
- Jenifer L Chase
- Phone
- 5638884000
Supplemental Narrative
Additional Explanations
FORM 990, PART XII, LINE 2C:
“The oversight and selection process has not changed from the prior tax year.”
Financial Statement Notes
PART X, LINE 2:
“Valley first credit union is exempt, by statute, from federal income taxes. Fasb asc topic 740, income taxes, provides guidance for how uncertain tax positions should be recognized, measured, disclosed and presented in the financial statements. This requires the evaluation of tax positions taken or expected to be taken by the credit union, which determine whether the tax positions are more likely than not to be sustained "when challenged or "when examined" by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as tax expense and liability in the current year. As of and for the years ended december 31, 2022 and 2021, management had determined that there were no material uncertain tax positions requiring recognition in the financial statements.”
Raw XML AppendixShowing 400 of 690 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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 9568791 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 12371389 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 15240947 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 1862756 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | PROVIDE SUPERIOR SERVICE TO OUR MEMBERS AND COMMUNITY |
| IRS990/AdvertisingGrp/TotalAmt | 0 | 1269436 |
| IRS990/AllOtherExpensesGrp/TotalAmt | 0 | 60660 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | TODD MCCOY |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 2095498500 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 1005 W ORANGEBURG AVENUE |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | MODESTO |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | CA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 95350 |
| IRS990/BusinessRlnWith35CtrlEntInd | 0 | 0 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 1 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt | 0 | 0 |
| IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 35459697 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 13610938 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 28 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt | 0 | 1535412 |
| IRS990/CompDisqualPersonsGrp/TotalAmt | 0 | 40086 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 0 | 1127458 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 1 | 1094664 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 2 | 831143 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 3 | 681700 |
| IRS990/ContractorCompensationGrp/CompensationAmt | 4 | 656461 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 0 | PO BOX 609 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 1 | 12100 SUNSET HILLS ROAD SUITE 300 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 2 | 7652 BRIDGEVIEW DR |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 3 | 10355 PECAN PARK BOULEVARD |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt | 4 | 406 EAST HUNTINGTON DRIVE SUITE 10 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 0 | MONETT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 1 | RESTON |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 2 | SACRAMENTO |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 3 | AUSTIN |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm | 4 | MOROVIA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 0 | MT |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 1 | VA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 2 | CA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 3 | TX |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd | 4 | CA |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 0 | 65708 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 1 | 20190 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 2 | 95831 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 3 | 78729 |
| IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd | 4 | 91016 |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 0 | JACK HENRY & ASSOCIATES INC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 1 | PRESIDIO NETWORKED SOLUTIONS GROUP LLC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 2 | CHRISTIE POWELL |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 3 | Q2 SOFTWARE INC |
| IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt | 4 | FINANCIAL TECH SOLUTIONS INTERNATIONAL ( |
| IRS990/ContractorCompensationGrp/ServicesDesc | 0 | CORE SYSTEM |
| IRS990/ContractorCompensationGrp/ServicesDesc | 1 | INTEL PROCESSOR, DATA MIGRATION |
| IRS990/ContractorCompensationGrp/ServicesDesc | 2 | ADMIN BUILDING REMODEL |
| IRS990/ContractorCompensationGrp/ServicesDesc | 3 | HOME BANKING |
| IRS990/ContractorCompensationGrp/ServicesDesc | 4 | ATM AND BRANCH SERVICES |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 0 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 94642 |
| IRS990/CYInvestmentIncomeAmt | 0 | 3051516 |
| IRS990/CYOtherExpensesAmt | 0 | 17929136 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 37053937 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 9369445 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 12712230 |
| IRS990/CYTotalExpensesAmt | 0 | 30736008 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 40105453 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/DepreciationDepletionGrp/TotalAmt | 0 | 2180210 |
| IRS990/Desc | 0 | AS A STATE CHARTERED CREDIT UNION, VALLEY FIRST CREDIT UNION (THE CREDIT UNION) PROVIDES LOANS TO MEMBERS AT REDUCED INTEREST RATES AS COMPARED TO COMPETITORS. IN GENERAL, THE CREDIT CRITERIA IS LESS STRINGENT, LOAN RATES ARE LOWER, AND A HIGHER LEVEL OF LOAN COVERAGE IS PROVIDED. AS OF 12/31/2022, THE CREDIT UNION HAD $730,849,349 IN OUTSTANDING LOAN BALANCES AND MORE THAN 80,000 MEMBERS. AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION, VALLEY FIRST CREDIT UNION IS CHARGED WITH GENERATING ECONOMIC GROWTH AND OPPORTUNITY IN ECONOMICALLY DISADVANTAGED COMMUNITIES WITH PROGRAMS THAT INJECT NEW SOURCES OF CAPITAL INTO NEIGHBORHOODS THAT LACK ACCESS TO FINANCING. IN 2022, WE RECEIVED THE LOW-INCOME DESIGNATION, WHICH EXPANDS ACCESS TO CAPITAL FOR SMALL BUSINESSES AND OTHERS WHO HAVE BEEN UNDERSERVED IN LOW-INCOME COMMUNITIES. MORE THAN 60% OF OUR LOANS ARE DONE IN COMMUNITIES WHERE MORE THAN HALF OF THE HOUSEHOLDS HAVE INCOMES BELOW 60% OF THE AREA INCOME OR THE POVERTY RATE IS AT 25% OR HIGHER. 45% OF OUR TOTAL LOAN PORTFOLIO IS TO HISPANIC BORROWERS. |
| IRS990/DescribedInSection501c3Ind | 0 | 0 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/DonorRstrOrQuasiEndowmentsInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 1 |
| IRS990/EmployeeCnt | 0 | 201 |
| IRS990/EmploymentTaxReturnsFiledInd | 0 | 1 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 244997 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 273980 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 2409880 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 2.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 7 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 8 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 9 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 10 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 11 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 12 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 13 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 14 | 50.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 15 | 50.00 |
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| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 7 | X |
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| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/KeyEmployeeInd | 2 | X |
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| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 5 | X |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | TOM KANE |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | CHRIS PETERSON |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | JOHN SCHNEIDER |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 8 | KATHRYN DAVIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 9 | TODD MCCOY |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 10 | PAUL EMANUELS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 11 | COURTNAY LYNCH |
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| IRS990/Form990PartVIISectionAGrp/PersonNm | 13 | BYRON MILLER |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 14 | CHRIS BRAUN |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 7 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 8 | PRESIDENT AND CHIEF EXECUTIVE OFFICER |
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| IRS990/Form990PartVIISectionAGrp/TitleTxt | 10 | VP LENDING |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 11 | VP PEOPLE AND CULTURE |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 12 | VP OPERATIONS AND DIGITAL STRATEGY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 13 | VP TECHNOLOGY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 14 | VP PAYMENTS |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 15 | VP COMMERCIAL BANKING |
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| IRS990/ProgSrvcAccomActy2Grp/Desc | 0 | VALLEY FIRST CREDIT UNION (THE CREDIT UNION )PROVIDES SAVINGS ACCOUNT PRODUCTS THAT ARE OF GREATER BENEFIT TO MEMBERS AS COMPARED TO COMPETITORS. VALLEY FIRST CREDIT UNION PAYS HIGHER DIVIDEND RATES FOR COMPARABLE SAVINGS PRODUCTS. AT 12/31/2022 THE CREDIT UNION HAD OVER 90,000 SHARE ACCOUNTS WITH BALANCES TOTALING MORE THAN $795,000,000. IN 2022, WE GAVE BACK MORE THAN $431,000 IN VARIOUS FINANCIAL PRODUCTS TO OUR MEMBERS. WE EXPANDED OUR SMALL BUSINESS BANKING PROGRAM WITH NEW PRODUCTS AND SERVICES TO HELP FILL A MUCH-NEEDED CREDIT GAP IN OUR COMMUNITY. VALLEY FIRST CREDIT UNION ALSO OPENED A SMALL BUSINESS DEVELOPMENT CENTER IN OUR TURLOCK BRANCH TO CONNECT LOCAL ENTREPRENEURS WITH RESOURCES. THE CREDIT UNION ALSO PROVIDED FINANCIAL EDUCATION TO 2,571 PEOPLE IN OUR COMMUNITY. |
| IRS990/ProgSrvcAccomActy3Grp/Desc | 0 | VALLEY FIRST CREDIT UNION PROVIDES CHECKING ACCOUNT PRODUCTS THAT ARE OF GREATER BENEFIT TO MEMBERS, AS COMPARED TO ITS COMPETITORS. SEVERAL TYPES OF CHECKING ACCOUNTS ARE OFFERED, FROM FREE CHECKING TO OUR PURPLE CHECKING PRODUCT, WHICH PROVIDES MEMBERS THE ABILITY TO HAVE NO SERVICE FEES, ATM REIMBURSEMENTS AND OFFERS CASH BACK ON PURCHASES. VALLEY FIRST CREDIT UNION LAUNCHED SMALL DOLLAR LOANS (PURPLE ADVANCE AND QUICK LOANS) TO HELP MEMBERS AVOID GOING TO CHECK CASHERS AND PAYDAY LENDERS. EMPLOYEES OF THE CREDIT UNION DONATED 1,115 HOURS VOLUNTEERING AT LOCAL NON-PROFIT ORGANIZATIONS, AND THE CREDIT UNION DONATED OVER $97,000 TO THOSE NON-PROFITS, AS WELL. |
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| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt | 0 | 1201 K STREET SUITE 1050 |
| IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/CityNm | 0 | SACRAMENTO |
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| IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt | 0 | VALLEY FIRST CREDIT UNION MAKES FINANCIAL CONTRIBUTIONS TO CALIFORNIA CREDIT UNION LEAGUE PAC TO SUPPORT CREDIT UNION ISSUES. |
| IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I-A, LINE 1: |
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| IRS990ScheduleD/FootnoteTextInd | 0 | X |
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| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 0 | AVAILABLE FOR SALE SECURITIES |
| IRS990ScheduleD/OtherSecuritiesGrp/Desc | 1 | HELD-TO-MATURITY DEBT SECURITIES |
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