Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
36 people listed on the 990; $3.6M paid to officers and key staff.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Michael Warrell | $531,542 | $566,198 | $324,895 | $74,642 | — |
| Delbert Lee Morgan | — | — | — | $144,976 | $392,737 |
| Kevin B Laine | $303,426 | $315,451 | $203,479 | $92,755 | $102,712 |
| Mendy Shaffer | $6,000 | $274,679 | $175,517 | $92,781 | $101,892 |
| Linwood Windley | $271,452 | $88,013 | — | — | — |
| Robert Sparrow | $238,823 | $265,895 | $197,910 | $102,654 | $111,979 |
| Justin Barnes | $224,427 | $251,162 | $192,829 | $126,353 | $145,914 |
| Misty Reed | $218,361 | $244,495 | $33,137 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Returns excess earnings to members through better rates and lower fees.
Questions for Valleystar Credit Union
Your first name shows with your question. Valleystar Credit Union answers here, for everyone.
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Program service accomplishments include less expensive loan products relative to other financial institutions, higher deposit account rates, lower fees, strong community involvement by volunteers and employees, and financial education.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $22.3M | $11.3M |
| InvestmentsLn 11–13 | $82.3M | $90.4M |
| Land, buildings, equipmentLn 10c | $25.2M | $23.3M |
| Total assetsLn 16 | $657.6M | $585.3M |
| LiabilitiesLn 26 | $606.1M | $540.7M |
| Net assetsLn 32 | $51.5M | $44.6M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $3.6M | |||
| Other salaries and wagesLn 7 | $7.8M | |||
| Pension plan contributionsLn 8 | $1.3M | |||
| Other employee benefitsLn 9 | $2.5M | |||
| Payroll taxesLn 10 | $824K | |||
| Legal feesLn 11b | $219K | |||
| Accounting feesLn 11c | $360K | |||
| Other fees for servicesLn 11g | $462K | |||
| Advertising and promotionLn 12 | $571K | |||
| Office expensesLn 13 | $464K | |||
| OccupancyLn 16 | $961K | |||
| TravelLn 17 | $65K | |||
| InterestLn 20 | $9.5M | |||
| Depreciation, depletion and amortizationLn 22 | $1.6M | |||
| InsuranceLn 23 | $97K | |||
| Other expenses (24a–d)Ln 24 | $14.7M | |||
| All other expensesLn 24e | $2.5M | |||
| Total functional expensesLn 25 | $47.5M |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $40.6M | $47.5M | −$6.9M | $44.6M | 990 PDF |
| FY2023 | $44.7M | $43.1M | $1.6M | $51.5M | 990 PDF |
| FY2022 | $35.7M | $32.4M | $3.3M | $50.5M | 990 PDF |
| FY2021 | $29.1M | $26.2M | $3.0M | $61.8M | 990 PDF |
| FY2020 | $27.2M | $26.2M | $1.1M | $62.4M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $40,598,985 revenue, 12 lines filed
Part VI · Governance 9 of 9 board members independent, 2 to look at
Part VIII · Statement of revenue $40,598,985 across 5 lines filed
Part IX · Statement of functional expenses $47,527,295 across 17 lines filed
Part X · Balance sheet $585,256,924 assets, 11 lines filed
Part XI · Reconciliation of net assets $44,596,298 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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