Valley Strong Credit Union
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Promotes thrift and savings among its members while providing regulatory compliance assistance and updates to support credit union operations. For fiscal year 2024 it reported $263.7M in revenue, $233.4M in expenses, and $318.0M in net assets.Pt I
Summary of the Filing
Where the work happens
Valley strong credit union is a member-owned financial institution, with a mission to turn people's financial possibilities into financial realities. We work every day to create a better tomorrow for our children and families.
Ongoing Marketing Strategies
We have focused our marketing efforts on branding in our expansion markets which include checking offers, mortgage and auto loan options, business banking opportunities, and retirement and wealth management possibilities.
Communications/Legislative/Regulatory/Compliance
We keep members updated, providing all rules and regulations governing the credit union and compliance assistance.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Michael P Duffy Retired’s $4.5M as EVP/Chief Advocacy Officer is at the 95th percentile of top reported officer pay among 59 $100M+ public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Michael P Duffy Retired | $4,465,260 | $925,280 | — | — | — |
| Stephen P Renock IV Former | — | — | — | $3,246,433 | — |
| Stephen P Renock IV | — | — | — | — | $1,937,593 |
| Nora M Stroh Retired | $1,601,812 | $1,606,131 | — | — | — |
| Steven G Leiga Retired | $1,565,315 | $1,219,538 | — | — | — |
| Nicholas Ambrosini | $1,475,711 | $1,368,064 | $1,273,801 | $1,297,309 | $801,441 |
| Steven Matejka | $908,495 | $829,791 | $801,278 | $753,849 | $1,026,141 |
| Frank Xiaodong Feng | $1,005,110 | $857,990 | $751,614 | — | — |
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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Statement of Revenue
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Revenue growth | -1% | — | — |
| Legal fee ratio | 1% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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