2024-10-25T12:08:41-05:00 2023-12-31 810987947 HAUSER JONES & SAS PLLC 10940 NE 33RD PLACE SUITE 100 BELLEVUE WA 98004 990 2023-01-01 936027729 VALLEY CREDIT UNION VALL 5035896200 2096 MISSION ST SE SALEM OR 97302 PAT FORCE CEO 7012551091 2024-10-23 1 0 LINDSEY SAS CPA P01620141 4258891778 2024-10-23 2023 2024-10-15 13:58:12Z PAT FORCE 2096 MISSION ST SE SALEM OR 97302 6561737 0 X N/A X 1957 OR TO PROVIDE EXCEPTIONAL SERVICE AND PRODUCTS THAT INCLUDES GREAT RATES AND LOW FEES FOR OUR MEMBERS. 7 7 20 11 38937 23938 0 0 4539124 6196782 362616 364955 0 0 4901740 6561737 13918 26127 48230 61484 1635001 1816653 0 0 0 2449265 3850032 4146414 5754296 755326 807441 101149265 109481799 89415082 96778291 11734183 12703508 SERVING FOR YOUR SUCCESS 0 0 PROVIDE LOW COST LOANS TO MEMBERS USING FUNDS ON DEPOSIT. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4452 0 1 20 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 0 0 0 0 0 0 1 1 0 0 X PAT FORCE 5035896200 2096 MISSION STREET SE SALEM OR 97302 ROB KANSKY CHAIRMAN 1.00 X X 0 0 0 TYLER CLARK VICE CHAIRMAN 1.00 X X 0 0 0 DENNY NIELSEN DIRECTOR 1.00 X 0 0 0 MARILYN BACON DIRECTOR 1.00 X 0 0 0 PATRICK VANCE DIRECTOR 1.00 X 0 0 0 EARLENE NAYLOR DIRECTOR 1.00 X 0 0 0 MICKY FROST DIRECTOR 1.00 X 0 0 0 PAT FORCE CEO 40.00 X 235871 0 23887 JUSTIN ROBERTS VP OF LENDING 40.00 X 153184 0 32121 JAKE TURPIN VP OF MEMBER SERVICES 40.00 X 114959 0 31414 KATIE CLARK SECRETARY 40.00 X 98903 0 18721 602917 0 106143 3 0 1 0 0 LOAN INTEREST INCOME 522100 5103555 5116202 -12647 FEE INCOME 522291 893336 885953 7383 OTHER MEMBER FEES 522100 199891 179714 20177 6196782 364943 24024 340919 12 0 12 12 12 6561737 6181881 38937 340919 26127 61484 602917 730591 367412 115733 19883 26500 103686 115777 961539 68250 123051 73873 6995 190320 49926 DIVIDEND EXPENSE 1125262 PROVISION FOR LOAN LOSS 710186 LOAN SERVICING 182929 MISCELLANEOUS EXPENSE 83104 8751 5754296 1477512 3232613 5242000 4494000 639435 659278 78783905 85851174 248657 294541 3124697 1323178 1818638 1801519 11406411 11473376 763053 777870 769654 897428 101149265 109481799 1164917 695268 5750222 3545067 82499943 92537956 89415082 96778291 X 0 0 0 0 11734183 12703508 11734183 12703508 101149265 109481799 807441 161884 0 X X 0 1 X 1 0 419523 419523 1980125 765695 1214430 222718 222716 2 502331 334767 167564 1801519 US SECURITIES 11104661 F CORPORATE AMERICA CU 148415 C FHLB STOCK 220300 C 11473376 MEMBER SHARES 47117193 MONEY MARKET SHARES 15989445 TIME DEPOSITS 29431318 92537956 6561725 0 6561725 12 12 6561737 5754296 0 5754296 0 5754296 PART XI, LINE 4B - OTHER ADJUSTMENTS: GAIN ON SALES OF ASSETS 12. 0 SALEM HEALTH FOUNDATION 890 OAK STREET SALEM OR 97301 237002687 501(C)(3) 10150 0 VARIOUS OF DONATIONS 1 0 X X 0 0 0 PAT FORCE CEO 206353 0 29518 0 0 0 0 0 23887 0 259758 0 0 0 JUSTIN ROBERTS VP OF LENDING 138320 0 14864 0 0 0 0 0 32121 0 185305 0 0 0 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. FORM 990, PART XII, 2C THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.