2024-11-15T15:23:21-08:00 2023-12-31 RICHARDS & ASSOCIATES 21520 YORBA LINDA BLVD G-516 YORBA LINDA CA 92887 990 2023-01-01 941384575 Valley Oak Credit Union VALL 5595611420 40870 Sierra Drive Three Rivers CA 93271 Rebecca Schmidt CFO 2024-11-15 true true Richards Associates CPAs P01070543 7142876713 2023 2024-10-15 13:58:12Z Rebecca Schmidt 40870 Sierra Drive Three Rivers CA 93271 3793173 false X www.valleyoak.org X 1944 CA Provided deposit and loan accounts to 6,021 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs. 7 7 22 7 0 0 2203386 2769816 133099 119918 999891 903439 3336376 3793173 0 44655 320449 646308 1279161 0 0 1836591 2023460 2527554 3623070 808822 170103 76265916 78284383 70981119 72942694 5284797 5341689 Provided deposit and loan accounts to 6,021 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs. false false Provided deposit and loan accounts to 6,021 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs. false false false false false false false false false true false true false true false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true 845 0 true 22 true false false false false false false false false X 7 7 true false false false true true true true true false true true false false true true true true false X X Rebecca Schmidt 5595611420 40870 Sierra Drive Three Rivers CA 93271 Alan Cortum CEO 40.00 0.00 X 147960 0 0 Rebecca Schmidt CFO 27.00 0.00 X 105000 0 0 Kiersten Vaughn VP 40.00 0.00 X 86449 0 0 Randy Jordan Director 1.00 0.00 X 0 0 0 Mike Gunning Director 1.00 0.00 X 0 0 0 Melissa Mertz Director 1.00 0.00 X 0 0 0 Sandra Stryd Chairperson 1.00 0.00 X 0 0 0 Arthur Ogawa Secretary 1.00 0.00 X 0 0 0 Phillip Holbdy Director 1.00 0.00 X 0 0 0 Gunnar Shelton Director 1.00 0.00 X 0 0 0 Jacob Gunning SC Member 1.00 0.00 X 0 0 0 John P Bauer SC Member 1.00 0.00 X 0 0 0 Steve Wood SC Member 1.00 0.00 X 0 0 0 339409 2 false false false 0 0 Interest on Loans 522291 2769816 2769816 2769816 119918 119918 0 0 80640 80640 80640 80640 0 0 0 0 Fee Income 522100 330559 330559 Other Non-Interest Income 80640 80640 Other Operating Income 522100 429500 429500 -17900 -17900 822799 3793173 3793173 X 0 0 0 320449 339409 0 939752 0 0 0 0 0 0 0 0 0 574246 166414 327216 0 0 383581 37014 0 0 0 0 0 0 Loan Servicing Fees 247562 Provision for Loan Loss 239121 Misc. Non Interest Expense 36116 Operating Fees 12190 0 3623070 0 0 0 1976376 2333580 745024 -234881 0 0 23806 43283 0 53409083 57646430 0 0 8726923 1600287 5418318 7126636 0 0 12719268 9895787 0 1974041 1473548 76265916 78284383 811127 751941 5256904 70169992 66933849 70981119 72942694 X 5284797 5341689 5284797 5341689 76265916 78284383 X 170103 -248837 135626 X false true X true false 1645561 1645561 6232275 1021446 5210829 849087 578841 270246 7126636 9895787 Money Market Shares 10309631 Regular Shares 29686417 Share Certificates 11268514 Share Drafts 15669287 66933849 Gunnar Shelton Director Vehicle X 36184 11976 false true true Randy Jordan Director Vehicle X 43983 31125 false true true Randy Jordan Director Visa X 20000 92 false true true Kiersten Vaughan Vice Presid Visa X 18000 90 false false false 43283 Form 990, Part VI, Section A, Line 6 Membership is open to all persons who reside in Tulare and Madera Counties as well as those who work for the Select Employee Groups within these two counties. Form 990, Part VI, Section A, Line 7a ELECTIONS FOR THE BOARD OF DIRECTORS ARE HELD AT THE ANNUAL MEETING OF THEMEMBERSHIP. Form 990, Part VI, Section B, Line 11b THE BOARD OF DIRECTORS ARE NOTIFIED THAT THE 990 HAS BEEN FILED WITH THE IRS ANDCAN REQUEST A COPY. A THIRD PARTY PREPARES THE 990 TAX RETURN WHICH IS THEN REVIEWED BY THE CFO BEFORE BEING FILED WITH THE IRS. Form 990, Part VI, Section B, Line 15b OTHER KEY EMPLOYEES ARE EVALUATED BY THE CEO ANNUALLY AND COMPENSATION ISDETERMINED BY REVIEWING INDUSTRY SPECIFIC STUDIES AND INTERNAL PERFORMANCE FACTORS. Form 990, Part VI, Section C, Line 19 CURRENT MONTH FINANCIAL STATEMENTS ARE POSTED AT EACH BRANCH LOCATION AND AREAVAILABLE FOR MEMBER'S REVIEW. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST. Form 990, Part XI, Line 9 Increase in accumulated unrealized gain = $135628 Form 990, Part XI, Line 9 Rounding adjustment = -$2