Nonprofit · EIN 81-0247124
VALLEY FINANCIAL CREDIT UNION
Also known as DBA VALLEY CREDIT UNION
Tax-exempt · BILLINGS, MT 59104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $32,952,579 | $27,833,236 | $5,119,343 | $511,119,447 | $453,409,515 | $57,709,932 |
| December 31, 2023 | 990 | $25,980,550 | $21,228,536 | $4,752,014 | $442,285,909 | $389,695,320 | $52,590,589 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $30,011,394
- Investment income
- $2,638,213
- Net rental income
- -$253,003
- Net gain from sales of assets
- -$26,406
- Other revenue
- $302,972
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $6,955,968
- Compensation of officers, directors and key employees
- $638,822
- Other salaries and wages
- $7,480,573
- Salaries, compensation and benefits (total)
- $9,914,956
- Professional fundraising fees
- $0
- Legal fees
- $32,350
- Accounting fees
- $85,857
- Occupancy
- $596,020
- Travel
- $21,413
- Depreciation
- $807,026
Balance sheet and other
- Total assets, start of year
- $442,285,909
- Total assets, end of year
- $511,119,447
- Total liabilities, end of year
- $453,409,515
- Net assets, end of year
- $57,709,932
- Land, buildings and equipment
- $15,916,665
- Publicly traded securities
- $28,501,544
- Gross unrelated business income
- $66,629
- Gross receipts
- $33,668,426
- Employees
- 155
- Volunteers
- 15
- Year formed
- 1949
- State of legal domicile
- MT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CASEY KLEIN | CHIEF EXECUTIVE OFFICER Officer | 40 | $387,291 | $44,863 |
| ALAN VOGT | SR VP COMMERCIAL SERVICES Key employee | 40 | $185,169 | $27,590 |
| SCOTT KANNING | CHIEF FINANCIAL OFFICER Officer | 40 | $185,386 | $21,281 |
| JESSICA HAYNES | MORTGAGE LOAN ORIGINATOR Key employee | 40 | $189,620 | $11,938 |
| CHRISTOPHER LORASH | SR VP OF MORTGAGE AND CONS Key employee | 40 | $171,163 | $11,256 |
| KINDRA MCMULLIN | CHIEF OPERATIONS OFFICER Highest-paid employee | 40 | $143,936 | $20,786 |
| JOSEPH OLIVO | VP OF MEMBER EXPERIENCE Highest-paid employee | 40 | $135,046 | $20,159 |
| JACQUELINE HELMAN | MORTGAGE LOAN ORIGINATOR Highest-paid employee | 40 | $134,685 | $17,474 |
| DEBY MURCH | VP OF HR/ADMIN Highest-paid employee | 40 | $120,661 | $21,156 |
| BRANDON SCALA | SR VP OF BUSINESS DEVELOPM Highest-paid employee | 40 | $120,857 | $8,329 |
| REG GIBBS | BOARD CHAIRPERSON-OUTGOING Trustee or director, Officer | 1 | $0 | $0 |
| WES OJA | VICE CHAIRMAN/CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| ANN ADAIR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JORDAN FRICKLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GABRIEL BRIANO | DIRECTOR/INCOMING BOARD CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LISA HUERTAS | DIRECTOR Trustee or director | 1 | $0 |
| BRAD NEILSON | DIRECTOR Trustee or director | 1 | $0 |
| ZAC ROHRER | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CASEY KLEIN | CHIEF EXECUTIVE OFFICER Officer | 40 | $334,601 | $38,276 |
| SCOTT KANNING | CHIEF FINANCIAL OFFICER Officer | 40 | $171,413 | $18,863 |
| CINDY ROESLER | CHIEF RISK OFFICER Highest-paid employee | 40 | $149,670 | $21,732 |
| KINDRA MCMULLIN | CHIEF OPERATIONS OFFICER Highest-paid employee | 40 | $136,972 | $19,865 |
| ALAN VOGT | SR VP COMMERCIAL SERVICES Highest-paid employee | 40 | $131,990 | $10,452 |
| BRANDON SCALA | SR VP OF BUSINESS DEVELOPMENT Highest-paid employee | 40 | $117,552 | $6,922 |
| CHRISTOPHER LORASH | SR VP OF MORTGAGE AND CONSUMER LENDING Highest-paid employee | 40 | $116,448 | $4,374 |
| REG GIBBS | BOARD CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| WES OJA | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANN ADAIR | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JORDAN FRICKLE | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| CHUCK SOMMERS | OUTGOING TREASURER/EMERITUS Trustee or director, Officer | 1 | $0 | $0 |
| GABRIEL BRIANO | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KYLE BRUCKER | DIRECTOR - OUTGOING Trustee or director | 1 | $0 | $0 |
| LISA HUERTAS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 20417, BILLINGS, MT 59104-0417
- Principal officer (990 for 2024)
- CASEY KLEIN, PO BOX 20417, BILLINGS, MT 59104
- Signed the 990
- SCOTT KANNING, CHIEF FINANCIAL OFFICER
- Phone
- (406) 655-5053
- Website
- HTTP://WWW.VALLEYFCU.COM/
- Return prepared by
- JUNKERMIERCLARKCAMPANELLASTEVENSPC
Mission
BUILDING RELATIONSHIPS WITH PEOPLE IN OUR COMMUNITIES AND UNITING WITH THEM TO ACHIEVE THEIR DREAMS.
Program accomplishments
- VALLEY FINANCIAL CREDIT UNION PROVIDES ITS 37,311 MEMBERS WITH TOP-NOTCH FINANCIAL SERVICES WITH PERSONALIZED, ACCOMODATING SERVICE. VALLEY FINANCIAL CREDIT UNION OFFERS MEMBERS PERSONAL CHECKING AND SAVINGS ACCOUNTS; BUSINESS ACCOUNTS; CREDIT AND DEBIT CARDS; IRAS; PERSONAL, BUSINESS, VEHICLE, AND HOME LOANS; AND OVERDRAFT PROTECTION. ADDITIONAL SERVICES INCLUDE MUTUAL, MEMBERSHIP BENEFIT PROGRAMS, FINANCIAL EDUCATION, NEWSLETTERS, DEPOSIT AND LOAN INSURANCE PROTECTION, AND CONSUMER INFORMATION.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0247124
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $511,119,447
- Income (IRS master file)
- $33,668,426
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $32,952,579 | $27,833,236 | $511,119,447 | XML |
| 990 | December 2023 | $25,980,550 | $21,228,536 | $442,285,909 | XML |
| 990 | December 2022 | $21,078,059 | $16,871,815 | $424,964,584 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0247124).
Questions about VALLEY FINANCIAL CREDIT UNION
- What is the EIN of VALLEY FINANCIAL CREDIT UNION?
- The employer identification number (EIN) of VALLEY FINANCIAL CREDIT UNION is 81-0247124.
- Is VALLEY FINANCIAL CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2018.
- Are donations to VALLEY FINANCIAL CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VALLEY FINANCIAL CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALLEY FINANCIAL CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY FINANCIAL CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VALLEY FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 names CASEY KLEIN.
- Who are the officers and directors of VALLEY FINANCIAL CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 18 people; 10 received compensation from the organization, the highest $387,291 (CASEY KLEIN, CHIEF EXECUTIVE OFFICER).
- How much revenue does VALLEY FINANCIAL CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $32,952,579, expenses of $27,833,236 and total assets of $511,119,447 at year end.
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