Nonprofit · EIN 94-1384575
CREDIT UNIONS IN THE STATE OF CALIFORNIA
Also known as VALLEY OAK CREDIT UNION
Tax-exempt · THREE RIVERS, CA 93271
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,529,782 | $4,356,445 | $173,337 | $82,702,613 | $77,194,637 | $5,507,976 |
| December 31, 2024 | 990 | $4,101,428 | $4,283,435 | -$182,007 | $78,163,678 | $72,925,398 | $5,238,280 |
| December 31, 2023 | 990 | $3,793,173 | $3,623,070 | $170,103 | $78,284,383 | $72,942,694 | $5,341,689 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $3,210,398
- Investment income
- $426,470
- Net rental income
- -$5,601
- Other revenue
- $892,914
Expenses
- Grants and similar amounts paid
- $0
- Benefits paid to members
- $768,050
- Compensation of officers, directors and key employees
- $268,914
- Other salaries and wages
- $1,098,906
- Salaries, compensation and benefits (total)
- $1,367,820
- Professional fundraising fees
- $0
- Occupancy
- $384,533
- Travel
- $49,842
Balance sheet and other
- Total assets, start of year
- $78,163,678
- Total assets, end of year
- $82,702,613
- Total liabilities, end of year
- $77,194,637
- Net assets, end of year
- $5,507,976
- Land, buildings and equipment
- $10,788,040
- Gross unrelated business income
- $15,241
- Gross receipts
- $4,617,535
- Employees
- 23
- Volunteers
- 7
- Year formed
- 1944
- State of legal domicile
- CA
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alan Cortum | CEO Officer | 40 | $168,956 |
| Kiersten Vaughn | VP Officer | 40 | $99,958 |
| Jacob Gunning | Committee Membe Trustee or director | 1 | $0 |
| Randy Jordan | Director Trustee or director | 1 | $0 |
| Mike Gunning | Director Trustee or director | 1 | $0 |
| Melissa Mertz | Director Trustee or director | 1 | $0 |
| Sandra Stryd | Chairperson Trustee or director | 1 | $0 |
| Arthur Ogawa | Secretary Trustee or director | 1 | $0 |
| Phillip Holbdy | Director Trustee or director | 1 | $0 |
| Gunnar Shelton | Director Trustee or director | 1 | $0 |
| John Bauer | Commitee Member Trustee or director | 1 | $0 |
| Steve Wood | Committee Membe Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alan Cortum | CEO Officer | 40 | $147,269 |
| Kiersten Vaughn | VP Officer | 40 | $94,605 |
| Rebecca Schmidt | CFO Officer | 27 | $84,000 |
| Randy Jordan | Director Trustee or director | 1 | $0 |
| Mike Gunning | Director Trustee or director | 1 | $0 |
| Melissa Mertz | Director Trustee or director | 1 | $0 |
| Sandra Stryd | Chairperson Trustee or director | 1 | $0 |
| Arthur Ogawa | Secretary Trustee or director | 1 | $0 |
| Phillip Holbdy | Director Trustee or director | 1 | $0 |
| Gunnar Shelton | Director Trustee or director | 1 | $0 |
| Jacob Gunning | SC Member Trustee or director | 1 | $0 |
| John P Bauer | SC Member Trustee or director | 1 | $0 |
| Steve Wood | SC Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alan Cortum | CEO Officer | 40 | $147,960 |
| Rebecca Schmidt | CFO Officer | 27 | $105,000 |
| Kiersten Vaughn | VP Officer | 40 | $86,449 |
| Randy Jordan | Director Trustee or director | 1 | $0 |
| Mike Gunning | Director Trustee or director | 1 | $0 |
| Melissa Mertz | Director Trustee or director | 1 | $0 |
| Sandra Stryd | Chairperson Trustee or director | 1 | $0 |
| Arthur Ogawa | Secretary Trustee or director | 1 | $0 |
| Phillip Holbdy | Director Trustee or director | 1 | $0 |
| Gunnar Shelton | Director Trustee or director | 1 | $0 |
| Jacob Gunning | SC Member Trustee or director | 1 | $0 |
| John P Bauer | SC Member Trustee or director | 1 | $0 |
| Steve Wood | SC Member Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 40870 SIERRA DR, THREE RIVERS, CA 93271-9696
- In care of
- % REBECCA SCHMIDT
- Principal officer (990 for 2025)
- Rebecca Schmidt
- Signed the 990
- Shari Weber, Dir Fin Services
- Phone
- (559) 561-1420
- Website
- www.valleyoak.org
- Return prepared by
- RICHARDS & ASSOCIATES
California records
California keeps its own records of charities and corporations. Search them by EIN 94-1384575 or by the name CREDIT UNIONS IN THE STATE OF CALIFORNIA.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- Provided deposit and loan accounts to 5,976 members. Provided low cost source of credit and low cost financial services to our members. Provided source for member savings and checking account needs.
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 | 990 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
- 94-1384575
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $82,702,613
- Income (IRS master file)
- $4,617,535
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,529,782 | $4,356,445 | $82,702,613 | IRS |
| 990 | December 2024 | $4,101,428 | $4,283,435 | $78,163,678 | IRS |
| 990 | December 2023 | $3,793,173 | $3,623,070 | $78,284,383 | XML |
| 990 | December 2022 | $3,336,376 | $2,527,554 | $76,265,916 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 94-1384575).
Questions about CREDIT UNIONS IN THE STATE OF CALIFORNIA
- What is the EIN of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF CALIFORNIA is 94-1384575.
- Is CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to CREDIT UNIONS IN THE STATE OF CALIFORNIA tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF CALIFORNIA 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 CREDIT UNIONS IN THE STATE OF CALIFORNIA due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS IN THE STATE OF CALIFORNIA last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2025 names Rebecca Schmidt.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF CALIFORNIA?
- The 990 for the year ended December 31, 2025 lists 12 people; 2 received compensation from the organization, the highest $168,956 (Alan Cortum, CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF CALIFORNIA have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,529,782, expenses of $4,356,445 and total assets of $82,702,613 at year end.
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