Nonprofit · EIN 95-1652797
VALLEY STRONG CREDIT UNION
Tax-exempt · BAKERSFIELD, CA 93311
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $263,698,848 | $233,387,885 | $30,310,963 | $3,916,563,936 | $3,598,601,030 | $317,962,906 |
| December 31, 2023 | 990 | $265,074,915 | $246,997,316 | $18,077,599 | $4,028,096,555 | $3,745,796,702 | $282,299,853 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $229,921,616
- Investment income
- $20,766,370
- Net gain from sales of assets
- -$611,798
- Other revenue
- $13,010,862
Expenses
- Grants and similar amounts paid
- $2,315,876
- Compensation of officers, directors and key employees
- $22,108,731
- Other salaries and wages
- $30,824,965
- Salaries, compensation and benefits (total)
- $66,130,219
- Professional fundraising fees
- $0
- Legal fees
- $2,577,067
- Accounting fees
- $152,825
- Occupancy
- $5,569,949
- Travel
- $2,149,838
- Depreciation
- $5,039,164
Balance sheet and other
- Total assets, start of year
- $4,028,096,555
- Total assets, end of year
- $3,916,563,936
- Total liabilities, end of year
- $3,598,601,030
- Net assets, end of year
- $317,962,906
- Land, buildings and equipment
- $93,724,393
- Publicly traded securities
- $452,653,165
- Gross unrelated business income
- $2,182,274
- Gross receipts
- $300,603,596
- Employees
- 696
- Volunteers
- 14
- Year formed
- 1938
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL P DUFFY RETIRED | EVP/CHIEF ADVOCACY OFFICER Former | 0 | $4,465,260 | $83,960 |
| NORA M STROH RETIRED | LEGACY AMBASSADOR Former | 0 | $1,601,812 | $62,807 |
| STEVEN G LEIGA RETIRED | VP OF ACCOUNTING Former | 0 | $1,565,315 | $83,960 |
| NICHOLAS AMBROSINI | PRESIDENT/CEO Officer | 40 | $1,475,711 | $84,136 |
| FRANK XIAODONG FENG | LICENSED FINANCIAL ADVISOR Highest-paid employee | 40 | $1,005,110 | $9,588 |
| MIRELLA ELIZABETH REZNIC | EVP/CHIEF STRATEGY OFFICER Officer | 40 | $958,430 | $52,577 |
| STEVEN MATEJKA | EVP/CHIEF OPERATING OFFICER Officer | 40 | $908,495 | $52,830 |
| ERIN RICKELLE ESTELLE | SVP/CHIEF MARKETING OFFICER Officer | 40 | $538,738 | $76,003 |
| STEPHEN C ROACH RETIRED | SVP/CHIEF DIGITAL OFFICER Former | 0 | $525,276 | $74,676 |
| LINDSAY REYES | SVP/CFO Officer | 40 | $508,591 | $82,451 |
| CHARLES ALLEN SMITH | SVP/CHIEF LENDING OFFICER Officer | 40 | $543,802 | $40,140 |
| DEANNA L BLAISE | SVP/CHIEF BUSINESS OFFICER Officer | 40 | $508,047 | $75,582 |
| LINDSEY A BALUKOFF STRANGE | SVP/CHIEF RETAIL OFFICER Officer | 40 | $528,421 | $9,186 |
| JAMES B HUSSEY | VP OF WEALTH MANAGEMENT Key employee | 40 | $437,969 | $83,053 |
| MARK MANNS | SVP/CHIEF HUMAN RESOURCES Officer | 40 | $448,988 | $46,893 |
38 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NIKI MYRTO KOIMTZOGLOU | SVP/CHIEF COMPLIANCE OFFICER Officer | 40 | $346,621 | $84,306 |
| BRIAN GRANT REYNOLDS | VP OF REAL ESTATE LENDING Key employee | 40 | $406,965 | $18,623 |
| KEVIN MICHAEL LANGE | VP OF FINANCE AND CAPITAL MARKETS Key employee | 40 | $335,655 | $77,539 |
| JOSHUA ALLEN FETTING | VP OF CONSUMER LENDING Key employee | 40 | $312,280 | $54,960 |
| CHRISTOPHER C TRIVERS | VP SALESFORCE ENTERPRISE Key employee | 40 | $285,710 | $80,543 |
| CHEI WHITMORE | MARKET PRESIDENT Key employee | 40 | $264,626 | $75,452 |
| KATHLEEN JULIA KELLY | MARKET PRESIDENT Key employee | 40 | $259,391 | $51,348 |
| EDWARD KEELIN JR | IT GOVERNANCE MANAGER Highest-paid employee | 40 | $300,279 | $6,332 |
| BRIDGET LYNN JOHNSON | MARKET PRESIDENT Key employee | 40 | $236,221 | $63,153 |
| VANESSA L HUDSON | DIRECTOR OF BUSINESS LENDI Key employee | 40 | $216,537 | $72,294 |
| SHIRA B SPECTOR | VP OF BUSINESS STRATEGY & INSIGHT Key employee | 40 | $271,480 | $16,185 |
| RICHARD NEAL SAZAMA | VP OF FACILITIES AND CAPITAL PROJECTS Key employee | 40 | $275,274 | $9,780 |
| NILENDU SAHA | SVP/CHIEF TECH OFFICER Officer | 40 | $260,100 | $16,705 |
| RICHARD RAMOS | LICENSED FINANCIAL ADVISOR Highest-paid employee | 40 | $267,423 | $9,304 |
| ERIC STEINBACK | SENIOR BUSINESS BANKING OF Highest-paid employee | 40 | $230,086 | $22,725 |
| KYLE DUEY | DIRECTOR OF CONSUMER LENDING SALES AND SERVIC Key employee | 40 | $234,887 | $11,831 |
| STACY PHELPS | VP OF ACCOUNTING Key employee | 40 | $225,500 | $13,911 |
| MARIA L TRANCOSO | SENIOR BUSINESS BANKING OFFICER Highest-paid employee | 40 | $226,270 | $10,656 |
| NISHANT JAIN | VP OF ENGINEERING Key employee | 40 | $183,000 | $44,379 |
| KEVIN LEE EMPERGER-LANDEL | SVP/CHIEF TECH OFFICER Officer | 40 | $188,723 | $35,880 |
| CHRISTOPHER J MCGOWN | DIRECTOR OF FACILITIES Key employee | 40 | $187,305 | $31,298 |
| MARICRUZ RAINEY | DIRECTOR OF COMPLIANCE Key employee | 40 | $181,681 | $31,396 |
| SUSAN MAYS | HEAD OF RETAIL OPERATIONS Key employee | 40 | $180,521 | $27,102 |
| CHRISTINA ANN TRAYERS | VP OF PRODUCT AND DIGITAL SOLUTIONS Key employee | 40 | $194,085 | $9,525 |
| DR BRYON SCHAEFER | 1ST VICE CHAIRMAN Trustee or director | 3 | $6,142 | $0 |
| RAMON HENDRIX | SUPV CMTE MEMBER Trustee or director | 2 | $3,525 | $0 |
| VALENCIA JONES | 2ND VICE CHAIRMAN Trustee or director | 3 | $2,208 | $0 |
| TENIELLE TENSLEY | SUPV CMTE MEMBER Trustee or director | 2 | $1,862 | $0 |
| MARK MORENO | BOARD MEMBER Trustee or director | 2 | $1,626 | $0 |
| DENNIS SCOTT | TREASURER Trustee or director | 3 | $1,165 | $0 |
| JOANNE MILLS | BOARD MEMBER Trustee or director | 2 | $810 | $0 |
| TROY FRINGER | SUPV CMTE CHAIR Trustee or director | 3 | $808 | $0 |
| DR S WILLIAM BRUCE | BOARD CHAIRPERSON Trustee or director | 3 | $0 | $0 |
| MARILYN JONES | SECRETARY Trustee or director | 3 | $0 | $0 |
| JOE DREW | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MIKE KILEEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARL BA LANGE III | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR LARRY REIDER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 53 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| NORA M STROH RETIRED | LEGACY AMBASSADOR Key employee | 40 | $1,606,131 | $56,529 |
| NICHOLAS AMBROSINI | PRESIDENT/CEO Officer | 40 | $1,368,064 | $74,311 |
| STEVEN G LEIGA RETIRED | VP OF ACCOUNTING Key employee | 40 | $1,219,538 | $90,499 |
| MICHAEL P DUFFY RETIRED | EVP/CHIEF ADVOCACY OFFICER Officer | 40 | $925,280 | $95,707 |
| STEVEN MATEJKA | EVP/COO Officer | 40 | $829,791 | $63,849 |
| FRANK XIAODONG FENG | FINANCIAL SERVICES PROFESSIONAL Highest-paid employee | 40 | $857,990 | $6,776 |
| MIRELLA ELIZABETH REZNIC | EVP/CHIEF STRATEGY OFFICER Officer | 40 | $712,359 | $63,665 |
| CHARLES ALLEN SMITH | SVP/CHIEF LENDING OFFICER Officer | 40 | $531,522 | $37,994 |
| DEANNA L BLAISE | SVP OF MEMBER BUSINESS SERVICES Officer | 40 | $465,947 | $72,050 |
| ERIN RICKELLE ESTELLE | SVP/CHIEF MARKETING OFFICER Officer | 40 | $464,973 | $71,748 |
| LINDSEY A BALUKOFF STRANGE | SVP/CHIEF RETAIL OFFICER Officer | 40 | $518,010 | $9,116 |
| MARK MANNS | SVP/CHIEF HUMAN RESOURCES OFFICER Officer | 40 | $459,674 | $38,049 |
| LINDSAY REYES | SVP/CFO Officer | 40 | $440,277 | $54,847 |
| JAMES B HUSSEY | VP OF WEALTH MANAGEMENT Key employee | 40 | $397,749 | $78,138 |
| KEVIN MCCLOSKEY | DIRECTOR OF IT DEVELOPMENT Key employee | 40 | $392,106 | $73,615 |
| BRIAN GRANT REYNOLDS | VP OF REAL ESTATE LENDING Key employee | 40 | $381,039 | $65,602 |
| STEPHEN C ROACH RETIRED | SVP/CHIEF DIGITAL OFFICER Officer | 40 | $309,371 | $70,882 |
| JOSHUA ALLEN FETTING | VP OF CONSUMER LENDING Key employee | 40 | $294,372 | $51,715 |
| NIKI MYRTO KOIMTZOGLOU | SVP/CHIEF COMPLIANCE OFFICER Officer | 40 | $334,586 | $10,591 |
| CHEI WHITMORE | MARKET PRESIDENT Key employee | 40 | $246,631 | $70,525 |
| KEVIN MICHAEL LANGE | DIRECTOR OF CAPITAL MARKETS Key employee | 40 | $220,986 | $71,919 |
| KATHLEEN JULIA KELLY | MARKET PRESIDENT Key employee | 40 | $230,923 | $45,945 |
| BRIDGET LYNN JOHNSON | MARKET PRESIDENT Key employee | 40 | $226,925 | $47,050 |
| CHRISTOPHER C TRIVERS | VP SALESFORCE ENTERPRISE Key employee | 40 | $208,639 | $63,912 |
| RICHARD NEAL SAZAMA | HEAD OF FACILITIES & CAPITAL PROJECTS Key employee | 40 | $258,707 | $10,158 |
| ERIC STEINBACK | SENIOR BUSINESS BANKING OFFICER Highest-paid employee | 40 | $196,715 | $70,997 |
| SHONNA SHEARSON | SVP OF OPERATIONS Officer | 40 | $256,084 | $4,925 |
| VANESSA L HUDSON | DIRECTOR OF BUSINESS LENDING Key employee | 40 | $185,603 | $68,479 |
| SHIRA B SPECTOR | VP OF DATA OFFICE/ADVANCED ANALYTICS Key employee | 40 | $236,487 | $13,518 |
| AARON LEE WILLIAMSON | SENIOR BUSINESS BANKING OFFICER Highest-paid employee | 40 | $193,914 | $44,288 |
| RICHARD RAMOS | FINANCIAL SERVICES PROFESSIONAL Highest-paid employee | 40 | $225,985 | $11,723 |
| NISHANT JAIN | VP OF ENGINEERING Key employee | 40 | $184,699 | $47,653 |
| KEVIN LEE EMPERGER-LANDEL | SVP/CHIEF TECH OFFICER (RETIRED) Officer | 40 | $186,831 | $41,454 |
| MARIA L TRANCOSO | SENIOR BUSINESS BANKING OFFICER Highest-paid employee | 40 | $208,267 | $12,630 |
| STACY PHELPS | VP OF ACCOUNTING/CONTROLLER Key employee | 40 | $205,559 | $12,314 |
| SUSAN MAYS | HEAD OF RETAIL OPERATIONS Key employee | 40 | $190,806 | $25,736 |
| CHRISTOPHER J MCGOWN | DIRECTOR OF FACILITIES Key employee | 40 | $181,208 | $28,831 |
| JAKHARA TANDY | BSA DIRECTOR/OFFICER Key employee | 40 | $170,155 | $14,913 |
| AMIE J HALE | VP OF EPMO AND M&A Key employee | 40 | $174,239 | $9,416 |
| DR BRYON SCHAEFER | 1ST VICE CHAIRMAN Trustee or director | 3 | $2,876 | $0 |
| VALENCIA JONES | SECRETARY Trustee or director | 3 | $2,797 | $0 |
| TENIELLE TENSLEY | SUPV CMTE MEMBER Trustee or director | 2 | $2,773 | $0 |
| JOANNE MILLS | TREASURER Trustee or director | 3 | $2,181 | $0 |
| MARK MORENO | BOARD MEMBER Trustee or director | 2 | $2,166 | $0 |
| RAMON HENDRIX | SUPV CMTE MEMBER Trustee or director | 2 | $1,805 | $0 |
| DR DENNIS SCOTT | 2ND VICE CHAIRMAN Trustee or director | 3 | $1,366 | $0 |
| TROY FRINGER | SUPV CMTE CHAIR Trustee or director | 3 | $875 | $0 |
| JOE DREW | BOARD CHAIRMAN Trustee or director | 3 | $0 | $0 |
| DR S WILLIAM BRUCE | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| MARILYN JONES | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MIKE KILEEN | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CARL BA LANGE III | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DR LARRY REIDER | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 11500 BOLTHOUSE DR, BAKERSFIELD, CA 93311-8822
- In care of
- % ACCOUNTING
- Principal officer (990 for 2024)
- NICHOLAS AMBROSINI, 11500 BOLTHOUSE DRIVE, BAKERSFIELD, CA 93311
- Signed the 990
- LINDSAY REYES, SVP/CFO
- Phone
- (661) 833-7900
- Website
- WWW.VALLEYSTRONG.COM
- Return prepared by
- TURNER WARREN HWANG & CONRAD ACCTCY
California records
California keeps its own records of charities and corporations. Search them by EIN 95-1652797 or by the name VALLEY STRONG CREDIT UNION.
- 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
SEE SCHEDULE OVALLEY STRONG CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT RATES OF INTEREST SET BY THE BOARD OF DIRECTORS, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, VALLEY STRONG CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFITS, OR SERVICES OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
Program accomplishments
- 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. WE ARE HERE TO STAY AND GROW TOGETHER, AND HERE TO DISCOVER THE BEST FINANCIAL POSSIBILITIES FOR THE BEST POSSIBLE OUTCOMES. WE ARE ONE OF THE LARGEST CREDIT UNIONS HEADQUARTERED IN THE SAN JOAQUIN VALLEY AND NORTHERN CALIFORNIA WITH AN ASSET SIZE OF NEARLY $4 BILLION.MEMBERSHIP EDUCATION CONFERENCES: WE HAVE EXTENSIVE WORKSHOP/ONLINE SEMINAR PROGRAMS WITH TOPICS WHICH TYPICALLY ARE HELD IN THE VARIOUS MARKETS. TOPICS COVERED ARE AUTO AND HOME BUYING, RETIREMENT AND WEALTH MANAGEMENT, BUSINESS BANKING, CYBER SECURITY AND MEDICARE ASSISTANCE. ADDITIONALLY, WE HOLD FINANCIAL LITERACY CLASSES AT LOCAL SCHOOLS (K-12) AS WELL AS AREA COLLEGES AND COMMUNITY PARTNER LOCATIONS TO HELP INTRODUCE OUR YOUNG COMMUNITY MEMBERS WITH FINANCIAL KNOWLEDGE.
- 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.
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
- 95-1652797
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W61)
- Assets (IRS master file)
- $3,916,563,936
- Income (IRS master file)
- $300,603,596
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $263,698,848 | $233,387,885 | $3,916,563,936 | XML |
| 990 | December 2023 | $265,074,915 | $246,997,316 | $4,028,096,555 | XML |
| 990 | December 2022 | $194,067,226 | $177,414,551 | $4,187,947,178 | 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 95-1652797).
Questions about VALLEY STRONG CREDIT UNION
- What is the EIN of VALLEY STRONG CREDIT UNION?
- The employer identification number (EIN) of VALLEY STRONG CREDIT UNION is 95-1652797.
- Is VALLEY STRONG CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 2021.
- Are donations to VALLEY STRONG CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VALLEY STRONG 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 STRONG 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 STRONG 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 STRONG CREDIT UNION?
- The 990 for the year ended December 31, 2024 names NICHOLAS AMBROSINI.
- Who are the officers and directors of VALLEY STRONG CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 53 people; 47 received compensation from the organization, the highest $4,465,260 (MICHAEL P DUFFY RETIRED, EVP/CHIEF ADVOCACY OFFICER).
- How much revenue does VALLEY STRONG CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $263,698,848, expenses of $233,387,885 and total assets of $3,916,563,936 at year end.
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