Valley Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 630421601 ✦ Tuscumbia, AL ✦ Designated as a 501(c)(14)

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Overview

What is Valley Credit Union?

Valley Credit Union is a nonprofit financial institution situated in Tusculum, Alabama, specifically at PO Box 388. Their primary objective is to serve their approximately 5,670 members by offering a range of financial services, including loans and savings plans. To achieve this, they employ a team of 37 individuals, ensuring they can cater to their members' diverse financial needs effectively. The credit union's activities are centered around providing financial assistance, contributing to the financial well-being of its members within the community.


Official website here: www.valleycreditunion.net

Is Valley Credit Union legitimate?

Valley Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Valley Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $935,457

For more financial information, click here


Official website here: www.valleycreditunion.net

What is the mission statement of Valley Credit Union?

Valley Credit Union's mission is centered around providing financial services to its approximately 5,670 members. This includes offering loans, savings, and various other financial services. The primary goal of the credit union is to cater to its members' financial needs. While the provided data does not detail specific initiatives or additional aspects of their mission, it can be inferred that Valley Credit Union aims to support its members financially, contributing to their overall financial well-being.


Official website here: www.valleycreditunion.net

Who is the CEO of Valley Credit Union?

Dawn Truitt is the Ceo/Sec/Trea of Valley Credit Union. The CEO's salary of Valley Credit Union is $166,021 and their total compensation is $201,796.


Official website here: www.valleycreditunion.net

What is the revenue of Valley Credit Union?

Valley Credit Union's revenue in 2022 was $3,328,227.


Official website here: www.valleycreditunion.net

Who are the executives of Valley Credit Union and what are their salaries?

The average compensation at Valley Credit Union during 2022 was $25,283. There are 37 employees and 11 volunteers at Valley Credit Union.


Here are 12 key members and their salaries (Valley Credit Union's CEO's salary is $166,021 and their total compensation is $201,796):


Dawn Truitt (Ceo/Sec/Trea)
  • Compensation: $166,021
  • Related: $0
  • Other: $35,775
Dr John Landers (Board Mem)
  • Compensation: $0
  • Related: $0
  • Other: $0
Royce Massey (Board Presid)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandra H James (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Mullen (Board Vice P)
  • Compensation: $0
  • Related: $0
  • Other: $0
Otis Johnson (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Richard Gardner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Worley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Anthony Riley (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Larry Danley (Supv Comm Ch)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brittany Cobb (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Tim Morgan (Supervisory)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.valleycreditunion.net

Where can I find the form 990 for Valley Credit Union?

Valley Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.valleycreditunion.net

Learn more at the official website: www.valleycreditunion.net

Mission Statement of Valley Credit Union

Valley Credit Union, a financial institution, is dedicated to providing financial services to its approximately 5,670 members. Its mission is multifaceted, encompassing the provision of loans, savings, and various other financial services. The credit union strives to cater to the financial needs of its members, offering a range of loan services to support them financially.

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Impact




October, 2024

Valley Credit Union plays a significant role in the financial well-being of its community in Tuscumbia, Alabama, by offering a range of essential financial services to approximately 5,670 members. Through its diverse loan services, the credit union enables individuals and families to access funds for important needs, whether that be purchasing a home, financing education, or managing unexpected expenses. Additionally, Valley Credit Union promotes savings among its members, helping them build financial security and prepare for the future. By providing these services, Valley Credit Union fosters economic growth and stability within the community, ensuring that members have the financial tools they need to thrive.




This information is meant to be a general summary of Valley Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$3,328,227 (2022)
Expenses
$2,821,472 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $928,261
  • Program Service Revenue: $2,383,812
  • Gross Receipts: $3,328,227

Assets and Liabilities:

  • Total Assets: $96,274,453
  • Total Liabilities: $85,097,250
  • Net Assets: $11,177,203

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$1,593,101

FEE INCOME

Revenue

$790,711

Organization Details

Founding Year

1956

Principal Officer

Dawn Truitt

Main Address

P O BOX 388, TUSCUMBIA, AL, 35674

NTEE Category

Code: W60 - Public benefit

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