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Valley Financial Credit Union

Valley Credit Union

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

EIN: 810247124 ✦ Billings, MT ✦ Designated as a 501(c)(14)

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Overview

What is Valley Financial Credit Union?

Valley Financial Credit Union is a member-focused financial institution based in Billings, Montana. With a team of 135 employees, they offer a range of services tailored to their members' needs. These include personal checking and savings accounts, business accounts, various loan options for personal, business, vehicles, and homes, and credit and debit cards. Members of this credit union can also benefit from mutual and membership benefit programs, financial education, newsletters, deposit and loan insurance protection, and consumer information. Valley Financial Credit Union's mission is to build strong relationships within their communities and help individuals achieve their financial dreams.


Official website here: www.valleyfcu.com/

Is Valley Financial Credit Union legitimate?

Valley Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Valley Financial 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: $711,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,443,616

For more financial information, click here


Official website here: www.valleyfcu.com/

What is the mission statement of Valley Financial Credit Union?

Valley Financial Credit Union is dedicated to fostering connections within communities and helping people achieve their financial aspirations. Through personalized and accommodating services, the credit union offers various financial products such as checking and savings accounts, business accounts, loans for personal, vehicles, and homes, and credit and debit cards. Additional services include mutual and membership benefit programs, financial education, newsletters, deposit and loan insurance protection, and consumer information. By building relationships and uniting with members, Valley Financial Credit Union aims to make a positive impact on their financial journeys.


Official website here: www.valleyfcu.com/

Who is the CEO of Valley Financial Credit Union?

Casey Klein is the Chief Executive Officer of Valley Financial Credit Union. The CEO's salary of Valley Financial Credit Union is $304,047 and their total compensation is $342,553.


Official website here: www.valleyfcu.com/

What is the revenue of Valley Financial Credit Union?

Valley Financial Credit Union's revenue in 2022 was $21,078,059.


Official website here: www.valleyfcu.com/

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

The average compensation at Valley Financial Credit Union during 2022 was $45,596. There are 135 employees and 14 volunteers at Valley Financial Credit Union.


Here are 14 key members and their salaries (Valley Financial Credit Union's CEO's salary is $304,047 and their total compensation is $342,553):


Casey Klein (Chief Executive Officer)
  • Compensation: $304,047
  • Related: $0
  • Other: $38,506
Scott Kanning (Chief Financial Officer)
  • Compensation: $141,094
  • Related: $0
  • Other: $17,716
Eric Wilson (Chief Lending Officer)
  • Compensation: $189,661
  • Related: $0
  • Other: $20,850
Cindy Roesler (Chief Risk Officer)
  • Compensation: $123,060
  • Related: $0
  • Other: $20,283
Kindra Mcmullin (Chief Operations Officer)
  • Compensation: $112,264
  • Related: $0
  • Other: $18,714
Joseph Olivo (Vp Of Member Experience)
  • Compensation: $107,851
  • Related: $0
  • Other: $14,659
Troy Smith (Vp Of It/Network Administrator)
  • Compensation: $107,002
  • Related: $0
  • Other: $15,398
Jacqueline Helman (Mortgage Loan Officer)
  • Compensation: $101,337
  • Related: $0
  • Other: $12,897
Reg Gibbs (Board Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wes Oja (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chuck Sommers (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ann Adair (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bea Ann Melichar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jordan Frickle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.valleyfcu.com/

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

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


Official website here: www.valleyfcu.com/

Learn more at the official website: www.valleyfcu.com/

Mission Statement of Valley Financial Credit Union

Valley Financial Credit Union, with its mission, strives to build strong relationships within communities and unites with members to help them realize their dreams. By providing top-notch financial services with personalized, accommodating care, this credit union sets itself apart.

Valley Financial Credit Union offers a range of services tailored to meet the diverse financial needs of its members. These include personal checking and savings accounts, business accounts, credit and debit cards, IRAs, and various loan options for personal, business, vehicles, and homes. Additionally, members can benefit from mutual and membership benefit programs, financial education, newsletters, deposit and loan insurance protection, and consumer information.

The credit union's commitment to its members doesn't stop there. Valley Financial Credit Union goes above and beyond by offering personalized customer service and ensuring that every member feels valued. By focusing on building relationships, the credit union creates a sense of community among its members, working together to help them achieve their financial goals.

In summary, Valley Financial Credit Union is more than just a financial institution. It is a community of people dedicated to supporting one another in realizing their dreams. Through its comprehensive range of financial services and personalized approach, Valley Financial Credit Union fosters strong connections and empowers its members to reach their full potential.

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Impact




October, 2024

Valley Financial Credit Union plays a vital role in the Billings community by fostering strong relationships and helping individuals and businesses realize their financial aspirations. By providing a diverse array of services such as personal and business checking and savings accounts, credit and debit cards, loans for various needs, and financial education, Valley Financial is not just a financial institution, but a partner in achieving members' goals.

Their personalized approach in delivering top-notch financial services ensures that members feel valued and supported, whether they are seeking to save for the future, purchase a home, or grow their business. Additionally, the credit union's commitment to community engagement and mutual benefit through programs and consumer information further strengthens its impact. In essence, Valley Financial Credit Union is dedicated to creating a financially empowered community in Billings, Montana, where individuals can turn their dreams into reality.




This information is meant to be a general summary of Valley Financial 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
$21,078,059 (2022)
Expenses
$16,871,815 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,203,941
  • Program Service Revenue: $19,467,006
  • Gross Receipts: $21,708,831

Assets and Liabilities:

  • Total Assets: $424,964,584
  • Total Liabilities: $376,816,711
  • Net Assets: $48,147,873

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Programs

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

LOAN INTEREST

Revenue

$13,487,777

LOAN, SHARE AND OTHER FEES

Revenue

$5,288,323

MEMBER CREDIT LIFE AND CREDIT DIS

Revenue

$690,906

Organization Details

Founding Year

1949

Principal Officer

Casey Klein

Main Address

PO BOX 20417, BILLINGS, MT, 59104

NTEE Category

Code: W61 - Public benefit

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