Overview
What is Valley Strong Cu Fka Kern Schools Federal Credit Union?
Valley Strong Cu Fka Kern Schools Federal Credit Union is a cooperative based in Bakersfield, California, with a mission to promote thrift and savings among its members. The credit union, which employs 793 people, offers various educational conferences and workshops, typically held twice a month, covering topics such as auto and home buying, retirement and wealth management, business banking, cyber security, and Medicare assistance. Offsite financial literacy classes are also held at local schools and colleges to introduce young community members to financial knowledge. The earnings, savings, benefits, or services of the credit union are distributed to its members as patronage, making it a democratic source of credit for its members at rates set by the board of directors, ultimately aiming to improve their economic and social conditions.
Official website here: www.valleystrong.com
Is Valley Strong Cu Fka Kern Schools Federal Credit Union legitimate?
Valley Strong Cu Fka Kern Schools Federal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Valley Strong Cu Fka Kern Schools Federal 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: $16,714,981
Professional Fundraising Fees: $0
Other Salaries and Wages: $36,704,362
For more financial information, click here
Official website here: www.valleystrong.com
What is the mission statement of Valley Strong Cu Fka Kern Schools Federal Credit Union?
Valley Strong Cu Fka Kern Schools Federal Credit Union is a cooperative established to encourage savings among its members and offer them access to affordable credit. The credit union operates on a democratic basis, with its members having the opportunity to control and use their own funds to improve their economic and social conditions. The earnings, savings, benefits, and services of the credit union are distributed to its members for their mutual benefit and general welfare. In essence, Valley Strong Cu Fka Kern Schools Federal Credit Union aims to promote financial well-being and economic growth for its members.
Official website here: www.valleystrong.com
Who is the CEO of Valley Strong Cu Fka Kern Schools Federal Credit Union?
Nicholas Ambrosini is the CEO of Valley Strong Cu Fka Kern Schools Federal Credit Union The CEO's salary of Valley Strong Cu Fka Kern Schools Federal Credit Union is $1,368,064 and their total compensation is $1,442,375.
Official website here: www.valleystrong.com
What is the revenue of Valley Strong Cu Fka Kern Schools Federal Credit Union?
Valley Strong Cu Fka Kern Schools Federal Credit Union's revenue in 2023 was $265,074,915.
Official website here: www.valleystrong.com
Who are the executives of Valley Strong Cu Fka Kern Schools Federal Credit Union and what are their salaries?
The average compensation at Valley Strong Cu Fka Kern Schools Federal Credit Union during 2023 was $74,504. There are 717 employees and 14 volunteers at Valley Strong Cu Fka Kern Schools Federal Credit Union.
Here are 53 key members and their salaries (Valley Strong Cu Fka Kern Schools Federal Credit Union's CEO's salary is $1,368,064 and their total compensation is $1,442,375):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,876
- Related: $0
- Other: $0
- Compensation: $1,366
- Related: $0
- Other: $0
- Compensation: $2,797
- Related: $0
- Other: $0
- Compensation: $2,181
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $2,166
- Related: $0
- Other: $0
- Compensation: $875
- Related: $0
- Other: $0
- Compensation: $1,805
- Related: $0
- Other: $0
- Compensation: $2,773
- Related: $0
- Other: $0
- Compensation: $1,368,064
- Related: $0
- Other: $74,311
- Compensation: $440,277
- Related: $0
- Other: $54,847
- Compensation: $925,280
- Related: $0
- Other: $95,707
- Compensation: $829,791
- Related: $0
- Other: $63,849
- Compensation: $712,359
- Related: $0
- Other: $63,665
- Compensation: $531,522
- Related: $0
- Other: $37,994
- Compensation: $518,010
- Related: $0
- Other: $9,116
- Compensation: $465,947
- Related: $0
- Other: $72,050
- Compensation: $464,973
- Related: $0
- Other: $71,748
- Compensation: $459,674
- Related: $0
- Other: $38,049
- Compensation: $334,586
- Related: $0
- Other: $10,591
- Compensation: $309,371
- Related: $0
- Other: $70,882
- Compensation: $256,084
- Related: $0
- Other: $4,925
- Compensation: $186,831
- Related: $0
- Other: $41,454
- Compensation: $1,606,131
- Related: $0
- Other: $56,529
- Compensation: $1,219,538
- Related: $0
- Other: $90,499
- Compensation: $397,749
- Related: $0
- Other: $78,138
- Compensation: $392,106
- Related: $0
- Other: $73,615
- Compensation: $381,039
- Related: $0
- Other: $65,602
- Compensation: $294,372
- Related: $0
- Other: $51,715
- Compensation: $258,707
- Related: $0
- Other: $10,158
- Compensation: $246,631
- Related: $0
- Other: $70,525
- Compensation: $230,923
- Related: $0
- Other: $45,945
- Compensation: $220,986
- Related: $0
- Other: $71,919
- Compensation: $236,487
- Related: $0
- Other: $13,518
- Compensation: $226,925
- Related: $0
- Other: $47,050
- Compensation: $208,639
- Related: $0
- Other: $63,912
- Compensation: $205,559
- Related: $0
- Other: $12,314
- Compensation: $185,603
- Related: $0
- Other: $68,479
- Compensation: $190,806
- Related: $0
- Other: $25,736
- Compensation: $184,699
- Related: $0
- Other: $47,653
- Compensation: $181,208
- Related: $0
- Other: $28,831
- Compensation: $174,239
- Related: $0
- Other: $9,416
- Compensation: $170,155
- Related: $0
- Other: $14,913
- Compensation: $857,990
- Related: $0
- Other: $6,776
- Compensation: $225,985
- Related: $0
- Other: $11,723
- Compensation: $208,267
- Related: $0
- Other: $12,630
- Compensation: $196,715
- Related: $0
- Other: $70,997
- Compensation: $193,914
- Related: $0
- Other: $44,288
Official website here: www.valleystrong.com
Where can I find the form 990 for Valley Strong Cu Fka Kern Schools Federal Credit Union?
Valley Strong Cu Fka Kern Schools Federal Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.valleystrong.com
Learn more at the official website: www.valleystrong.com
Mission Statement of Valley Strong Cu Fka Kern Schools Federal Credit Union
Valley Strong Credit Union, a cooperative organization, is dedicated to inspiring thrift and savings among its members. Established with the primary goal of creating a financial resource for its members, the credit union offers competitive rates of interest, set by its Board of Directors. Members are given the opportunity to access and manage their funds in a democratic manner, improving their financial and social conditions.
As a cooperative, Valley Strong Credit Union operates with the mutual benefit and overall welfare of its members in mind. The earnings, savings, benefits, or services of the credit union are distributed back to the members as patronage. Through its cooperative structure, Valley Strong Credit Union provides its members with a unique platform to control their money and make a positive impact on their economic well-being.
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Impact
October, 2024
Valley Strong Credit Union (formerly Kern Schools Federal Credit Union) has a significant impact on the financial well-being of its members and the broader community in Bakersfield, California. By promoting thrift and savings among its members, the credit union fosters a culture of financial responsibility and literacy.
One of its key initiatives is the extensive educational program it offers, which includes membership education conferences and workshops held twice a month. These sessions cover vital topics like auto and home buying, retirement planning, wealth management, business banking, cyber security, and Medicare assistance. This educational focus empowers members with the knowledge they need to make informed financial decisions.
Furthermore, Valley Strong Credit Union is committed to enhancing financial literacy among younger generations. By conducting off-site financial literacy classes at local K-12 schools and colleges, it actively works to introduce essential financial concepts to young community members, preparing them for a successful financial future.
Overall, Valley Strong Credit Union plays a vital role in creating opportunities for economic growth and social improvement among its members, distributing the benefits of its services to enhance their financial capabilities and community welfare.
This information is meant to be a general summary of Valley Strong Cu Fka Kern Schools Federal 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $15,757,453
- Program Service Revenue: $234,095,978
- Gross Receipts: $277,037,195
Assets and Liabilities:
- Total Assets: $4,187,947,178
- Total Liabilities: $3,886,683,632
- Net Assets: $301,263,546
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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
$183,903,307
OTHER OPERATING INCOME
Revenue
$36,834,980
FEE INCOME
Revenue
$13,357,691
Organization Details
Founding Year
1938
Principal Officer
Nicholas Ambrosini
Website
www.valleystrong.comNTEE Category
Code: W61 - Public benefit
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