EIN 95-1652797

Valley Strong Cu

IRS 501(c) type
501(c)(14)
Num. employees
717
Year formed
1938
Most recent tax filings
2023-12-01
Description
Valley Strong Cu is a cooperative organization dedicated to promoting thrift and savings among its members. The credit union offers extensive workshop and online seminar programs covering topics such as auto and home buying, retirement and wealth management, business banking, cyber security, and Medicare which are held twice a month. Additionally, Valley Strong Cu has focused their marketing efforts on branding in their expansion markets with various opportunities such as checking offers, mortgage and auto loan options, business banking options, and retirement planning strategies.
Also known as...
Kern Schools Federal Credit Union; Valley Strong Credit Union
Total revenues
$265,074,915
2023
Total expenses
$246,997,316
2023
Total assets
$4,028,096,555
2023
Num. employees
717
2023

Program areas at Valley Strong Cu

Membership education conferences: we have extensive workshop/online seminar programs with topics which typically are held twice a quarter 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.
Communicationslegislativeregulato... we keep members updated, providing all rules and regulations governing the Credit Union and compliance assistance.
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.

Grants made by Valley Strong Cu

GranteeGrant descriptionAmount
Bakersfield College FoundationTo Assist in Expanding Opportunities for Students By Funding Scholarships & Enhancing College Facilities.$555,500
Children's Miracle Network Hospitals (CMN Hospitals)To Assist in Providing Funds and Awareness for Children's Hospitals.$63,600
California State University Bakersfield FoundationTo Assist Csu Bakersfield in Providing Scholarships & Improving Campus Facilities.$55,000
...and 24 more grants made totalling $1,098,503

Personnel at Valley Strong Cu

NameTitleCompensation
Nicholas AmbrosiniPresident and Chief Executive Officer$1,368,064
Steven MatejkaExecutive Vice President and Chief Operating Officer$829,791
Lindsay ReyesSenior Vice President and Chief Financial Officer$440,277
Erin Rickelle EstelleSenior Vice President and Chief Marketing Officer$464,973
Kevin Lee Emperger-LandelSenior Vice President and Chief Technology Officer$186,831
...and 43 more key personnel

Financials for Valley Strong Cu

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$234,095,978
Investment income and dividends$15,757,453
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$238,500
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$14,982,984
Total revenues$265,074,915

Form 990s for Valley Strong Cu

Fiscal year endingDate received by IRSFormPDF link
2023-122024-10-15990View PDF
2022-122023-10-02990View PDF
2021-122022-10-25990View PDF
2020-122021-11-03990View PDF

Organizations like Valley Strong Cu

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Navigant Credit UnionSmithfield, RI$130,542,626
Potlach No 1 Financial Credit UnionLewiston, ID$137,633,569
Suncoast Credit UnionTampa, FL$624,897,611
Desert Financial Credit UnionPhoenix, AZ$376,561,824
Credit Union of AmericaWichita, KS$93,587,830
Credit Union 1Anchorage, AK$92,423,998
Credit Union 1Rantoul, IL$74,221,901
Data update history
December 9, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 28, 2024
Used new vendors
Identified 2 new vendors, including , and
November 27, 2024
Updated personnel
Identified 10 new personnel
November 28, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 28, 2023
Updated personnel
Identified 11 new personnel
Nonprofit Types
Grantmaking organizationsCredit unionsHeadquarter / parent organizations
Issues
No issues found
Characteristics
No characteristics found
General information
Address
11500 Bolthouse Dr
Bakersfield, CA 93311
Metro area
Bakersfield, CA
County
Kern County, CA
Website URL
valleystrong.com/ 
Phone
(661) 833-7900
IRS details
EIN
95-1652797
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Independent
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