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VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION

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Public IRS 990 nonprofit record

VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION

EIN 95-1652797 · Credit Unions (W61)

What they do

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.

Before you give

Should I give to this charity?

Easy charity check
We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders53 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$88.51spent for every $100 of revenueRevenue covered expenses this year.
$16.78in assets for every $1 spent this yearSome assets cannot be spent right away.

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  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $4,549,220 for MICHAEL P DUFFY RETIRED (EVP/CHIEF ADVOCACY OFFICER). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$263,698,848
Expenses$233,387,885
Annual surplus $30,310,963 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$263,698,848
Expenses$233,387,885
Assets$3,916,563,936
Income$300,603,596
Grants given$6,299,396
Average grant$47,010
Stocks and bonds$452,653,165
Accounting fees$152,825
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
MICHAEL P DUFFY RETIREDEVP/CHIEF ADVOCACY OFFICER $4,549,220Base $4,465,260 · Other $83,960
NORA M STROH RETIREDLEGACY AMBASSADOR $1,664,619Base $1,601,812 · Other $62,807
STEVEN G LEIGA RETIREDVP OF ACCOUNTING $1,649,275Base $1,565,315 · Other $83,960
NICHOLAS AMBROSINIPRESIDENT/CEO · 40 hrs/week $1,559,847Base $1,475,711 · Other $84,136
FRANK XIAODONG FENGLICENSED FINANCIAL ADVISOR · 40 hrs/week $1,014,698Base $1,005,110 · Other $9,588
MIRELLA ELIZABETH REZNICEVP/CHIEF STRATEGY OFFICER · 40 hrs/week $1,011,007Base $958,430 · Other $52,577
STEVEN MATEJKAEVP/CHIEF OPERATING OFFICER · 40 hrs/week $961,325Base $908,495 · Other $52,830
ERIN RICKELLE ESTELLESVP/CHIEF MARKETING OFFICER · 40 hrs/week $614,741Base $538,738 · Other $76,003
STEPHEN C ROACH RETIREDSVP/CHIEF DIGITAL OFFICER $599,952Base $525,276 · Other $74,676
LINDSAY REYESSVP/CFO · 40 hrs/week $591,042Base $508,591 · Other $82,451
CHARLES ALLEN SMITHSVP/CHIEF LENDING OFFICER · 40 hrs/week $583,942Base $543,802 · Other $40,140
DEANNA L BLAISESVP/CHIEF BUSINESS OFFICER · 40 hrs/week $583,629Base $508,047 · Other $75,582

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (53)

MICHAEL P DUFFY RETIREDEVP/CHIEF ADVOCACY OFFICER

NORA M STROH RETIREDLEGACY AMBASSADOR

STEVEN G LEIGA RETIREDVP OF ACCOUNTING

NICHOLAS AMBROSINIPRESIDENT/CEO

FRANK XIAODONG FENGLICENSED FINANCIAL ADVISOR

MIRELLA ELIZABETH REZNICEVP/CHIEF STRATEGY OFFICER

STEVEN MATEJKAEVP/CHIEF OPERATING OFFICER

ERIN RICKELLE ESTELLESVP/CHIEF MARKETING OFFICER

STEPHEN C ROACH RETIREDSVP/CHIEF DIGITAL OFFICER

LINDSAY REYESSVP/CFO

CHARLES ALLEN SMITHSVP/CHIEF LENDING OFFICER

DEANNA L BLAISESVP/CHIEF BUSINESS OFFICER

LINDSEY A BALUKOFF STRANGESVP/CHIEF RETAIL OFFICER

JAMES B HUSSEYVP OF WEALTH MANAGEMENT

MARK MANNSSVP/CHIEF HUMAN RESOURCES

NIKI MYRTO KOIMTZOGLOUSVP/CHIEF COMPLIANCE OFFICER

BRIAN GRANT REYNOLDSVP OF REAL ESTATE LENDING

KEVIN MICHAEL LANGEVP OF FINANCE AND CAPITAL MARKETS

JOSHUA ALLEN FETTINGVP OF CONSUMER LENDING

CHRISTOPHER C TRIVERSVP SALESFORCE ENTERPRISE

CHEI WHITMOREMARKET PRESIDENT

KATHLEEN JULIA KELLYMARKET PRESIDENT

EDWARD KEELIN JRIT GOVERNANCE MANAGER

BRIDGET LYNN JOHNSONMARKET PRESIDENT

VANESSA L HUDSONDIRECTOR OF BUSINESS LENDI

SHIRA B SPECTORVP OF BUSINESS STRATEGY & INSIGHT

RICHARD NEAL SAZAMAVP OF FACILITIES AND CAPITAL PROJECTS

NILENDU SAHASVP/CHIEF TECH OFFICER

RICHARD RAMOSLICENSED FINANCIAL ADVISOR

ERIC STEINBACKSENIOR BUSINESS BANKING OF

KYLE DUEYDIRECTOR OF CONSUMER LENDING SALES AND SERVIC

STACY PHELPSVP OF ACCOUNTING

MARIA L TRANCOSOSENIOR BUSINESS BANKING OFFICER

NISHANT JAINVP OF ENGINEERING

KEVIN LEE EMPERGER-LANDELSVP/CHIEF TECH OFFICER

CHRISTOPHER J MCGOWNDIRECTOR OF FACILITIES

MARICRUZ RAINEYDIRECTOR OF COMPLIANCE

SUSAN MAYSHEAD OF RETAIL OPERATIONS

CHRISTINA ANN TRAYERSVP OF PRODUCT AND DIGITAL SOLUTIONS

DR BRYON SCHAEFER1ST VICE CHAIRMAN

RAMON HENDRIXSUPV CMTE MEMBER

VALENCIA JONES2ND VICE CHAIRMAN

TENIELLE TENSLEYSUPV CMTE MEMBER

MARK MORENOBOARD MEMBER

DENNIS SCOTTTREASURER

JOANNE MILLSBOARD MEMBER

TROY FRINGERSUPV CMTE CHAIR

MIKE KILEENBOARD MEMBER

MARILYN JONESSECRETARY

DR S WILLIAM BRUCEBOARD CHAIRPERSON

JOE DREWBOARD MEMBER

CARL BA LANGE IIIBOARD MEMBER

DR LARRY REIDERBOARD MEMBER

About this charity

Recognized since
January 2021
Location
11500 BOLTHOUSE DR, BAKERSFIELD, CA 93311-8822
County
Kern
In care of
% ACCOUNTING
Primary officer
LINDSAY REYES, SVP/CFO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
TURNER WARREN HWANG & CONRAD ACCTCY
NTEE classification
Credit Unions (W61)
IRS tax category
Credit Unions
Grant-giving organization
Yes

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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