2024-10-15T13:19:16-05:00 2023-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2023-01-01 951652797 VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION VALL 6618337900 11500 BOLTHOUSE DRIVE BAKERSFIELD CA 93311 LINDSAY REYES SVP/CFO 6618337900 2024-10-01 1 1 VALENTINO CREUS CPA P01054153 8189549700 2023 2024-10-15 13:58:12Z NICHOLAS AMBROSINI 11500 BOLTHOUSE DRIVE BAKERSFIELD CA 93311 277037195 0 X WWW.VALLEYSTRONG.COM X CREDIT UNION 1938 CA A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS. 11 11 717 14 -337900 0 0 0 184022787 234095978 4880510 15995953 5163929 14982984 194067226 265074915 2226640 1782117 0 0 63116903 67769039 0 0 0 112071008 177446160 177414551 246997316 16652675 18077599 4187947178 4028096555 3886683632 3745796702 301263546 282299853 X 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. 0 0 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. 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. COMMUNICATIONS/LEGISLATIVE/REGULATORY/COMPLIANCE: WE KEEP MEMBERS UPDATED, PROVIDING ALL RULES AND REGULATIONS GOVERNING THE CREDIT UNION AND COMPLIANCE ASSISTANCE. 0 0 1 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 41951 0 1 717 1 1 1 0 0 0 0 0 1 0 X 11 11 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 CA X X STACY PHELPS VP OF ACCOUNTINGCONTROLLER 6618337024 11500 BOLTHOUSE DRIVE BAKERSFIELD CA 93311 JOE DREW BOARD CHAIRMAN 3.00 X 0 0 0 DR BRYON SCHAEFER 1ST VICE CHAIRMAN 3.00 X 2876 0 0 DR DENNIS SCOTT 2ND VICE CHAIRMAN 3.00 X 1366 0 0 VALENCIA JONES SECRETARY 3.00 X 2797 0 0 JOANNE MILLS TREASURER 3.00 X 2181 0 0 DR S WILLIAM BRUCE BOARD MEMBER 3.00 X 0 0 0 MARILYN JONES BOARD MEMBER 2.00 X 0 0 0 MIKE KILEEN BOARD MEMBER 2.00 X 0 0 0 CARL BA LANGE III BOARD MEMBER 2.00 X 0 0 0 DR LARRY REIDER BOARD MEMBER 2.00 X 0 0 0 MARK MORENO BOARD MEMBER 2.00 X 2166 0 0 TROY FRINGER SUPV CMTE CHAIR 3.00 X 875 0 0 RAMON HENDRIX SUPV CMTE MEMBER 2.00 X 1805 0 0 TENIELLE TENSLEY SUPV CMTE MEMBER 2.00 X 2773 0 0 NICHOLAS AMBROSINI PRESIDENT/CEO 40.00 X 1368064 0 74311 LINDSAY REYES SVP/CFO 40.00 X 440277 0 54847 MICHAEL P DUFFY RETIRED EVP/CHIEF ADVOCACY OFFICER 40.00 X 925280 0 95707 STEVEN MATEJKA EVP/COO 40.00 X 829791 0 63849 MIRELLA ELIZABETH REZNIC EVP/CHIEF STRATEGY OFFICER 40.00 X 712359 0 63665 CHARLES ALLEN SMITH SVP/CHIEF LENDING OFFICER 40.00 X 531522 0 37994 LINDSEY A BALUKOFF STRANGE SVP/CHIEF RETAIL OFFICER 40.00 X 518010 0 9116 DEANNA L BLAISE SVP OF MEMBER BUSINESS SERVICES 40.00 X 465947 0 72050 ERIN RICKELLE ESTELLE SVP/CHIEF MARKETING OFFICER 40.00 X 464973 0 71748 MARK MANNS SVP/CHIEF HUMAN RESOURCES OFFICER 40.00 X 459674 0 38049 NIKI MYRTO KOIMTZOGLOU SVP/CHIEF COMPLIANCE OFFICER 40.00 X 334586 0 10591 STEPHEN C ROACH RETIRED SVP/CHIEF DIGITAL OFFICER 40.00 X 309371 0 70882 SHONNA SHEARSON SVP OF OPERATIONS 40.00 X 256084 0 4925 KEVIN LEE EMPERGER-LANDEL SVP/CHIEF TECH OFFICER (RETIRED) 40.00 X 186831 0 41454 NORA M STROH RETIRED LEGACY AMBASSADOR 40.00 X 1606131 0 56529 STEVEN G LEIGA RETIRED VP OF ACCOUNTING 40.00 X 1219538 0 90499 JAMES B HUSSEY VP OF WEALTH MANAGEMENT 40.00 X 397749 0 78138 KEVIN MCCLOSKEY DIRECTOR OF IT DEVELOPMENT 40.00 X 392106 0 73615 BRIAN GRANT REYNOLDS VP OF REAL ESTATE LENDING 40.00 X 381039 0 65602 JOSHUA ALLEN FETTING VP OF CONSUMER LENDING 40.00 X 294372 0 51715 RICHARD NEAL SAZAMA HEAD OF FACILITIES & CAPITAL PROJECTS 40.00 X 258707 0 10158 CHEI WHITMORE MARKET PRESIDENT 40.00 X 246631 0 70525 KATHLEEN JULIA KELLY MARKET PRESIDENT 40.00 X 230923 0 45945 KEVIN MICHAEL LANGE DIRECTOR OF CAPITAL MARKETS 40.00 X 220986 0 71919 SHIRA B SPECTOR VP OF DATA OFFICE/ADVANCED ANALYTICS 40.00 X 236487 0 13518 BRIDGET LYNN JOHNSON MARKET PRESIDENT 40.00 X 226925 0 47050 CHRISTOPHER C TRIVERS VP SALESFORCE ENTERPRISE 40.00 X 208639 0 63912 STACY PHELPS VP OF ACCOUNTING/CONTROLLER 40.00 X 205559 0 12314 VANESSA L HUDSON DIRECTOR OF BUSINESS LENDING 40.00 X 185603 0 68479 SUSAN MAYS HEAD OF RETAIL OPERATIONS 40.00 X 190806 0 25736 NISHANT JAIN VP OF ENGINEERING 40.00 X 184699 0 47653 CHRISTOPHER J MCGOWN DIRECTOR OF FACILITIES 40.00 X 181208 0 28831 AMIE J HALE VP OF EPMO AND M&A 40.00 X 174239 0 9416 JAKHARA TANDY BSA DIRECTOR/OFFICER 40.00 X 170155 0 14913 FRANK XIAODONG FENG FINANCIAL SERVICES PROFESSIONAL 40.00 X 857990 0 6776 RICHARD RAMOS FINANCIAL SERVICES PROFESSIONAL 40.00 X 225985 0 11723 MARIA L TRANCOSO SENIOR BUSINESS BANKING OFFICER 40.00 X 208267 0 12630 ERIC STEINBACK SENIOR BUSINESS BANKING OFFICER 40.00 X 196715 0 70997 AARON LEE WILLIAMSON SENIOR BUSINESS BANKING OFFICER 40.00 X 193914 0 44288 16714981 0 1802069 106 0 1 0 KLASSEN AND SMITH CONSTRUCTION INC 1502 MILL ROCK WAY SUITE 170 BAKERSFIELD CA 93311 CONSTRUCTION CONTRACTOR 6346584 ALM FIRST GROUP LLC 3800 MAPLE AVE STE 600 DALLAS TX 75219 PROFESSIONAL FINANCIAL SERVICES & ADVISI 5650683 ALKAMI TECHNOLOGY INC DEPT 2223 PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING PROVIDER 3151035 COBRA EQUITY HOLDCO LLC DBA EXETER FINAN 2101 W JOHN CARPENTER FWY IRVING TX 75063 FRANCHISE & INDEPENDENT DEALERSHIP FINAN 2798849 XPRESS DATA INC 10983 VIA FRONTERA SAN DIEGO CA 92127 STATEMENT PROVIDER 2367856 92 INTEREST ON LOANS 522100 183903307 183903307 OTHER OPERATING INCOME 522100 36834980 38061047 -1226067 FEE INCOME 522100 13357691 12469524 888167 234095978 15757453 15757453 10105000 2095780 10070693 1891587 34307 204193 238500 238500 GAIN ON ALL OTHER INVE 522100 14982984 14982984 14982984 265074915 265412815 -337900 0 1782117 16714981 36704362 2329875 8358847 3660974 4075405 171949 14972591 5986005 18034136 9647368 5199090 1836538 51924775 5002070 1035191 PROVISION FOR LOAN AND 42169794 LOSS ON SALES OF LOANS 8486064 LOAN SERVICING EXPENSE 7372631 MISC OPERATING EXPENSES 1144640 387913 246997316 130020231 110154418 27338720 26692464 32702848 29409984 6571186 7634614 161602690 73873755 79823253 87728935 478993859 447379504 588211 20998173 3335259841 3208912283 11287740 11287740 85361289 77898440 4187947178 4028096555 78013123 87641074 3808670509 3658155628 3886683632 3745796702 X 0 0 0 0 301263546 282299853 301263546 282299853 4187947178 4028096555 X 18077599 7781963 -44823255 X X 0 1 X 1 0 43000 43000 43000 1 CCUL - PAC 1201 K ST STE 1050 SACRAMENTO CA 95814 940357265 25000 COTTIE PETRIE-NORRIS FOR ASSEMBLY 2024 2646 DUPONT DR SUITE 60-174 IRVINE CA 92612 2500 DR JASMEET BAINS FOR ASSEMBLY 2024 1430 TRUXTUN AVENUE SUITE 803 BAKERSFIELD CA 93301 5500 NAFCU 3138 10TH ST NORTH ARLINGTON VA 222012149 952642719 10000 PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTES TO INDIVIDUALS RUNNING FOR OFFICES WHO SUPPORT CREDIT UNION ISSUES. THE CREDIT UNION WAS UNABLE TO OBTAIN AN EIN FOR FOLLOWING INDIVIDUALS RUNNING FOR STATE ASSEMBLY IN 2024. FOLLOWING IS THE NAME, ADDRESS AND FPPC# OF THE CAMPAIGN. COTTIE PETRIE-NORRIS 2646 DUPONT DR, SUITE 60-174 IRVINE, CA 92612 ID# 1456502 DR. JASMEET BAINS 8200 STOCKDALE HWY STE M-10 #252 BAKERSFIELD, CA 93311 ID# 1456690 11107821 11107821 66356983 20674848 45682135 28261102 5632403 22628699 55876784 47566504 8310280 87728935 PAID-IN CAPITAL AT CORP 2227976 C ALL OTHER INVESTMENTS 124129466 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 32932636 C NET LOANS AND LEASES 3042525642 F DEPOSITS IN COMMERCIAL BANKS 7096563 C 3208912283 TOTAL SHARE AND DEPOSITS 3367775818 ACCRUED DIVIDENDS & INTEREST PAYABLE ON SHARES & DEPOSITS 379810 BORROWINGS 290000000 3658155628 X 265074915 0 265074915 0 265074915 246997316 0 246997316 0 246997316 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE, AND LOCAL TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE AND STATE TAX LAWS. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE INCOME TAXES TOPIC OF THE FASB ASC CLARIFIES ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES REPORTED IN THE FINANCIAL STATEMENTS. THE INTERPRETATION PROVIDES CRITERIA FOR ASSESSMENT OF INDIVIDUAL TAX POSITIONS AND A PROCESS FOR RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. TAX POSITIONS ARE EVALUATED ON WHETHER THEY MEET THE "MORE LIKELY THAN NOT" STANDARD FOR SUSTAINABILITY ON EXAMINATION BY TAX AUTHORITIES. MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION OWNS A MAJORITY INTEREST IN THE CONSOLIDATED CUSO. THE INCOME FROM THE CUSO FLOWS UP TO THE CREDIT UNION, AND THEREFORE IS NOT SUBJECT TO MOST FEDERAL AND STATE INCOME TAXES. 1 BAKERSFIELD COLLEGE FOUNDATION INC 1801 PANORAMA DR BAKERSFIELD CA 93305 510151490 501(C)(3) 555500 0 FMV TO ASSIST IN EXPANDING OPPORTUNITIES FOR STUDENTS BY FUNDING SCHOLARSHIPS & ENHANCING COLLEGE FACILITIES. FCCU2 FOUNDATION 18 S CENTER ST STOCKTON CA 95202 841724276 501(C)(3) 250000 0 FMV TO HELP SUPPORT CHARITABLE ORGANIZATIONS IN THE SAN JOAQUIN VALLEY COMMUNITY. CHILDREN'S MIRACLE NETWORK HOSPITALS 18400 VON KARMAN AVE STE 900 IRVINE CA 92612 870387205 501(C)(3) 63600 0 FMV TO ASSIST IN PROVIDING FUNDS AND AWARENESS FOR CHILDREN'S HOSPITALS. CSUB FOUNDATION 9001 STOCKDALE HWY BAKERSFIELD CA 93311 952643086 501(C)(3) 55000 0 FMV TO ASSIST CSU BAKERSFIELD IN PROVIDING SCHOLARSHIPS & IMPROVING CAMPUS FACILITIES. AMERICAN HEART ASSOCIATION INC 2007 O ST SACRAMENTO CA 95811 135613797 501(C)(3) 50000 0 FMV TO ASSIST IN THE ADVANCEMENT OF CARDIOVASCULAR HEALTH FOR ALL. KERN COMMUNITY FOUNDATION 5701 TRUXTUN AVE STE 110 BAKERSFIELD CA 93309 770555874 501(C)(3) 50000 0 FMV TO ASSIST THE FOUNDATION GROW IN ITS MISSION OF COMMUNITY AND PHILANTHROPY. KERN HIGH SCHOOL DISTRICT EDUCATIONAL FOUNDATION 5801 SUNDALE AVE BAKERSFIELD CA 93309 770235452 501(C)(3) 40000 0 FMV TO SUPPORT THE EDUCATIONAL AND OTHER PROGRAMS OF THE KERN HIGH SCHOOL DISTRICT. BAKERSFIELD WOMEN'S BUSINESS CONFERENCE PO BOX 11049 BAKERSFIELD CA 93389 274473875 501(C)(3) 35000 0 FMV TO PROVIDE RESOURCES FOR WOMEN AT A CROSSROADS. KERN COUNTY SUPERINTENDENT OF SCHOOLS EDUCATIONAL SERVICES FOUNDATION 1300 17TH ST CITY CENTRE/5TH FLOOR BAKERSFIELD CA 93301 770383293 501(C)(3) 30000 0 FMV TO ASSIST THE COMMUNITY BY PROVIDING EDUCATION RESOURCES. SHEPOWER LEADERSHIP ACADEMY PO BOX 13153 BAKERSFIELD CA 93389 822677773 501(C)(3) 25000 0 FMV TO EXPAND THE NUMBER OF FEMALE CIVIC AND BUSINESS LEADERS, REDEFINING THE VISION OF LEADERSHIP. AFRICAN AMERICAN CHAMBER OF COMMERCE OF SAN JOAQUIN FOUNDATION 42 N SUTTER ST 218 STOCKTON CA 95202 300667359 501(C)(3) 15000 0 FMV TO PROMOTE COMMERCE AND INDUSTRY FOR THE ADVANCEMENT OF ECONOMIC VITALITY WITHIN THE AFRICAN AMERICAN COMMUNITY AMERICAN CANCER SOCIETY 5420 CALIFORNIA AVE BAKERSFIELD CA 93309 131788491 501(C)(3) 15000 0 FMV TO IMPROVE THE LIVES OF PEOPLE WITH CANCER AND THEIR FAMILIES THROUGH ADVOCACY, RESEARCH, AND PATIENT SUPPORT GAMEDAY SPORTS ACADEMY 3101 GILMORE AVE STE 100 BAKERSFIELD CA 93308 834479668 15000 0 FMV TO SUPPORT ACTIVITIES AND EVENTS THAT BENEFIT THE HEALTH AND WELL-BEING OF YOUNG ATHLETES IN OUR COMMUNITY. WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC PO BOX 2982 MADISON WI 537012982 396093210 501(C)(3) 15000 0 FMV TO ADVANCE THE SHARED VISION OF EXPANDING FINANCIAL INCLUSION THROUGH A VIBRANT AND GROWING GLOBAL CREDIT UNION SYSTEM. KERN ECONOMIC DEVELOPMENT CORPORATION PO BOX 1033 BAKERSFIELD CA 93302 770151886 501(C)(6) 12500 0 FMV TO ATTRACT NEW BUSINESS AND INDUSTRY TO ALL COMMUNITIES IN KERN COUNTY. RONALD MCDONALD HOUSE CHARITIES OF SOUTHERN CALIFORNIA 4560 FOUNTAIN AVE LOS ANGELES CA 90029 953167869 501(C)(3) 11293 0 FMV TO PROVIDE COMFORT, CARE AND SUPPORT TO CHILDREN AND FAMILIES IN SOUTHERN CALIFORNIA VACAVILLE CHAMBER OF COMMERCE 411 DAVIS ST STE 101 VACAVILLE CA 95688 941111162 501(C)(3) 10610 0 FMV TO PROVIDE INFLUENTIAL LEADERSHIP, RELEVANT EDUCATION, AND DIVERSE RESOURCES TO BUSINESSES AND COMMUNITY TO IMPROVE THE ECONOMIC PROSPERITY OF VACAVILLE. COMMUNITY ACTION PARTNERSHIP OF KERN 5005 BUSINESS PARK NORTH BAKERSFIELD CA 93309 952402760 501(C)(3) 10000 0 FMV TO ADDRESS UNDERLYING CAUSES OF POVERTY, ALLEVIATE THE EFFECTS, AND PROMOTE DIGNITY AND SELF-SUFFICIENCY IN THE COMMUNITIES WE SERVE. FAIRFIELD-SUISUN CHAMBER OF COMMERCE 111 WEBSTER ST FAIRFIELD CA 94534 941059185 501(C)(6) 10000 0 FMV TO ASSIST IN PROVIDING NETWORKING AND PROMOTIONAL OPPORTUNITIES OF MEMBER BUSINESSES. GARDEN PATHWAYS INC 1616 29TH ST BAKERSFIELD CA 93301 770442212 501(C)(3) 10000 0 FMV TO MENTOR CHILDREN, YOUTH, AND ADULTS TO BUILD PRODUCTIVE LIVES. GRIMM FAMILY EDUCATION FOUNDATION DBA EDIBLE SCHOOLYARD KERN COUNTY LLC 11001 RIVER RUN BLVD STE 101 BAKERSFIELD CA 93311 273194151 501(C)(3) 10000 0 FMV TO HELP IDENTIFY AND IMPLEMENT OPPORTUNITIES TO IMPROVE STUDENT ACHIEVEMENT, WELLNESS AND OPPORTUNITY IN KERN COUNTY. HOFFMANN HOSPICE OF THE VALLEY INC 4325 BUENA VISTA RD BLDG A BAKERSFIELD CA 93311 770386207 501(C)(3) 10000 0 FMV TO ASSIST IN PROVIDING COMPASSIONATE END-OF-LIFE CARE. LINKS FOR LIFE INC PO BOX 9333 BAKERSFIELD CA 93389 931088003 501(C)(3) 10000 0 FMV TO PROMOTE BREAST CANCER AWARENESS AND PROVIDE SERVICES FOR WOMEN COPING WITH CANCER MOTHERS AGAINST DRUNK DRIVING PO BOX 5102 BAKERSFIELD CA 93388 942707273 501(C)(3) 10000 0 FMV TO END DRUNK DRIVING, HELP FIGHT DRUGGED DRIVING, SUPPORT THE VICTIMS OF THESE VIOLENT CRIMES, AND PREVENT UNDERAGE DRINKING RICHARD MYLES JOHNSON FOUNDATION 2855 E GUASTI RD STE 202 ONTARIO CA 91761 956141173 501(C)(3) 10000 0 FMV TO PROVIDE FINANCIAL EDUCATION RESOURCES FOR CREDIT UNIONS IN CALIFORNIA AND NEVADA SOLANO ECONOMIC DEVCO CORPORATION 5050 BUSINESS CENTER DR STE 200 FAIRFIELD CA 94534 911790564 501(C)(6) 10000 0 FMV TO ASSIST IN THE GROWTH, AND RETAINMENT OF BUSINESS AND INDUSTRY IN SOLANO COUNTY. THE CHILDREN'S MUSEUM OF THE SEQUIOAS DBA IMAGINEU CHILDREN'S MUSEUM 210 N TIPTON ST VISALIA CA 93292 331005895 501(C)(3) 10000 0 FMV INSPIRE CHILDREN THROUGH INTERACTIVE EDUCATIONAL EXPERIENCES BY PROVIDING MULTICULTURAL, HANDS-ON LEARNING THROUGH THE SCIENCES, ENVIRONMENTAL CONSERVATION, AND THE ARTS. GLOBAL FAMILY CARE NETWORK INC PO BOX 13160 BAKERSFIELD CA 93389 208346599 501(C)(3) 7500 0 FMV TO ASSIST IN THE DAUGHTER PROJECT WHICH PROVIDES A POSITIVE SOCIAL ENVIRONMENT WHERE YOUTH CAN RECEIVE INTERVENTION AND TREATMENT SERVICES. MARY GRAHAM CHILDRENS FOUNDATION PO BOX 792 STOCKTON CA 95201 943377000 501(C)(3) 7500 0 FMV TO ASSIST IN PROVIDING AGED OUT FOSTER YOUTH WITH COLLEGE OR TRADE SCHOOL SCHOLARSHIPS. 7TH INNING STRETCH LLC DBA STOCKTON PORTS BASEBALL 404 W FREMONT ST STOCKTON CA 95203 330900494 5500 0 FMV TO SUPPORT LOCAL COMMUNITIES AND SPORTS. 25 6 X X 1 1 X X X X 1 1 0 NICHOLAS AMBROSINI PRESIDENT/CEO 825832 0 512135 0 30097 0 19800 0 54511 0 1442375 0 0 0 LINDSAY REYES SVP/CFO 306932 0 115280 0 18065 0 19293 0 35554 0 495124 0 0 0 MICHAEL P DUFFY RETIRED EVP/CHIEF ADVOCACY OFFICER 574557 0 332400 0 18323 0 19800 0 75907 0 1020987 0 0 0 STEVEN MATEJKA EVP/COO 611392 0 200300 0 18099 0 19758 0 44091 0 893640 0 0 0 MIRELLA ELIZABETH REZNIC EVP/CHIEF STRATEGY OFFICER 529126 0 165120 0 18113 0 19673 0 43992 0 776024 0 0 0 CHARLES ALLEN SMITH SVP/CHIEF LENDING OFFICER 438087 0 75130 0 18305 0 19383 0 18611 0 569516 0 0 0 LINDSEY A BALUKOFF STRANGE SVP/CHIEF RETAIL OFFICER 319825 0 85110 0 113075 0 9116 0 0 0 527126 0 0 0 DEANNA L BLAISE SVP OF MEMBER BUSINESS SERVICES 298641 0 90140 0 77166 0 13221 0 58829 0 537997 0 0 0 ERIN RICKELLE ESTELLE SVP/CHIEF MARKETING OFFICER 331785 0 85120 0 48068 0 12919 0 58829 0 536721 0 0 0 MARK MANNS SVP/CHIEF HUMAN RESOURCES OFFICER 286222 0 75300 0 98152 0 19293 0 18756 0 497723 0 0 0 NIKI MYRTO KOIMTZOGLOU SVP/CHIEF COMPLIANCE OFFICER 269363 0 65110 0 113 0 10591 0 0 0 345177 0 0 0 STEPHEN C ROACH RETIRED SVP/CHIEF DIGITAL OFFICER 249330 0 50000 0 10041 0 18239 0 52643 0 380253 0 0 0 SHONNA SHEARSON SVP OF OPERATIONS 184819 0 65000 0 6265 0 4768 0 157 0 261009 0 0 0 KEVIN LEE EMPERGER-LANDEL SVP/CHIEF TECH OFFICER (RETIRED) 176346 0 100 0 10385 0 8056 0 33398 0 228285 0 0 0 NORA M STROH RETIRED LEGACY AMBASSADOR 206792 0 76875 0 1322464 0 4587 0 51942 0 1662660 0 0 0 STEVEN G LEIGA RETIRED VP OF ACCOUNTING 179519 0 68482 0 971537 0 14592 0 75907 0 1310037 0 0 0 JAMES B HUSSEY VP OF WEALTH MANAGEMENT 377460 0 20220 0 69 0 19309 0 58829 0 475887 0 0 0 KEVIN MCCLOSKEY DIRECTOR OF IT DEVELOPMENT 206877 0 8000 0 177229 0 19309 0 54306 0 465721 0 0 0 BRIAN GRANT REYNOLDS VP OF REAL ESTATE LENDING 347802 0 15120 0 18117 0 16807 0 48795 0 446641 0 0 0 JOSHUA ALLEN FETTING VP OF CONSUMER LENDING 259194 0 17110 0 18068 0 16166 0 35549 0 346087 0 0 0 RICHARD NEAL SAZAMA HEAD OF FACILITIES & CAPITAL PROJECT 215511 0 25130 0 18066 0 10158 0 0 0 268865 0 0 0 CHEI WHITMORE MARKET PRESIDENT 219085 0 15380 0 12166 0 11696 0 58829 0 317156 0 0 0 KATHLEEN JULIA KELLY MARKET PRESIDENT 198498 0 20120 0 12305 0 10391 0 35554 0 276868 0 0 0 KEVIN MICHAEL LANGE DIRECTOR OF CAPITAL MARKETS 182829 0 20120 0 18037 0 13090 0 58829 0 292905 0 0 0 SHIRA B SPECTOR VP OF DATA OFFICE/ADVANCED ANALYTICS 226204 0 10110 0 173 0 13518 0 0 0 250005 0 0 0 BRIDGET LYNN JOHNSON MARKET PRESIDENT 196676 0 18180 0 12069 0 12354 0 34696 0 273975 0 0 0 CHRISTOPHER C TRIVERS VP SALESFORCE ENTERPRISE 208281 0 100 0 258 0 11544 0 52368 0 272551 0 0 0 STACY PHELPS VP OF ACCOUNTING/CONTROLLER 180310 0 25180 0 69 0 12314 0 0 0 217873 0 0 0 VANESSA L HUDSON DIRECTOR OF BUSINESS LENDING 155417 0 30140 0 46 0 9650 0 58829 0 254082 0 0 0 SUSAN MAYS HEAD OF RETAIL OPERATIONS 175070 0 15300 0 436 0 10679 0 15057 0 216542 0 0 0 NISHANT JAIN VP OF ENGINEERING 184531 0 100 0 68 0 6573 0 41080 0 232352 0 0 0 CHRISTOPHER J MCGOWN DIRECTOR OF FACILITIES 152976 0 10190 0 18042 0 9591 0 19240 0 210039 0 0 0 AMIE J HALE VP OF EPMO AND M&A 144195 0 30000 0 44 0 9082 0 334 0 183655 0 0 0 JAKHARA TANDY BSA DIRECTOR/OFFICER 162499 0 7610 0 46 0 6247 0 8666 0 185068 0 0 0 FRANK XIAODONG FENG FINANCIAL SERVICES PROFESSIONAL 845327 0 12464 0 199 0 6377 0 399 0 864766 0 0 0 RICHARD RAMOS FINANCIAL SERVICES PROFESSIONAL 221767 0 4149 0 69 0 11723 0 0 0 237708 0 0 0 MARIA L TRANCOSO SENIOR BUSINESS BANKING OFFICER 159242 0 39981 0 9044 0 12229 0 401 0 220897 0 0 0 ERIC STEINBACK SENIOR BUSINESS BANKING OFFICER 114709 0 72960 0 9046 0 12168 0 58829 0 267712 0 0 0 AARON LEE WILLIAMSON SENIOR BUSINESS BANKING OFFICER 136886 0 47960 0 9068 0 8778 0 35510 0 238202 0 0 0 PART I, LINES 4A-B THE CREDIT UNION PROVIDES CERTAIN INDIVIDUALS WITH A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (PLAN). THE PLAN IS BEING FUNDED VIA LIFE INSURANCE POLICIES AND SPLIT DOLLAR LOAN AGREEMENTS HAVE BEEN ENTERED INTO WITH THE PARTICIPANTS OF THE EXECUTIVES COVERED UNDER THE PLAN. AS PART OF THE SPLIT DOLLAR LOAN AGREEMENTS, THE EXECUTIVES HAVE ASSIGNED THE POLICIES TO THE CREDIT UNION AS COLLATERAL. THIS ASSIGNMENT SECURES REPAYMENT OF ANY ADVANCES AND ACCRUED INTEREST FOR THE POLICY PREMIUMS AND ANY OTHER ADVANCES UNDER ANY AGREEMENT. THE LOANS HAVE A FIXED INTEREST RATE, WITH INTEREST ACCRUED MONTHLY AND CAPITALIZED AS PART OF THE TOTAL LOAN BALANCE ANNUALLY. TOTAL SPLIT DOLLAR LOANS AND ACCRUED INTEREST APPROXIMATED $30,044,132 AND $29,656,213 AS OF DECEMBER 31, 2023 AND 2022,RESPECTIVELY. THE CREDIT UNION MAINTAINS NON-QUALIFIED PENSION PLANS FOR A SELECT GROUP OF MANAGEMENT. PARTICIPANTS ARE ELIGIBLE BASED ON APPROVAL BY THE CREDIT UNION'S BOARD OF DIRECTORS. UNDER THIS PLAN, PARTICIPANTS DEFER A PORTION OF THEIR COMPENSATION. THE DEFERRED COMPENSATION ACCOUNTS ARE SHOWN AS BOTH ASSETS AND LIABILITIES ON THE CREDIT UNION'S FINANCIAL STATEMENTS AND ARE AVAILABLE TO CREDITORS IN THE EVENT OF THE CREDIT UNION'S LIQUIDATION.THE BALANCE OF THE PLAN APPROXIMATED $2,155,492 AND $1,913,012 AS OF DECEMBER 31, 2023 AND 2022, RESPECTIVELY. THE CREDIT UNION MAINTAINS A SUPPLEMENTARY RETIREMENT PLAN (PLAN) WITH CERTAIN EXECUTIVE OFFICERS. THE OBLIGATIONS OF THE CREDIT UNION ARE BASED ON THE CONTRACTED AGREEMENTS WITH APPLICABLE EXECUTIVE OFFICERS.THE BALANCE OF THE PLAN APPROXIMATED $0 AND $11,378,220 AS OF DECEMBER 31, 2023 AND 2022, RESPECTIVELY. NICHOLAS AMBROSINI OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 9900000 10231171 0 1 1 NICHOLAS AMBROSINI OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 7500000 7797248 0 1 1 STEVEN MATEJKA OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 9150000 9456082 0 1 1 JAMES HUSSEY KEY EMPLOYEE AUTO X 77530 26112 0 1 1 BRIDGET JOHNSON KEY EMPLOYEE PERSONAL X 10000 7002 0 1 1 JOSHUA FETTING KEY EMPLOYEE MORTGAGE LOAN X 647200 629015 0 1 1 BRIAN REYNOLDS KEY EMPLOYEE MORTGAGE LOAN X 810000 784245 0 1 1 JAMES HUSSEY KEY EMPLOYEE DEALER NEW CARS, TRUCKS, SUV'S X 15038 7747 0 1 1 JAMES HUSSEY KEY EMPLOYEE DEALER NEW CARS, TRUCKS, SUV'S X 12809 6411 0 1 1 JAMES HUSSEY KEY EMPLOYEE UNSECURED/FIXED X 10000 8628 0 1 1 JAMES HUSSEY KEY EMPLOYEE MORTGAGE LOAN X 485000 456323 0 1 1 29409984 FORM 990, PART VI, SECTION A, LINE 6 VALLEY STRONG CREDIT UNION IS A COOPERATIVE FINANCIAL INSTITUTION THAT IS OWNED AND CONTROLLED BY ITS MEMBERS, AND OPERATED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS TO ITS MEMBERS. VALLEY STRONG CREDIT UNION DOES NOT HAVE STOCKHOLDERS. FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF VALLEY STRONG CREDIT UNION IS COMPRISED OF VOLUNTEER MEMBERS WHO ARE DIRECTLY ELECTED BY ITS MEMBERS. EACH MEMBER OF THE GOVERNING BOARD SERVES FOR A PERIOD AS PRESCRIBED BY ITS BY-LAWS. FORM 990, PART VI, SECTION A, LINE 7B AT THE END OF EACH TERM OF THE BOARD MEMBERS, ELECTIONS ARE HELD AND BOARD MEMBERS ARE VOTED BY THE MEMBERS OF THE CREDIT UNION PURSUANT TO ITS BY-LAWS. MEMBER VOTES ARE ALSO REQUIRED TO RATIFY DECISIONS DEALING WITH REORGANIZATIONS AS IN THE CASE OF MERGER OR DISSOLUTION. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PRESENTED TO THE BOARD DURING ONE OF ITS BOARD MEETINGS. THE APPROVAL FOR FILING IS THEN DOCUMENTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES, BOARD AND VOLUNTEERS ARE REQUIRED TO REPORT KNOWN CONFLICTS OF INTEREST. EMPLOYEES SIGN THE CONFLICT OF INTEREST POLICY AT THE TIME OF HIRE AND ANNUALLY EACH YEAR. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD CONDUCTS AN EXECUTIVE COMMITTEE SESSION TO DETERMINE SALARY OF THE PRESIDENT/CEO. VALLEY STRONG CREDIT UNION ALSO HAS A COMPENSATION SYSTEM THAT COMPARES SALARIES BASED ON OTHER CREDIT UNIONS, THEIR ASSET SIZE AND GEOGRAPHIC LOCATION. VALLEY STRONG CREDIT UNION USES RANGES FOR ALL OF THEIR POSITIONS. EACH POSITION IS THEN CAREFULLY REVIEWED. FORM 990 PART VI SECTION B LINE 15B: THE CEO AND ESC EVALUATES EACH SENIOR EXECUTIVE POSITION IN ACCORDANCE WITH VALLEY STRONG CREDIT UNION'S COMPENSATION GUIDELINES, THE COMPENSATION SYSTEM AND BASED ON THEIR OVERALL PERFORMANCE AS ASSESSED DURING THE FORMAL EVALUATION PROCESS WHICH IS CONDUCTED ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 VALLEY STRONG CREDIT UNION MAKES ITS GOVERNING DOCUMENTS, FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY AVAILABLE TO ITS MEMBERS UPON REQUEST. FORM 990, PART VI, SECTION A, LINE 4: BOARD RESOLUTION APPROVED TO CHANGE THE NUMBER OF BOARD SEATS FROM 13 TO 11. FORM 990, PART XI, LINE 9: CECL TRANSITIONAL AMOUNT (AS DETERMINED UNDER 702.703(B)) -44,823,253. ROUNDING -2. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS NOT CHANGED EITHER ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. VALLEY STRONG VENTURES LLC FKA KERN SCHOOLS FINANCIAL SERVICES LLC 11500 BOLTHOUSE DRIVE BAKERSFIELD CA 93311 061675166 INSURANCE CA -1202394 17537090 VALLEY STRONG CREDIT UNION KERN VENTURE GROUP II LLC 5001 CALIFORNIA AVE STE 214 BAKERSFIELD CA 93309 872175951 INVESTMENT STRATEGY DE N/A UNRELATED -5540 77516 0 0 0.20000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0