2021-11-15T17:56:31-06:00 2020-12-31 810348775 JUNKERMIERCLARKCAMPANELLASTEVENSPC P O BOX 989 GREAT FALLS MT 59403 990 2020-01-01 810247124 VALLEY FINANCIAL CREDIT UNION VALL 4066555053 PO BOX 20417 BILLINGS MT 59104 SCOTT KANNING CHIEF FINANCIAL OFFICER 4066555053 2021-11-12 1 SCOTT KANNING XXX-XX-XXXX LANA KADOSHNIKOV CPA P00441678 4067612820 2021-11-12 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z VALLEY CREDIT UNION DARLA CARD PO BOX 20417 BILLINGS MT 59104 19217930 0 X HTTP://WWW.VALLEYFCU.COM/ X 1949 MT BUILDING RELATIONSHIPS WITH PEOPLE IN OUR COMMUNITIES AND UNITING WITH THEM TO ACHIEVE THEIR DREAMS. 5 5 117 11 35469 2385 0 0 17108851 17465847 1369828 870960 549480 352682 19028159 18689489 0 0 1550628 1347990 5901366 6224619 0 0 0 6663943 7425334 14115937 14997943 4912222 3691546 297066702 344625014 260885066 304751832 36181636 39873182 BUILDING RELATIONSHIPS WITH PEOPLE IN OUR COMMUNITIES AND UNITING WITH THEM TO ACHIEVE THEIR DREAMS. 0 0 VALLEY FINANCIAL CREDIT UNION PROVIDES MEMBERS WITH TOP-NOTCH FINANCIAL SERVICES WITH PERSONALIZED, ACCOMODATING SERVICE. VALLEY FINANCIAL CREDIT UNION OFFERS MEMBERS PERSONAL CHECKING AND SAVINGS ACCOUNTS; BUSINESS ACCOUNTS; CREDIT AND DEBIT CARDS; IRAS; PERSONAL, BUSINESS, VEHICLE, AND HOME LOANS; AND OVERDRAFT PROTECTION. ADDITIONAL SERVICES INCLUDE MUTUAL, MEMBERSHIP BENEFIT PROGRAMS, FINANCIAL EDUCATION, NEWSLETTERS, DEPOSIT AND LOAN INSURANCE PROTECTION, AND CONSUMER INFORMATION. 0 0 0 0 0 0 0 1 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 46 0 1 117 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X THE ORGANIZATION 4066555053 PO BOX 20417 BILLINGS MT 59104 DARLA CARD CHIEF EXECUTIVE OFFICER 40.00 X 241954 0 32113 SCOTT KANNING CHIEF FINANCIAL OFFICER 40.00 X 124894 0 16580 CASEY KLEIN SENIOR VICE PRESIDENT 40.00 X 94612 0 35603 CINDY ROESLER CHIEF RISK OFFICER 40.00 X 114996 0 23149 KINDRA MCMULLIN CHIEF OPERATIONS OFFICER 40.00 X 114795 0 18470 REG GIBBS BOARD CHAIRMAN 1.00 X X 0 0 0 WES OJA VICE CHAIRMAN 1.00 X X 0 0 0 KENDRA MORAN SECRETARY/TREASURER (RESIGNED) 1.00 X X 0 0 0 BEA ANN MELICHAR SECRETARY/TREASURER 1.00 X X 0 0 0 CHUCK SOMMERS DIRECTOR 1.00 X 0 0 0 ANN ADAIR DIRECTOR 1.00 X 0 0 0 691251 0 125915 4 0 1 0 FISERV 255 FISERVE DRIVE BROOKFIELD WI 53045 PROCESSING SERVICES 1520743 TW CLARK CONSTRUCTION LLC 1117 N EVERGREEN SPOKANE WA 99216 CONSTRUCTION 473285 A D CREATIVE GROUP 105 N BROADWAY BILLINGS MT 59101 ADVERTISING 340124 CUSHING TERRELL 13 N 23RD ST BILLINGS MT 59101 ARCHITECTURE 247675 MAILING TECHNICAL SERVICES 850 S 27TH ST BILLINGS MT 59101 MAILING SERVICES 160399 6 LOAN INTEREST 522100 12159239 12159239 LOAN, SHARE AND OTHER FEES 522100 4664391 4634022 30369 MEMBER CREDIT LIFE AND CREDIT DIS 522100 642217 642217 17465847 870960 870960 386053 528441 -142388 -142388 -142388 OTHER MEMBER INSURANCE INCOME 522100 489063 483963 5100 PARTNER LOAN ADMINISTRATION 522100 6007 6007 495070 18689489 17925448 35469 728572 1347990 545757 4634854 138531 527204 378273 109934 31962 115506 436046 1109110 423374 527 61059 619839 53520 PROCESSING CHARGES AND 2027481 PROVISION FOR LOAN AND 1655090 LOAN SERVICING 602949 ASSOCIATION DUES 80085 98852 14997943 3750573 18654761 26858787 57473398 1512120 1473076 219324331 219258030 483741 365641 16711875 7804808 8848570 8907067 33055479 34782254 3233101 3710787 297066702 344625014 1912547 1331546 24098 18326 284719 316659 258663702 303085301 260885066 304751832 X 0 0 0 0 36181636 39873182 36181636 39873182 297066702 344625014 3691546 0 X 0 0 0 0 1 X 2099874 2099874 9348142 4441058 4907084 563935 206532 357403 4337117 2882277 1454840 362807 274941 87866 8907067 BANK CERTIFICATES OF DEPOSIT 27279000 C CREDIT UNION CERTIFICATES OF DEPOSIT 5970000 C CORPORATE CU CERTIFICATES OF DEPOSIT 200000 C HTM SECURITIES 250000 C FHLB MEMBERSHIP STOCK 356500 C CLF MEMBERSHIP STOCK 698273 C OTHER INVESTMENTS 76 C CUSO INVESTMENT ACCOUNT 3780 C PACTOLA CUSO MEMBERSHIP 24625 C 34782254 MEMBERS' SHARE, SAVINGS, AND OTHER ACCOUNTS 302865874 ATM CLEARING 219012 DIVIDENDS PAYABLE 415 303085301 PART IV, LINE 2B: VALLEY CREDIT UNION HOLDS MORTGAGE ESCROWS AND REPORTS ON PART X. THESE MORTGAGE ESCROWS ARE FOR FIRST MORTGAGE AND MOBILE HOME LOANS IN WHICH VALLEY IS IN THE FIRST POSITION. FUNDS IN THESE ESCROWS ARE INTENDED FOR SHORT-TERM PAYABLES SUCH AS PROPERTY TAXES AND INSURANCE. VALLEY CREDIT UNION BELIEVES PROVIDING THESE ESCROWS HELPS ITS MEMBERS EFFECTIVELY BUDGET FOR AND MANAGE HOME OWNERSHIP. X X X X 0 0 0 DARLA CARD CHIEF EXECUTIVE OFFICER 212254 0 29700 0 0 0 10517 0 21596 0 274067 0 0 0 PART I, LINE 3 VALLEY CREDIT UNION HAS HIRED COMPENSATION CONSULTANT D. HILTON TO ASSIST WITH MAKING FAIR AND APPROPRIATE COMPENSATION DECISIONS. THIS INDEPENDENT CONSULTING FIRM SPECIALIZES IN PROVIDING GUIDANCE TO CREDIT UNIONS. D. HILTON PROVIDES THE BOARD WITH A REPORT INCLUDING A COMPENSATION SURVEY AND THE BOARD USES THIS INDEPENDENT INFORMATION TO DETERMINE THE CEO'S REGULAR COMPENSATION. THE BOARD USES PRIMARILY A MATHEMATICAL FORMULA TO DETERMINE THE CEO'S INCENTIVE COMPENSATION; THIS FORMULA IS BASED ON CREDIT UNION PERFORMANCE FACTORS. THERE IS ONLY A SMALL COMPONENT OF CEO INCENTIVE COMPENSATION THAT IS AT THE BOARD'S DISCRETION. FORM 990, PART VI, SECTION A, LINE 6 VALLEY FINANCIAL CREDIT UNION HAS 32,822 CREDIT UNION MEMBERS AS OF DECEMBER 31, 2020. VALLEY CREDIT UNION'S FIELD OF MEMBERSHIP INCLUDES PERSONS WHO LIVE, WORK, WORSHIP OR ATTEND SCHOOL IN AND BUSINESSES AND OTHER LEGAL ENTITIES LOCATED IN BIG HORN, CARBON, GALLATIN, GOLDEN VALLEY, MUSSELSHELL, PARK, STILLWATER, SWEET GRASS, TREASURE OR YELLOWSTONE COUNTIES, MONTANA OR PARK COUNTY WYOMING. ADDITIONALLY, MEMBERSHIP IS AVAILABLE TO SPOUSES OF PERSONS WHO DIED WHILE WITHIN THE FIELD OF MEMBERSHIP OF THIS CREDIT UNION; PERSONS RETIRED AS PENSIONERS OR ANNUITANTS FROM THE ABOVE EMPLOYMENT; MEMBERS OF THEIR IMMEDIATE FAMILIES; AND ORGANIZATIONS OF SUCH PERSONS. RELATIVES OF MEMBERS ARE ELIGIBLE REGARDLESS OF WHERE THEY LIVE AND WORK. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER IS ENTITLED TO ONE VOTE AT ANNUAL MEETINGS WHERE THE BOARD OF DIRECTORS IS ELECTED. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN SIGNIFICANT DECISIONS ARE SUBJECT TO MEMBER APPROVAL. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WILL BE REVIEWED BY EXECUTIVE MANAGEMENT PRIOR TO FILING. IT WILL BE SHOWN TO THE BOARD AT THE FIRST AVAILABLE MEETING. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEE SHARE AND LOAN ACCOUNTS ARE MONITORED BY COMPLIANCE PERSONNEL. ALL EMPLOYEES ARE REQUIRED TO CONFIRM COMPLIANCE WITH POLICIES ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS HAS CONTRACTED WITH D. HILTON TO REVIEW AND RECOMMEND THE CEO COMPENSATION PACKAGE. VALLEY HAS ALSO CONTRACTED WITH D HILTON TO REVIEW AND RECOMMEND COMPENSATION PACKAGES FOR MANAGEMENT AND ALL POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 MONTHLY FINANCIAL STATEMENTS ARE POSTED IN ALL BRANCH LOBBIES. QUARTERLY CALL REPORTS ARE AVAILABLE AT NCUA.GOV. ANNUAL FINANCIAL STATEMENTS ARE DISTRIBUTED AT THE ANNUAL MEETING. ALL OTHER DOCUMENTS REQUIRED TO BE AVAILABLE TO THE PUBLIC ARE AVAILABLE ON REQUEST. VALLEY CUSO LLC 207 N BROADWAY SUITE 415 BILLINGS MT 59101 462095841 INACTIVE MT 0 3780 VALLEY FINANCIAL CREDIT UNION SCHEDULE R PART I(B) VALLEY CUSO, LLC NO LONGER ACTIVELY PARTICIPATES IN ANY LINE OF BUSINESS. ITS ONLY ACTIVITY IN 2020 WAS PAYMENT OF AN ANNUAL LLC FILING FEE TO THE MONTANA SECRETARY OF STATE.