2025-10-28T20:09:35-05:00 2024-12-31 954083485 TURNER WARREN HWANG & CONRAD ACCTCY 100 NORTH FIRST ST STE 202 BURBANK CA 91502 990 2024-01-01 951652797 VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION VALL 6618337900 11500 BOLTHOUSE DRIVE BAKERSFIELD CA 93311 LINDSAY REYES SVP/CFO 6618337900 2025-10-27 1 1 NATALIE HULL CPA P00089332 8189549700 2024 2025-03-06 01:10:19Z NICHOLAS AMBROSINI 11500 BOLTHOUSE DRIVE BAKERSFIELD CA 93311 300603596 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 11 696 14 2182274 91000 0 0 234095978 229921616 15995953 20766370 14982984 13010862 265074915 263698848 1782117 2315876 0 0 67769039 66130219 0 0 0 177446160 164941790 246997316 233387885 18077599 30310963 4028096555 3916563936 3745796702 3598601030 282299853 317962906 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 VALLEY STRONG CREDIT UNION IS A MEMBER-OWNED FINANCIAL INSTITUTION, WITH A MISSION TO TURN PEOPLE'S FINANCIAL POSSIBILITIES INTO FINANCIAL REALITIES. WE WORK EVERY DAY TO CREATE A BETTER TOMORROW FOR OUR CHILDREN AND FAMILIES. WE ARE HERE TO STAY AND GROW TOGETHER, AND HERE TO DISCOVER THE BEST FINANCIAL POSSIBILITIES FOR THE BEST POSSIBLE OUTCOMES. WE ARE ONE OF THE LARGEST CREDIT UNIONS HEADQUARTERED IN THE SAN JOAQUIN VALLEY AND NORTHERN CALIFORNIA WITH AN ASSET SIZE OF NEARLY $4 BILLION.MEMBERSHIP EDUCATION CONFERENCES: WE HAVE EXTENSIVE WORKSHOP/ONLINE SEMINAR PROGRAMS WITH TOPICS WHICH TYPICALLY ARE HELD 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 1 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 44666 0 1 696 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 DR S WILLIAM BRUCE BOARD CHAIRPERSON 3.00 X 0 0 0 DR BRYON SCHAEFER 1ST VICE CHAIRMAN 3.00 X 6142 0 0 VALENCIA JONES 2ND VICE CHAIRMAN 3.00 X 2208 0 0 MARILYN JONES SECRETARY 3.00 X 0 0 0 DENNIS SCOTT TREASURER 3.00 X 1165 0 0 JOE DREW BOARD MEMBER 2.00 X 0 0 0 JOANNE MILLS BOARD MEMBER 2.00 X 810 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 1626 0 0 TROY FRINGER SUPV CMTE CHAIR 3.00 X 808 0 0 RAMON HENDRIX SUPV CMTE MEMBER 2.00 X 3525 0 0 TENIELLE TENSLEY SUPV CMTE MEMBER 2.00 X 1862 0 0 NICHOLAS AMBROSINI PRESIDENT/CEO 40.00 X 1475711 0 84136 LINDSAY REYES SVP/CFO 40.00 X 508591 0 82451 MICHAEL P DUFFY RETIRED EVP/CHIEF ADVOCACY OFFICER 0.00 X 4465260 0 83960 MIRELLA ELIZABETH REZNIC EVP/CHIEF STRATEGY OFFICER 40.00 X 958430 0 52577 STEVEN MATEJKA EVP/CHIEF OPERATING OFFICER 40.00 X 908495 0 52830 CHARLES ALLEN SMITH SVP/CHIEF LENDING OFFICER 40.00 X 543802 0 40140 ERIN RICKELLE ESTELLE SVP/CHIEF MARKETING OFFICER 40.00 X 538738 0 76003 LINDSEY A BALUKOFF STRANGE SVP/CHIEF RETAIL OFFICER 40.00 X 528421 0 9186 STEPHEN C ROACH RETIRED SVP/CHIEF DIGITAL OFFICER 0.00 X 525276 0 74676 DEANNA L BLAISE SVP/CHIEF BUSINESS OFFICER 40.00 X 508047 0 75582 MARK MANNS SVP/CHIEF HUMAN RESOURCES 40.00 X 448988 0 46893 NIKI MYRTO KOIMTZOGLOU SVP/CHIEF COMPLIANCE OFFICER 40.00 X 346621 0 84306 NILENDU SAHA SVP/CHIEF TECH OFFICER 40.00 X 260100 0 16705 KEVIN LEE EMPERGER-LANDEL SVP/CHIEF TECH OFFICER 40.00 X 188723 0 35880 NORA M STROH RETIRED LEGACY AMBASSADOR 0.00 X 1601812 0 62807 STEVEN G LEIGA RETIRED VP OF ACCOUNTING 0.00 X 1565315 0 83960 JAMES B HUSSEY VP OF WEALTH MANAGEMENT 40.00 X 437969 0 83053 BRIAN GRANT REYNOLDS VP OF REAL ESTATE LENDING 40.00 X 406965 0 18623 KEVIN MICHAEL LANGE VP OF FINANCE AND CAPITAL MARKETS 40.00 X 335655 0 77539 JOSHUA ALLEN FETTING VP OF CONSUMER LENDING 40.00 X 312280 0 54960 CHRISTOPHER C TRIVERS VP SALESFORCE ENTERPRISE 40.00 X 285710 0 80543 RICHARD NEAL SAZAMA VP OF FACILITIES AND CAPITAL PROJECTS 40.00 X 275274 0 9780 SHIRA B SPECTOR VP OF BUSINESS STRATEGY & INSIGHT 40.00 X 271480 0 16185 CHEI WHITMORE MARKET PRESIDENT 40.00 X 264626 0 75452 KATHLEEN JULIA KELLY MARKET PRESIDENT 40.00 X 259391 0 51348 BRIDGET LYNN JOHNSON MARKET PRESIDENT 40.00 X 236221 0 63153 KYLE DUEY DIRECTOR OF CONSUMER LENDING SALES AND SERVIC 40.00 X 234887 0 11831 STACY PHELPS VP OF ACCOUNTING 40.00 X 225500 0 13911 VANESSA L HUDSON DIRECTOR OF BUSINESS LENDI 40.00 X 216537 0 72294 CHRISTINA ANN TRAYERS VP OF PRODUCT AND DIGITAL SOLUTIONS 40.00 X 194085 0 9525 CHRISTOPHER J MCGOWN DIRECTOR OF FACILITIES 40.00 X 187305 0 31298 NISHANT JAIN VP OF ENGINEERING 40.00 X 183000 0 44379 MARICRUZ RAINEY DIRECTOR OF COMPLIANCE 40.00 X 181681 0 31396 SUSAN MAYS HEAD OF RETAIL OPERATIONS 40.00 X 180521 0 27102 FRANK XIAODONG FENG LICENSED FINANCIAL ADVISOR 40.00 X 1005110 0 9588 EDWARD KEELIN JR IT GOVERNANCE MANAGER 40.00 X 300279 0 6332 RICHARD RAMOS LICENSED FINANCIAL ADVISOR 40.00 X 267423 0 9304 ERIC STEINBACK SENIOR BUSINESS BANKING OF 40.00 X 230086 0 22725 MARIA L TRANCOSO SENIOR BUSINESS BANKING OFFICER 40.00 X 226270 0 10656 22108731 0 1793069 113 1 1 0 KLASSEN AND SMITH CONSTRUCTION INC 1502 MILL ROCK WAY SUITE 170 BAKERSFIELD CA 93311 CONSTRUCTION CONTRACTOR 5537808 ALKAMI TECHNOLOGY INC DEPT 2223 PO BOX 122223 DALLAS TX 753122223 ONLINE BANKING PROVIDER 3350914 ALM FIRST GROUP LLC 3800 MAPLE AVE STE 600 DALLAS TX 75219 PROFESSIONAL FINANCIAL SERVICES & ADVISI 3120037 COBRA EQUITY HOLDCO LLC DBA EXETER FINAN 2101 W JOHN CARPENTER FWY IRVING TX 75063 FRANCHISE & INDEPENDENT DEALERSHIP FINAN 2970603 XPRESS DATA INC 10983 VIA FRONTERA SAN DIEGO CA 92127 STATEMENT PROVIDER 2949620 86 INTEREST ON LOANS 522100 174007348 174007348 OTHER OPERATING INCOME 522100 40574315 40388784 185531 FEE INCOME 522100 15339953 14349130 990823 229921616 21378168 20372248 1005920 36292950 36904748 -611798 -611798 -611798 GAIN ON ALL OTHER INVE 522100 13010862 13010862 13010862 263698848 261516574 2182274 0 2310376 5500 22108731 30824965 2400354 6973185 3822984 2577067 152825 14697498 6493734 17403474 11238327 5569949 2149838 59041785 5039164 1208048 PROVISION FOR LOAN AND 30370721 LOAN SERVICING EXPENSE 7032757 MISC OPERATING EXPENSES 1152643 LOSS ON SALES OF LOANS 417288 396672 233387885 110154418 114440405 26692464 16301537 29409984 30333939 7634614 6862650 172551800 78827407 87728935 93724393 447379504 452653165 20998173 119808775 3208912283 2974451023 11287740 11287740 77898440 96700309 4028096555 3916563936 87641074 69329932 3658155628 3529271098 3745796702 3598601030 X 0 0 0 0 282299853 317962906 282299853 317962906 4028096555 3916563936 30310963 5352090 0 X X 0 1 X 1 0 76800 76800 76800 1 CALIFORNIA CREDIT UNION LEAGUE 2855 EGUASTI RD STE 202 ONTARIO CA 917611249 940357265 25000 GREATER BAKERSFIELD CHAMBER OF COMMERCE PO BOX 1947 BAKERSFIELD CA 93303 950521125 1000 ROBERT RIVAS FOR ASSEMBLY 2024 PO BOX 2385 SALINAS CA 93902 2500 CCUL - PAC 1201 K ST STE 1050 SACRAMENTO CA 95814 942329967 38300 BIG VALLEY FUND 1635 E CAMBRIDGE AVE FRESNO CA 93704 934576659 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 INDIVIDUAL RUNNING FOR STATE ASSEMBLY IN 2024. FOLLOWING IS THE NAME, ADDRESS AND FPPC# OF THE CAMPAIGN. ROBERT RIVAS P.O. BOX 2385 SALINAS, CA 93902 ID# 1476818 11458315 11458315 68323926 22026922 46297004 35423444 6430435 28993009 57346115 50370050 6976065 93724393 PAID-IN CAPITAL AT CORP 2119587 C ALL OTHER INVESTMENTS 126840599 F NCUA SHARE INSURANCE CAPITALIZATION DEPOSIT 31223065 C NET LOANS AND LEASES 2809159903 F DEPOSITS IN COMMERCIAL BANKS 5107869 C 2974451023 TOTAL SHARE AND DEPOSITS 3450925867 ACCRUED DIVIDENDS & INTEREST PAYABLE ON SHARES & DEPOSITS 345231 BORROWINGS 78000000 3529271098 X 263279842 0 263279842 419006 419006 263698848 232968881 0 232968881 419004 419004 233387885 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION FROM REVENUE TO EXPENSE 419,005. ROUNDING 1. PART XII, LINE 4B - OTHER ADJUSTMENTS: RECLASSIFICATION FROM REVENUE TO EXPENSE 419,005. ROUNDING -1. 1 BAKERSFIELD COLLEGE FOUNDATION INC 1801 PANORAMA DR BAKERSFIELD CA 93305 510151490 501(C)(3) 500000 0 FMV TO ASSIST IN EXPANDING OPPORTUNITIES FOR STUDENTS BY FUNDING SCHOLARSHIPS & ENHANCING COLLEGE FACILITIES. CUSPINCDBA CU STRATEGIC PLANNING 950 BROADWAY STE 403 TACOMA WA 98402 462028349 501(C)(6) 105000 0 FMV TO PROVIDE FINANCIAL EDUCATION RESOURCES FOR CREDIT UNIONS. CHILDREN'S MIRACLE NETWORK HOSPITALS 18400 VON KARMAN AVE STE 900 IRVINE CA 92612 870387205 501(C)(3) 117500 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) 310500 0 FMV TO ASSIST CSU BAKERSFIELD IN PROVIDING SCHOLARSHIPS & IMPROVING CAMPUS FACILITIES. GREATER BAKERSFIELD CHAMBER OF COMMERCE PO BOX 1947 BAKERSFIELD CA 93303 950521125 501(C)(6) 70000 0 FMV TO ASSIST IN PROVIDING NETWORKING AND PROMOTIONAL OPPORTUNITIES OF MEMBER BUSINESSES. KERN HIGH SCHOOL DISTRICT 5801 SUNDALE AVE BAKERSFIELD CA 93309 956001764 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)(6) 35000 0 FMV TO PROVIDE RESOURCES FOR WOMEN AT A CROSSROADS. MEALS ON WHEELS OF SOLANO COUNTY INC 95 MARINA CENTER SUISUN CA 94585 942453452 501(C)(3) 28400 0 FMV TO SUPPORT THE INDEPENDENCE, HEALTH, AND WELL-BEING OF SENIORS BY REGULARLY PROVIDING NUTRITIOUS MEALS AND HUMAN CONNECTION. AMERICAN HEART ASSOCIATION INC 2007 O ST SACRAMENTO CA 95811 135613797 501(C)(3) 25000 0 FMV TO ASSIST IN THE ADVANCEMENT OF CARDIOVASCULAR HEALTH FOR ALL. CALIFORNIA FORWARD 1611 SYCAMORE AVE5369 HERCULES CA 94547 260566540 501(C)(3) 25000 0 FMV TO HELP BUILD A NEW CALIFORNIA ECONOMY THAT IS RESILIENT, SUSTAINABLE, AND INCLUSIVE. KERN COUNTY HISPANIC CHAMBER OF COMMERCE 1601 H ST STE 201A 2ND FL BAKERSFIELD CA 93301 680182048 501(C)(6) 25000 0 FMV TO PROMOTE HISPANIC AND MINORITY-OWNED BUSINESSES, AND THOSE THAT CATER TO, OR EMPLOY HISPANICS BY BEING ACTIVE AND VISIBLE IN THE COMMUNITY AND BY RAISING THE LEVEL OF AWARENESS OF OUR MEMBER'S NEEDS IN THE BUSINESS COMMUNITY. TAFT COLLEGE FOUNDATION 29 COUGAR CT TAFT CA 93268 432023035 501(C)(3) 25000 0 FMV TO ELEVATE EDUCATION INNOVATION AND INCREASE THE OPPORTUNITIES AND ACCESS TO EDUCATION FOR ALL BLUE COURT RUNNERS LLC 2031 F ST BAKERSFIELD CA 93301 992499871 501(C)(6) 20000 0 FMV TO SUPPORT STUDENT-ATHLETES AT CAL STATE BAKERSFIELD BY FACILITATING LEGAL AND COMPLIANT NIL OPPORTUNITIES AS WELL AS HELPING THOSE ATHLETES PREPARE FOR THE FUTURE. GLOBAL FAMILY CARE NETWORK INC PO BOX 13160 BAKERSFIELD CA 93389 208346599 501(C)(3) 27500 0 FMV TO ASSIST IN THE DAUGHTER PROJECT WHICH PROVIDES A POSITIVE SOCIAL ENVIRONMENT WHERE YOUTH CAN RECEIVE INTERVENTION AND TREATMENT SERVICES. KERN COUNTY SUPERINTENDENT OF SCHOOLS EDUCATIONAL 1300 17TH STCITY CENTRE/5TH FLOOR BAKERSFIELD CA 93301 770383293 501(C)(3) 40000 0 FMV TO SUPPORT LOCAL DISTRICTS WILL FOSTER THE NEEDED RESOURCES FOR ALL OF OUR STUDENTS FROM CRADLE TO CAREER. MENDIBURU MAGIC FOUNDATION AGAINST CANCER PO BOX 20687 BAKERSFIELD CA 93390 311742956 501(C)(3) 30200 0 FMV TO SUPPORT CANCER CARE AND ASSISTANCE FOR CHILDREN SUFFERING FROM ANY LIFE THREATENING ILLNESS. COURT APPOINTED SPECIAL ADVOCATES OF KERN COUNTY 1717 COLUMBUS ST BAKERSFIELD CA 93305 770344298 501(C)(3) 15000 0 FMV TO SUPPORT VOLUNTEERS FROM COMMUNITIES THROUGHOUT KERN COUNTY TO SERVE AS ADVOCATES IN CHILD PROTECTION PROCEEDINGS. LINKS FOR LIFE INC PO BOX 9333 BAKERSFIELD CA 93389 931088003 501(C)(3) 15000 0 FMV TO PROMOTE BREAST CANCER AWARENESS AND PROVIDE SERVICES FOR WOMEN COPING WITH CANCER SPADE ENTERTAINMENT LLC 3566 RYAN DR DIAMOND SPRINGS CA 95619 372064916 501(C)(6) 15000 0 FMV TO SUPPORT DEEP ROOTS IN THE BAKERSFIELD COMMUNITY ON THE NATIONAL SPORTS SCENE. WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC PO BOX 2982 MADISON WI 53701 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. KG (US) OILERS CORP DBA BAKERSFIELD CONDORS PO BOX 1806 BAKERSFIELD CA 93303 464459706 501(C)(6) 12500 0 FMV TO HELP THE EVENT ORGANIZER COVER COSTS AND POTENTIALLY INCREASE THE QUALITY AND REACH OF THE CONCERT AMERICAN CANCER SOCIETY 5420 CALIFORNIA AVE BAKERSFIELD CA 93309 131788491 501(C)(3) 10000 0 FMV TO IMPROVE THE LIVES OF PEOPLE WITH CANCER AND THEIR FAMILIES THROUGH ADVOCACY, RESEARCH, AND PATIENT SUPPORT. BAKERSFIELD COLLEGE FOUNDATION INC 1801 PANORAMA DR BAKERSFIELD CA 93305 510151490 501(C)(3) 19250 0 FMV TO ASSIST IN EXPANDING OPPORTUNITIES FOR STUDENTS BY FUNDING SCHOLARSHIPS & ENHANCING COLLEGE FACILITIES. BAKERSFIELD MEMORIAL HOSPITAL FOUNDATION PO BOX 2401 BAKERSFIELD CA 93303 953555043 501(C)(3) 10000 0 FMV TO IMPROVE THE CAPACITY OF THE FACILITIES AT BAKERSFIELD MEMORIAL HOSPITAL HAS A DIRECT AND POSITIVE IMPACT NOT ONLY ON THE HEALTHCARE AVAILABLE IN BAKERSFIELD BUT ALSO ON THE QUALITY OF LIFE IN OUR ENTIRE REGION. C&P PROMOTIONS LLC PO BOX 5010 BAKERSFIELD CA 95205 465355517 501(C)(6) 15000 0 FMV TO CONTRIBUTE TO THE DEVELOPMENT OF THE SPORT, AND STRENGTHENING THE COMMUNITY THAT SURROUNDS IT. 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. GAMEDAY SPORTS ACADEMY 3101 GILMORE AVE STE 100 BAKERSFIELD CA 93308 834479668 501(C)(6) 10000 0 FMV TO SUPPORT ACTIVITIES AND EVENTS THAT BENEFIT THE HEALTH AND WELL-BEING OF YOUNG ATHLETES IN OUR COMMUNITY. KERN ECONOMIC DEVELOPMENT CORPORATION PO BOX 1033 BAKERSFIELD CA 93302 770151886 501(C)(6) 10000 0 FMV TO CONNECT EDUCATION INITIATIVES, COMMUNITY PARTNERSHIPS, AND BUSINESS LEADERS ON PROJECTS TO DEVELOP THE LOCAL WORKFORCE TO MEET THE NEEDS OF THE LOCAL ECONOMY. MARY GRAHAM CHILDRENS FOUNDATION PO BOX 792 STOCKTON CA 95201 943377000 501(C)(3) 10000 0 FMV TO ASSIST IN PROVIDING AGED OUT FOSTER YOUTH WITH COLLEGE OR TRADE SCHOOL SCHOLARSHIPS. 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. THE CHILDREN'S MUSEUM OF THE SEQUIOAS DBA IMAGINEU PO BOX 688 VISALIA CA 93279 331005895 501(C)(3) 10000 0 FMV TO CREATE A LASTING IMPACT ON THE NEXT GENERATION BY FOSTERING CREATIVITY, PROBLEM-SOLVING, AND LEARNING THROUGH PLAY. TULARE CHAMBER OF COMMERCE PO BOX 1435 TULARE CA 93275 940936293 501(C)(6) 10000 0 FMV TO ASSIST IN PROVIDING NETWORKING AND PROMOTIONAL OPPORTUNITIES OF MEMBER BUSINESSES. NAMI KERN COUNTY CHAPTER PO BOX 9144 BAKERSFIELD CA 93389 770289372 501(C)(3) 8000 0 FMV TO PROVIDE SUPPORT, EDUCATION AND ADVOCACY FOR PERSON WITH MENTAL ILLNESS, THEIR FAMILIES AND FRIENDS. ASSISTANCE LEAGUE OF BAKERSFIELD PO BOX 2286 BAKERSFIELD CA 93311 953502393 501(C)(3) 7500 0 FMV TO TRANSFORM THE LIVES OF CHILDREN AND ADULTS THROUGH COMMUNITY PROGRAMS. FAMILY RESOURCE & REFERRAL CENTER OF SAN JOAQUIN 3127 TRANSWORLD DR STE 100 STOCKTON CA 95206 941691503 501(C)(3) 7500 0 FMV TO PROVIDE ADVOCACY, INFORMATION, EDUCATION, NUTRITIONAL SUPPORT, TRAINING, AND CHILDCARE SERVICES. THE OPEN DOOR NETWORK DBA ALLIANCE AGAINST FAMILY 1921 19TH ST BAKERSFIELD CA 93301 953604240 501(C)(3) 7500 0 FMV TO PROVIDE CARE AND ASSISTANCE GIVING HOPE AND RESTORATION TO FAMILIES EXPERIENCING HOMELESSNESS, DOMESTIC VIOLENCE, SEXUAL ASSAULT AND HUMAN TRAFFICKING. VISALIA EMERGENCY AID COUNCIL PO BOX 651 VISALIA CA 93279 941294955 501(C)(3) 7500 0 FMV TO DIMINISH HUNGER BY MANAGING A FOOD PANTRY AND PROVIDING OTHER SERVICES TO LOW-INCOME FAMILIES AND INDIVIDUALS IN OUR COMMUNITY. VACAVILLE CHAMBER OF COMMERCE 411 DAVIS ST STE 101 VACAVILLE CA 95688 941111162 501(C)(6) 12965 0 FMV TO ASSIST IN PROVIDING NETWORKING AND PROMOTIONAL OPPORTUNITIES OF MEMBER BUSINESSES. 7TH INNING STRETCH LLC DBA STOCKTON PORTS BASEBALL 404 W FREMONT ST STOCKTON CA 95203 330900494 501(C)(6) 6000 0 FMV TO SUPPORT LOCAL COMMUNITIES AND SPORTS. BOYS & GIRLS CLUB OF KERN COUNTY 801 NILES ST PO BIN 5J BAKERSFIELD CA 93385 952462246 501(C)(3) 6000 0 FMV TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. FILIPINO AMERICAN NATIONAL HISTORICAL SOCIETY PO BOX 7452 STOCKTON CA 95267 874732185 501(C)(3) 6000 0 FMV TO ENABLE ALL YOUNG PEOPLE, ESPECIALLY THOSE WHO NEED US MOST, TO REACH THEIR FULL POTENTIAL AS PRODUCTIVE, CARING, RESPONSIBLE CITIZENS. KERN COUNTY NETWORK FOR CHILDREN 1300 17TH ST BAKERSFIELD CA 93301 330552738 501(C)(3) 6000 0 FMV TO SUPPORT EQUITY-FOCUSED LEADERSHIP, EDUCATION AND SUPPORT FOR STUDENTS, SCHOOL DISTRICTS AND THE COMMUNITY THROUGH PROGRAMS, SERVICES AND FISCAL ACCOUNTABILITY.TO PROMOTE UNDERSTANDING, EDUCATION, ENLIGHTENMENT, APPRECIATION AND ENRICHMENT THROUGH THE IDENTIFICATION, GATHERING, PRESERVATION AND DISSEMINATION OF THE HISTORY AND CULTURE OF FILIPINO AMERICANS IN THE UNITED STATES COMMUNITY ACTION PARTNERSHIP OF KERN 5005 BUSINESS PARK NORTH BAKERSFIELD CA 93309 952402760 501(C)(3) 5819 0 FMV TO SERVE THE MOST VULNERABLE POPULATIONS IN THE REGION. KERN COMMUNITY FOUNDATION 5701 TRUXTUN AVE STE 110 BAKERSFIELD CA 93309 770555874 501(C)(3) 10200 0 FMV TO SUPPORT HIGHER EDUCATION, AND TO FOSTER THE IMPROVEMENT OF STUDENTS AS THEY PURSUE THEIR DIVERSE AMBITIONS. BAKERSFIELD CITY BALLET 2810 N CHURCH ST 53748 WILMINGTON DE 19802 770335833 501(C)(3) 5150 0 FMV TO SUPPORT OUR COMMUNITY INSPIRED AND ENTERTAINED THROUGH THE ART OF BALLET. 31 14 SCHOLARSHIPS 3 5500 FMV X X 1 1 X X X X 1 1 0 NICHOLAS AMBROSINI PRESIDENT/CEO 866525 0 579083 0 30103 0 20700 0 63436 0 1559847 0 0 0 LINDSAY REYES SVP/CFO 375233 0 115290 0 18068 0 19015 0 63436 0 591042 0 0 0 MICHAEL P DUFFY RETIRED EVP/CHIEF ADVOCACY OFFICER 4465260 0 0 0 0 0 20700 0 63260 0 4549220 0 0 0 MIRELLA ELIZABETH REZNIC EVP/CHIEF STRATEGY OFFICER 550188 0 135130 0 273112 0 20320 0 32257 0 1011007 0 0 0 STEVEN MATEJKA EVP/CHIEF OPERATING OFFICER 640012 0 250310 0 18173 0 20573 0 32257 0 961325 0 0 0 CHARLES ALLEN SMITH SVP/CHIEF LENDING OFFICER 455357 0 70140 0 18305 0 20077 0 20063 0 583942 0 0 0 ERIN RICKELLE ESTELLE SVP/CHIEF MARKETING OFFICER 360541 0 85130 0 93067 0 12567 0 63436 0 614741 0 0 0 LINDSEY A BALUKOFF STRANGE SVP/CHIEF RETAIL OFFICER 355188 0 80120 0 93113 0 9162 0 24 0 537607 0 0 0 STEPHEN C ROACH RETIRED SVP/CHIEF DIGITAL OFFICER 525276 0 0 0 0 0 20700 0 53976 0 599952 0 0 0 DEANNA L BLAISE SVP/CHIEF BUSINESS OFFICER 324725 0 85150 0 98172 0 12146 0 63436 0 583629 0 0 0 MARK MANNS SVP/CHIEF HUMAN RESOURCES 300506 0 70310 0 78172 0 14636 0 32257 0 495881 0 0 0 NIKI MYRTO KOIMTZOGLOU SVP/CHIEF COMPLIANCE OFFICER 281389 0 65120 0 112 0 11177 0 73129 0 430927 0 0 0 NILENDU SAHA SVP/CHIEF TECH OFFICER 224903 0 100 0 35097 0 11106 0 5599 0 276805 0 0 0 KEVIN LEE EMPERGER-LANDEL SVP/CHIEF TECH OFFICER 127314 0 55000 0 6409 0 10944 0 24936 0 224603 0 0 0 NORA M STROH RETIRED LEGACY AMBASSADOR 1601812 0 0 0 0 0 20700 0 42107 0 1664619 0 0 0 STEVEN G LEIGA RETIRED VP OF ACCOUNTING 1565315 0 0 0 0 0 20700 0 63260 0 1649275 0 0 0 JAMES B HUSSEY VP OF WEALTH MANAGEMENT 207672 0 230228 0 69 0 19617 0 63436 0 521022 0 0 0 BRIAN GRANT REYNOLDS VP OF REAL ESTATE LENDING 374663 0 14130 0 18172 0 18112 0 511 0 425588 0 0 0 KEVIN MICHAEL LANGE VP OF FINANCE AND CAPITAL MARKETS 227984 0 25130 0 82541 0 14103 0 63436 0 413194 0 0 0 JOSHUA ALLEN FETTING VP OF CONSUMER LENDING 277093 0 17120 0 18067 0 16637 0 38323 0 367240 0 0 0 CHRISTOPHER C TRIVERS VP SALESFORCE ENTERPRISE 260278 0 25110 0 322 0 17107 0 63436 0 366253 0 0 0 RICHARD NEAL SAZAMA VP OF FACILITIES AND CAPITAL PROJECT 222355 0 34844 0 18075 0 9780 0 0 0 285054 0 0 0 SHIRA B SPECTOR VP OF BUSINESS STRATEGY & INSIGHT 241188 0 30120 0 172 0 16185 0 0 0 287665 0 0 0 CHEI WHITMORE MARKET PRESIDENT 240063 0 12390 0 12173 0 12016 0 63436 0 340078 0 0 0 KATHLEEN JULIA KELLY MARKET PRESIDENT 216956 0 30130 0 12305 0 13025 0 38323 0 310739 0 0 0 BRIDGET LYNN JOHNSON MARKET PRESIDENT 211962 0 12190 0 12069 0 12733 0 50420 0 299374 0 0 0 KYLE DUEY DIRECTOR OF CONSUMER LENDING SALES A 229768 0 5000 0 119 0 3111 0 8720 0 246718 0 0 0 STACY PHELPS VP OF ACCOUNTING 200241 0 25190 0 69 0 13512 0 399 0 239411 0 0 0 VANESSA L HUDSON DIRECTOR OF BUSINESS LENDI 186318 0 30150 0 69 0 8858 0 63436 0 288831 0 0 0 CHRISTINA ANN TRAYERS VP OF PRODUCT AND DIGITAL SOLUTIONS 193946 0 100 0 39 0 9525 0 0 0 203610 0 0 0 CHRISTOPHER J MCGOWN DIRECTOR OF FACILITIES 163063 0 6200 0 18042 0 9762 0 21536 0 218603 0 0 0 NISHANT JAIN VP OF ENGINEERING 162924 0 20000 0 76 0 6520 0 37859 0 227379 0 0 0 MARICRUZ RAINEY DIRECTOR OF COMPLIANCE 169362 0 12120 0 199 0 10163 0 21233 0 213077 0 0 0 SUSAN MAYS HEAD OF RETAIL OPERATIONS 164716 0 15310 0 495 0 9917 0 17185 0 207623 0 0 0 FRANK XIAODONG FENG LICENSED FINANCIAL ADVISOR 44120 0 960791 0 199 0 9189 0 399 0 1014698 0 0 0 EDWARD KEELIN JR IT GOVERNANCE MANAGER 296738 0 2000 0 1541 0 0 0 6332 0 306611 0 0 0 RICHARD RAMOS LICENSED FINANCIAL ADVISOR 44213 0 223104 0 106 0 9304 0 0 0 276727 0 0 0 ERIC STEINBACK SENIOR BUSINESS BANKING OF 110570 0 60130 0 59386 0 9629 0 13096 0 252811 0 0 0 MARIA L TRANCOSO SENIOR BUSINESS BANKING OFFICER 171582 0 45619 0 9069 0 10257 0 399 0 236926 0 0 0 PART I, LINES 4A-B THE CREDIT UNION HAS ENTERED INTO SPLIT DOLLAR INSURANCE AGREEMENTS WHICH IS A COLLATERAL ASSIGNMENT ARRANGEMENT BETWEEN THE CREDIT UNION AND KEY EMPLOYEES. THE AGREEMENT INVOLVES A METHOD OF PAYING FOR INSURANCE COVERAGE FOR THE EXECUTIVES BY SPLITTING THE ELEMENTS OF A LIFE INSURANCE POLICY. UNDER THE AGREEMENT, THE EXECUTIVES ARE THE OWNER OF THE POLICIES AND MAKE A COLLATERAL ASSIGNMENT TO THE CREDIT UNION IN RETURN FOR A LOAN EQUAL TO THE AMOUNT OF PREMIUMS TO BE PAID ON BEHALF OF THE EXECUTIVES PLUS ACCRUED INTEREST AT A SPECIFIC RATE. AT THE TIME OF DEATH, THE CREDIT UNION WILL BE PAID THE LOAN AMOUNT PLUS ACCRUED INTEREST AND THE BALANCE OF THE INSURANCE BENEFITS WILL BE PAID TO THE EXECUTIVES DESIGNATED BENEFICIARIES. THE LOAN BALANCE, WHICH IS BASED ON THE CASH SURRENDER VALUE OF THE LOAN NOTE AND THE VALUE OF THE DEPOSIT ACCOUNTS, UNDER THIS AGREEMENT APPROXIMATED $30,439,000 AND $30,044,000 AS OF DECEMBER 31, 2024 AND 2023, 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 $2,293,514 AND $2,155,492 AS OF DECEMBER 31, 2024 AND 2023, RESPECTIVELY. DURING 2024, THE FOLLOWING EMPLOYEES RECEIVED A SEVERANCE PAYMENT: MICHAEL DUFFY STEPHEN ROACH NORA STROH STEVEN LEIGA KYLE DUEY EDWARD KEELIN NICHOLAS AMBROSINI OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 9900000 10333764 0 1 1 NICHOLAS AMBROSINI OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 7500000 7964571 0 1 1 STEVEN MATEJKA OFFICER FUND PURCHASE OF CASH VALUE LIFE INSURANCE POLICY X 9150000 9550903 0 1 1 JAMES HUSSEY KEY EMPLOYEE AUTO X 77530 13854 0 1 1 BRIDGET JOHNSON KEY EMPLOYEE PERSONAL X 10000 5059 0 1 1 JOSHUA FETTING KEY EMPLOYEE MORTGAGE LOAN X 647200 616249 0 1 1 BRIAN REYNOLDS KEY EMPLOYEE MORTGAGE LOAN X 810000 765545 0 1 1 BRIAN REYNOLDS KEY EMPLOYEE DEALER NEW CARS, TRUCKS, SUV'S X 19085 11249 0 1 1 JAMES HUSSEY KEY EMPLOYEE DEALER NEW CARS, TRUCKS, SUV'S X 12809 2255 0 1 1 JAMES HUSSEY KEY EMPLOYEE UNSECURED/FIXED X 10000 6847 0 1 1 JAMES HUSSEY KEY EMPLOYEE MORTGAGE LOAN X 485000 435151 0 1 1 JAMES HUSSEY KEY EMPLOYEE DEALER NEW CARS, TRUCKS, SUV'S X 74099 64500 0 1 1 BRIAN REYNOLDS KEY EMPLOYEE DEALER NEW CARS, TRUCKS, SUV'S X 15015 15015 0 1 1 ERIC STEINBACK HIGHEST COMPENSATED EMPLOYEE SOLAR LOAN X 78840 69507 0 1 1 JOSHUA FETTING KEY EMPLOYEE SOLAR LOAN X 43500 40550 0 1 1 MARIA TRANCOSO HIGHEST COMPENSATED EMPLOYEE POWERHOUSE LAON X 150000 139403 0 1 1 MARIA TRANCOSO HIGHEST COMPENSATED EMPLOYEE MORTGAGE LOAN X 300000 299517 0 1 1 30333939 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 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 1142642 18128916 VALLEY STRONG CREDIT UNION