2025-11-17T14:08:59-06:00 2024-12-31 810348775 JUNKERMIERCLARKCAMPANELLASTEVENSPC P O BOX 989 GREAT FALLS MT 59403 990 2024-01-01 810247124 VALLEY FINANCIAL CREDIT UNION VALL 4066555053 PO BOX 20417 BILLINGS MT 59104 SCOTT KANNING CHIEF FINANCIAL OFFICER 4066555053 2025-11-14 1 0 KAREN J GESSAMAN CPA P01430584 4067612820 2025-11-13 2024 2025-03-06 01:10:19Z VALLEY CREDIT UNION CASEY KLEIN PO BOX 20417 BILLINGS MT 59104 33668426 0 X HTTP://WWW.VALLEYFCU.COM/ X 1949 MT BUILDING RELATIONSHIPS WITH PEOPLE IN OUR COMMUNITIES AND UNITING WITH THEM TO ACHIEVE THEIR DREAMS. 7 7 155 15 66629 21570 0 0 23917929 30011394 1727552 2638213 335069 302972 25980550 32952579 0 0 3305308 6955968 8649746 9914956 0 0 0 9273482 10962312 21228536 27833236 4752014 5119343 442285909 511119447 389695320 453409515 52590589 57709932 BUILDING RELATIONSHIPS WITH PEOPLE IN OUR COMMUNITIES AND UNITING WITH THEM TO ACHIEVE THEIR DREAMS. 0 0 VALLEY FINANCIAL CREDIT UNION PROVIDES ITS 37,311 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 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 10170 0 1 155 1 1 1 0 0 0 0 0 0 0 X 7 7 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 REG GIBBS BOARD CHAIRPERSON-OUTGOING 1.00 X X 0 0 0 WES OJA VICE CHAIRMAN/CHAIRPERSON 1.00 X X 0 0 0 ANN ADAIR SECRETARY 1.00 X X 0 0 0 JORDAN FRICKLE TREASURER 1.00 X X 0 0 0 GABRIEL BRIANO DIRECTOR/INCOMING BOARD CHAIRPERSON 1.00 X X 0 0 0 LISA HUERTAS DIRECTOR 1.00 X 0 0 0 BRAD NEILSON DIRECTOR 1.00 X 0 0 0 ZAC ROHRER DIRECTOR 1.00 X 0 0 0 CASEY KLEIN CHIEF EXECUTIVE OFFICER 40.00 X 387291 0 44863 SCOTT KANNING CHIEF FINANCIAL OFFICER 40.00 X 185386 0 21281 JESSICA HAYNES MORTGAGE LOAN ORIGINATOR 40.00 X 189620 0 11938 ALAN VOGT SR VP COMMERCIAL SERVICES 40.00 X 185169 0 27590 CHRISTOPHER LORASH SR VP OF MORTGAGE AND CONS 40.00 X 171163 0 11256 KINDRA MCMULLIN CHIEF OPERATIONS OFFICER 40.00 X 143936 0 20786 BRANDON SCALA SR VP OF BUSINESS DEVELOPM 40.00 X 120857 0 8329 DEBY MURCH VP OF HR/ADMIN 40.00 X 120661 0 21156 JOSEPH OLIVO VP OF MEMBER EXPERIENCE 40.00 X 135046 0 20159 JACQUELINE HELMAN MORTGAGE LOAN ORIGINATOR 40.00 X 134685 0 17474 1773814 0 204832 14 0 1 0 FISERV 255 FISERVE DRIVE BROOKFIELD WI 53045 PROCESSING SERVICES 2526719 A D CREATIVE GROUP 105 N BROADWAY BILLINGS MT 59101 ADVERTISING 548585 SAMAHA & ASSOCIATES INC 2020 NORTH BAYSHORE DRIVE UNIT 300 MIAMI FL 33137 CONSULTING SERVICES 196807 STRATEGIC RESOURCE MANAGEMENT 5100 POPLAR AVE STE 2500 MEMPHIS TN 38137 CONSULTING SERVICES 173321 TW CLARK & RIDLEY CONSTRUCTION 609 CHARLES ST BILLINGS MT 59101 CONSTRUCTION SERVICES 161284 10 LOAN INTEREST 522100 23299047 23299047 LOAN, SHARE AND OTHER FEES 522100 5811251 5777522 33729 MEMBER CREDIT LIFE AND CREDIT DIS 522100 901096 901096 30011394 2664619 2664619 433938 686941 -253003 -253003 -253003 2500 28906 -26406 -26406 -26406 OTHER MEMBER INSURANCE INCOME 522100 549142 516242 32900 PARTNER LOAN ADMINISTRATION 522100 6833 6833 555975 32952579 30474334 66629 2411616 6955968 638822 7480573 247170 912231 636160 32350 85857 311882 834153 1226863 306832 596020 21413 172522 3248 807026 145742 UNRELATED BUSINESS INCO 1327 PROCESSING CHARGES AND 3241708 PROVISION FOR LOAN AND 1811282 LOAN SERVICING 840261 523826 27833236 35646367 74283075 30911247 11683564 992426 1809294 1038066 1056717 316971454 367194235 410009 2057251 25851862 9935197 11084986 15916665 34519100 28501544 5808864 2175630 4903390 6441472 442285909 511119447 4895186 3288919 225922 711151 269088 458751 384305124 448950694 389695320 453409515 X 0 0 0 0 52590589 57709932 52590589 57709932 442285909 511119447 5119343 0 X 0 1 X 1 0 0 1 X 5849021 5849021 13613207 6153559 7459648 617919 410737 207182 4922911 2974153 1948758 848804 396748 452056 15916665 MEMBERS' SHARE, SAVINGS, AND OTHER ACCOUNTS 448480178 ATM CLEARING 310369 DIVIDENDS PAYABLE 160 LEASE LIABILITIES 159987 448950694 X 33631410 686942 686942 32944468 8111 8111 32952579 28512067 686942 686942 27825125 8111 8111 27833236 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. PART X, LINE 2: VALLEY CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, AS A STATE-CHARTERED CREDIT UNION, A FILING REQUIREMENT EXISTS FOR AN ANNUAL FORM 990 FOR EXEMPT ENTITIES. IN ADDITION, FORM 990-T IS REQUIRED TO REPORT UNRELATED BUSINESS INCOME SUCH AS NON-MEMBER ATM FEES AND SALES OF CERTAIN WARRANTIES. INCOME FROM THESE ACTIVITIES DOES GENERATE A MINIMAL TAX LIABILITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 686,940. FRACTIONS OF CENTS ADJUSTMENT 2. PART XI, LINE 4B - OTHER ADJUSTMENTS: GROSS RECEIPTS ADJUSTMENT FROM PARTNERSHIP INVESTMENT 8,111. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 686,940. FRACTIONS OF CENTS ADJUSTMENT 2. PART XII, LINE 4B - OTHER ADJUSTMENTS: EXPENSES FROM PARTNERSHIP INVESTMENT 8,111. X X X X 0 0 0 CASEY KLEIN CHIEF EXECUTIVE OFFICER 307291 0 80000 0 0 0 17250 0 27613 0 432154 0 0 0 ALAN VOGT SR VP COMMERCIAL SERVICES 160641 0 24528 0 0 0 11435 0 16155 0 212759 0 0 0 SCOTT KANNING CHIEF FINANCIAL OFFICER 169826 0 15560 0 0 0 10666 0 10615 0 206667 0 0 0 JESSICA HAYNES MORTGAGE LOAN ORIGINATOR 185968 0 3652 0 0 0 11377 0 561 0 201558 0 0 0 CHRISTOPHER LORASH SR VP OF MORTGAGE AND CONS 155665 0 15498 0 0 0 10270 0 986 0 182419 0 0 0 KINDRA MCMULLIN CHIEF OPERATIONS OFFICER 132113 0 11823 0 0 0 8802 0 11984 0 164722 0 0 0 JOSEPH OLIVO VP OF MEMBER EXPERIENCE 116187 0 18859 0 0 0 8185 0 11974 0 155205 0 0 0 JACQUELINE HELMAN MORTGAGE LOAN ORIGINATOR 131108 0 3577 0 0 0 7469 0 10005 0 152159 0 0 0 PART I, LINE 3 VALLEY CREDIT UNION HAS HIRED COMPENSATION CONSULTANT BALANCEDCOMP TO ASSIST WITH MAKING FAIR AND APPROPRIATE COMPENSATION DECISIONS. THIS INDEPENDENT CONSULTING FIRM SPECIALIZES IN PROVIDING GUIDANCE TO THE FINANCIAL INDUSTRY. BALANCEDCOMP 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. CASEY KLEIN CEO SPLIT DOLLAR LIFE INSURANCE X 1000000 1056717 0 1 1 1056717 FORM 990, PART VI, SECTION A, LINE 6 VALLEY FINANCIAL CREDIT UNION MAY AND DOES HAVE MEMBERS IN MONTANA AND WYOMING. 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 30 COUNTIES IN MT AND WY. 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 BALANCEDCOMP TO REVIEW AND RECOMMEND THE CEO COMPENSATION PACKAGE. VALLEY HAS ALSO CONTRACTED WITH BALANCEDCOMP 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 3720 VALLEY FINANCIAL CREDIT UNION SCHEDULE R PART I(B) VALLEY CUSO, LLC NO LONGER ACTIVELY PARTICIPATES IN ANY LINE OF BUSINESS AND HAD NO 2024 ACTIVITY.