Credit Unions In the State of California
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Credit Unions In the State of California is a 501(c)(14) organization based in Modesto, California, registered in 1961, with $63,347,544 in FY2024 revenue. CharityIndex grades it A.
1005 W Orangeburg Avenue, Modesto, CA, 95350 EIN 94-1439553 Since 1961
Revenue (FY2024)
$63.3M
▲ 10.8% vs prior year
Expenses (FY2024)
$58.5M
Net assets
$90.9M
Employees
209
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Credit Unions In the State of California— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating19 mo reserves · +8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Credit Unions In the State of California: 19 mo reserves · +8% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Credit Unions In the State of California: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Credit Unions In the State of California: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Provide superior service to our members and community
What they do
Valley first credit union (the credit union) provides a safe place for the community to save their money via a variety of savings and investment products/services. the credit union pays higher dividend rates than competitors and offers many short and long-term savings options. as of 12/31/24, the credit union had 145,604 share accounts with balances totaling over $808,934,712. in 2024, the credit union gave back $10,543,320 in member dividends and over $938,000 across various member incentives and rewards as a result of banking with the credit union. members using a valley first credit card earned over $192,000 in cash back rewards. the credit union also once again waived all fees on small business deposit products, resulting in $98,000 of annual savings for small businesses banking with the credit union.
At the core of valley first credit union's (the credit union) mission lies a firm belief in prioritizing people over profits and giving back to the communities it serves. the credit union invested significant time and resources to help central valley communities thrive through financial, educational, and volunteer support throughout 2024. the credit union provided financial education to 4,803 members, volunteered 3,745 hours, and donated $205,000 in monetary contributions to local non-profits. the credit union also continued to provide free certified financial counselor services and technical assistance for small businesses throughout 2024. as a result of these services and online financial wellness tools, 6,613 members significantly improved their credit scores in 2024.
Contact & location
- Address
- 1005 W Orangeburg Avenue, Modesto, CA, 95350
- City
- Modesto
- State
- California
- Category
- —
- Subcategory
- —
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $26.2M (FY2013) to $63.3M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $936.3MNet assets $90.9M
Operating margin
7.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.0B
Total liabilities
$936.3M
Net assets
$90.9M
Salaries & benefits
$16.5M
28% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $63,347,544▲10.8% | $58,535,460▲22.5% | $90,944,643▲8.6% | $1,027,273,852▲0.8% | 990 |
| 2023 | $57,186,497▲42.6% | $47,771,769▲55.4% | $83,758,926▲10.3% | $1,019,297,447▲5.7% | 990 |
| 2022 | $40,105,453▲19.7% | $30,736,008▲21.3% | $75,962,474▼2.7% | $964,187,226▲7.7% | 990 |
| 2021 | $33,497,583▼2.4% | $25,343,848▼12.0% | $78,083,080▲9.3% | $895,204,166▲16.3% | 990 |
| 2020 | $34,327,835▲4.0% | $28,803,577▼5.3% | $71,432,065▲9.0% | $769,456,143▲29.7% | 990 |
| 2019 | $33,020,774▲10.0% | $30,426,409▲4.3% | $65,549,621▲6.2% | $593,162,543▲0.4% | 990 |
| 2018 | $30,019,835▲9.4% | $29,159,915▲11.5% | $61,734,302▲1.4% | $590,851,203▼2.1% | 990 |
| 2017 | $27,443,653▼0.9% | $26,161,154▲8.5% | $60,889,649▲1.2% | $603,790,074▲2.9% | 990 |
| 2016 | $27,698,296▲3.8% | $24,106,054▲1.8% | $60,146,978▲5.5% | $586,820,094▲5.6% | 990 |
| 2015 | $26,671,831▲3.9% | $23,670,227▲1.9% | $57,032,668▲8.1% | $555,484,443▲5.7% | 990 |
| 2014 | $25,677,722▼2.1% | $23,231,989▲0.1% | $52,754,690▲13.2% | $525,370,714▲4.5% | 990 |
| 2013 | $26,237,061 | $23,214,316▲14.7% | $46,615,457▼7.1% | $502,650,838▲5.8% | 990 |
| 2012 | — | $20,245,887▲8.2% | $50,204,460▲17.1% | $475,294,888▲24.1% | 990 |
| 2011 | — | $18,718,304▼10.1% | $42,854,892▲17.6% | $383,014,789▲5.2% | 990 |
| 2010 | — | $20,814,364 | $36,447,944 | $363,955,207 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Kathryn Davis — $710,897 (1.21% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kathryn Davis | President & Ceo | 60 | $710,897 |
| Paul Emanuels | Former Vp, Lending | 40 | $323,257 |
| Andrea Brooks | Chief Risk Officer | 50 | $252,713 |
| Christopher Braun | Vp, Payments | 40 | $217,449 |
| Chris Hewitt | Vp, Ops & Digital Strategy | 40 | $210,863 |
| Betino Marcelo | Cheif Lending Officer | 50 | $202,017 |
| Raymond Mccaslin | Former Vp, Commercial Banking | 45 | $189,206 |
| Courtnay Lynch | Vp, People & Culture | 50 | $186,398 |
| Byron Miller | Former Vp, Technology | 40 | $175,761 |
| Lindsay Sansen | Director, Marketing | 45 | $139,594 |
| Charles Ciapponi | Director, Compliance | 45 | $134,346 |
| Jane Lunn | Director, Talent Development | 45 | $119,074 |
| Valarie Roberts-allen | Director, Dispute Operations | 45 | $117,528 |
| Todd Mccoy | Former Chief Financial Officer | 40 | $106,598 |
| Mary Roberts | Chief Financial Officer | 50 | $97,525 |
| Chris Peterson | Chair | 2 | — |
| Donna Riley | Director | 2 | — |
| Fred Cruz | Vice Chair | 2 | — |
| Gary Hall | Director | 1 | — |
| John Schneider | Director | 2 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Financial Tech Solutions Intl (ftsi) | Atm and Branch Services | $1,263,347 |
| Q2 Software Inc | Home Banking | $879,165 |
| Presidio Networked Solutions Group LLC | Intel Processor, Data Migration | $651,302 |
| At& T Business Services | Phone Lines | $612,003 |
| Jack Henry & Associates Inc | Core System | $528,185 |
Grants made · $92K in FY2024
6 grants totaling $92K in FY2024. All grants made by Credit Unions In the State of California →
| Recipient | Purpose | Amount |
|---|---|---|
| Modesto Childrens Museum Inc | General support | $30,167 |
| Stanislaus Business Alliance Inc | General support | $18,517 |
| City Ministry Network | General support | $16,000 |
| State Theater of Modesto Inc | General support | $11,750 |
| Stanislaus Latino Chamber of Commerce | General support | $9,000 |
| United Way of Stanislaus County | General support | $6,423 |
Frequently asked questions
- Is Credit Unions In the State of California a legitimate nonprofit?
- Yes. Credit Unions In the State of California is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 94-1439553, based in Modesto, California.
- What is Credit Unions In the State of California's EIN?
- Credit Unions In the State of California's Employer Identification Number (EIN) is 94-1439553.
- How much revenue does Credit Unions In the State of California report?
- Credit Unions In the State of California reported $63,347,544 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Credit Unions In the State of California have?
- CharityIndex grades Credit Unions In the State of California A, based on financial health (reserves and operating margin).
- How much does Credit Unions In the State of California's highest-paid employee make?
- The highest reported compensation on Credit Unions In the State of California's latest Form 990 is $710,897, paid to Kathryn Davis (President & Ceo).
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Data for Credit Unions In the State of California (EIN 94-1439553) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.