VALLEY STRONG CREDIT UNION
BAKERSFIELD, CA 93311 · IRS data through FY2024
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2024 | $263,698,848 | $233,387,885 | $317,962,906 |
| FY2023 | $265,074,915 | $246,997,316 | $282,299,853 |
| FY2022 | $194,067,226 | $177,414,551 | $301,263,546 |
| FY2021 | $131,789,936 | $100,994,405 | $336,113,201 |
| FY2020 | $99,760,280 | $80,210,784 | $208,163,407 |
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $229,921,616 | 100% |
What the numbers show
- Program service revenue made up 100% of total revenue in FY2024.
- Net assets covered about 16.3 months of expenses at the end of the reporting year. That puts it in the 55th percentile among 727 Public & Societal Benefit organizations in CA.
- Total revenue was higher than 99.5% of 748 Public & Societal Benefit organizations in CA.
- Total revenue rose from $99,760,280 in FY2020 to $263,698,848 in FY2024, Revenue increased in 3 and decreased in 1 of 4 year-over-year comparisons.
- Revenue covered expenses in each of the 5 reported years, FY2020 to FY2024.
- The highest revenue on record here is $265,074,915 in FY2023.
- Net assets grew from $208,163,407 to $317,962,906 between FY2020 and FY2024.
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS.
IRS status
| Ruling year | 2021 |
| Subsection | 501(c)(14) |
| Program area (NTEE) | W61 — Public & Societal Benefit |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded September 20, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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