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Filing year 2024

VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION

Bakersfield, California·EIN 95-1652797·NTEE W61 · Public & Societal Benefit·501(c)(14)
Total revenue
$263.7M
Total assets
$3.9B
Total expenses
$233.4M
Reported officers
53
Mission

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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 47 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Public & Societal Benefit organizations nationwide.

Evp/chief Advocacy Officer
Former Officer/director/trustee
Above 90th percentile
$4.5M
$4.8M
Base
$4.5M
Bonus
Other
Benefits
$63k
Legacy Ambassador
Former Officer/director/trustee
Above 90th percentile
$1.7M
$1.8M
Base
$1.6M
Bonus
Other
Benefits
$42k
VP of Accounting
Board Vice President
Above 90th percentile
$1.6M
$1.8M
Base
$1.6M
Bonus
Other
Benefits
$63k
President/ceo
Above 90th percentilevs Public & Societal Benefit peers in California
$1.6M
$1.7M
Base
$867k
Bonus
$579k
Other
$30k
Benefits
$63k
Licensed Financial Advisor
Highest Compensated Employee
Above 90th percentilevs Public & Societal Benefit peers in California
$1M
$1.1M
Base
$44k
Bonus
$961k
Other
$199
Benefits
$399
Evp/chief Strategy Officer
Officer (Unspecified)
$1M
$1.1M
Base
$550k
Bonus
$135k
Other
$273k
Benefits
$32k
Evp/chief Operating Officer
Officer (Unspecified)
$961k
$1M
Base
$640k
Bonus
$250k
Other
$18k
Benefits
$32k
Svp/chief Marketing Officer
Officer (Unspecified)
$615k
$654k
Base
$361k
Bonus
$85k
Other
$93k
Benefits
$63k
Svp/chief Digital Officer
Former Officer/director/trustee
Above 90th percentile
$600k
$639k
Base
$525k
Bonus
Other
Benefits
$54k
Svp/cfo
Officer (Unspecified)
$591k
$629k
Base
$375k
Bonus
$115k
Other
$18k
Benefits
$63k
Svp/chief Lending Officer
Officer (Unspecified)
$584k
$622k
Base
$455k
Bonus
$70k
Other
$18k
Benefits
$20k
Svp/chief Business Officer
Officer (Unspecified)
$584k
$621k
Base
$325k
Bonus
$85k
Other
$98k
Benefits
$63k
Svp/chief Retail Officer
Officer (Unspecified)
$538k
$572k
Base
$355k
Bonus
$80k
Other
$93k
Benefits
$24
VP of Wealth Management
Board Vice President
Above 90th percentile
$521k
$555k
Base
$208k
Bonus
$230k
Other
$69
Benefits
$63k
Svp/chief Human Resources
Officer (Unspecified)
$496k
$528k
Base
$301k
Bonus
$70k
Other
$78k
Benefits
$32k
Svp/chief Compliance Officer
Officer (Unspecified)
$431k
$459k
Base
$281k
Bonus
$65k
Other
$112
Benefits
$73k
VP of Real Estate Lending
Board Vice President
Above 90th percentile
$426k
$453k
Base
$375k
Bonus
$14k
Other
$18k
Benefits
$511
VP of Finance and Capital Markets
Board Vice President
Above 90th percentile
$413k
$440k
Base
$228k
Bonus
$25k
Other
$83k
Benefits
$63k
VP of Consumer Lending
Board Vice President
Above 90th percentile
$367k
$391k
Base
$277k
Bonus
$17k
Other
$18k
Benefits
$38k
VP Salesforce Enterprise
Board Vice President
Above 90th percentile
$366k
$390k
Base
$260k
Bonus
$25k
Other
$322
Benefits
$63k
Market President
Key Employee
75th to 90th percentile
$340k
$362k
Base
$240k
Bonus
$12k
Other
$12k
Benefits
$63k
Market President
Key Employee
75th to 90th percentile
$311k
$331k
Base
$217k
Bonus
$30k
Other
$12k
Benefits
$38k
IT Governance Manager
IT Manager
Above 90th percentilevs all sectors nationwide
$307k
$326k
Base
$297k
Bonus
$2k
Other
$2k
Benefits
$6k
Market President
Key Employee
75th to 90th percentile
$299k
$319k
Base
$212k
Bonus
$12k
Other
$12k
Benefits
$50k
Director of Business Lendi
Key Employee
75th to 90th percentile
$289k
$308k
Base
$186k
Bonus
$30k
Other
$69
Benefits
$63k
VP of Business Strategy & Insight
Board Vice President
75th to 90th percentile
$288k
$306k
Base
$241k
Bonus
$30k
Other
$172
Benefits
VP of Facilities and Capital Projects
Board Vice President
75th to 90th percentile
$285k
$303k
Base
$222k
Bonus
$35k
Other
$18k
Benefits
Svp/chief Tech Officer
Officer (Unspecified)
$277k
$295k
Base
$225k
Bonus
$100
Other
$35k
Benefits
$6k
Licensed Financial Advisor
Highest Compensated Employee
75th to 90th percentilevs Public & Societal Benefit peers in California
$277k
$295k
Base
$44k
Bonus
$223k
Other
$106
Benefits
Senior Business Banking of
Highest Compensated Employee
75th to 90th percentilevs Public & Societal Benefit peers in California
$253k
$269k
Base
$111k
Bonus
$60k
Other
$59k
Benefits
$13k
Director of Consumer Lending Sales and Servic
Key Employee
Median to 75th percentile
$247k
$263k
Base
$230k
Bonus
$5k
Other
$119
Benefits
$9k
VP of Accounting
Board Vice President
Median to 75th percentile
$239k
$255k
Base
$200k
Bonus
$25k
Other
$69
Benefits
$399
Senior Business Banking Officer
Highest Compensated Employee
75th to 90th percentilevs Public & Societal Benefit peers in California
$237k
$252k
Base
$172k
Bonus
$46k
Other
$9k
Benefits
$399
VP of Engineering
Board Vice President
Median to 75th percentile
$227k
$242k
Base
$163k
Bonus
$20k
Other
$76
Benefits
$38k
Svp/chief Tech Officer
Officer (Unspecified)
$225k
$239k
Base
$127k
Bonus
$55k
Other
$6k
Benefits
$25k
Director of Facilities
Key Employee
Median to 75th percentile
$219k
$233k
Base
$163k
Bonus
$6k
Other
$18k
Benefits
$22k
Director of Compliance
Key Employee
Median to 75th percentile
$213k
$227k
Base
$169k
Bonus
$12k
Other
$199
Benefits
$21k
Head of Retail Operations
Key Employee
Median to 75th percentile
$208k
$221k
Base
$165k
Bonus
$15k
Other
$495
Benefits
$17k
VP of Product and Digital Solutions
Board Vice President
Median to 75th percentile
$204k
$217k
Base
$194k
Bonus
$100
Other
$39
Benefits
1st Vice Chairman
Board Chair
10th to 25th percentile
$6k
$7k
Supv Cmte Member
Board Member
10th to 25th percentile
$4k
$4k
2nd Vice Chairman
Board Chair
Below 10th percentile
$2k
$2k
Supv Cmte Member
Board Member
10th to 25th percentile
$2k
$2k
Board Member
Below 10th percentile
$2k
$2k
Treasurer
Board Treasurer
10th to 25th percentile
$1k
$1k
Board Member
Below 10th percentile
$810
$862
Supv Cmte Chair
Board Chair
Below 10th percentile
$808
$860

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 6 unpaid individuals.

Browse compensation in Public & Societal Benefit

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

This organization (2024)
2%
Sector median
10%
Middle half of sector
4% to 22%

Based on 2,608 public & societal benefit organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 174%
from 2023

From $1.7M in 2023 to $4.5M in 2024.

$1.7M
2023
$4.5M
2024
In today's dollarsEst.
Up 166% in real terms$1.8M to $4.8M

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Vice President pay rose 26% from 2023 to 2024, while revenue fell 1%.

$1.3M in 2023 to $1.6M in 2024.
  • Chief Executive Officer pay rose 8% from 2023 to 2024.
  • Highest Compensated Employee pay rose 17% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION

What does the Former Officer/director/trustee of VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION earn?

In 2024, the Former Officer/director/trustee of VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION received $4,549,220 in total compensation. This pay is in the top 10% for Former Officer/director/trustee roles among Public & Societal Benefit organizations nationwide: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Former Officer/director/trustee pay at VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at Public & Societal Benefit organizations nationwide, the 2024 pay of the Former Officer/director/trustee at VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION falls in the top 10%. In 2024, the highest total compensation at VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION equaled 2% of the organization's total expenses. The median for public & societal benefit organizations is 10%.

What are VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION's revenue and expenses?

In 2024, VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION reported $263.7M in total revenue and $233.4M in total expenses on its IRS Form 990.

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