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Filing year 2024

VALLEYSTAR CREDIT UNION

Martinsville, Virginia·EIN 54-6040482·501(c)(14)
Total revenue
$40.6M
Total assets
$585.3M
Total expenses
$47.5M
Reported officers
36
Mission

VALLEYSTAR CREDIT UNION PRIMARY EXEMPT PURPOSE IS TO RETURN EXCESS EARNINGS TO ALL ITS MEMBERS IN THE FORM OF BETTER DEPOSIT/LOAN RATES AND LOWER FEES. VALLEYSTAR CREDIT UNION IS A MEMBER-OWNED FINANCIAL COOPERATIVE WHERE ALL MEMBERS BENEFIT EQUALLY, AND ALL MEMBERS HAVE AN EQUAL VOTE.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 34 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President/ceo
Above 90th percentile
$532k
$564k
Base
$532k
Bonus
Other
Benefits
Executive Vice President
Median to 75th percentile
$303k
$322k
Base
$303k
Bonus
Other
Benefits
CFO
75th to 90th percentile
$271k
$288k
Base
$271k
Bonus
Other
Benefits
Chief Risk Officer
Officer (Unspecified)
$239k
$253k
Base
$239k
Bonus
Other
Benefits
Chief Lending Officer
Officer (Unspecified)
$224k
$238k
Base
$224k
Bonus
Other
Benefits
SVP of Credit Admin
Senior Vice President
25th percentile to median
$218k
$232k
Base
$218k
Bonus
Other
Benefits
SVP of Human Resources
Senior Vice President
25th percentile to median
$202k
$214k
Base
$202k
Bonus
Other
Benefits
VP of Data Analytics
Vice President
75th to 90th percentile
$190k
$201k
Base
$190k
Bonus
Other
Benefits
Chief Marketing Officers
Officer (Unspecified)
$172k
$183k
Base
$172k
Bonus
Other
Benefits
Senior VP of IT
Senior Vice President
25th percentile to median
$170k
$180k
Base
$170k
Bonus
Other
Benefits
SVP COO
Median to 75th percentile
$170k
$180k
Base
$170k
Bonus
Other
Benefits
VP of Comsumer Lending
Vice President
75th to 90th percentile
$150k
$159k
VP Commercial Lending
Vice President
Median to 75th percentile
$121k
$128k
VP of Mortgage Lending
Vice President
Median to 75th percentile
$118k
$125k
VP of Organizational Devel
Vice President
Median to 75th percentile
$113k
$119k
VP Risk Management
Vice President
Median to 75th percentile
$103k
$109k
VP of Administrative Servi
Vice President
Median to 75th percentile
$90k
$95k
VP of Facilities and Secur
Vice President
Median to 75th percentile
$90k
$95k
VP of Accounting
Vice President
Median to 75th percentile
$60k
$64k
Director
Board Member
25th percentile to median
$6k
$6k
CFO
10th to 25th percentile
$6k
$6k
Director
Board Member
25th percentile to median
$6k
$6k
VP of Brand
Board Vice President
10th to 25th percentile
$6k
$6k
Director & Vice Chair
Board Chair
25th percentile to median
$6k
$6k
Director & Secretary
Board Member
25th percentile to median
$6k
$6k
Director
Board Member
25th percentile to median
$6k
$6k
Director & Legislative Rep
Board Member
25th percentile to median
$6k
$6k
Director & Chairman
Board Chair
25th percentile to median
$6k
$6k
Director & Treasurer
Board Member
25th percentile to median
$6k
$6k
Director
Board Member
25th percentile to median
$6k
$6k
Chief Marketing and Comm O
Board Member
25th percentile to median
$6k
$6k
Supervisory Committee
Board Member
25th percentile to median
$5k
$5k
Supervisory Committee
Board Member
25th percentile to median
$5k
$5k
Supervisory Committee
Board Member
25th percentile to median
$5k
$5k

Teal figures restate each filed amount in 2026 dollars.

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

Plus 2 unpaid individuals.

Down 6%
from 2023

From $566k in 2023 to $532k in 2024.

$566k
2023
$532k
2024
In today's dollarsEst.
Down 9% in real terms$618k to $564k

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

Pay for the position

Chief Executive Officer pay fell 6% from 2023 to 2024, while revenue fell 9%.

$566k in 2023 to $532k in 2024.
  • Executive Vice President pay fell 4% from 2023 to 2024.
  • Chief Financial Officer pay fell 1% 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.
Financial trend

Revenue and expenses over time

VALLEYSTAR CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$44.7M
$43.1M
2023
$40.6M
$47.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about VALLEYSTAR CREDIT UNION

What does the Chief Executive Officer of VALLEYSTAR CREDIT UNION earn?

In 2024, the Chief Executive Officer of VALLEYSTAR CREDIT UNION received $531,542 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at VALLEYSTAR CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at VALLEYSTAR CREDIT UNION falls in the top 10%.

What are VALLEYSTAR CREDIT UNION's revenue and expenses?

In 2024, VALLEYSTAR CREDIT UNION reported $40.6M in total revenue and $47.5M in total expenses on its IRS Form 990.

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