VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION
Pub 78

VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION
Pub 78

Bakersfield, CA, US
501(c)
EIN
95-1652797

VALLEY STRONG CU FKA KERN SCHOOLS FEDERAL CREDIT UNION
Pub 78

Bakersfield, CA, US
501(c)
EIN
95-1652797

Balance Sheet

Fiscal Year Start:
Jan 1
Assets in 2024 (Year End)

$3,916,563,936

Investments
91%
Cash & Equivalents
3%
Other Assets
3%
Property, Plant, & Equipment (net)
2%
Related-Party Receivables
<1%
Prepaid Expenses
<1%
Receivables (Non-Related)
0%
Inventories
0%
Liabilities in 2024 (Year End)

$3,598,601,030

Other Liabilities
98%
Payables & Accruals
2%
Grants Payable
0%
Deferred Revenue
0%
Tax-Exempt Bond Liabilities
0%
Custodial & Escrow Liabilities
0%
Notes Payable / Debt (Non-Related)
0%
Related-Party Payables
0%
Assets
2023
2024
Change
Cash & Equivalents
$136,846,882
$130,741,942
-4%
Receivables (Non-Related)
-
-
-
Related-Party Receivables
$29,409,984
$30,333,939
+3%
Inventories
-
-
-
Prepaid Expenses
$7,634,614
$6,862,650
-10%
Investments
$3,677,289,960
$3,546,912,963
-4%
Property, Plant, & Equipment (net)
$87,728,935
$93,724,393
+7%
Other Assets
$89,186,180
$107,988,049
+21%
Total Assets
$4,028,096,555
$3,916,563,936
-3%
Liabilities
2023
2024
Change
Payables & Accruals
$87,641,074
$69,329,932
-21%
Grants Payable
-
-
-
Deferred Revenue
-
-
-
Tax-Exempt Bond Liabilities
-
-
-
Custodial & Escrow Liabilities
-
-
-
Notes Payable / Debt (Non-Related)
-
-
-
Related-Party Payables
-
-
-
Other Liabilities
$3,658,155,628
$3,529,271,098
-4%
Total Liabilities
$3,745,796,702
$3,598,601,030
-4%
Net assets
2023
2024
Change
Restricted Net Assets
N/A
N/A
N/A
Unrestricted Net Assets
N/A
N/A
N/A
Net assets
2023
2024
Change
Net assets
+$282,299,853
+$317,962,906
+13%
Balance Sheet
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