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

Income Statement

Fiscal Year Start:
Jan 1
Revenues in 2024

$263,698,848

Program Services
87%
Investments
8%
Other
5%
Contributions
0%
Government Grants
0%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024

$233,387,885

Salaries & Benefits
28%
Interest
25%
Other
18%
Offices, Occupancy & IT
15%
Fees to Service Providers
7%
Advertising & Promotion
3%
Depreciation
2%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$0
$0
-
Government Grants
$0
$0
-
Fundraising Events
$0
$0
-
Program Services
$234,095,978
$229,921,616
-2%
Membership Dues
$0
$0
-
Investments
$15,757,453
$21,378,168
+36%
Other
$15,221,484
$12,399,064
-19%
Total Revenues
$265,074,915
$263,698,848
-1%
Expenses
2023
2024
Change
Grants
$1,782,117
$2,315,876
+30%
Benefits to Members
$0
$0
-
Salaries & Benefits
$67,769,039
$66,130,219
-2%
Fees to Service Providers
$19,219,945
$17,427,390
-9%
Advertising & Promotion
$5,986,005
$6,493,734
+8%
Offices, Occupancy & IT
$32,880,594
$34,211,750
+4%
Interest
$51,924,775
$59,041,785
+14%
Depreciation
$5,002,070
$5,039,164
+1%
Other
$62,432,771
$42,727,967
-32%
Total Expenses
$246,997,316
$233,387,885
-6%
Net income
2023
2024
Change
Net income
+$18,077,599
+$30,310,963
+68%
Functional Expenses
Summary
2023
2024
Change
Program
-
-
-
Admin
-
-
-
Fundraising
-
-
-
Total Expenses
$246,997,316
$233,387,885
-6%
Income Statement
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