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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Valley First Credit Union

Valley First Credit Union

Fiscal year ending 2019. Filed on November 16, 2020.

1005 W Orangeburg Avenue
1100
Modesto, California 95350

Valley First Credit Union (EIN: 94-1439553) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2019 IRS Form 990 filing, Valley First Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 10 out of 206 total employees. Among the employees shown here, the average compensation is $234,000. The highest compensated employee at Valley First Credit Union is Hank Barrett with fiscal year 2019 compensation of $557,264.

Revenue, expenses, and employee compensation

Revenue

$33,020,774

Expenses

$30,426,409

Employee compensation

$12,356,673
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Hank Barrett
President and Chief Executive Officer
$557,264
$519,587 No related comp$37,677
Dennis Barta
Vice President, Finance
$257,686
$183,971 No related comp$73,715
Kathryn Davis
President and Chief Executive Officer
$252,874
$226,388 No related comp$26,486
Traci Nagasawa
Vice President Member Service
$237,091
$186,602 No related comp$50,489
Anita Morphew
Vice President, Marketing
$230,908
$169,058 No related comp$61,850
Paul Emanuels
Vice President, Lending
$218,629
$176,683 No related comp$41,946
Catherine Rando
Vice President, Information Services
$202,197
$177,868 No related comp$24,329
Juan Marquez
Director of Branches
$132,365
$115,029 No related comp$17,336
Melanie Borras
Controller
$127,232
$113,998 No related comp$13,234
Roberta Gaalswyk
Director of Lending Services
$123,754
$113,448 No related comp$10,306

Benchmark Employee Compensation

Non-Employee Board Members

Chris Peterson
Secretary
Fred Cruz
Board Chair
Gary Hall
Treasurer and Director
Judy Jensen
Vice Chair
Matt Sinclair
Director
Patrick Dodd
Director
Patti Gillihan
Director
Tom Kane
Treasurer and Director

Contractors

Financial Tech Solutions International (Ftsi)
ATM
$1,361,026
Hanley Construction
General Contractor
$867,178
Jack Henry & Associates Inc.
Computer Support
$574,314
Kasasa Ltd.
Deposit Product Support
$469,914
Q2 Software
Computer Support
$283,748

Mission Statement

WORKING TOGETHER TO PROVIDE SUPERIOR SERVICE FOR OUR MEMBERS AND COMMUNITY

Revisions to this organization profile

November 17, 2025:
2024 Valley First Credit Union 990 filed
November 12, 2024:
2023 Valley First Credit Union 990 filed
November 15, 2023:
2022 Valley First Credit Union 990 filed

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