Fiscal year ending 2016. Filed on February 24, 2017.
2686 Mcleod Drive
Saginaw, Michigan 48603
Valley State Employees Credit Union (EIN: 38-1538668) has filed an IRS Form 990 in fiscal year 2016. In its fiscal year 2016 IRS Form 990 filing, Valley State Employees Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 2 out of 8 total employees. Among the employees shown here, the average compensation is $53,253. The highest compensated employee at Valley State Employees Credit Union is Stanley D Hayes with fiscal year 2016 compensation of $53,253.
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Employee compensation
PROVIDE FINANCIAL SERVICES AND PRODUCTS TO MEMBERS. VALLEY STATE CREDIT UNION (VSCU) WAS PLACED INTO CONSERVATORSHIP BY THE STATE OF MICHIGAN, DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES ON AUGUST 17, 2016 DUE TO UNSAFE AND UNSOUND PRACTICES. THE STATE OF MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES SUBSEQUENTLY APPOINTED THE NATIONAL CREDIT UNION ADMINISTRATION AS CONSERVATOR ON NOVEMBER 9, 2016. AS CONSERVATOR, NCUA IS WORKING TO RESOLVE UNSAFE AND UNSOUND OPERATING CONDITIONS AT THE CREDIT UNION. THE VSCU BOARD OF DIRECTORS AND THE CEO, STANLEY HAYES, WAS DISMISSED ON AUGUST 17, 2016 AFTER THE MICHIGAN DEPARTMENT OF INSURANCE AND FINANCIAL SERVICES CONSERVED VSCU.
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