Valleystar Credit Union
Martinsville, VA · EIN 54-6040482 · Rank 11,636 by total revenue
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.
Money, Form 990 for tax year 2024
- Total revenue
- $40,598,985
- Total expenses
- $47,527,295
- Total assets
- $585,256,924
- Salary base (all salaries and wages)
- $11,392,869
- Salaries, other pay and benefits
- $16,075,149
- Employees
- 191
- Salary base per employee
- $59,649
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (36)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Michael Warrell | PRESIDENT/CEO | Officer | 40 | $531,542 |
| Kevin B Laine | EXECUTIVE VICE PRESIDENT | Officer | 40 | $303,426 |
| Linwood Windley | CFO | Officer | 40 | $271,452 |
| Robert Sparrow | CHIEF RISK OFFICER | Officer | 40 | $238,823 |
| Justin Barnes | CHIEF LENDING OFFICER | Officer | 40 | $224,427 |
| Misty Reed | SVP OF CREDIT ADMIN | Officer | 40 | $218,361 |
| Leslie Rakes | SVP OF HUMAN RESOURCES | Officer | 40 | $202,165 |
| Jordan Weatherholtz | VP OF DATA ANALYTICS | Officer | 40 | $189,631 |
| Susan Chapman | CHIEF MARKETING OFFICERS | Officer | 40 | $172,061 |
| Benjamin McBride | SENIOR VP OF IT | Officer | 40 | $169,707 |
| Angela Davis | SVP COO | Officer | 40 | $169,692 |
| John Hudson | VP OF COMSUMER LENDING | Officer | 40 | $149,550 |
| Kaitlin Elizondo-Eastridge | VP COMMERCIAL LENDING | Officer | 40 | $120,538 |
| Sheila Ratliff | VP OF MORTGAGE LENDING | Officer | 40 | $117,609 |
| Robert Brown | VP OF ORGANIZATIONAL DEVEL | Officer | 40 | $112,575 |
| April Young | VP RISK MANAGEMENT | Officer | 1 | $102,904 |
| Christy Nester | VP OF ADMINISTRATIVE SERVI | Officer | 40 | $90,011 |
| Robert Turner | VP OF FACILITIES AND SECUR | Officer | 40 | $89,804 |
| Sharon Clark | VP OF ACCOUNTING | Officer | 40 | $59,989 |
| Betty Jo Ray | DIRECTOR & VICE CHAIR | Board | 1 | $6,000 |
| David L Deal | DIRECTOR & SECRETARY | Board | 1 | $6,000 |
| Douglas W Nunn | DIRECTOR | Board | 1 | $6,000 |
| G Steve Isley | DIRECTOR | Board | 1 | $6,000 |
| Gregory W Hill | DIRECTOR & LEGISLATIVE REP | Board | 1 | $6,000 |
| James B Rorrer | DIRECTOR & CHAIRMAN | Board | 1 | $6,000 |
| Jason Vipperman | DIRECTOR & TREASURER | Board | 1 | $6,000 |
| Nancy S Phillips | DIRECTOR | Board | 1 | $6,000 |
| Rebecca Freemal | CHIEF MARKETING AND COMM O | Board | 40 | $6,000 |
| Stephanie Potter | VP OF BRAND | Board | 40 | $6,000 |
| Terry A Young | DIRECTOR | Board | 1 | $6,000 |
| Mendy Shaffer | CFO | Board | 40 | $6,000 |
| Cameron Cooper | SUPERVISORY COMMITTEE | Board | 1 | $4,800 |
| Sandy Hines | SUPERVISORY COMMITTEE | Board | 1 | $4,800 |
| Sandy Strayer | SUPERVISORY COMMITTEE | Board | 1 | $4,800 |
| Richard L Wood | DIRECTOR EMERITUS | Board | 1 | None reported |
| Whitney Armstrong-Collins | VOLUNTEER AT LARGE | Board | 1 | None reported |
Top 10 paid people listed
These 10 people received $2,521,595, which is 22.1% of the $11,392,869 salary base shared by 191 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Michael Warrell | PRESIDENT/CEO | Officer | 40 | $531,542 | $0 | $0 | $531,542 |
| Kevin B Laine | EXECUTIVE VICE PRESIDENT | Officer | 40 | $303,426 | $0 | $0 | $303,426 |
| Linwood Windley | CFO | Officer | 40 | $271,452 | $0 | $0 | $271,452 |
| Robert Sparrow | CHIEF RISK OFFICER | Officer | 40 | $238,823 | $0 | $0 | $238,823 |
| Justin Barnes | CHIEF LENDING OFFICER | Officer | 40 | $224,427 | $0 | $0 | $224,427 |
| Misty Reed | SVP OF CREDIT ADMIN | Officer | 40 | $218,361 | $0 | $0 | $218,361 |
| Leslie Rakes | SVP OF HUMAN RESOURCES | Officer | 40 | $202,165 | $0 | $0 | $202,165 |
| Jordan Weatherholtz | VP OF DATA ANALYTICS | Officer | 40 | $189,631 | $0 | $0 | $189,631 |
| Susan Chapman | CHIEF MARKETING OFFICERS | Officer | 40 | $172,061 | $0 | $0 | $172,061 |
| Benjamin McBride | SENIOR VP OF IT | Officer | 40 | $169,707 | $0 | $0 | $169,707 |
Sources
- IRS e-file return 202503219349320345 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 54-6040482
- Organization website (as filed): www.valleystar.org