Sep, 30, 2025 — VALLEY FIRST CREDIT UNION is a federally insured state chartered credit union headquartered in MODESTO, CA with 8 branch locations and about $1.04 billion in total assets. Opened 70 years ago in 1956, VALLEY FIRST CREDIT UNION has about 79,996 members and employs 167 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | VALLEY FIRST CREDIT UNION |
|---|---|
| Address: (Main Office) | 1005 W Orangeburg Ave MODESTO, CA 95350 |
| Phone: | (209) 549-8500 |
| Fax: | (209) 579-4120 |
| Website: | https://www.valleyfirstcu.org |
| Branches: | 8 branch locations |
| Members: | 79,996 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68402 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,043,373,733 |
| CEO/Manager: | Kathryn Davis |
| Chairperson: | Chris Peterson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 158,370,361 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 266,940,349 |
| Unsecured Loans | 56,411,252 |
| Other Loans | 421,970,960 |
| TOTAL LOANS | 745,322,561 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,575,518 |
| Land And Building | 5,769,438 |
| Other Fixed Assets | 8,015,418 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,054,551 |
| All Other Assets | 370,762 |
| TOTAL ASSETS | 1,043,373,733 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 72,000,000 |
| Accounts Payable & Other Liabilities | 8,961,930 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 172,090,001 |
| Regular shares | 342,300,614 |
| All Other Shares & Deposits | 349,419,104 |
| TOTAL SHARES & DEPOSITS | 863,809,718 |
| TOTAL LIABILITIES | 944,771,648 |
| Regular Reserve | 0 |
| Other Reserves | -1,886,926 |
| Undivided Earnings | 100,489,011 |
| TOTAL EQUITY | 98,602,085 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,043,373,733 |
| INCOME & EXPENSE | |
| Loan Income | 31,817,137 |
| Investment Income | 6,670,852 |
| Other Income | 5,906,036 |
| Total Employee Compensation & Benefits | 12,813,811 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 15,491,336 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,569,520 |
| Cost of Funds | 10,279,365 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,784,242 |
| ↑ Back to Top | |