Organizations Filed Purposes:
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.
THE CREDIT UNION PROVIDES SEVERAL DEPOSIT ACCOUNT TYPES TO MEMBERS INCLUDING SAVINGS, CHECKING, CERTIFICATES AND OTHER. THE TOTAL NUMBER OF MEMBERS AT 12/31/2016 2,715.
THE CREDIT UNION PROVIDES A VARIETY OF LOANS TO MEMBERS INCLUDING REAL ESTATE, CREDIT CARD, VEHICLE AND OTHER. THE TOTAL NUMBER OF LOANS OUTSTANDING AT 12/31/2016 WAS 1,602.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Stanley D Hayes | PRESIDENT/CEO | 40 | $48,671 |
| Andrew Healy | NCUA CONSERVATOR | 40 | $0 |
| Kathleen Marcoux | DIRECTOR | 1 | $0 |
| Lorraine Tourangeau | DIRECTOR | 1 | $0 |
| Jean Kuebler | SECRETARY | 1 | $0 |
| Joseph Caudy Iii | TREASURER | 1 | $0 |
| Renee Raney | V. CHAIRMAN | 1 | $0 |
| Sidney Diggs Iv | CHAIRMAN | 1 | $0 |
| Victor Lord | DIRECTOR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/201730559349300118_public.xml