Valleystone Credit Union in Chicopee, Massachusetts (MA)

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Valleystone Credit Union
Employer Identification Number (EIN)046058755
Name of OrganizationValleystone Credit Union
Address46 Main St, Chicopee, MA 01020-1838
ActivitiesEndowment fund or financial services, Loans or credit reporting, Other services or benefits to members or employees
SubsectionCredit Union
Ruling Date04/1942
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Tax Period06/2012
Assets$50,000,000 to greater
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$65,608,332
Amount of Income$1,008,206
Form 990 Revenue Amount$1,008,206


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Financial snapshot ($)

Revenue for 2012

Statements Regarding Other IRS Filings and Tax Compliance (for 2012)
Did the organization have unrelated business gross income of $1,000 or more during the year?Yes
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2012)
Total revenue$1,008,206
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$561,193
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$359,141
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$87,872
Statement of Functional Expenses (for 2012)
Total functional expenses$7,416,105
Compensation of current officers, directors, trustees, and key employees$137,259
Other salaries and wages$220,970
Payroll taxes$31,446
Professional fundraising services$0
Other$7,026,430
Balance Sheet (for 2012)
Total assets$65,608,332
Total liabilities$58,095,956
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$58,095,956
Total net assets or fund balances$7,512,376
Retained earnings, endowment, accumulated income, or other funds$7,512,376
Reason for Public Charity Status (for 2012)
The organization is not a private foundation because it is:Not provided
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