Message From President and CEO

Hello ValleyStar members,

In light of the latest news in the financial sector, it’s important that you know your money is safe and secure with ValleyStar Credit Union.

When you put your trust in us, we take that seriously. You can be assured that you are at the center of every decision we make. The ValleyStar team lives and works in the communities we serve. We invest in you, our member, by taking local deposits and making local loans that strengthen our neighborhoods and local business owners. We prudently manage your money and effectively manage risk every day. We remain committed to you.

Maintaining the financial strength of your credit union is the foundation of all we do here at ValleyStar. Our continued high levels of capital are a sound measure of our financial strength and ability to weather changes in the financial and economic environment, even dramatically.

Here are some details:

• The National Credit Union Administration considers a credit union with 7% net worth as “well-capitalized.”
• ValleyStar is proud to report that our net worth far exceeds this minimum, with more than 92%of net worth.
• ValleyStar Credit Union has also received the “5-Star” rating from Bauer Financial Reports each consecutive period since Bauer began evaluating credit unions in 1990.
• A “5-Star” rating from Bauer is the highest rating from this impartial rating agency, and Bauer verifies that we are among the safest financial institutions in the United States! Bauer Financial keeps its rating facts at Tell Me More | BauerFinancial.
• Your deposits at ValleyStar are protected by the NCUA, the National Credit Union Share Insurance Fund. Deposits are insured up to $250,000 per individual depositor.
• To find information on ValleyStar’s financial position, we also keep the most recent annual reportfor you to view anytime on valleystar.org.

Simply put, maintaining the strength and security of your credit union is and will always be our #1 priority. Credit Union members have never lost a penny of insured savings at any Virginia credit union.

Thank you for your trust in ValleyStar Credit Union. For 70 years, ValleyStar has been strong, stable and secure, and we remain financially sound as we move toward the future.

Thank you for your membership.

Sincerely, 

Mike Warrell
President and CEO, ValleyStar Credit Union