Valley Community Credit Union

The information available does not correspond to a well-known nonprofit organization named "Valley Community Credit Union" with the EIN 820251201. However, there are similar credit unions in the United States, such as Valley Communities Credit Union and Valley Credit Union, which share similar philosophies and characteristics. Given this, here is an overview of the general structure and purpose of such credit unions:

Structure and Purpose

Valley credit unions, like many others, are not-for-profit cooperative financial institutions. They are member-owned and controlled by a volunteer board of directors elected by the membership. This board is responsible for setting policies, dividend and loan rates, and overseeing various operations. The primary goal of these institutions is to provide members with a secure and convenient place to save and borrow at reasonable rates, focusing on benefiting members rather than generating profits.

Types of Nonprofit

Credit unions are typically designated as 501(c)(14), indicating they are state-chartered and act as mutual reserve funds. These organizations are exempt from federal income tax under Section 501(c)(14) of the Internal Revenue Code.

Community Impact

Many credit unions, including those similar to "Valley," engage in community outreach and philanthropic initiatives. These efforts can include financial literacy programs, community sponsorships, and charitable donations to local organizations. The emphasis on giving back to the community aligns with the credit union philosophy of "People helping People."

Membership

Membership in these organizations is often based on geographic criteria, such as living, working, or owning property within designated areas. Members typically need to maintain a minimum balance in a savings account to remain active.

Without specific information on "Valley Community Credit Union" with the EIN 820251201, this description provides a general overview of similar credit unions. If specific details about this organization become available, they could be integrated to enhance the article.

Note: Since there's insufficient information about "Valley Community Credit Union" with EIN 820251201, this article provides a general description of similar credit unions in the United States.