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About ValleyStar Credit Union

ValleyStar Credit Union is a credit union serving southwest and central Virginia and north central North Carolina with a full range of consumer and commercial products and services.

ValleyStar Credit Union Headquarter Location

Martinsville, Virginia, 24115,

United States

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Latest ValleyStar Credit Union News

ValleyStar Credit Union in Virginia hires new CEO

Sep 15, 2021

By  Ken McCarthy September 15, 2021, 10:07 a.m. EDT 1 Min Read ValleyStar Credit Union in Martinsville, Virginia, has named Mike Warrell as its new CEO. He succeeds Lisa Lambrecht, who was appointed the $574 million-asset institution’s interim CEO in March. Warrell most recently served as president and CEO of $186 million-asset Solano First Federal Credit Union in Fairfield, California, which announced plans to merge into $2.5 billion-asset Valley Strong Credit Union in Bakersfield, California, in March. Warrell was hired because he has the experience to optimize member engagement and support the ValleyStar workforce, James Rorrer, ValleyStar’s chairman, said in a press release Wednesday. “The future of financial institutions lays in the ability to balance digital transformation and personal relationships and the board is confident Mike Warrell’s leadership will move us forward,” Rorrer said. Warrell said part of his task is to ensure that ValleyStar is a leader in innovation. “Our strong foundation that began in Martinsville in 1953 allows us to meet our members where they are, helping them turn financial decisions into real-life dreams of home ownership, building a retirement nest egg or enjoying the great feeling of making that final loan payment,” he said in the release. ValleyStar earned $786,000 in the second quarter, after earning about $510,000 a year earlier, according to call report data from the National Credit Union Administration.

ValleyStar Credit Union Acquisitions

1 Acquisition

ValleyStar Credit Union acquired 1 company. Their latest acquisition was Entrust Financial Credit Union on June 30, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

6/30/2019

$99M

Merger

1

Date

6/30/2019

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Merger

Sources

1

ValleyStar Credit Union Partners & Customers

1 Partners and customers

ValleyStar Credit Union has 1 strategic partners and customers. ValleyStar Credit Union recently partnered with Martinsville Speedway on February 2, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

2/8/2022

Partner

United States

Official Site Of NASCAR ValleyStar Credit Union 300 to be held at Martinsville Speedway on Sept. 24

This partnership between ValleyStar Credit Union and Martinsville Speedway gives us the chance to drive economic growth and highlight the amazing place that we , our families , friends and fellow businesses call home . ''

2

Date

2/8/2022

Type

Partner

Business Partner

Country

United States

News Snippet

Official Site Of NASCAR ValleyStar Credit Union 300 to be held at Martinsville Speedway on Sept. 24

This partnership between ValleyStar Credit Union and Martinsville Speedway gives us the chance to drive economic growth and highlight the amazing place that we , our families , friends and fellow businesses call home . ''

Sources

2

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