Rock Valley Credit Union

Nonprofit profile at a glance

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

14 people listed

DARLYNE KELLER (CEO): $267,424 total reported compensation
MATT PAPOCCIA (VICE PRESIDENT OF LENDING): $176,024 total reported compensation
JODI APPELGREN (VICE PRESIDENT OF FINANCE): $173,990 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Rock Valley Credit Union is a not-for-profit financial institution owned and operated by its members.

Provided checking service to 11,090 member accounts; provided savings services to 20,970 member accounts

Revenue model: Earned-program. 96% of the money available for current operations came from fees and other program revenue.
Distribution model: Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
Foreign activity oversight: Limited
Grant itemization coverage: Limited
Major donor itemization: Limited
Related-party transparency: Limited

Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Operating margin: 11.7%; rating input score 62; 62nd percentile among comparable filings
Total-asset coverage ratio: 14.56; rating input score 89; 89th percentile among comparable filings
Liabilities to assets ratio: 0.89; rating input score 8; 8th percentile among comparable filings
Officer compensation ratio: 8.8%; rating input score 31; 31st percentile among comparable filings

Program expense growth: 7.6% per year; rating input score 100; 56th percentile among comparable filings
Revenue growth: 8% per year; rating input score 100; 63rd percentile among comparable filings
Asset growth: 4.4% per year; rating input score 100; 29th percentile among comparable filings

What they do: 1 programs and campaigns described on the official site
Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
Governance: 8 of 8 board members independent · 9 of 9 filing controls reported
Programs: 3 filed program accomplishments · $11.8M in reported program spending
Leadership: top reported pay $267K · 14 people listed · 1 of 6 pay-setting controls reported
Consistency: 10 of 10 current checks pass
Schedules: 3 filed schedules · includes executive pay
Filing history: 6 filing years from 2020 to 2025
Contacts: How to reach this organization
Money network: 6 filed money-flow records
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Signals prioritize questions for review. They are not findings of misconduct.