Heart of the Valley YMCA exits Chapter 11 bankruptcy, renews mission focus
HUNTSVILLE – On Sept. 8, Heart of the Valley YMCA announced its successful emergence from Chapter 11 bankruptcy.
This development marks a new chapter in the organization’s longstanding commitment to strengthening the North Alabama community with programs that build a healthy spirit, mind and body, according to the Y’s press release.
The YMCA first entered Chapter 11 bankruptcy in August 2024 as part of a strategic restructuring effort. Over the past year, the association has worked diligently to stabilize operations, strengthen financial stewardship and position itself for longterm success.
“This is a turning point for the Heart of the Valley YMCA,” Rob Gray said. Gray joined the association as President and Chief Executive Officer in August.
“Our mission remains at the heart of everything we do. Exiting bankruptcy allows us to move forward with renewed strength, optimism and focus on serving children, families and neighbors across our region,” Gray said.
Now that restructuring is complete, the YMCA will continue to expand access to vital community programs. These initiatives range from youth development and family wellness to outreach activities that address health, education and social responsibility.
Heart of the Valley YMCA is committed to ensuring that all individuals, regardless of background or financial means, can benefit from the Y’s life-changing programs.
The Y also expressed deep appreciation to Redstone Federal Credit Union for its support in helping pave the pathway to recovery and a successful exit. “We are deeply grateful to Redstone Federal Credit Union for their partnership and assistance throughout the restructuring process,” Jared Sharp, YMCA Board Chair, said.
“Their collaboration and belief in the YMCA’s mission were instrumental in ensuring we could continue serving our community and emerge from this process stronger than ever,” Sharp said.
“Redstone is honored to support the Heart of the Valley YMCA in its journey toward renewed strength and stability,” Joe Newberry said. Newberry is President and CEO of Redstone Federal Credit Union. “The YMCA is a vital part of our community. We believe in their mission and are proud to stand beside them as they move forward into a brighter future.”
“While the past year has brought challenges, it has also reaffirmed the resilience of our YMCA family and the importance of our mission,” Gray said. “We are grateful for the unwavering support of our members, staff, volunteers and community partners. Together, we will build a stronger YMCA for generations to come.”
Heart of the Valley YMCA upholds the goal that the association is more than just a place to exercise or swim. The Y is a cornerstone of the community, dedicated to nurturing the potential in every child, strengthening families and providing support and strength to in-need individuals.
The Y’s mission is to put Christian principles into practice by offering programs that build healthy spirit, mind and body for all.
Heart of the Valley YMCA serves more than 35,000 individuals annually across Madison, Limestone, Morgan, Jackson and Marshall counties. The organization is committed to nurturing the potential of every child and teenager; improving the nation’s health and well-being; and giving back to its communities.
Hogan Family YMCA’s address is 130 Park Square Lane in Madison. For more information, visit ymcahuntsville.org.
