2024-11-07T12:59:26-06:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 930232289 POINT WEST CREDIT UNION POIN 5035465000 5257 NE MLK JR BLVD SUITE 301 PORTLAND OR 97211 SARAH FERGASON CHIEF FINANCIAL OFFICER 5035465000 2024-11-07 1 1 WENDY CAMPOS P00448102 5032421447 2024-11-05 2023 2024-10-15 13:58:12Z SARAH FERGASON 5257 NE MLK JR BLVD SUITE 301 PORTLAND OR 97211 6329547 0 X WWW.POINTWESTCU.COM X 1933 OR TO PERFORM CREDIT UNION ACTIVITIES TO BENEFIT THE MEMBERS OF THE CREDIT UNION AND MAINTAIN THE FINANCIAL INTEGRITY OF THE CREDIT UNION. 8 8 25 12 7194 0 1400000 0 4068567 5826419 502389 503128 0 0 5970956 6329547 0 0 0 0 2099914 2251817 0 0 0 2841556 3641768 4941470 5893585 1029486 435962 107931239 109968841 97503417 99117527 10427822 10851314 X TO PROMOTE THRIFT AMONG MEMBERS BY AFFORDING THEM THE OPPORTUNITY FOR ACCUMULATING THEIR SAVINGS, TO CREATE FOR THEM A SOURCE OF CREDIT AT A FAIR AND REASONABLE RATE OF INTEREST AND TO PROVIDE THE OPPORTUNITY FOR THE MEMBERS TO USE AND CONTROL THEIR MONEY IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 0 0 NORMAL CREDIT UNION OPERATIONS, INCLUDING LENDING, DEPOSIT PRODUCTS AND FEE SERVICES FOR THE CREDIT UNION'S MEMBERS. 0 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1916 0 1 25 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 0 0 OR X SARAH FERGASON 5035465000 5257 NE MLK JR BLVD SUITE 301 PORTLAND OR 97211 AMY NELSON CEO, TREASURER 40.00 X 198250 0 15560 STEVE PAGENSTECHER CHIEF OPERATING OFFICER 40.00 X 155002 0 10776 SARAH FERGASON CHIEF FINANCIAL OFFICER 40.00 X 140404 0 11640 RAY CORNWELL VP LENDING AND OPERATIONS 40.00 X 117301 0 8950 PETER HAND CHAIR, BOARD MEMBER 1.00 X X 0 0 0 OSCAR PORRAS VICE CHAIR, BOARD MEMBER 1.00 X X 0 0 0 ROBERTO FLORES VICE CHAIR, BOARD MEMBER 1.00 X X 0 0 0 MARK OLIVER THRU 123 VICE CHAIR, BOARD MEMBER 1.00 X X 0 0 0 SONYA JUDD SECRETARY, BOARD MEMBER 1.00 X X 0 0 0 KRISTY MAYER-MEJIA BOARD MEMBER 1.00 X 0 0 0 CYNTHIA NOVELO BOARD MEMBER 1.00 X 0 0 0 FERNANDO VELEZ BOARD MEMBER 1.00 X 0 0 0 ROBIN TOMPKINS BOARD MEMBER 1.00 X 0 0 0 LORI VAN DYKE THRU 123 BOARD MEMBER 1.00 X 0 0 0 610957 0 46926 4 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 601974535 CARD PAYMENT SERVICES 246886 ZEST AI 3900 W ALAMEDA AVE FLOOR 16 BURBANK CA 91505 LENDING AI TECHNOLOGY 157500 CUPRODIGY 420 E SOUTH TEMPLE STE 520 SALT LAKE CITY UT 84111 CARD PAYMENT SERVICES 128384 3 INTEREST ON LOANS 522100 4785076 4785076 SERVICE CHARGES & FEES 522100 942268 939647 2621 OTHER NONINTEREST INC 522100 99075 94502 4573 5826419 477649 477649 25479 0 25479 25479 25479 6329547 5819225 7194 503128 531632 1375226 27778 171290 145891 19487 58690 517922 230567 190733 104078 247597 105329 547940 88129 46746 MEMBER PRODUCT 975731 PROVISION FOR LOAN LOSS 218321 LOAN SERVICING 194014 DUES 32705 63779 5893585 6424525 6821181 17748000 13112313 616481 616481 78128642 84375050 5957375 3675551 2285908 2281824 254085 216744 690002 620602 1783596 1924646 107931239 109968841 752754 1067234 0 3039115 2700000 1211710 94050663 93799468 97503417 99117527 X 0 0 0 0 10427822 10851314 10427822 10851314 107931239 109968841 435962 -12470 0 X 0 1 X 1 0 2000 0 0 2000 2000 1 CREDIT UNION LEGISLATIVE ACTION FUND 13221 SW 68TH PARKWAY SUITE 400 TIGARD OR 97223 800043051 2000 0 PART I-A, LINE 1: THE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 2318195 337546 1980649 583245 395487 187758 851677 845549 6128 2204258 2096969 107289 2281824 MEMBERS' SHARE AND SAVINGS ACCOUNTS 93799468 93799468 X 6148892 0 6148892 180655 180655 6329547 5494606 0 5494606 398979 398979 5893585 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FOOTNOTE - THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2023 AND 2022. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE RECOGNIZED BY THE CREDIT UNION AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2023 AND 2022, THE CREDIT UNION PAID NO INTEREST AND PENALTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASC 606 CONTRA-REVENUE 180,655. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASC 606 CONTRA-REVENUE 180,655. PROVISION FOR CREDIT LOSSES 218,324. X X X 0 0 0 AMY NELSON CEO, TREASURER 192250 0 6000 0 0 0 5768 0 9792 0 213810 0 0 0 STEVE PAGENSTECHER CHIEF OPERATING OFFICER 150002 0 5000 0 0 0 4500 0 6276 0 165778 0 0 0 SARAH FERGASON CHIEF FINANCIAL OFFICER 135404 0 5000 0 0 0 4062 0 7578 0 152044 0 0 0 AMY NELSON CEO SPLIT DOLLAR LIFE INSURANCE X 616481 616481 0 1 1 616481 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS ONE CLASS OF MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE CREDIT UNION MEMBERSHIP ELECTS THE BOARD OF DIRECTORS FROM AMONG THE CREDIT UNION MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE DECISION TO MERGE WITH ANOTHER ENTITY IS RESERVED FOR THE CREDIT UNION'S MEMBERSHIP. FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO PERFORM A COMPREHENSIVE REVIEW OF THE FORM 990 BEFORE FILING, INCLUDING ANALYSIS OF INCOME AND EXPENSE SOURCE AND USE. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST DISCLOSURE IS DISSEMINATED ANNUALLY AT A MINIMUM BY THE EXECUTIVE ASSISTANT; AND AUDITED BY EXTERNAL EXAMINERS. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS RESEARCHES COMPARABLE JOB DUTIES AND SIMILARLY SITUATED FINANCIAL INSTITUTIONS. COMPENSATION DATA IS COLLECTED FROM INDUSTRY SURVEYS, USUALLY PERFORMED BY CUNA OR MILLIMAN. THE CEO'S PERFORMANCE IS EVALUATED AND CONSIDERED WITH THE COMPENSATION RESEARCH. THE EXECUTIVE COMMITTEE DECIDES ON CHANGES TO THE CEO'S COMPENSATION IN THE EXECUTIVE SESSION. PRIOR TO 12/31/2023, THE LAST TIME THE EXECUTIVE COMMITTEE MET TO DECIDE CEO COMPENSATION WAS JUNE 2023. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. ADDITIONALLY, FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY OF EACH BRANCH.