2020-06-26T09:11:57-05:00 2019-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2019-01-01 930257765 ONPOINT COMMUNITY CREDIT UNION ONPO 5032731764 PO BOX 3750 PORTLAND OR 972083750 JAMES HUNT SVP/CFO 5032731764 2020-06-15 1 WENDY CAMPOS P00448102 5032421447 2020-06-08 73.96.206.44 2020-06-15 15:22:35 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 697E1C7253A5CA0A5488E87239FE5BE3AB33F6DC 2019 2021-04-22 16:20:28Z ROBERT STUART PO BOX 3750 PORTLAND OR 972083750 294829716 0 X WWW.ONPOINTCU.COM X 1932 OR PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 9 9 879 0 909721 -945864 0 0 211046223 232954258 26103206 44491719 0 0 237149429 277445977 549781 802679 0 0 65732230 73173474 0 0 0 90829548 103446852 157111559 177423005 80037870 100022972 5392942516 6130686655 4758742273 5366514189 634200243 764172466 PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 0 0 IN 2019, MEMBERSHIP IN THE CREDIT UNION GREW TO 390,039 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES, INCLUDING THE PROVISION OF 215,126 LOANS AND 840,540 DEPOSIT ACCOUNTS TO MEMBERS AT COMPETITIVE RATES. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 130901 0 1 879 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X STEVE BROUILLET CONTROLLER 5032214118 2701 NW VAUGHN STREET SUITE 800 PORTLAND OR 97210 T TSURUTA BOARD SECRETARY 6.50 X X 39679 0 0 S GOLDSCHMIDT DIRECTOR 6.50 X 35275 0 0 L JOHNSON BOARD CHAIR 13.00 X X 33951 0 0 M MROCZEK BOARD VICE CHAIR 6.50 X X 30207 0 0 S NARENDRA DIRECTOR 6.50 X 29000 0 0 K THOMAJAN DIRECTOR 6.50 X 29000 0 0 K MORRIS DIRECTOR 6.50 X 16340 0 0 M DAMM DIRECTOR 6.50 X 16097 0 0 C HARMS DIRECTOR 6.50 X 15826 0 0 K DURHAM DIRECTOR 6.50 X 15420 0 0 D NAKATA DIRECTOR 6.50 X 14500 0 0 K SCHWARTZROCK DIRECTOR 6.50 X 14500 0 0 R STUART PRESIDENT/CEO 50.00 X 2398512 0 784975 J HUNT SVP/CHIEF FINANCIAL OFFICER 45.00 X 1678718 0 403424 S LEUGERS SVP/CHIEF LENDING OFFICER 45.00 X 395215 0 314616 T MCVAY SVP/CHIEF RETAIL OFFICER 45.00 X 1074395 0 402174 J ARMSTRONG SVP/CHIEF INFORMATION OFFICER 45.00 X 854729 0 355272 S OWEN SVP/CHIEF OPERATIONS OFFICER 45.00 X 787173 0 41564 V ERVIN SVP/CHIEF COMPLIANCE OFFICER 45.00 X 424700 0 271076 J DUNCKLEY SVP/CHIEF TALENT OFFICER 45.00 X 213783 0 29356 M DEBUHR VP/REGIONAL MANAGER 45.00 X 639760 0 103065 A EMERSON VP/ONPOINT MORTGAGE 45.00 X 551706 0 142616 K LUIDHARDT MORTGAGE LOAN OFFICER 45.00 X 370587 0 36313 M LINDSAY VP/WEALTH MANAGEMENT 45.00 X 354153 0 36313 J RODGERS MORTGAGE SALES MANAGER 45.00 X 337431 0 44583 10370657 0 2965347 130 0 1 0 PAYMENT SYSTEMS FOR CREDIT UNIONS 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 5183730 STRUM 1200 SIXTH AVE STE 900 SEATTLE WA 98101 MARKETING & PROMOTIONAL 5143253 P&C CONSTRUCTION COMPANY 2133 NW YORK STREET PORTLAND OR 97210 CONSTRUCTION 4670548 Q2 SOFTWARE INC 2975 REGENT BLVD IRVING TX 75320 ONLINE BANKING 4214533 FISERV 75 REMITTANCE DR STE 6959 CHICAGO IL 60675 ONLINE BANKING 3214638 79 INTEREST MEMBER LOANS 522100 155282762 155282762 INTERCHANGE INCOME 522100 35473512 35473512 OTHER OPERATING INCOME 522100 26792809 26023593 769216 SERVICE FEES 522100 15405175 15264670 140505 232954258 43833754 43833754 18039596 2108 17387515 -3776 652081 5884 657965 657965 277445977 232044537 909721 44491719 X 802679 10719479 44218759 4351627 9114689 4768920 300116 108000 21566679 8607507 10982115 6994383 9176767 596169 448881 27469767 3724672 519935 PROVISION FOR LOAN LOSS 5039347 7912514 177423005 865129884 596852690 15238017 8514295 13474711 17891392 3492029631 3873949773 4217779 5395350 53031792 25465649 19450675 27566143 888316454 1493323596 62881000 73488327 32204365 33705089 5392942516 6130686655 64253841 79320193 2278107 1584206 2937601 4381618 296395296 499526671 4392877428 4781701501 4758742273 5366514189 X 0 0 0 0 634200243 764172466 634200243 764172466 5392942516 6130686655 100022972 29949251 0 X 0 1 X 1 0 41166 41166 41166 1 NORTHWEST CREDIT UNION ASSOCIATION 18000 INTL BLVD 305 SEATAC WA 98188 910460483 41166 0 PART I-A, LINE 1: THE CONTRIBUTION WAS TO THE CREDIT UNION LEGISLATIVE ACTION FUND, WHICH ENHANCES CREDIT UNIONS' VISIBILITY AMONG LAWMAKERS AND BUILDS STRONG POLITICAL RELATIONSHIPS. 0 1 X 3577511 3577511 3453963 1338958 2115005 17473218 11470644 6002574 19263760 12390686 6873074 9263340 265361 8997979 27566143 SAVINGS 1879234852 CHECKING 1324571033 MONEY MARKET ACCOUNTS 896563586 INDIVIDUAL RETIREMENT ACCOUNTS 184743134 CERTIFICATES OF DEPOSIT 496588896 4781701501 X 307395228 29949251 29949251 277445977 0 277445977 177423005 0 177423005 0 177423005 PART IV, LINE 2B: THE FUNDS ONPOINT COLLECTS FOR TAXES AND INSURANCE ON BEHALF OF ITS MEMBERS ARE HELD IN AN ESCROW ACCOUNT AND INCLUDED WITHIN THE BALANCE SHEET. PART X, LINE 2: THE CREDIT UNION IS EXEMPT, BY STATUTE, FROM FEDERAL INCOME TAXES. THE CREDIT UNION IS A STATE CHARTERED CREDIT UNION DESCRIBED IN IRC SECTION 501(C)(14). AS SUCH, THE CREDIT UNION IS EXEMPT FROM FEDERAL TAXATION OF INCOME DERIVED FROM THE PERFORMANCE OF ACTIVITIES THAT ARE IN FURTHERANCE OF ITS EXEMPT PURPOSES. AN EXEMPT ORGANIZATION RETURN AND UNRELATED BUSINESS INCOME TAX RETURNS ARE FILED ANNUALLY WITH THE APPLICABLE FEDERAL AND STATE TAX JURISDICTIONS. FASB CODIFICATION TOPIC 740, INCOME TAXES, PROVIDES GUIDANCE FOR HOW UNCERTAIN TAX POSITIONS SHOULD BE RECOGNIZED, MEASURED, DISCLOSED AND PRESENTED IN THE FINANCIAL STATEMENTS. THIS REQUIRES THE EVALUATION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE COURSE OF PREPARING THE CREDIT UNION'S TAX RETURNS TO DETERMINE WHETHER THE TAX POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED "WHEN CHALLENGED OR "WHEN EXAMINED" BY THE APPLICABLE TAX AUTHORITY. TAX POSITIONS NOT DEEMED TO MEET THE MORE-LIKELY-THAN-NOT THRESHOLD WOULD BE RECORDED AS A TAX EXPENSE AND LIABILITY IN THE CURRENT YEAR. FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. THE CREDIT UNION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS AS AN ADMINISTRATIVE EXPENSE. NO INTEREST AND PENALTIES WERE RECOGNIZED FOR THE YEARS ENDED DECEMBER 31, 2019 AND 2018. 1 DE LA SALLE NORTH CATHOLIC HIGH SCHOOL 7528 N FENWICK AVE PORTLAND OR 97217 931287554 501(C)(3) 125000 COMMUNITY OUTREACH DOERNBECHER CHILDREN'S HOSPITAL 1121 SW SALMON ST STE 100 PORTLAND OR 97205 930579589 501(C)(3) 82352 COMMUNITY OUTREACH CASCADE AIDS PROJECT 520 NW DAVIS ST 215 PORTLAND OR 97209 930903383 501(C)(3) 49750 COMMUNITY OUTREACH OREGON FOOD BANK 7900 NE 33RD DR PORTLAND OR 97221 930785786 501(C)(3) 42110 COMMUNITY OUTREACH SCHOOLHOUSE SUPPLIES 2735 NE 82ND AVE PORTLAND OR 97220 204223437 501(C)(3) 35100 COMMUNITY OUTREACH MEALS ON WHEELS PEOPLE 7710 SW 31ST AVE PORTLAND OR 97219 930584318 501(C)(3) 33520 COMMUNITY OUTREACH NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD STE 350 SEATAC WA 98188 910460483 501(C)(3) 32000 COMMUNITY OUTREACH CHILDREN'S CANCER ASSOCIATION 1200 NW NAITO PARKWAY STE 140 PORTLAND OR 97209 931181662 501(C)(3) 30000 COMMUNITY OUTREACH CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 25000 COMMUNITY OUTREACH JOIN 1435 NE 81ST AVE STE 100 PORTLAND OR 97292 931090005 501(C)(3) 21437 COMMUNITY OUTREACH NEIGHBORHOOD HOUSE 7780 SW CAPITOL HWY PORTLAND OR 97219 930386875 501(C)(3) 20870 COMMUNITY OUTREACH RANDALL CHILDREN'S HOSPITAL FOUNDATION 2801 N GATENBEIN AVE PORTLAND OR 97227 931314469 501(C)(3) 15200 COMMUNITY OUTREACH UNITED WAY OF THE COLUMBIA-WILLAMETTE 619 SW 11TH AVE 300 PORTLAND OR 97205 930582124 501(C)(3) 10100 COMMUNITY OUTREACH THE NATURE CONSERVANCY 821 SE 14TH AVE PORTLAND OR 97214 530242652 501(C)(3) 10000 COMMUNITY OUTREACH OREGON HUMANE SOCIETY 1067 NE COLUMBIA BLVD PORTLAND OR 97221 930386880 501(C)(3) 10000 COMMUNITY OUTREACH ST CLARE SCHOOL 1807 FREEMAN PORTLAND OR 97219 930465871 501(C)(3) 10000 COMMUNITY OUTREACH PARKS FOUNDATION OF CLARK COUNTY 1718 SE 7TH AVENUE CAMAS WA 98607 911986747 501(C)(3) 6500 COMMUNITY OUTREACH GUIDE DOGS FOR THE BLIND 350 LOS RANCHITOS RD SAN RAFAEL CA 94903 941196195 501(C)(3) 5100 COMMUNITY OUTREACH NORTH CLACKAMAS EDUCATION FOUNDATION 8800 SE SUNNYSIDE RT STE 121S CLACKAMAS OR 97015 931114786 501(C)(3) 5000 COMMUNITY OUTREACH OREGON MUSEUM OF SCIENCE AND INDUSTRY 1945 SE WATER AVENUE PORTLAND OR 97214 930402877 501(C)(3) 5000 COMMUNITY OUTREACH 20 0 PART I, LINE 2: ONPOINT REVIEWS REQUESTS FOR DONATIONS AND REQUESTS ALL RECIPIENTS PROVIDE A RECEIPT VERIFYING THEIR 501(C)(3) STATUS. NO FORMAL MONITORING OF GRANTS OR DONATIONS IS PERFORMED, BUT ONPOINT PERIODICALLY PERFORMS INFORMAL FOLLOW-UPS WITH RECIPIENTS. THE ANNUAL CLIFFORD C. DIAS LEADERSHIP SCHOLARSHIP PROGRAM WAS APPROVED BY THE BOARD, ALLOWING MR. DIAS TO SELECT RECIPIENTS AT HIS DISCRETION. X X X X 1 1 X X X X 0 1 0 R STUART PRESIDENT/CEO 633450 0 625215 0 1139847 0 776662 0 8313 0 3183487 0 774228 0 J HUNT SVP/CHIEF FINANCIAL OFFICER 283510 0 286988 0 1108220 0 392228 0 11196 0 2082142 0 1041747 0 S LEUGERS SVP/CHIEF LENDING OFFICER 241463 0 134563 0 19189 0 291364 0 23252 0 709831 0 0 0 T MCVAY SVP/CHIEF RETAIL OFFICER 319757 0 278265 0 476373 0 378922 0 23252 0 1476569 0 344911 0 J ARMSTRONG SVP/CHIEF INFORMATION OFFICER 283097 0 248655 0 322977 0 338689 0 16583 0 1210001 0 293397 0 S OWEN SVP/CHIEF OPERATIONS OFFICER 180396 0 228655 0 378122 0 28000 0 13564 0 828737 0 310997 0 V ERVIN SVP/CHIEF COMPLIANCE OFFICER 215775 0 192725 0 16200 0 263347 0 7729 0 695776 0 0 0 J DUNCKLEY SVP/CHIEF TALENT OFFICER 153796 0 56087 0 3900 0 21043 0 8313 0 243139 0 0 0 M DEBUHR VP/REGIONAL MANAGER 128137 0 47869 0 463754 0 88122 0 14943 0 742825 0 50000 0 A EMERSON VP/ONPOINT MORTGAGE 126383 0 418243 0 7080 0 126907 0 15709 0 694322 0 0 0 K LUIDHARDT MORTGAGE LOAN OFFICER 0 0 369494 0 1093 0 28000 0 8313 0 406900 0 0 0 M LINDSAY VP/WEALTH MANAGEMENT 133024 0 219756 0 1373 0 28000 0 8313 0 390466 0 0 0 J RODGERS MORTGAGE SALES MANAGER 60000 0 276338 0 1093 0 28000 0 16583 0 382014 0 0 0 PART I, LINE 1A * FIRST-CLASS TRAVEL - PRESIDENT/CEO & ALL DIRECTORS (10 PEOPLE); NOT TAXABLE TO INDIVIDUALS BECAUSE SUCH TRAVEL IS REASONABLE AND CUSTOMARY WITHIN THE INDUSTRY FOR HIGH-LEVEL EXECUTIVES. THE BOARD HAS APPROVED SUCH TRAVEL IN LIMITED CIRCUMSTANCES AND SUBSTANTIATION OF ALL EXPENSES IS REQUIRED. * TRAVEL FOR COMPANIONS - ALL DIRECTORS (9 PEOPLE); TAXABLE TO INDIVIDUALS * HEALTH OR SOCIAL CLUB DUES - PRESIDENT/CEO; TAXABLE TO INDIVIDUALS * PERSONAL SERVICES - PRESIDENT/CEO AND SENIOR EXECUTIVES (7 PEOPLE); TAXABLE TO INDIVIDUALS PART I, LINE 4B THE FOLLOWING INDIVIDUALS RECEIVED PAYMENT FROM A 457(F) SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: R. STUART - $1,061,572 J. HUNT - $1,099,115 T. MCVAY - $451,139 J. ARMSTRONG - $306,764 S. OWEN - $367,445 M. DEBUHR - $462,772 AMOUNTS THAT WERE REPORTED AS DEFERRED ON PRIOR YEAR FORMS 990 ARE INCLUDED IN PART II, COLUMN F. PART I: THE BOARD OF DIRECTORS CONTROLS ALL COMPENSATION OR BENEFIT CHANGES THAT WOULD AFFECT THE PRESIDENT/CEO. ALL CHANGES TO THE PRESIDENT/CEO'S COMPENSATION AND BENEFITS ARE GOVERNED BY AN EMPLOYMENT CONTRACT AND ANY AMENDMENTS TO THE CONTRACT. THE COMPENSATION COMMITTEE REVIEWS THE PRESIDENT/CEO'S COMPENSATION PACKAGE EACH YEAR. THE SALARY SCHEDULE AND BENEFITS PROGRAM FOR THE PRESIDENT/CEO IS TIED TO GEOGRAPHIC STUDIES OF SALARIES AND BENEFITS PERFORMED BY PROFESSIONAL ORGANIZATIONS WITH EXPERTISE IN THE AREA OF COMPENSATION. THESE INCLUDED THE CARDWELL CONSULTING 2018 TOP CEO TOTAL COMPENSATION SURVEY REPORT AND THE 2018 TOWERS WATSON EXECUTIVE COMPENSATION PAY ASSESSMENT. FORM 990, PART VI, SECTION A, LINE 6 ONPOINT COMMUNITY CREDIT UNION IS A NATURAL PERSON CREDIT UNION, OWNED BY ITS MEMBERS. AT 12/31/19, THERE WERE 390,039 MEMBERS IN THE CREDIT UNION. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE CREDIT UNION ELECT THE BOARD OF DIRECTORS FROM A SLATE OF CANDIDATES PUT FORTH BY THE NOMINATING COMMITTEE PRIOR TO THE ANNUAL MEETING. BOARD POSITIONS HAVE STAGGERED RENEWAL DATES IN THREE YEAR TERMS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B INFORMATION FOR THE COMPLETION OF FORM 990 WAS GATHERED BY THE CREDIT UNION'S ACCOUNTING DEPARTMENT. AN OUTSIDE ACCOUNTING FIRM PREPARED THE TAX RETURN AND IT WAS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C MONITORING OF THE CONFLICT OF INTEREST POLICY IS CONDUCTED THROUGH AN ANNUAL POLICY REVIEW. STAFF MEMBERS ARE REQUIRED EACH YEAR TO REVIEW, READ AND SIGN THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS ANNUALLY ADOPTS THE BOARD GOVERNANCE MANUAL, WHICH INCLUDES A CONFLICT OF INTEREST POLICY. AT THE POINT OF A POTENTIAL CONFLICT FOR A BOARD MEMBER, A PEER REVIEW IS CONDUCTED. ENFORCEMENT OF THE CONFLICT OF INTEREST POLICY FOR BOARD MEMBERS AND STAFF IS BASED ON A REVIEW OF POTENTIAL CONFLICTS AND, IF A CONFLICT EXISTS, MEDIATION OCCURS. FORM 990, PART VI, SECTION B, LINE 15A THE BOARD OF DIRECTORS CONTROLS ALL COMPENSATION OR BENEFIT CHANGES THAT WOULD AFFECT THE PRESIDENT/CEO. ALL CHANGES TO THE PRESIDENT/CEO'S COMPENSATION AND BENEFITS ARE GOVERNED BY AN EMPLOYMENT CONTRACT AND ANY AMENDMENTS TO THE CONTRACT. THE COMPENSATION COMMITTEE REVIEWS THE PRESIDENT/CEO'S COMPENSATION PACKAGE EACH YEAR. THE SALARY SCHEDULE AND BENEFITS PROGRAM FOR THE PRESIDENT/CEO IS TIED TO GEOGRAPHIC STUDIES OF SALARIES AND BENEFITS PERFORMED BY PROFESSIONAL ORGANIZATIONS WITH EXPERTISE IN THE AREA OF COMPENSATION. THESE INCLUDED THE CARDWELL CONSULTING 2018 TOP CEO TOTAL COMPENSATION SURVEY REPORT AND THE 2018 TOWERS WATSON EXECUTIVE COMPENSATION PAY ASSESSMENT. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G ATM/POS CARD PROGRAM SERVICES 4,716,862. VISA DEBIT CARD PROGRAM SERVICES 5,369,410. VISA CREDIT CARD PROGRAM SERVICES 4,176,238. OUTSIDE PROFESSIONAL SERVICES 5,193,357. OTHER LOAN FEES 2,063,164. BUSINESS LOAN FEES 44,182. COLLECTIONS - OREO 3,466. ONPOINT SERVICE GROUP LLC 2701 NW VAUGHN ST STE 800 PORTLAND OR 97210 INACTIVE OR 0 0 ONPOINT COMMUNITY CREDIT UNION