2020-11-12T23:13:20-06:00 2019-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2019-01-01 930232289 POINT WEST CREDIT UNION POIN 5035465000 5257 NE MLK JR BLVD SUITE 301 PORTLAND OR 97211 SARAH FERGASON CFO 5035465000 2020-11-12 1 WENDY CAMPOS P00448102 5032421447 2020-11-12 24.20.138.177 2020-11-12 10:12:12 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 94302E12F8DA8C1D841577056D0A0625F22C54D1 2019 2022-01-07 14:23:13Z SARAH FERGASON 5257 NE MLK JR BLVD SUITE 301 PORTLAND OR 97211 5546781 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. 6 6 26 10 5638 -6896 0 0 5505831 5233105 225091 313676 0 0 5730922 5546781 7000 9100 0 0 2070806 1796241 0 0 0 4632377 2943257 6710183 4748598 -979261 798183 97952437 93191819 90469574 84913920 7482863 8277899 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 0 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 6085 0 1 26 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 0 0 X AMY NELSON 5035465000 5257 NE MLK JR BLVD SUITE 301 PORTLAND OR 97211 SUSAN BROWN CHAIR, BOARD MEMBER 1.00 X X 0 0 0 PERI THARP VICE CHAIR, BOARD MEMBER 1.00 X X 0 0 0 MARISA DANLEY VICE CHAIR, BOARD MEMBER 1.00 X X 0 0 0 ANNA MAR SECRETARY, BOARD MEMBER 1.00 X X 0 0 0 PETER HAND SECRETARY, BOARD MEMBER 1.00 X X 0 0 0 MARK OLIVER BOARD MEMBER 1.00 X 0 0 0 GRAHAM EICHMAN BOARD MEMBER 1.00 X 0 0 0 ROBERTO FLORES BOARD MEMBER 1.00 X 0 0 0 JOSH KIRBY BOARD MEMBER 1.00 X 0 0 0 AMY NELSON CEO, TREASURER 40.00 X 171369 0 13276 STEVE PAGENSTECHER COO 40.00 X 109720 0 2076 SARAH FERGASON CFO 40.00 X 98235 0 9040 379324 0 24392 2 0 1 0 FISERV PO BOX 99924 GRAPEVINE TX 76099 CORE INFORMATION PROCESSOR 178712 FIS PO BOX 4535 CAROL STREAM IL 601974535 CARD PAYMENT SERVICES 177505 2 INTEREST ON LOANS 522100 3947854 3947854 SERVICE CHARGES & FEES 522100 1158572 1155452 3120 OTHER NONINTEREST INC 522100 126679 124161 2518 5233105 298908 298908 14768 0 14768 14768 14768 5546781 5227467 5638 313676 9100 403713 1123128 19225 140751 109424 5500 57266 380036 80671 170681 54347 214179 27936 398627 148841 48244 MEMBER PRODUCT 866273 LOAN LOSS PROVISION 294115 LOAN SERVICING 104812 DUES 35404 56325 4748598 4519619 16219071 5010459 2719839 616481 616481 82212357 68758484 5755850 3017589 2946489 2738261 709686 571023 351129 345829 1586217 1222831 97952437 93191819 1067483 1017886 1000000 800000 88402091 83096034 90469574 84913920 X 0 0 0 0 7482863 8277899 7482863 8277899 97952437 93191819 798183 -3147 0 X 0 1 X 1 0 2223060 118575 2104485 573160 156361 416799 848148 729106 119042 2111482 2013547 97935 2738261 MEMBERS' SHARE AND SAVINGS ACCOUNTS 83096034 83096034 X 5378779 0 5378779 168002 168002 5546781 4580596 0 4580596 168002 168002 4748598 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FOOTNOTE - THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2019 AND 2018. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE RECOGNIZED BY THE CREDIT UNION AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2019 AND 2018, THE CREDIT UNION PAID NO INTEREST AND PENALTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASC 606 CONTRA-REVENUE 168,002. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASC 606 CONTRA-REVENUE 168,002. X X X 0 0 0 AMY NELSON CEO, TREASURER 164694 0 6675 0 0 0 3248 0 10028 0 184645 0 0 0 AMY NELSON CEO TO FUND A SPLIT-DOLLAR LIFE INSURANCE POLICY 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 12/31/2019, THE LAST TIME THE EXECUTIVE COMMITTEE MET TO DECIDE CEO COMPENSATION WAS JUNE 2019. 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.