2019-05-10T12:04:33-05:00 2018-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2018-01-01 930257765 ONPOINT COMMUNITY CREDIT UNION ONPO 5032731764 PO BOX 3750 PORTLAND OR 972083750 JAMES HUNT SVP/CFO 5032731764 2019-05-10 1 WENDY CAMPOS P00448102 5032421447 2019-05-08 12.129.7.100 2019-05-10 12:01:42 PD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 CEB32098E0DA78823741A708D31426FEC07C0BDB 2018 2019-02-21 02:37:17Z ROBERT STUART PO BOX 3750 PORTLAND OR 972083750 349952714 0 X WWW.ONPOINTCU.COM X 1932 OR PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 9 9 841 0 987940 0 0 0 181755146 211046223 20072098 26103206 0 0 201827244 237149429 509798 549781 0 0 60750378 65732230 0 0 0 76292401 90829548 137552577 157111559 64274667 80037870 5129362102 5392942516 4582061041 4758742273 547301061 634200243 THE PURPOSE OF ONPOINT IS TO PROMOTE THE FINANCIAL WELL-BEING OF OUR MEMBERS BY BEING THE PREFERRED PROVIDER OF CONSUMER PRODUCTS AND SERVICES AND TO ENSURE THE SAFETY AND SOUNDNESS OF OUR CREDIT UNION. 0 0 IN 2018, MEMBERSHIP IN THE CREDIT UNION GREW TO 361,518 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES, INCLUDING THE PROVISION OF 206,736 LOANS AND 783,055 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 100049 0 1 841 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 CHAIR 13.00 X X 36150 0 0 L JOHNSON BOARD VICE CHAIR 6.50 X X 28561 0 0 M MROCZEK BOARD SECRETARY 6.50 X X 29134 0 0 C HARMS DIRECTOR 6.50 X 32552 0 0 K SCHWARTZROCK DIRECTOR 6.50 X 27900 0 0 K THOMAJAN DIRECTOR 6.50 X 15669 0 0 S NARENDRA DIRECTOR 6.50 X 27900 0 0 K MORRIS DIRECTOR 6.50 X 28166 0 0 S GOLDSCHMIDT DIRECTOR 6.50 X 26679 0 0 L SCHULWITZ DIRECTOR 6.50 X 15398 0 0 R STUART PRESIDENT/CEO 50.00 X 1361344 0 792682 J HUNT SVP/CHIEF FINANCIAL OFFICER 45.00 X 1001556 0 157760 S LEUGERS SVP/CHIEF LENDING OFFICER 45.00 X 351331 0 264011 T MCVAY SVPCHIEF RETAIL OFFICER & WEALTH MGMT EXEC 45.00 X 624825 0 405281 J ARMSTRONG SVPCHIEF INFO OFFICER & HR EXEC 45.00 X 578295 0 361302 S OWEN SVP/CHIEF OPERATIONS OFFICER 45.00 X 549010 0 364637 V ERVIN SVP/CHIEF COMPLIANCE OFFICER 45.00 X 402782 0 256196 A EMERSON VP/ONPOINT MORTGAGE 45.00 X 418729 0 88177 C MILAM VP/CREDIT ADMINISTRATION 45.00 X 333937 0 44585 M MONTGOMERY MORTGAGE LOAN OFFICER 45.00 X 305410 0 35836 M LINDSAY INVESTMENT MANAGER 45.00 X 292780 0 28305 T REINK MORTGAGE LOAN OFFICER 45.00 X 274904 0 50675 6763012 0 2849447 108 0 1 0 WEBER MARKETING GROUP 225 TERRY AVE N SUITE 400 SEATTLE WA 98109 MARKETING AND PROMOTIONAL 4888899 PAYMENT SYSTEMS FOR CREDIT UNIONS 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 3558074 FISERV 75 REMITTANCE DR SUITE 1698 CHICAGO IL 60675 ONLINE BANKING 3211690 P&C CONSTRUCTION COMPANY 2133 NW YORK STREET PORTLAND OR 97210 CONSTRUCTION 2551769 Q2 SOFTWARE INC 2975 REGENT BLVD IRVING TX 75320 ONLINE BANKING 2223300 75 INTEREST MEMBER LOANS 522100 136239331 136239331 INTERCHANGE INCOME 522100 37396130 37396130 OTHER OPERATING INCOME 522100 22643637 21810080 833557 SERVICE FEES 522100 14767125 14612742 154383 211046223 31803985 31803985 107102506 112780422 22863 -5677916 -22863 -5700779 -5700779 237149429 210058283 987940 26103206 X 549781 7739121 42312959 3154399 8390913 4134838 355743 102000 21866509 7239262 9414783 7553456 8094992 538821 404407 16664310 4613589 531038 PROVISION FOR LOAN LOSS 4325475 9125163 157111559 829191968 865129884 19112980 15238017 9981851 13474711 3303085898 3492029631 4955215 4217779 42104859 22654184 15934521 19450675 786754255 888316454 59443222 62881000 100902192 32204365 5129362102 5392942516 68258528 64253841 2986843 2278107 3476200 2937601 329877725 296395296 4177461745 4392877428 4582061041 4758742273 X 0 0 0 0 547301061 634200243 547301061 634200243 5129362102 5392942516 80037870 6861312 0 X 0 1 X 1 0 40053 40053 40053 1 NORTHWEST CREDIT UNION ASSOCIATION 18000 INTL BLVD 305 SEATAC WA 98188 910460483 40053 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 3835154 3835154 3453963 1474866 1979097 17295745 10411527 6884218 17519997 10767791 6752206 19450675 SAVINGS 1383061492 CHECKING 1209735537 MONEY MARKET ACCOUNTS 1208497549 INDIVIDUAL RETIREMENT ACCOUNTS 183798591 CERTIFICATES OF DEPOSIT 407784259 4392877428 X 244010741 6861312 6861312 237149429 0 237149429 157111559 0 157111559 0 157111559 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, 2018 AND 2017, 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, 2018 AND 2017. 1 DOERNBECHER CHILDREN'S HOSPITAL FOUNDATION 1121 SW SALMON ST STE 100 PORTLAND OR 97205 930579589 501(C)(3) 71480 COMMUNITY OUTREACH FINANCIAL BEGINNINGS CORPORATION 9600 SW CAPITOL HWY PORTLAND OR 97219 203530960 501(C)(3) 30000 COMMUNITY OUTREACH RAPHAEL HOUSE OF PORTLAND 4110 SE HAWTHORNE BLVD 503 PORTLAND OR 97214 930710963 501(C)(3) 25000 COMMUNITY OUTREACH LEGACY HEALTH FOUNDATION 1130 NW 22ND AVE BLDG 3 200 PORTLAND OR 97201 465562403 501(C)(3) 20400 COMMUNITY OUTREACH CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 19715 COMMUNITY OUTREACH SUNSHINE DIVISION INC 687 N THOMPSON ST PORTLAND OR 97227 930429354 501(C)(3) 18500 COMMUNITY OUTREACH UNIVERSITY OF OREGON FOUNDATION 1720 E 13TH AVE STE 410 EUGENE OR 97403 936015767 501(C)(3) 17154 COMMUNITY OUTREACH CASCADE AIDS PROJECT 520 NW DAVIS ST PORTLAND OR 97209 930903383 501(C)(3) 15000 COMMUNITY OUTREACH DE LA SALLE NORTH CATHOLIC HIGH 7528 N FENWICK PORTLAND OR 97217 931287554 501(C)(3) 11900 COMMUNITY OUTREACH RANDALL CHILDREN'S HOSPITAL FOUNDATION 2801 N GATENBEIN AVE PORTLAND OR 97227 931314469 501(C)(3) 10000 COMMUNITY OUTREACH ST CLARE SCHOOL 1807 FREEMAN ST PORTLAND OR 97219 930465871 501(C)(3) 10000 COMMUNITY OUTREACH PORTLAND HOUSING CENTER 3233 NE SANDY BLVD PORTLAND OR 97232 931111589 501(C)(3) 10000 COMMUNITY OUTREACH CALIFORNIA COMMUNITY FOUNDATION 221 S FIGUEROA ST 400 LOS ANGELES CA 90012 933510055 501(C)(3) 10000 COMMUNITY OUTREACH SCHOOLHOUSE SUPPLIES 2735 NE 82ND AVE PORTLAND OR 97220 204223437 501(C)(3) 10000 COMMUNITY OUTREACH THE DOUGY CENTER 3909 SE 52ND PORTLAND OR 97206 930833241 501(C)(3) 8500 COMMUNITY OUTREACH NORTH CLACKAMAS SCHOOL DISTRICT 2301 SE WILLARD ST PORTLAND OR 97222 931114786 501(C)(3) 6372 COMMUNITY OUTREACH GUIDE DOGS FOR SAN RAFEAL 350 LOS RANCHITOS SAN RAFEAL CA 94903 941196195 501(C)(3) 5700 COMMUNITY OUTREACH 17 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 653530 0 74364 0 784346 0 8336 0 2154026 0 0 0 J HUNT SVP/CHIEF FINANCIAL OFFICER 322500 0 667432 0 11624 0 141154 0 16606 0 1159316 0 0 0 S LEUGERS SVP/CHIEF LENDING OFFICER 222647 0 50000 0 78684 0 244617 0 19394 0 615342 0 0 0 T MCVAY SVPCHIEF RETAIL OFFICER & WEALTH MGMT EXEC 314000 0 289977 0 20848 0 382006 0 23275 0 1030106 0 0 0 J ARMSTRONG SVPCHIEF INFO OFFICER & HR EXEC 278000 0 284025 0 16270 0 341362 0 19940 0 939597 0 0 0 S OWEN SVP/CHIEF OPERATIONS OFFICER 278000 0 259025 0 11985 0 341362 0 23275 0 913647 0 0 0 V ERVIN SVP/CHIEF COMPLIANCE OFFICER 205125 0 183792 0 13865 0 248990 0 7206 0 658978 0 0 0 A EMERSON VP/ONPOINT MORTGAGE 122701 0 293908 0 2120 0 64902 0 23275 0 506906 0 0 0 C MILAM VP/CREDIT ADMINISTRATION 159510 0 154890 0 19537 0 27500 0 17085 0 378522 0 0 0 M MONTGOMERY MORTGAGE LOAN OFFICER 0 0 303645 0 1765 0 27500 0 8336 0 341246 0 0 0 M LINDSAY INVESTMENT MANAGER 126031 0 165917 0 832 0 19969 0 8336 0 321085 0 0 0 T REINK MORTGAGE LOAN OFFICER 0 0 273998 0 906 0 27400 0 23275 0 325579 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 NO SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PAYOUTS IN 2018. 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 2017 TOP CEO TOTAL COMPENSATION SURVEY REPORT AND THE 2017 TOWERS WATSON EXECUTIVE COMPENSATION PAY ASSESSMENT. PART II: IN LIEU OF 457(F) DEFERRALS IN 2018, CASH PAYMENTS WERE MADE TO J. HUNT TOTALING $366,925. THIS FIGURE IS INCLUDED IN PART II, COLUMN B(II). FORM 990, PART VI, SECTION A, LINE 6 ONPOINT COMMUNITY CREDIT UNION IS A NATURAL PERSON CREDIT UNION, OWNED BY ITS MEMBERS. AT 12/31/18, THERE WERE 361,518 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 2017 TOP CEO TOTAL COMPENSATION SURVEY REPORT AND THE 2017 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 6,259,777. VISA DEBIT CARD PROGRAM SERVICES 5,114,521. VISA CREDIT CARD PROGRAM SERVICES 4,306,695. OUTSIDE PROFESSIONAL SERVICES 4,291,730. OTHER LOAN FEES 1,879,263. BUSINESS LOAN FEES 14,523. ONPOINT SERVICE GROUP LLC 2701 NW VAUGHN ST STE 800 PORTLAND OR 97210 INACTIVE OR 0 0 ONPOINT COMMUNITY CREDIT UNION