2025-11-12T17:12:27-06:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2024-01-01 930232289 POINT WEST CREDIT UNION POIN 5035465000 5257 NE MLK JR BLVD SUITE 301 PORTLAND OR 97211 SARAH FERGASON CFO 5035465000 2025-11-05 1 1 WENDY CAMPOS P00448102 5032421447 2025-11-05 2024 2025-03-06 01:10:19Z SARAH FERGASON 5257 NE MLK JR BLVD SUITE 301 PORTLAND OR 97211 7848868 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. 9 9 26 12 3751 0 0 1200000 5826419 5953408 503128 624615 0 0 6329547 7778023 0 0 0 0 2251817 2724587 0 0 0 3641768 4208908 5893585 6933495 435962 844528 109968841 110377484 99117527 98678447 10851314 11699037 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 1 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 1823 0 1 26 1 1 1 0 0 0 0 0 0 0 X 9 9 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 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 (THRU 1/24) 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 (THRU 1/24) 1.00 X 0 0 0 VITO CORTEZ BOARD MEMBER 1.00 X 0 0 0 KAT KOGAN BOARD MEMBER 1.00 X 0 0 0 MONICA SANTOYO BOARD MEMBER 1.00 X 0 0 0 AMY NELSON CEO, TREASURER 40.00 X 206000 0 23594 SARAH FERGASON CHIEF FINANCIAL OFFICER 40.00 X 149882 0 15040 STEVE PAGENSTECHER CHIEF INNOVATIONS OFFICER 40.00 X 165502 0 7890 521384 0 46524 3 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 601974535 CARD PAYMENT SERVICES 266978 DATAVA 2801 YOUNGFIELD ST STE 310 GOLDEN CO 80401 LENDING DATA PLATFORM 180000 PIXELSPOKE 6312 SW CAPITOL HWY BOX 274 PORTLAND OR 97239 WEBSITE 161700 CUPRODIGY 420 E SOUTH TEMPLE STE 520 SALT LAKE CITY UT 84111 CORE PROCESSING 133717 4 1200000 1200000 INTEREST ON LOANS 522100 4990016 4990016 SERVICE CHARGES & FEES 522100 871772 869579 2193 OTHER NONINTEREST INC 522100 91620 90062 1558 5953408 657454 657454 38006 70845 0 -70845 38006 -32839 -32839 7778023 5949657 3751 624615 567908 1679493 45714 267904 163568 34131 129348 582223 231707 207118 171545 246332 130506 787824 133293 44887 MEMBER PRODUCT 975398 PROVISION FOR LOAN LOSS 258149 LOAN SERVICING 175774 DUES 38722 61951 6933495 6821181 19023329 13112313 7220203 616481 734973 84375050 78751454 5182825 2918927 2281824 2263898 216744 186184 620602 520828 1924646 1676615 109968841 110377484 1067234 1213077 3039115 1800001 1211710 600000 93799468 95065369 99117527 98678447 X 0 0 0 0 10851314 11699037 10851314 11699037 109968841 110377484 844528 3195 0 X 0 1 X 1 1 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2000 0 0 2000 2000 1 CREDIT UNION LEGISLATIVE ACTION FUND 13221 SW 68TH PARKWAY SUITE 400 TIGARD OR 97223 800043051 2000 PART I-A, LINE 1: THE CREDIT UNION'S ONLY POLITICAL ACTIVITY IS CONTRIBUTIONS TO THE CREDIT UNION LEGISLATIVE ACTION FUND. 2318195 396664 1921531 594174 456726 137448 851677 848025 3652 1418779 1217512 201267 2263898 MEMBERS' SHARE AND SAVINGS ACCOUNTS 95065369 95065369 X 7625761 0 7625761 152262 152262 7778023 6523084 0 6523084 410411 410411 6933495 PART X, LINE 2: THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2024 AND 2023. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE RECOGNIZED BY THE CREDIT UNION AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2024 AND 2023, THE CREDIT UNION PAID NO INTEREST AND PENALTIES. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASC 606 CONTRA-REVENUE 152,262. PART XII, LINE 4B - OTHER ADJUSTMENTS: ASC 606 CONTRA-REVENUE 152,262. PROVISION FOR CREDIT LOSSES 258,149. X X X 0 0 0 AMY NELSON CEO, TREASURER 200000 0 6000 0 0 0 9544 0 14050 0 229594 0 0 0 STEVE PAGENSTECHER CHIEF INNOVATIONS OFFICER 160502 0 5000 0 0 0 7890 0 0 0 173392 0 0 0 SARAH FERGASON CHIEF FINANCIAL OFFICER 144882 0 5000 0 0 0 4335 0 10705 0 164922 0 0 0 AMY NELSON CEO SPLIT DOLLAR LIFE INSURANCE X 616481 734973 0 1 1 734973 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 12/31/2024, THE LAST TIME THE EXECUTIVE COMMITTEE MET TO DECIDE CEO COMPENSATION WAS JUNE 2024. 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.