2015-11-12T19:55:03-06:00 2014-12-31 420714325 RSM US LLP 515 S FLOWER STREET 41ST FLOOR LOS ANGELES CA 90071 990 2014-01-01 930257765 ONPOINT COMMUNITY CREDIT UNION ONPO 5032731764 PO BOX 3750 PORTLAND OR 972083750 JAMES HUNT SVP/CHIEF FINANCIAL OFFICER 5032731764 2015-11-10 1 CHRISTOPHER M PEKULA P00734965 2133304800 2014 2016-04-25 22:37:26Z ROBERT STUART PO BOX 3750 PORTLAND OR 972083750 270370335 0 X WWW.ONPOINTCU.COM X 1932 OR PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 9 9 657 0 731517 -1320573 0 0 129060625 128845507 13632663 14907883 0 0 142693288 143753390 0 0 12212916 9592760 44570586 48304458 0 0 0 51403353 51559936 108186855 109457154 34506433 34296236 3356256419 3559804327 3013030080 3165398756 343226339 394405571 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 2014 MEMBERSHIP IN THE CREDIT UNION GREW TO 277,029 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES WHICH INCLUDES 151,144 LOANS AND 608,013 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 83509 0 1 657 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X LISA HEATH CONTROLLER 5032213880 2701 NW VAUGHN ST SUITE 800 PORTLAND OR 97210 C HARMS DIRECTOR 4.00 X 0 0 0 K MORRIS BOD SECRETARY 4.00 X X 799 0 0 L JOHNSON BOD VICE CHAIR 8.00 X X 1450 0 0 L SCHULWITZ DIRECTOR 4.00 X 0 0 0 M SCALLY DIRECTOR 4.00 X 0 0 0 S GOLDSCHMIDT DIRECTOR 4.00 X 8678 0 0 S GRAY DIRECTOR 4.00 X 1440 0 0 T TSURUTA DIRECTOR 4.00 X 0 0 0 W PEDERSON BOD CHAIR 8.00 X X 1840 0 0 J HUNT SVP/CHIEF FINANCIAL OFFICER 45.00 X 1103413 0 91637 K SCHRADER SVP/COO/RISK OFFICER 45.00 X 905114 0 91086 R STUART PRESIDENT 50.00 X 1697335 0 213602 J ARMSTRONG SVP/HUMAN RESOURCES 45.00 X 809728 0 108182 T MCVAY SVP/RETAIL DELIVERY 45.00 X 972192 0 139565 A EMERSON ONPOINT MORTGAGE MANAGER 45.00 X 240281 0 34070 C SCHRECK MORTGAGE LOAN OFFICER 45.00 X 205292 0 34159 M DEBUHR VP/CONSUMER CREDIT ADMINISTRATION 45.00 X 202689 0 83018 M VOLK SR. FINANCIAL ADVISOR 45.00 X 254475 0 39023 W KEITH INVESTMENT SERVICES MANAGER 45.00 X 206413 0 27093 6611139 0 861435 64 0 1 0 DIEBOLD GLOBAL FINANCE CORPORATION PO BOX 644399 PITTSBURGH PA 152644399 ATM SERVICE/SUPPORT 4943132 WEBER MARKETING GROUP 225 TERRY AVE N SUITE 400 SEATTLE WA 98109 MRKTNG/PROMOTIONAL 4299732 FISERV PO BOX 99924 GRAPEVINE TX 760999724 ONLINE BANKING SERVICES 4101452 KAYE-SMITH PO BOX 956 RENTON WA 980570956 BULK MAILINGS 1487039 FIRST CHOICE NW APPRAISAL MGMNT INC 6700 SW 105TH AVE BEAVERTON OR 97008 REAL ESTATE APPRAISAL 1273795 61 INTEREST MEMBER LOANS 522100 84834028 84834028 INTERCHANGE INCOME 522100 21020649 21020649 OTHER OPERATING INCOME 522100 12054954 11488443 566511 SERVICE FEES 522100 10935876 10770870 165006 128845507 14318105 14318105 124958513 2248210 124400062 2216883 558451 31327 589778 589778 143753390 128113990 731517 14907883 X 9592760 7484790 27968582 3485620 6303050 3062416 417174 149481 16185520 6807826 8366437 4202660 6062146 457064 263575 45 2607289 577013 PROVISION FOR LOAN LOSS 1078742 4384964 109457154 303884145 353200332 30743851 26859258 7643637 7558336 1960565111 2157976681 3868792 4082976 41463569 30587999 9708977 10875570 985936320 944656042 39680839 39727304 14224747 14867828 3356256419 3559804327 37578142 40946960 189954 179748 711222 1075679 907961 0 2973642801 3123196369 3013030080 3165398756 X 0 0 0 0 343226339 394405571 343226339 394405571 3356256419 3559804327 X 34296236 16324545 558451 X 0 1 X 1 0 25000 0 25000 25000 1 CU LEGISLATIVE ACTION FUND 8205 SW CREEKSIDE PL SUITE 220 BEAVERTON OR 97075 930953356 25000 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 1261003 1261003 4319364 1921792 2397572 14421067 11510721 2910346 21462135 17155486 4306649 10875570 SAVINGS 573539218 CHECKING 692323115 MONEY MARKET ACCOUNTS 1165292156 INDIVIDUAL RETIREMENT ACCOUNTS (IRA) 207275430 CERTIFICATES OF DEPOSIT 484766450 3123196369 X 143873570 120180 120180 143753390 0 143753390 109457154 0 109457154 0 109457154 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. 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, 2014 AND 2013, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X X X X X 1 1 X X X X 0 1 0 J HUNT SVP/CHIEF FINANCIAL OFFICER 280374 0 605970 0 217069 0 80379 0 11258 0 1195050 0 200000 0 K SCHRADER SVP/COO/RISK OFFICER 276333 0 612825 0 15956 0 84601 0 6485 0 996200 0 0 0 R STUART PRESIDENT 632992 0 942996 0 121347 0 206386 0 7216 0 1910937 0 0 0 J ARMSTRONG SVP/HUMAN RESOURCES 229459 0 555998 0 24271 0 94537 0 13645 0 917910 0 0 0 T MCVAY SVP/RETAIL DELIVERY 292743 0 646124 0 33325 0 125920 0 13645 0 1111757 0 0 0 A EMERSON ONPOINT MORTGAGE MANAGER 69500 0 163862 0 6919 0 23597 0 10473 0 274351 0 0 0 C SCHRECK MORTGAGE LOAN OFFICER 0 0 204931 0 361 0 20514 0 13645 0 239451 0 0 0 M DEBUHR VP/CONSUMER CREDIT ADMINISTRATION 101220 0 46843 0 54626 0 73362 0 9656 0 285707 0 50000 0 M VOLK SR. FINANCIAL ADVISOR 0 0 253530 0 945 0 25378 0 13645 0 293498 0 0 0 W KEITH INVESTMENT SERVICES MANAGER 90669 0 111661 0 4083 0 20608 0 6485 0 233506 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL - PRESIDENT/CEO, ALL BOD (10 PEOPLE); NOT TAXABLE TO INDIVIDUALS. TRAVEL FOR COMPANIONS - ALL BOD (9 PEOPLE); TAXABLE TO INDIVIDUALS. TAX INDEMNIFICATION AND GROSS-UP - ALL NON-VOLUNTEERS LISTED; TAXABLE TO INDIVIDUALS. HEALTH AND SOCIAL CLUBS - PRESIDENT/CEO; TAXABLE TO INDIVIDUALS. PERSONAL SERVICES - PRESIDENT/CEO AND SELECT SENIOR EXECUTIVES (5 PEOPLE); TAXABLE TO INDIVIDUALS. PART I, LINE 4B THE FOLLOWING INDIVIDUALS RECEIVED PAYMENT FROM A 457(F) PLAN: JIM HUNT - $200,000 MICHELE DEBUHR - $50,000 PART II 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 PROGRAMS FOR THE PRESIDENT/CEO AND THE EXECUTIVE TEAM ARE TIED TO THE GEOGRAPHIC STUDIES OF SALARIES AND BENEFITS PERFORMED BY PROFESSIONAL ORGANIZATIONS WITH EXPERTISE IN THE AREA OF COMPENSATION. IN 2014 THERE WAS A CHANGE TO THE COMPENSATION STRUCTURE THAT RESULTED IN THE DISCONTINUATION OF ADDITIONAL DEFERRALS INTO THE 457(F) RETIREMENT PLAN. THESE DOLLARS WERE PAID AND NOTATED IN SCHEDULE J PART II COLUMN (II). FORM 990, PART VI, SECTION A, LINE 6 ONPOINT COMMUNITY CREDIT UNION IS A NATURAL PERSON CREDIT UNION, OWNED BY ITS MEMBERS. AT 12/31/2014, THERE WERE 277,029 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 11 INFORMATION FOR THE COMPLETION OF THE TAX RETURN WAS GATHERED BY THE CREDIT UNION'S ACCOUNTING DEPARTMENT. THE ACCOUNTING FIRM, RSM US LLP, PREPARED THE TAX RETURN AND IT WAS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING BY RSM US LLP. 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 CONFLICTS OF INTEREST POLICY. BOARD OF DIRECTORS ANNUALLY ADOPT 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, APPROPRIATE 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 PROGRAMS FOR THE PRESIDENT/ CEO AND THE EXECUTIVE TEAM ARE TIED TO GEOGRAPHIC STUDIES OF SALARIES AND BENEFITS PERFORMED BY PROFESSIONAL ORGANIZATIONS WITH EXPERTISE IN THE AREA OF COMPENSATION. IN 2014 THERE WAS A CHANGE TO THE COMPENSATION STRUCTURE THAT RESULTED IN THE DISCONTINUATION OF ADDITIONAL DEFERRALS INTO THE 457(F) RETIREMENT PLAN. THESE DOLLARS WERE PAID AND NOTATED IN SCHEDULE J PART II COLUMN (II). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON WRITTEN REQUEST. FORM 990, PART IX, LINE 11G COLLECTION SERVICES 6,455. COLLECTION SERVICES - OREO 187,359. OTHER LOAN FEES 1,438,444. BUSINESS LOAN FEES 14,723. VISA DEBIT CARD PROGRAM SERVICES 3,529,114. VISA CREDIT CARD PROGRAM SERVICES 2,571,256. VISA GIFT CARD PROGRAM SERVICES 20,271. ATM/POS CARD PROGRAM SERVICES 5,039,515. OUTSIDE PROFESSIONAL SERVICES 3,378,383. FORM 990, PART XI, LINE 9: RECLASSIFICATION ADJUSTMENTS 558,451.