2018-05-10T09:48:42-05:00 2017-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2017-01-01 930257765 ONPOINT COMMUNITY CREDIT UNION ONPO 5032731764 PO BOX 3750 PORTLAND OR 972083750 JAMES HUNT SVP/CFO 5032731764 2018-05-07 1 WENDY CAMPOS P00448102 5032421447 2018-05-01 2017 2022-09-23 18:48:47Z ROBERT STUART PO BOX 3750 PORTLAND OR 972083750 206077978 0 X WWW.ONPOINTCU.COM X 1932 OR PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 9 6 792 0 852579 -394599 0 0 160743650 181755146 14589680 20072098 0 0 175333330 201827244 357918 509798 0 0 55701839 60750378 0 0 0 67951132 76292401 124010889 137552577 51322441 64274667 4561054380 5129362102 4078785361 4582061041 482269019 547301061 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 2017, MEMBERSHIP IN THE CREDIT UNION GREW TO 337,757 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES, INCLUDING THE PROVISION OF 191,937 LOANS AND 743,285 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 87860 0 1 792 1 1 1 0 0 0 0 0 X 9 6 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 34800 0 0 K MORRIS BOARD VICE CHAIR 6.50 X X 28303 0 0 M MROCZEK BOARD SECRETARY 6.50 X X 27205 0 0 C HARMS DIRECTOR 6.50 X 30759 0 0 K SCHWARTZROCK DIRECTOR 6.50 X 26800 0 0 L SCHULWITZ DIRECTOR 6.50 X 27600 0 0 S NARENDRA DIRECTOR 6.50 X 13400 0 0 L JOHNSON DIRECTOR 6.50 X 31584 0 0 S GOLDSCHMIDT DIRECTOR 6.50 X 33503 0 0 W PEDERSON DIRECTOR 6.50 X 13400 0 0 R STUART PRESIDENT/CEO 50.00 X 1370596 0 806364 J HUNT SVP/CHIEF FINANCIAL OFFICER 45.00 X 977153 0 130116 C MILAM SVP/CHIEF LENDING OFFICER 45.00 X 338171 0 39033 T MCVAY SVPCHIEF RETAIL OFFICER & WEALTH MGT EXEC 45.00 X 636567 0 394666 J ARMSTRONG SVPCHIEF INFO OFFICER & HR EXECUTIVE 45.00 X 543832 0 354365 V ERVIN SVP/CHIEF COMPLIANCE OFFICER 45.00 X 380951 0 246929 S OWEN SVP/CHIEF OPERATIONS OFFICER 45.00 X 538267 0 348815 A EMERSON VP/ONPOINT MORTGAGE 45.00 X 423713 0 91276 M MONTGOMERY MORTGAGE LOAN OFFICER 45.00 X 307818 0 34371 K LUIDHARDT MORTGAGE LOAN OFFICER 45.00 X 304583 0 35043 M DUKART MORTGAGE LOAN OFFICER 45.00 X 283386 0 33419 M LINDSAY INVESTMENT MANAGER 45.00 X 248559 0 28872 6620950 0 2543269 90 0 1 0 WEBER MARKETING GROUP 225 TERRY AVE N SUITE 400 SEATTLE WA 98109 MARKETING AND PROMOTIONAL 4794228 FISERV 75 REMITTANCE DR SUITE 1698 CHICAGO IL 60675 ONLINE BANKING 4600116 PAYMENT SYSTEMS FOR CREDIT UNIONS 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CREDIT CARD PROCESSING 3111385 P&C CONSTRUCTION COMPANY 2133 NW YORK STREET PORTLAND OR 97210 CONSTRUCTION 3041339 FIRST CHOICE NW APPRAISAL MGMT INC 6700 SW 105TH AVE BEAVERTON OR 97008 REAL ESTATE APPRAISAL 2699825 78 INTEREST MEMBER LOANS 522100 118414848 118414848 INTERCHANGE INCOME 522100 31889905 31889905 OTHER OPERATING INCOME 522100 18312551 17617640 694911 SERVICE FEES 522100 13137842 12980174 157668 181755146 19610477 19610477 4712355 4245512 5222 466843 -5222 461621 461621 201827244 180902567 852579 20072098 X 509798 7373179 37999689 3865590 7516188 3995732 220594 56580 21128366 6232004 7773210 7288421 7564180 575491 370722 11144450 3688724 489521 PROVISION FOR LOAN LOSS 2999240 6760898 137552577 516882673 829191968 9035143 19112980 9688128 9981851 2940740537 3303085898 5833562 4955215 41322021 25387500 12662440 15934521 926739520 786754255 45575282 59443222 93897095 100902192 4561054380 5129362102 61166709 68258528 3061246 2986843 2370337 3476200 122226548 329877725 3889960521 4177461745 4078785361 4582061041 X 0 0 0 0 482269019 547301061 482269019 547301061 4561054380 5129362102 64274667 757375 0 X 0 1 X 1 0 38667 38667 38667 1 NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BLVD 305 SEATAC WA 98188 910460483 38667 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 1259636 1259636 3463386 1387229 2076157 14476781 9483290 4993491 22122218 14516981 7605237 15934521 SAVINGS 1044835995 CHECKING 1149295187 MONEY MARKET ACCOUNTS 1408476811 INDIVIDUAL RETIREMENT ACCOUNTS 193826279 CERTIFICATES OF DEPOSIT 381027473 4177461745 X 202584619 757375 757375 201827244 0 201827244 137552577 0 137552577 0 137552577 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, 2017 AND 2016, 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, 2017 AND 2016. 1 CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 501(C)(3) 64500 COMMUNITY OUTREACH DOERNBECHER CHILDREN'S HOSPITAL FOUNDATION 1121 SW SALMON ST STE 100 PORTLAND OR 97205 930579589 501(C)(3) 61338 COMMUNITY OUTREACH OREGON HUMANE SOCIETY 1067 NE COLUMBIA BLVD PORTLAND OR 97211 930386880 501(C)(3) 53473 COMMUNITY OUTREACH SCHOOLHOUSE SUPPLIES 2735 NE 82ND AVE PORTLAND OR 97220 204223437 501(C)(3) 37850 COMMUNITY OUTREACH OREGON FOOD BANK 7900 NE 33RD DR PORTLAND OR 97211 930785786 501(C)(3) 34680 COMMUNITY OUTREACH THE NATURE CONSERVANCY 821 SE 14TH AVE PORTLAND OR 97214 530242652 501(C)(3) 25720 COMMUNITY OUTREACH FINANCIAL BEGINNINGS CORPORATION 9600 SW CAPITOL HWY PORTLAND OR 97219 203530960 501(C)(3) 10000 COMMUNITY OUTREACH PORTLAND HOUSING CENTER 3233 NE SANDY BLVD PORTLAND OR 97232 931111589 501(C)(3) 10000 COMMUNITY OUTREACH ST CLARE SCHOOL 1807 FREEMAN ST PORTLAND OR 97219 930465871 501(C)(3) 10000 COMMUNITY OUTREACH RANDALL CHILDREN'S HOSPITAL FOUNDATION 2801 N GATENBEIN AVE PORTLAND OR 97227 931314469 501(C)(3) 10000 COMMUNITY OUTREACH EDUCATION FOUNDATION FOR BEND-LA PINE SCHOOLS 520 NW WALL ST BEND OR 97709 931064935 501(C)(3) 7500 COMMUNITY OUTREACH SUNSHINE DIVISION INC 687 N THOMPSON ST PORTLAND OR 97227 930429354 501(C)(3) 6000 COMMUNITY OUTREACH 12 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 668670 0 68476 0 798993 0 7371 0 2176960 0 0 0 J HUNT SVP/CHIEF FINANCIAL OFFICER 309262 0 654870 0 13021 0 118083 0 12033 0 1107269 0 0 0 C MILAM SVP/CHIEF LENDING OFFICER 164022 0 159782 0 14367 0 27000 0 12033 0 377204 0 0 0 T MCVAY SVPCHIEF RETAIL OFFICER & WEALTH MGT EXEC 307378 0 288278 0 40911 0 378911 0 15755 0 1031233 0 0 0 J ARMSTRONG SVPCHIEF INFO OFFICER & HR EXECUTIVE 270661 0 257492 0 15679 0 338610 0 15755 0 898197 0 0 0 V ERVIN SVP/CHIEF COMPLIANCE OFFICER 190042 0 182726 0 8183 0 240517 0 6412 0 627880 0 0 0 S OWEN SVP/CHIEF OPERATIONS OFFICER 272461 0 257492 0 8314 0 333060 0 15755 0 887082 0 0 0 A EMERSON VP/ONPOINT MORTGAGE 113628 0 309100 0 985 0 75521 0 15755 0 514989 0 0 0 M MONTGOMERY MORTGAGE LOAN OFFICER 0 0 305669 0 2149 0 27000 0 7371 0 342189 0 0 0 K LUIDHARDT MORTGAGE LOAN OFFICER 0 0 303643 0 940 0 27672 0 7371 0 339626 0 0 0 M DUKART MORTGAGE LOAN OFFICER 0 0 282640 0 746 0 27007 0 6412 0 316805 0 0 0 M LINDSAY INVESTMENT MANAGER 121050 0 126723 0 786 0 21501 0 7371 0 277431 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 PAYOUTS IN 2017. 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. FORM 990, PART VI, SECTION A, LINE 6 ONPOINT COMMUNITY CREDIT UNION IS A NATURAL PERSON CREDIT UNION, OWNED BY ITS MEMBERS. AT 12/31/17, THERE WERE 337,757 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 OTHER LOAN FEES 1,646,562. BUSINESS LOAN FEES 42,615. VISA DEBIT CARD PROGRAM SERVICES 4,846,239. VISA CREDIT CARD PROGRAM SERVICES 3,751,373. VISA GIFT CARD PROGRAM SERVICES 28,267. ATM/POS CARD PROGRAM SERVICES 6,359,181. OUTSIDE PROFESSIONAL SERVICES 4,454,129. ONPOINT SERVICE GROUP LLC 2701 NW VAUGHN ST STE 800 PORTLAND OR 97210 INACTIVE OR 0 0 ONPOINT COMMUNITY CREDIT UNION