2017-11-13T17:28:06-06:00 2016-12-31 910189318 Moss Adams LLP 805 SW Broadway Ste 1200 Portland OR 97205 990 2016-01-01 930232289 Point West Credit Union POIN 5035465000 PO Box 11999 Portland OR 97211 AMY NELSON President & CEO 5035465000 2017-11-06 1 Wendy Campos P00448102 5032421447 2017-11-06 12.129.7.100 2017-11-06 13:27:10 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 59F1A538AFF16333F506100D938A7F96F3A5584C 2016 2017-02-10 21:41:12Z AMY NELSON PO Box 11999 Portland OR 97211 10102635 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. 7 7 28 9 27096 -15237 0 0 4200694 4526430 332350 2502174 0 0 4533044 7028604 10263 11300 0 0 1689546 1738365 0 0 0 2574225 2644663 4274034 4394328 259010 2634276 92717647 98884895 86117519 89606516 6600128 9278379 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 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 2051 0 1 28 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 0 1 1 0 0 X AMY NELSON 5035465000 PO Box 11999 PORTLAND OR 97211 Susan Brown Chair 1.00 X X 0 0 0 George Hager Vice Chair 1.00 X X 0 0 0 Karen Schilling Secretary 1.00 X X 0 0 0 Josh Kirby Board member 1.00 X 0 0 0 Mark Oliver Board member 1.00 X 0 0 0 Peri Tharp Board member 1.00 X 0 0 0 Graham Eichman Board member 1.00 X 0 0 0 Amy Nelson CEO, TREASURER 40.00 X 157624 0 9669 BRIAN GRIFFIS VP FINANCE & ADMINISTRATIO 40.00 X 95325 0 292 252949 0 9961 2 0 1 0 Visa USA Inc PO Box 742233 Los Angeles CA 900742233 Card Payment Services 225477 Fiserv PO Box 99924 Grapevine TX 76099 Core Information Processor 172659 2 INTEREST ON LOANS 522100 3317739 3317739 SERVICE CHARGES & FEES 522100 1074529 1067481 7048 OTHER NONINTEREST INC 522100 134162 114114 20048 4526430 261649 261649 5314556 3074031 2240525 2240525 2240525 7028604 4499334 27096 2502174 11300 262910 1197590 9443 148559 119863 24108 44545 340769 128811 163466 47192 151101 75042 207368 92062 66544 MEMBER PRODUCT 987955 LOAN SERVICING 180846 LOAN LOSS PROVISION 46149 DUES 36360 52345 4394328 10748890 4240551 6955741 10191684 616481 616481 65359923 80077819 2883517 2413940 3315812 469577 4121326 1644013 355929 339229 1243545 1305541 92717647 98884895 788904 894047 250000 250000 85078615 88462469 86117519 89606516 X 0 0 0 0 6600128 9278379 6600128 9278379 92717647 98884895 2634276 43975 0 X 0 1 X 1 0 2500 0 0 2500 2500 1 Credit Union Legislative Action Fund 13221 SW 68th Pkwy Suite 400 Tigard OR 97223 800043051 2500 0 Part I-A, Line 1: The Credit Union's only political activity is contributions to the credit union legislative action fund. 236070 236070 7680 7680 0 625830 618832 6998 2013937 1787428 226509 469577 MEMBERS' SHARE AND SAVINGS ACCOUNTS 88462469 88462469 X 7028604 0 7028604 0 7028604 4394328 0 4394328 0 4394328 Part X, Line 2: FIN 48 (ASC 740) Uncertain Tax Positions FOOTNOTE - THE CREDIT UNION HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2016 AND 2015. INTEREST AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS ARE RECOGNIZED BY THE CREDIT UNION AS AN ADMINISTRATIVE EXPENSE. DURING THE YEARS ENDED DECEMBER 31, 2016 AND 2015, THE CREDIT UNION RECOGNIZED NO INTEREST AND PENALTIES. X X X 0 1 0 Amy Nelson CEO, TREASURER 153824 0 3800 0 0 0 0 0 9669 0 167293 0 0 0 Part I, Line 4b THE CEO HAS A COLLATERAL ASSIGNED SPLIT DOLLAR ARRANGEMENT. NO ADDITIONAL PAYMENTS, DISBURSEMENTS, PURCHASES OR LOANS WERE MADE IN 2016. THE LIFE INSURANCE WAS PURCHASED IN 2012. 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 VP OF FINANCE & ADMINISTRATION 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 the Internal Auditor and 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 AN EXECUTIVE SESSION. PRIOR TO 12/31/2016 THE LAST TIME THE EXECUTIVE COMMITTEE MET TO DECIDE CEO COMPENSATION WAS 6/21/2016. 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.