2016-11-09T18:26:40-06:00 2015-12-31 420714325 RSM US LLP 515 S FLOWER STREET 41ST FLOOR LOS ANGELES CA 90071 990 2015-01-01 930257765 ONPOINT COMMUNITY CREDIT UNION ONPO 5032731764 PO BOX 3750 PORTLAND OR 972083750 JAMES HUNT SVP/CHIEF FINANCIAL OFFICER 5032731764 2016-11-09 1 CHRISTOPHER M PEKULA P00734965 2133304800 2015 2017-02-10 21:41:12Z ROBERT STUART PO BOX 3750 PORTLAND OR 972083750 299729466 0 X WWW.ONPOINTCU.COM X 1932 OR PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 9 9 710 0 804943 -1438114 0 0 128845507 142468015 14907883 16845473 0 0 143753390 159313488 0 481069 9592760 6751017 48304458 52443276 0 0 0 51559936 53956987 109457154 113632349 34296236 45681139 3559804327 3906086689 3165398756 3471626059 394405571 434460630 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 2015 MEMBERSHIP IN THE CREDIT UNION GREW TO 294,920 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES WHICH INCLUDES 161,523 LOANS AND 647,999 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 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 86811 0 1 710 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 SECRETARY 6.50 X X 2267 0 0 K MORRIS BOD VICE CHAIR 6.50 X X 2340 0 0 L JOHNSON DIRECTOR 6.50 X 0 0 0 L SCHULWITZ DIRECTOR 6.50 X 735 0 0 M SCALLY DIRECTOR 6.50 X 0 0 0 S GOLDSCHMIDT DIRECTOR 6.50 X 3290 0 0 S GRAY DIRECTOR 6.50 X 3653 0 0 T TSURUTA BOD CHAIR 13.00 X X 14941 0 0 W PEDERSON DIRECTOR 6.50 X 0 0 0 M MROCZEK DIRECTOR 6.50 X 974 0 0 J HUNT SVP/CHIEF FINANCIAL OFFICER 45.00 X 883744 0 96002 K SCHRADER SVP/CHIEF OPERATIONS/RISK OFFICER 45.00 X 1709425 0 33158 R STUART PRESIDENT 50.00 X 2317815 0 33158 J ARMSTRONG SVP/HUMAN RESOURCES & TECHNOLOGY 45.00 X 1746282 0 40487 T MCVAY SVP/RETAIL DELIVERY 45.00 X 2381227 0 40487 A EMERSON ONPOINT MORTGAGE MANAGER 45.00 X 342037 0 37249 W KEITH INVESTMENT SERVICES MANAGER 45.00 X 304415 0 31803 V ERVIN VP/COMPLIANCE 45.00 X 653778 0 23488 C MILAM VP/MEMBER SERVICES 45.00 X 863478 0 28157 M MONTGOMERY MORTGAGE LOAN OFFICER 45.00 X 261146 0 32218 11491547 0 396207 74 0 1 0 DIEBOLD GLOBAL FINANCE CORPORATION PO BOX 644399 PITTSBURGH PA 152644399 ATM SERVICE/SUPPORT 5648421 FISERV PO BOX 99924 GRAPEVINE TX 760999724 ONLINE BANKING SERVICES 4557693 WEBER MARKETING GROUP 225 TERRY AVE N SUITE 400 SEATTLE WA 98109 MRKTNG/PROMOTIONAL 4266105 FIRST CHOICE NW APPRAISAL MGMNT INC 6700 SW 105TH AVE BEAVERTON OR 97008 REAL ESTATE APPRAISAL 2111735 KAYE-SMITH PO BOX 956 RENTON WA 980570956 BULK MAILINGS 1616391 62 INTEREST MEMBER LOANS 522100 89051724 89051724 INTERCHANGE INCOME 522100 23745212 23745212 OTHER OPERATING INCOME 522100 18180746 17536020 644726 SERVICE FEES 522100 11490333 11330116 160217 142468015 13106977 13106977 142823074 1331400 139174524 1241454 3648550 89946 3738496 3738496 159313488 141663072 804943 16845473 X 471069 10000 6751017 6232745 32565471 4040489 6123448 3481123 444942 151179 17499161 6097752 8965504 4496151 6371639 438031 262149 141 2697989 538240 PROVISION FOR LOAN LOSS 1135844 4858265 113632349 353200332 447710783 26859258 6064747 7558336 8250944 2157976681 2447640349 4082976 4354952 43714113 33287487 10875570 10426626 944656042 925289465 39727304 37393044 14867828 18955779 3559804327 3906086689 40946960 41707807 179748 2926610 1075679 1548900 0 0 3123196369 3425442742 3165398756 3471626059 X 0 0 0 0 394405571 434460630 394405571 434460630 3559804327 3906086689 X 45681139 -9274630 3648550 X 0 1 X 1 0 72484 0 72484 72484 1 CU LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 930953356 50000 NORTHWEST DEFENSE FUND 18000 INTERNATIONAL BLVD SUITE 350 SEATAC WA 98188 930953356 22484 PART I-A, LINE 1: THE CONTRIBUTION WAS TO THE CREDIT UNION LEGISLATIVE ACTION FUND AND THE NORTHWEST DEFENSE FUND, WHICH ENHANCES CREDIT UNIONS' VISIBILITY AMONGST LAWMAKERS AND BUILDS STRONG POLITICAL RELATIONSHIPS. 0 1 X 1261003 1261003 4319364 2042522 2276842 15173406 12215603 2957803 22960340 19029362 3930978 10426626 SAVINGS 727863921 CHECKING 848422797 MONEY MARKET ACCOUNTS 1241547002 INDIVIDUAL RETIREMENT ACCOUNTS (IRA) 195762945 CERTIFICATES OF DEPOSIT 411846077 3425442742 X 159109460 -204028 -204028 159313488 0 159313488 113632349 0 113632349 0 113632349 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, 2015 AND 2014, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 CHILDREN'S MIRACLE NETWORK HOSPITALS 205 WEST 700 SOUTH SALT LAKE CITY UT 84101 870387205 79821 COMMUNITY OUTREACH FINANCIAL BEGININGS CORPORATION 9600 SW CAPITOL HWY PORTLAND OR 97219 203530960 22250 COMMUNITY OUTREACH GREATER DOUGLAS COUNTY UNITED WAY 702 SE JACKSON ST ROSEBURG OR 974703933 930428566 10000 COMMUNITY OUTREACH PORTLAND HOUSING CENTER 3233 NE SANDY BLVD PORTLAND OR 97232 931111589 10000 COMMUNITY OUTREACH UNITED WAY OF THE COLUMBIA-WILLAMETTE PO BOX 4406 PORTLAND OR 972084406 930582124 8500 COMMUNITY OUTREACH GUIDE DOGS FOR THE BLIND INC 32901 SE KELSO ROAD BORING OR 97009 941196195 7550 COMMUNITY OUTREACH UNIVERSITY OF OREGON 1720 E 13TH AVE STE 410 EUGENE OR 974032253 936015767 7400 COMMUNITY OUTREACH SMART 101 SW MARKET STREET PORTLAND OR 97201 931051724 6000 COMMUNITY OUTREACH DOERNBECHER CHILDREN'S HOSPITAL FOUNDATION 1121 SW SALMON ST STE 100 PORTLAND OR 97205 930579589 5120 COMMUNITY OUTREACH SCHOLARSHIP 1 10000 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 RECIPIENT FOR THE ANNUAL CLIFFORD C. DIAS LEADERSHIP SCHOLARSHIP IS SELECTED BY MR. DIAS AND APPROVED BY THE BOARD X X X X X 1 1 X X X X 1 1 0 J HUNT SVP/CHIEF FINANCIAL OFFICER 289166 0 569467 0 25111 0 89344 0 6658 0 979746 0 0 0 K SCHRADER SVP/CHIEF OPERATIONS/RISK OFFICER 278250 0 549148 0 882027 0 26500 0 6658 0 1742583 0 791111 0 R STUART PRESIDENT 633450 0 1554180 0 130185 0 26500 0 6658 0 2350973 0 0 0 J ARMSTRONG SVP/HUMAN RESOURCES & TECHNOLOGY 247333 0 490360 0 1008589 0 26500 0 13987 0 1786769 0 925246 0 T MCVAY SVP/RETAIL DELIVERY 296250 0 583754 0 1501223 0 26500 0 13987 0 2421714 0 1348923 0 A EMERSON ONPOINT MORTGAGE MANAGER 94503 0 246572 0 962 0 26500 0 10749 0 379286 0 0 0 W KEITH INVESTMENT SERVICES MANAGER 78618 0 169903 0 55894 0 25711 0 6092 0 336218 0 0 0 V ERVIN VP/COMPLIANCE 130577 0 51322 0 471879 0 18389 0 5099 0 677266 0 320974 0 C MILAM VP/MEMBER SERVICES 117653 0 42557 0 703268 0 15802 0 12355 0 891635 0 545024 0 M MONTGOMERY MORTGAGE LOAN OFFICER 0 0 260096 0 1050 0 25560 0 6658 0 293364 0 0 0 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 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. THE SALARY SCHEDULE AND BENEFITS PROGRAMS FOR THE PRESIDENT/CEO AND THE EXECUTIVE TEAM ARE PART OF LONG-TERM EMPLOYMENT CONTRACTS WHICH INCLUDE COMPONENTS WHICH ARE SUBJECT TO THE LONG-TERM SUCCESS OF THE ORGANIZATION. 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, LINES 4A-B: THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT: W. KEITH - $55,000 THE FOLLOWING INDIVIDUALS RECEIVED PAYMENT FROM A 457(F) PLAN: J. ARMSTRONG - $999,266 T. MCVAY - $1,456,837 K. SCHRADER - $854,400 V. ERVIN - $468,320 C. MILAM - $697,684 AMOUNTS THAT WERE REPORTED AS DEFERRED ON PRIOR FORMS 990 ARE INCLUDED IN PART II, COLUMN F. PART II: IN LIEU OF 457(F) DEFERRALS IN 2015, CASH PAYMENTS WERE MADE TO THE FOLLOWING INDIVIDUALS. THESE AMOUNTS ARE INCLUDED IN PART II, COLUMN B(II). R. STUART - $746,413 J. HUNT - $321,900 J. ARMSTRONG - $275,280 T. MCVAY - $329,670 K. SCHRADER - $309,690 FORM 990, PART VI, SECTION A, LINE 6 ONPOINT COMMUNITY CREDIT UNION IS A NATURAL PERSON CREDIT UNION, OWNED BY ITS MEMBERS. AT 12/31/2015, THERE WERE 294,920 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. THESE INCLUDED THE CARDWELL CONSULTING 2014 TOP CEO TOTAL COMPENSATION SURVEY REPORT, THE 2014 TOWERS WATSON EXECUTIVE COMPENSATION REVIEW, AND THE 2014 MILLIMAN FINANCIAL INDUSTRY SURVEY. 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 - OREO 85,889. OTHER LOAN FEES 1,679,335. BUSINESS LOAN FEES 19,829. VISA DEBIT CARD PROGRAM SERVICES 3,653,407. VISA CREDIT CARD PROGRAM SERVICES 2,838,376. VISA GIFT CARD PROGRAM SERVICES 26,764. ATM/POS CARD PROGRAM SERVICES 5,342,882. OUTSIDE PROFESSIONAL SERVICES 3,852,679. FORM 990, PART XI, LINE 9: RECLASSIFICATION ADJUSTMENTS FOR SECURITIES GAIN REALIZED IN NET INCOME 3,648,550.