2014-05-15T12:32:44-05:00 2013-12-31 420714325 MCGLADREY LLP 515 S FLOWER STREET 41ST FLOOR LOS ANGELES CA 90071 990 2013-01-01 930257765 ONPOINT COMMUNITY CREDIT UNION ONPO 5032731764 PO BOX 3750 PORTLAND OR 972083750 JAMES HUNT SVP/CHIEF FINANCIAL OFFICER 5032731764 2014-05-15 1 CHRISTOPHER M PEKULA P00734965 2133304800 2013 2015-11-30 17:44:51Z ROBERT STUART PO BOX 3750 PORTLAND OR 972083750 290414320 0 X WWW.ONPOINTCU.COM X 1932 OR PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 9 9 611 0 674000 -1166902 0 0 132268125 129060625 11058035 13632663 0 0 143326160 142693288 10000 0 15365483 12212916 42944247 44570586 0 0 0 56162045 51403353 114481775 108186855 28844385 34506433 3189801202 3356256419 2856565373 3013030080 333235829 343226339 X 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. 1 0 IN 2013 MEMBERSHIP IN THE CREDIT UNION GREW TO 261,812 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES WHICH INCLUDES 144,678 LOANS AND 575,887 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 62510 0 1 611 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 766 0 0 K MORRIS BOD SECRETARY 4.00 X X 1682 0 0 L JOHNSON BOD VICE CHAIR 8.00 X X 3493 0 0 L SCHULWITZ DIRECTOR 4.00 X 2145 0 0 M SCALLY DIRECTOR 4.00 X 0 0 0 S GOLDSCHMIDT DIRECTOR 4.00 X 1735 0 0 S GRAY DIRECTOR 4.00 X 1814 0 0 S NICHOLSON DIRECTOR 4.00 X 0 0 0 T TSURUTA DIRECTOR 4.00 X 0 0 0 W PEDERSON BOD CHAIR 8.00 X X 2529 0 0 J HUNT SVP/CHIEF FINANCIAL OFFICER 45.00 X 323013 0 362922 K SCHRADER SVP/COO/RISK OFFICER 45.00 X 323423 0 339428 R STUART PRESIDENT 50.00 X 1215017 0 665721 J ARMSTRONG SVP/HUMAN RESOURCES 45.00 X 304851 0 325410 T MCVAY SVP/RETAIL DELIVERY 45.00 X 369828 0 404425 A EMERSON ONPOINT MORTGAGE MANAGER 45.00 X 230156 0 31220 C MILAM VP/MEMBER SERVICES 45.00 X 160763 0 146211 M MONTGOMERY MORTGAGE LOAN OFFICER 45.00 X 218223 0 29299 M VOLK SR. FINANCIAL ADVISOR 45.00 X 304078 0 41801 V ERVIN VP/COMPLIANCE 45.00 X 178784 0 142898 3642300 0 2489335 64 0 1 0 DIEBOLD GLOBAL FINANCE CORPORATION PO BOX 643955 PITTSBURGH PA 152644399 ATM SERVICE/SUPPORT 4968235 WEBER MARKETING GROUP 225 TERRY AVE N SUITE 400 SEATTLE WA 98109 MRKTNG/PROMOTIONAL 3748800 FISERV 75 REMITTANCE DR SUITE 1698 CHICAGO IL 606751698 ONLINE BANKING SERVICES 3180754 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 900516606 ONLINE BANKING SERVICES 2989464 KAYE-SMITH PO BOX 956 RENTON WA 980570956 BULK MAILINGS 1348879 58 INTEREST MEMBER LOANS 522100 86253773 86253773 INTERCHANGE INCOME 522100 19165037 19165037 OTHER OPERATING INCOME 522100 12800966 12298784 502182 SERVICE FEES 522100 10840849 10669031 171818 129060625 12875959 12875959 145435532 3042204 144810131 2910901 625401 131303 756704 756704 142693288 128386625 674000 13632663 X 12212916 5562545 26949693 3199032 6040028 2819288 480513 130632 14890738 6072350 7481036 4771317 5510100 357320 270596 297 2402676 538391 PROVISION FOR LOAN LOSS 2764730 TCCUSF ASSESSMENT 2315356 3417301 108186855 105296862 303884145 76672595 30743851 7918488 7643637 1912626711 1960565111 2177932 3868792 37823090 28114113 8391597 9708977 1018922622 985936320 43733285 39680839 14061110 14224747 3189801202 3356256419 36987985 37578142 199260 189954 802341 711222 0 907961 2818575787 2973642801 2856565373 3013030080 X 0 0 0 0 333235829 343226339 333235829 343226339 3189801202 3356256419 X 34506433 -25141324 625401 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 1800660 2518704 12493652 10880402 1613250 19749071 15433051 4316020 9708977 SAVINGS 456418066 CHECKING 597655380 MONEY MARKET ACCOUNTS 1118992492 INDIVIDUAL RETIREMENT ACCOUNTS (IRA) 218355053 CERTIFICATES OF DEPOSIT 582221810 2973642801 X 143254761 561473 561473 142693288 0 142693288 108186855 0 108186855 0 108186855 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, 2013 AND 2012, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. X X X X X 1 1 X X X X 0 0 0 J HUNT SVP/CHIEF FINANCIAL OFFICER 268854 0 43454 0 10705 0 346621 0 16301 0 685935 0 0 0 K SCHRADER SVP/COO/RISK OFFICER 259170 0 58125 0 6128 0 331913 0 7515 0 662851 0 0 0 R STUART PRESIDENT 589999 0 476765 0 148253 0 658206 0 7515 0 1880738 0 0 0 J ARMSTRONG SVP/HUMAN RESOURCES 226420 0 66550 0 11881 0 309109 0 16301 0 630261 0 0 0 T MCVAY SVP/RETAIL DELIVERY 278512 0 54672 0 36644 0 388124 0 16301 0 774253 0 0 0 A EMERSON ONPOINT MORTGAGE MANAGER 60000 0 167114 0 3042 0 22896 0 8324 0 261376 0 0 0 C MILAM VP/MEMBER SERVICES 109087 0 47403 0 4273 0 133846 0 12365 0 306974 0 0 0 M MONTGOMERY MORTGAGE LOAN OFFICER 0 0 217836 0 387 0 21784 0 7515 0 247522 0 0 0 M VOLK SR. FINANCIAL ADVISOR 0 0 303842 0 236 0 25500 0 16301 0 345879 0 0 0 V ERVIN VP/COMPLIANCE 122123 0 53385 0 3276 0 137166 0 5732 0 321682 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. FORM 990, PART III, LINE 2 IN 2013, ONPOINT ADDED ADDITIONAL BRANCHES AND IMPROVED ONLINE ACCESS TOOLS FOR MEMBERS. FORM 990, PART VI, SECTION A, LINE 6 ONPOINT COMMUNITY CREDIT UNION IS A NATURAL PERSON CREDIT UNION, OWNED BY ITS MEMBERS. AT 12/31/2013, THERE WERE 261,812 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, MCGLADREY LLP, PREPARED THE TAX RETURN AND IT WAS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING BY MCGLADREY 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. 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: TOTAL EXPENSES 155,727. COLLECTION SERVICES - OREO: TOTAL EXPENSES 186,708. OTHER LOAN FEES: TOTAL EXPENSES 954,575. BUSINESS LOAN FEES: TOTAL EXPENSES 41,085. 24 HR LOAN APP. PROCESSING SERVICES: TOTAL EXPENSES 166,960. VISA DEBIT CARD PROGRAM SERVICES: TOTAL EXPENSES 3,149,746. VISA CREDIT CARD PROGRAM SERVICES: TOTAL EXPENSES 2,300,218. VISA GIFT CARD PROGRAM SERVICES: TOTAL EXPENSES 16,819. ATM/POS CARD PROGRAM SERVICES: TOTAL EXPENSES 4,578,679. OUTSIDE PROFESSIONAL SERVICES: TOTAL EXPENSES 3,340,221. FORM 990, PART XI, LINE 9: RECLASSIFICATION ADJUSTMENTS 625,401.