2014-11-13T13:25:26-06:00 2013-12-31 520630619 Rowles & Company LLP 8100 Sandpiper Circle Suite 308 Baltimore MD 21236 990 2013-01-01 520447180 Point Breeze Credit Union POIN 4107713850 11104 McCormick Road Hunt Valley MD 21031 Bernard G McLaughlin President/CEO 4107713850 2014-11-13 1 Edward C Beyer P00383756 4437255395 2013 2015-11-30 17:44:51Z Bernard G McLaughlin 11104 McCormick Road Hunt Valley MD 21031 23435281 0 X www.pbcu.com X 1935 MD State chartered credit union 9 9 107 0 19653 -272 0 0 18119409 20346227 3362344 3089054 0 0 21481753 23435281 0 0 0 0 7318261 7768870 0 0 0 10691768 10611854 18010029 18380724 3471724 5054557 724912442 721186712 8768434 4081091 716144008 717105621 Our mission is to provide quality financial solutions for every member. 0 0 Point Breeze Credit Union provides lending and deposit services to its approximately 48,740 members. 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 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 22509 0 1 107 1 1 1 0 0 0 0 0 X 9 9 0 0 0 0 1 1 0 1 1 0 1 1 0 1 1 1 1 1 1 1 0 X Tonia M Niedzialkowski 4107713850 11104 McCormick Road Baltimore MD 21031 Michael J Gallagher Chairman 3.80 X 14880 0 0 Joseph Marschall Director 1.60 X 6150 0 200 Donna L Banning Director 1.20 X 4650 0 0 William B Davis Jr Secretary 3.50 X 13560 0 2000 Dominic L Conoscenti Director 0.90 X 3600 0 2000 Ralph S Pagano Treasurer 4.40 X 17250 0 2000 William L Ramsey Director 1.40 X 5400 0 2000 Howard W Uhl Director 2.30 X 9090 0 0 William J Burton Supervisory Committee 1.50 X 4560 0 0 Joseph R Palladino Supervisory Committee 0.90 X 2760 0 0 Dorothy F Olszewski Supervisory Committee 1.40 X 4500 0 0 William R Helmey Supervisory Committee 1.70 X 6720 0 200 Donald Gundlach Supervisory Committee 1.10 X 3360 0 0 Bernard G McLaughlin President/CEO 40.00 X 336147 0 16881 Judy L Cross Senior Vice President 40.00 X 230616 0 432041 Tonia M Niedzialkowski Chief Financial Officer 40.00 X 156516 0 117960 Patricia Harrison Vice Pres - Lending 40.00 X 113554 0 104677 Kristin Reynolds Human Resources Director 40.00 X 100635 0 27728 1033948 0 707687 5 0 1 0 XP Systems 75 Remittance Dr Suite 6963 Chicago IL 60675 data processing 362888 ACI Worldwide Corp 99944 Collection Center Dr Chicago IL 60693 card processing 251762 Hill Management Services Inc PO Box 4835 Timonium MD 21094 rent 225073 CDW 13461 Sunrise Valley Herndon VA 20171 IT products and services 187331 Brown & Brown 8501 Lasalle Rd Suite 212 Baltimore MD 21286 legal services 179122 5 Interest on loans 522100 14231539 14231539 Other services 525990 4473239 4473239 Share account services 525990 1472994 1472994 Credit insurance 524298 148802 148802 Nonmember ATM fees 525990 19653 19653 20346227 3089054 3089054 23435281 20326574 19653 3089054 1741635 4281941 465636 865616 414042 22945 77892 269458 455055 1149191 505359 924227 25729 59970 3184505 527612 225911 Loan loss provision 1573022 Lending expense 717872 Member share insurance 507627 Bank service charges 247514 137965 18380724 9329556 6277983 83934822 75835915 791705 694918 269929925 292470942 14874495 6507981 8425094 8366514 330903227 298700245 21598113 38840195 724912442 721186712 8768434 4081091 8768434 4081091 X 633225780 627945043 0 0 82918228 89160578 716144008 717105621 724912442 721186712 X 5054557 -197428 -3895516 X X 0 1 X 1 0 2577140 2577140 8020311 3008185 5012126 4277044 3499796 777248 8366514 NCUSIF deposit 6345341 Accrued interest receivable 1304173 Other assets 8756913 CU owned life insurance 22433768 38840195 23435281 0 23435281 0 23435281 18380724 0 18380724 0 18380724 1 X X X X 0 1 0 Bernard G McLaughlin President/CEO 336147 0 0 0 0 0 0 0 16881 0 353028 0 0 0 Judy L Cross Senior Vice President 230616 0 0 0 0 0 414442 0 17599 0 662657 0 0 0 Tonia M Niedzialkowski Chief Financial Officer 156516 0 0 0 0 0 99827 0 18133 0 274476 0 0 0 Patricia Harrison Vice Pres - Lending 113554 0 0 0 0 0 96634 0 8043 0 218231 0 0 0 Kristin Reynolds Human Resources Director 100635 0 0 0 0 0 11730 0 15998 0 128363 0 0 0 Judy L Cross VP mortgage X 176000 137096 0 1 1 Tonia M Niedzialkowski CFO mortgage X 390000 294764 0 1 1 Donna L Banning Director cr card X 3382 0 1 1 Michael J Gallagher Chairman credit cards, auto X 87760 80713 0 1 1 William L Ramsey Director credit card, auto X 80276 42889 0 1 1 Charles J Marschall Director credit card, auto X 24753 12130 0 1 1 Howard W Uhl Director cr card X 2000 0 1 1 Joseph R Palladino Director mortgage, collateral LOC X 100000 94539 0 1 1 Ralph Pagano Director credit card, auto X 27575 27386 0 1 1 Dominic Conoscenti Director cr card X 19 0 1 1 694918 Form 990, Part VI, Section A, line 6 The Credit Union has approximately 48,740 members. Form 990, Part VI, Section A, line 7a Credit Union members elect the board of directors. Form 990, Part VI, Section B, line 11 The CEO and CFO perform final reviews of Form 990. Form 990, Part VI, Section B, line 12c The Credit Union monitors and enforces compliance with the conflict of interest policy through required disclosure if and when a conflict arises. Form 990, Part VI, Section B, line 15 The compensation committee reviews a CUNA salary survey and makes a proposal to the board of directors for the CEO's salary. The CEO reviews a CUNA salary survey and makes a proposal to the board of directors for officers' salaries. The board of directors discusses and approves the CEO's and officers' salaries. Form 990, Part VI, Section C, line 19 The Credit Union makes its governing documents and conflict of interest policy available to the public upon request. Quarterly financial statements are available through the NCUA website. Annual audited financial statements are given to members at the annual meeting. Form 990, Part XI, line 9: Net decrease in members' share balances -5,280,737. Minimum postretirement health plan liability adjustment 1,385,221. Form 990, Part XII, Line 2c: The supervisory committee is responsible for oversight of the audit of the financial statements and selection of the independent accountants.