2013-11-14T18:01:51-06:00 2012-12-31 420714325 MCGLADREY LLP 515 S FLOWER STREET 41ST FLOOR LOS ANGELES CA 90071 990 2012-01-01 930257765 ONPOINT COMMUNITY CREDIT UNION ONPO 5032731764 PO BOX 3750 PORTLAND OR 972083750 JAMES HUNT 5032731764 2013-11-13 1 CHRISTOPHER M PEKULA P00734965 2133304800 2012 2016-02-25 16:41:14Z ROBERT STUART PO BOX 3750 PORTLAND OR 972083750 148228160 0 X WWW.ONPOINTCU.COM X 1932 OR PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 9 9 578 0 2334858 -1688357 0 0 127961919 132268125 12725951 11058035 0 0 140687870 143326160 10000 10000 20827200 15365483 37834441 42944247 0 0 0 57783933 56162045 116455574 114481775 24232296 28844385 3031046359 3189801202 2727649439 2856565373 303396920 333235829 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 2012 MEMBERSHIP IN THE CREDIT UNION GREW TO 248,750 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES WHICH INCLUDES 145,897 LOANS AND 545,853 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 0 0 0 0 1 51589 0 1 578 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 M SCALLY 4.00 X 1803 0 0 W PEDERSON 8.00 X X 0 0 0 C HARMS 4.00 X 2703 0 0 K MORRIS 4.00 X X 1238 0 0 L JOHNSON 4.00 X 2080 0 0 S NICHOLSON 4.00 X 0 0 0 L SCHULWITZ 8.00 X X 0 0 0 S GOLDSCHMIDT 4.00 X 1555 0 0 T TSURUTA 4.00 X 0 0 0 R STUART 50.00 X 2609679 0 188565 J HUNT 45.00 X 645948 0 331738 G LAWRENCE 45.00 X 928587 0 23191 J ARMSTRONG 45.00 X 806647 0 317664 T MCVAY 45.00 X 959011 0 396186 K SCHRADER 45.00 X 861248 0 326361 V ERVIN 45.00 X 415831 0 93783 C MILAM 45.00 X 398712 0 161317 E PRATT 45.00 X 414753 0 74272 A EMERSON 45.00 X 228172 0 29845 M MONTGOMERY 45.00 X 232914 0 35611 F NAMDAR 40.00 X 163000 0 0 8673881 0 1978533 51 1 1 0 DIEBOLD GLOBAL FINANCE CORPORATION PO BOX 643955 PITTSBURGH PA 152644399 ATM SERVICE/SUPPORT 4107463 PROVIDENCE HEALTH PLANS OF OREGON PO BOX 5728 PORTLAND OR 972285728 EMPLOYEE HEALTH INSURANCE 3847178 WEBER MARKETING GROUP 225 TERRY AVE N SUITE 400 SEATTLE WA 98109 MRKTNG/PROMOTIONAL 3532576 INTUIT FINANCIAL SERVICES PO BOX 515306 LOS ANGELES CA 900516606 ONLINE BANKING SERVICES 2613002 P&C CONSTRUCTION CO PO BOX 410 GRESHAM OR 970300083 CONSTRUCTION COMPANY 2309574 56 INTEREST MEMBER LOANS 522100 89177318 89177318 INTERCHANGE INCOME 522100 16640215 16640215 OTHER OPERATING INCOME 522100 15378578 13245160 2133418 SERVICE FEES 522100 11072014 10870574 201440 132268125 12052701 12052701 1412023 2495311 2617560 2284440 -1205537 210871 -994666 -994666 143326160 129933267 2334858 11058035 X 10000 15365483 7646954 23999573 2633536 5864133 2800051 508692 131016 12774126 5784056 6848903 4574225 5069127 352326 307137 1272395 2178407 495710 PROVISION FOR LOAN LOSS 9062338 OTHER EXPENSES 3476668 TCCUSF ASSESSMENT 2631289 LOAN PREPAYMENT PENALTY 695630 114481775 135558026 105296862 74834832 76672595 8008838 7918488 1869629022 1912626711 2123366 2177932 34251839 25860242 5495082 8391597 842780057 1018922622 36464645 43733285 56152491 14061110 3031046359 3189801202 38289061 36987985 212004 199260 662661 802341 2688485713 2818575787 2727649439 2856565373 X 0 0 0 0 303396920 333235829 303396920 333235829 3031046359 3189801202 28844385 994524 0 X 0 1 X 1 0 25000 0 25000 25000 1 CU LEGISLATIVE ACTION FUND 8205 SW CREEKSIDE PL SUITE 220 BEAVERTON OR 97008 930953356 25000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: 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 4254601 1680722 2573879 11683342 10205240 1478102 17052893 13974280 3078613 8391597 SAVINGS 351843985 CHECKING 509718078 MONEY MARKET ACCOUNTS 1076909185 INDIVIDUAL RETIREMENT ACCOUNTS (IRA) 228799788 CERTIFICATES OF DEPOSIT 651304751 2818575787 X 142974826 344296 -695630 -351334 143326160 0 143326160 113786145 0 113786145 695630 695630 114481775 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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 YEAR ENDED DECEMBER 31, 2012, MANAGEMENT HAS DETERMINED THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON EXTINGUISHMENT OF DEBT -695,630. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS ON EXTINGUISHMENT OF DEBT 695,630. 1 DE LA SALLE NORTH CATHOLIC HIGH SCHOOL 7528 N FENWICK AVENUE PORTLAND OR 97217 931287554 501(C)(3) 10000 FMV SCHOLARSHIP 1 0 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE RECIPIENT(S) OF THE ANNUAL CLIFFORD C. DIAS LEADERSHIP SCHOLARSHIP ARE SELECTED BY MR. DIAS AND APPROVED BY THE BOARD. X X X X X 1 1 X X X X 1 1 0 R STUART 576800 0 390087 0 1642792 0 181035 0 7530 0 2798244 0 1000000 0 J HUNT 255727 0 274485 0 115736 0 315433 0 16305 0 977686 0 100000 0 G LAWRENCE 76626 0 123537 0 728424 0 19426 0 3765 0 951778 0 625077 0 J ARMSTRONG 217500 0 224835 0 364312 0 301359 0 16305 0 1124311 0 350000 0 T MCVAY 278512 0 300599 0 379900 0 379881 0 16305 0 1355197 0 350000 0 K SCHRADER 245833 0 245085 0 370330 0 318831 0 7530 0 1187609 0 350000 0 V ERVIN 116210 0 48297 0 251324 0 84864 0 8919 0 509614 0 192033 0 C MILAM 105893 0 38572 0 254247 0 145338 0 15979 0 560029 0 250000 0 E PRATT 100220 0 52223 0 262310 0 61879 0 12393 0 489025 0 262000 0 A EMERSON 64863 0 161770 0 1539 0 22315 0 7530 0 258017 0 0 0 M MONTGOMERY 0 0 232179 0 735 0 23218 0 12393 0 268525 0 0 0 F NAMDAR 0 0 0 0 163000 0 0 0 0 0 163000 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. PART I, LINES 4A-B SEVERANCE PAYMENT - F. NAMDAR $163,000 NONQUALIFIED RETIREMENT PLAN PAYOUT RECIPIENTS R. STUART - $1,485,666 J. HUNT - $100,000 G. LAWRENCE - $700,313 V. ERVIN - $250,000 J. ARMSTRONG - $350,000 T. MCVAY - $350,000 K. SCHRADER - $350,000 C. MILAM - $250,000 E. PRATT - $262,000 PLAN TERMS AND CONDITIONS: THE CEO AND CERTAIN OTHER EMPLOYEES PARTICIPATE IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN (PER INTERNAL REVENUE CODE SEC. 457(F)). IN GENERAL, CONTRIBUTIONS ARE MADE TO THE PLAN EACH YEAR AS A PERCENTAGE OF SALARY AND A PERCENTAGE OF BONUS EARNED FOR THE YEAR. FOR ALL PARTICIPANTS, OTHER THAN THE CEO, AN INTEREST CREDIT RATE IS APPLIED TO EACH PARTICIPANTS BALANCE ANNUALLY. THE CEO'S PLAN BALANCE IS INVESTED SEPARATELY AND REVIEWED ON A PERIODIC BASIS BY AN OVERSIGHT COMMITTEE. THERE ARE CONTRACTUAL FIXED DOLLAR PAYOUTS WITH EACH INDIVIDUAL AFTER DEFINED NUMBER OF YEARS OF SERVICE. THE REMAINING BALANCE IN EACH PARTICIPANT'S PLAN IS PAID TO THE INDIVIDUAL AT THE END OF THEIR RESPECTIVE DEFINED PLAN AFTER ALL PLAN REQUIREMENTS ARE MET. SUPPLEMENTAL INFORMATION PART III FORM 990, SCHEDULE J, PART II, COLUMN E: COLUMN E INCLUDES BOTH THE 2012 SEC. 457(F) RETIREMENT PLAN DEFERRAL (REPORTED IN COLUMN C) AND THE 2012 PAYOUT RELATED TO PRIOR YEAR SEC. 457(F) DEFERRALS (REPORTED IN COLUMN B(III)), THUS RESULTING IN A DOUBLE COUNTING OF SEC. 457(F) RETIREMENT PLAN INCOME, WHICH IS INCURRED AND REFLECTED IN YEARS WHERE PAYMENTS ARE DISBURSED. IN ADDITION, BONUSES WERE ACCELERATED FROM FEBRUARY 2013 TO DECEMBER 2012 FOR J. ARMSTRONG, J. HUNT, T. MCVAY, K. SCHRADER. AFTER THESE ADJUSTMENTS, TOTAL ACTUAL COMPENSATION FOR THESE EXECUTIVES WAS: R. STUART - $1,798,244 J. HUNT - $749,562 G. LAWRENCE - $326,700 J. ARMSTRONG -$664,310 T. MCVAY - $865,940 K. SCHRADER - $712,608 C. MILAM - $310,029 V. ERVIN - $317,582 E. PRATT- $227,025 FORM 990, SCHEDULE J, PART II, COLUMN F: THE COMPENSATION REPORTED UNDER COLUMN F INCLUDES SEC. 457(F) NON-QUALIFIED RETIREMENT PLAN COMPENSATION THAT WAS DEFERRED IN PRIOR YEARS AND PAID OUT IN 2012. THESE AMOUNTS WERE INCLUDED AS EXPENSES OF THE ORGANIZATION IN PRIOR YEARS' RETURNS. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 IN 2012, 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 12/31/2012, THERE WERE 248,750 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 POOL OF CANDIDATES AT 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. THESE INCLUDED THE CARDWELL CONSULTING 2012 TOP CEO TOTAL COMPENSATION SURVEY REPORT, THE MERCER SENIOR EXECUTIVE REMUNERATION REVIEW, THE 2012 MILLIMAN FINANCIAL INDUSTRY SURVEY, THE 2012 HUDSON VALLEY SPONSORED EXECUTIVE COMPENSATION SURVEY, THE EXECUTIVE COMP SOLUTIONS EXECUTIVE 2012 EMPLOYEE AND EXECUTIVE COMPENSATION AND BENEFITS SURVEY FOR THE CREDIT UNION MOVEMENT. 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. OTHER FEES FORM 990, PART IX, LINE 11G COLLECTION SERVICES: TOTAL EXPENSES 250,767. COLLECTION SERVICES - OREO: TOTAL EXPENSES 351,267. OTHER BUSINES LOAN FEES: TOTAL EXPENSES 749,092. 24 HR LOAN APP. PROCESSING SERVICES: TOTAL EXPENSES 250,440. VISA DEBIT CARD PROGRAM SERVICES: TOTAL EXPENSES 2,683,052. VISA CREDIT CARD PROGRAM SERVICES: TOTAL EXPENSES 2,147,692. VISA GIFT CARD PROGRAM SERVICES: TOTAL EXPENSES 13,843. ATM/POS CARD PROGRAM SERVICES: TOTAL EXPENSES 3,754,958. OUTSIDE PROFESSIONAL SERVICES: TOTAL EXPENSES 2,573,015.