2012-05-15T13:14:44-05:00 2011-12-31 420714325 MCGLADREY LLP 515 S FLOWER STREET 41ST FLOOR LOS ANGELES CA 90071 990 2011-01-01 930257765 ONPOINT COMMUNITY CREDIT UNION ONPO 5032731764 PO BOX 3750 PORTLAND OR 972083750 JAMES HUNT 5032731764 2012-05-11 1 JAMES P SWEENEY P01263012 2133304800 2011 2016-02-24 21:20:13Z ROBERT STUART PO BOX 3750 PORTLAND OR 972083750 409449444 0 X WWW.ONPOINTCU.COM X 1932 OR PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 7 7 536 0 2353270 -1681596 0 0 139760844 127961919 12149424 12725951 0 0 151910268 140687870 9000 10000 31741243 20827200 33940348 37834441 0 0 0 72348064 57783933 138038655 116455574 13871613 24232296 2841312936 3031046359 2564883007 2727649439 276429929 303396920 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 2011 MEMBERSHIP IN THE CREDIT UNION GREW TO 230,748 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES WHICH INCLUDES INSURANCE PRODUCTS, 142,870 LOANS AND 503,107 DEPOSIT ACCOUNTS TO MEMBERS AT COMPETITIVE RATES. 0 0 1 0 0 0 1 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 53645 0 1 536 1 1 1 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 0 0 X VERONICA ERVIN CONTROLLER 5032731718 2701 NW VAUGHN ST SUITE 800 PORTLAND OR 97210 M SCALLY 4.00 X X 0 0 0 W PEDERSON 8.00 X X 0 0 0 C HARMS 4.00 X 0 0 0 K MORRIS 4.00 X 0 0 0 L JOHNSON 4.00 X 1854 0 0 S NICHOLSON 4.00 X 4975 0 0 L SCHULWITZ 8.00 X X 0 0 0 R STUART 50.00 X 1942361 0 680675 J HUNT 45.00 X 453987 0 248609 G LAWRENCE 45.00 X 351168 0 194949 F NAMDAR 40.00 X 90309 0 4284 J ARMSTRONG 45.00 X 358955 0 266425 T MCVAY 45.00 X 534863 0 367027 K SCHRADER 45.00 X 389672 0 255351 V ERVIN 45.00 X 155030 0 134463 C MILAM 45.00 X 129377 0 146462 E PRATT 45.00 X 131381 0 94738 S NELSON 45.00 X 160917 0 23170 M VOLK 45.00 X 225254 0 37812 4930103 0 2453965 26 0 1 0 DIEBOLD GLOBAL FINANCE CORPORATION PO BOX 643955 PITTSBURGH PA 152644399 ATM SERVICE/SUPPORT 4520947 PROVIDENCE HEALTH PLANS OF OREGON PO BOX 5728 PORTLAND OR 972285728 EMPLOYEE HEALTH INSURANCE 3762920 WEBER MARKETING GROUP 225 TERRY AVE N SUITE 400 SEATTLE WA 98109 MRKTNG/PROMOTIONAL 3675700 DIGITAL INSIGHT CORPORATION PO BOX 515306 LOS ANGELES CA 900516606 ONLINE BANKING SERVICES 1858930 FISERV 75 REMITTANCE DR SUITE 1698 CHICAGO IL 606751698 STATEMENT PROCESSING 1263388 54 INTEREST MEMBER LOANS 522100 96200227 96200227 INTERCHANGE INCOME 522100 13857990 13857990 SERVICE FEES 522100 10081603 9878768 202835 OTHER OPERATING INCOME 522100 7822099 5671664 2150435 127961919 12204027 12204027 269273234 10264 268748519 13055 524715 -2791 521924 521924 140687870 125608649 2353270 12725951 10000 20827200 7235977 21122216 1688285 5409892 2378071 509946 127761 14362715 5407472 6215796 5118310 304614 341160 2100950 2205874 516633 PROVISION FOR LOAN LOSS 10969600 TCCUSF ASSESSMENT 6278012 OTHER EXPENSES 3325090 116455574 81128090 135558026 127462459 74834832 8215976 8008838 1954498602 1869629022 2017812 2123366 29261299 23766217 5315234 5495082 553511361 842780057 96789852 36464645 12373550 56152491 2841312936 3031046359 30573225 38289061 231228 212004 522943 662661 2533555611 2688485713 2564883007 2727649439 X 0 0 0 0 276429929 303396920 276429929 303396920 2841312936 3031046359 X 24232296 2734695 X X 0 1 1 X 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 1082980 1082980 1953591 1492808 460783 11222868 9568923 1653945 15001860 12704486 2297374 5495082 SAVINGS 283826169 CHECKING 465307959 MONEY MARKET ACCOUNTS 937990804 INDIVIDUAL RETIREMENT ACCOUNTS (IRA) 226106354 BORROWINGS 43000000 CERTIFICATES OF DEPOSIT 732254427 2688485713 140687870 116455574 24232296 2734695 2734695 26966991 140505061 -182809 -182809 140687870 0 140687870 116455574 0 116455574 0 116455574 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: 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, 2011 AND 2010, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. 1 SCHOLARSHIP 1 10000 FMV 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 0 1 0 R STUART 560000 0 502686 0 879675 0 673574 0 7101 0 2623036 0 750000 0 J HUNT 248667 0 199338 0 5982 0 233216 0 15393 0 702596 0 0 0 G LAWRENCE 165544 0 143026 0 42598 0 187848 0 7101 0 546117 0 0 0 J ARMSTRONG 197025 0 156297 0 5633 0 251032 0 15393 0 625380 0 0 0 T MCVAY 277833 0 227235 0 29795 0 351634 0 15393 0 901890 0 0 0 K SCHRADER 213752 0 162238 0 13682 0 248250 0 7101 0 645023 0 0 0 V ERVIN 115835 0 36110 0 3085 0 126330 0 8133 0 289493 0 0 0 C MILAM 111607 0 13956 0 3814 0 131069 0 15393 0 275839 0 0 0 E PRATT 107703 0 22872 0 806 0 83058 0 11680 0 226119 0 0 0 S NELSON 0 0 160685 0 232 0 16069 0 7101 0 184087 0 0 0 M VOLK 0 0 225022 0 232 0 22419 0 15393 0 263066 0 0 0 PART I, LINE 1A FIRST CLASS TRAVEL - PRESIDENT/CEO, ALL BOD (8 PEOPLE); NOT TAXABLE TO INDIVIDUALS. TRAVEL FOR COMPANIONS - ALL BOD (7 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, LINE 4B PART I, LINE 4B: R. STUART - PAID $750,000 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 CONTRACTED FIXED DOLLAR PAYOUTS WITH EACH INDIVIDUAL AFTER CERTAIN NUMBER OF YEARS OF SERVICE. THE REMAINING BALANCE IN EACH PARTICIPANT'S PLAN IS PAID TO THE INDIVIDUAL AT THE END OF THEIR RESPECTIVE PLAN AFTER ALL PLAN REQUIREMENTS ARE MET. NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 IN 2011, ONPOINT BEGAN OFFERING ADDITIONAL INSURANCE PRODUCTS TO ITS MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 6 ONPOINT COMMUNITY CREDIT UNION IS A NATURAL PERSON CREDIT UNION, OWNED BY ITS MEMBERS. AT 12/31/2011 THERE WERE 230,748 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 & PULLEN, LLP, PREPARED THE TAX RETURN AND IT WAS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING BY MCGLADREY & PULLEN, 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 (SUCH AS THE 2011 NORTHWEST FINANCIAL INDUSTRY SALARY SURVEY, THE CARDWELL CONSULTING 2011 TOP 200 CREDIT UNION CEO AND 2011 TOP 200 SENIOR EXECUTIVE COMPENSATION SURVEYS, AND THE EXECUTIVE COMP SOLUTIONS EXECUTIVE 2011 EMPLOYEE AND EXECUTIVE COMPENSATION AND BENEFITS SURVEY FOR THE CREDIT UNION MOVEMENT) AS PRODUCED 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 2,734,695. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM PRIOR YEARS.