2011-05-16T11:03:00-05:00 2010-12-31 RSM MCGLADREY INC 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2010-01-01 930257765 ONPOINT COMMUNITY CREDIT UNION ONPO 5032731764 PO BOX 3750 PORTLAND OR 972083750 JAMES HUNT 5032731764 2011-05-11 1 COLLIN F BUZZELL 6125738750 2010 2016-03-07 17:11:31Z ROBERT STUART PO BOX 3750 PORTLAND OR 972083750 151910268 0 X WWW.ONPOINTCU.COM X 1932 OR PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES. 9 9 519 0 2023655 -893938 0 0 145402465 139760844 10361148 12149424 16335857 0 172099470 151910268 10000 9000 47290423 31741243 29535269 33940348 0 0 0 66844396 72348064 143680088 138038655 28419382 13871613 2754327378 2841312936 2492734774 2564883007 261592604 276429929 X THE PURPOSE OF ONPOINT COMMUNITY CREDIT UNION 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 2010 MEMBERSHIP IN THE CREDIT UNION GREW TO 213,971 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES, WHICH INCLUDES 140,965 LOANS AND 463,948 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 51260 0 1 519 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 CONTROLLER 5032287077 PO BOX 3750 PORTLAND OR 972083750 S GRAY 8.00 X X 9625 0 0 M SCALLY 4.00 X X 1181 0 0 W PEDERSON 8.00 X X 2273 0 0 C HARMS 4.00 X 0 0 0 F WONG 4.00 X 6584 0 0 K MORRIS 4.00 X 1609 0 0 L FREEMAN 4.00 X 1690 0 0 M JORDAN 4.00 X 2893 0 0 S NICHOLSON 4.00 X 4040 0 0 L SCHULWITZ 4.00 X 1420 0 0 R STUART 65.00 X 1152133 0 659082 J HUNT 60.00 X 370804 0 235489 G LAWRENCE 60.00 X 561050 0 206840 J ARMSTRONG 60.00 X 596351 0 269912 T MCVAY 60.00 X 772045 0 374717 K SCHRADER 60.00 X 601231 0 258618 V ERVIN 60.00 X 384390 0 150215 C MILAM 45.00 X 379453 0 150574 E PRATT 45.00 X 135356 0 85701 A EMERSON 45.00 X 163631 0 22570 M VOLK 45.00 X 159003 0 29371 5306762 0 2443089 23 0 1 0 DIEBOLD GLOBAL FINANCE CORPORATION PO BOX 643955 PITTSBURGH PA 152644399 ATM SERVICE/SUPPORT 4923682 WEBER MARKETING GROUP 225 TERRY AVE N SUITE 400 SEATTLE WA 98109 MARKETING/PROMOTIONAL 3447588 PROVIDENCE HEALTH PLANS OF OREGON PO BOX 5728 PORTLAND OR 972285728 EMPLOYEE HEALTH INSURANCE 2523881 DIGITAL INSIGHT CORPORATION PO BOX 515306 LOS ANGELES CA 900516606 ONLINE BANKING SERVICES 2176760 FISERV 75 REMITTANCE DR SUITE 1698 CHICAGO IL 606751698 STATEMENT PROCESSING 1335063 49 INTEREST MEMBER LOANS 522100 107306563 107306563 INTERCHANGE INCOME 522100 11950758 11950758 OTHER OPERATING INCOME 522100 10737058 8894715 1842343 SERVICE FEES 522100 9766465 9585153 181312 139760844 11143298 11143298 1004656 1470 1004656 1470 1006126 1006126 151910268 137737189 2023655 12149424 9000 31741243 7766099 17535050 1859176 4637579 2142444 411999 103848 13325945 5183768 5781461 4611191 457164 265500 2319644 2116461 498983 PROVISION FOR LOAN LOSS 28390189 NCUSIF INSURANCE 6300465 OTHER EXPENSES 2311446 IMPAIRMENT LOSS ON CAPI 270000 138038655 27188555 81128090 126753763 127462459 8508653 8215976 2121011904 1954498602 1839530 2017812 28093254 22778020 4015813 5315234 314100189 553511361 142278938 96789852 8630033 12373550 2754327378 2841312936 23574422 30573225 252918 231228 385996 522943 2468521438 2533555611 2492734774 2564883007 X 0 0 0 0 261592604 276429929 261592604 276429929 2754327378 2841312936 X 13871613 965712 X 0 1 1 X 0 25000 25000 25000 1 CU LEGISLATIVE ACTION FUND C/O CUAO P O BOX 1900 BEAVERTON OR 97075 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 290949 290949 1529112 1484943 44169 11286673 8603334 2683339 14986520 12689743 2296777 5315234 SAVINGS 235037213 CHECKING 345293924 MONEY MARKET ACCOUNTS 784502964 INDIVIDUAL RETIREMENT ACCOUNTS (IRA) 44230011 BORROWINGS 60000000 CERTIFICATES OF DEPOSIT 869899048 INDIVIDUAL RETIREMENT ACCOUNTS 194592451 2533555611 151910268 138038655 13871613 965712 965712 14837325 151640268 -270000 -270000 151910268 0 151910268 137768655 0 137768655 270000 270000 138038655 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: FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS. PART XII, LINE 2D - OTHER ADJUSTMENTS: REVENUE RECLASSED TO EXPENSE - IMPAIRMENT LOSS ON CAPITAL INV IN CORP CU -270,000. PART XIII, LINE 4B - OTHER ADJUSTMENTS: REVENUE RECLASSED TO EXPENSE - IMPAIRMENT LOSS ON CAPITAL INV IN CORP CU 270,000. 1 SCHOLARSHIP 3 9000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: THE RECIPIENTS 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 X 0 1 0 R STUART 527081 0 500900 0 124152 0 652860 0 6222 0 1811215 0 0 0 J HUNT 233250 0 107413 0 30141 0 222003 0 13486 0 606293 0 0 0 G LAWRENCE 160010 0 133651 0 267389 0 200618 0 6222 0 767890 0 250000 0 J ARMSTRONG 177270 0 147529 0 271552 0 256426 0 13486 0 866263 0 250000 0 T MCVAY 284800 0 230378 0 256867 0 361231 0 13486 0 1146762 0 250000 0 K SCHRADER 177004 0 162321 0 261906 0 252396 0 6222 0 859849 0 250000 0 V ERVIN 108575 0 61051 0 214764 0 140777 0 9438 0 534605 0 213617 0 C MILAM 100676 0 22882 0 255895 0 137088 0 13486 0 530027 0 250000 0 E PRATT 114460 0 20191 0 705 0 75465 0 10236 0 221057 0 0 0 A EMERSON 23885 0 139591 0 155 0 16348 0 6222 0 186201 0 0 0 M VOLK 0 0 158848 0 155 0 15885 0 13486 0 188374 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 (12 PEOPLE); 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 4A R. STUART - PAID $0 J. HUNT - PAID $0 E. PRATT - PAID $0 G. LAWRENCE - PAID $250,000 V. ERVIN - PAID $250,000 J. ARMSTRONG - PAID $250,000 T.MCVAY - PAID $250,000 K. SCHRADER - PAID $250,000 C. MILAM - PAID $250,000 NEW PROGRAM SERVICES FORM 990, PART III, LINE 2 DURING 2010 ONPOINT BEGAN OFFERING BUSINESS MEMBER LOANS INCLUDING EQUIPMENT AND LINES OF CREDIT PRODUCTS. FORM 990, PART VI, SECTION A, LINE 6 ONPOINT COMMUNITY CREDIT UNION IS A NATURAL PERSON CREDIT UNION, OWNED BY ITS MEMBERS. AT 12/31/2010 THERE WERE 213,971 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, RSM MCGLADREY, PREPARED THE TAX RETURN AND IT WAS PRESENTED TO THE BOARD OF DIRECTORS PRIOR TO FILING BY RSM MCGLADREY. 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 CONFLICT OF INTEREST POLICY. BOARD OF DIRECTOR MEMBERS 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 REMEDIATION 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 2010 TOP CEO TOTAL COMPENSATION SURVEY REPORT, THE MERCER SENIOR EXECUTIVE REMUNERATION REVIEW, THE 2010 MILLIMAN FINANCIAL INDUSTRY SURVEY, THE 2010 HUDSON VALLEY SPONSORED EXECUTIVE COMPENSATION SURVEY, THE EXECUTIVE COMP SOLUTIONS EXECUTIVE 2010 EMPLOYEE AND EXECUTIVE COMPENSATION AND BENEFITS SURVEY FOR THE CREDIT UNION MOVEMENT. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 965,712.