Onpoint Community Credit Union
- Assets
- $9.0b
- Revenue
- $300.7m
- Investments
- $92.0m
- Employees
- 1,199
- Location
- Portland, OR
- Founding
- 10/1944
- Data as of
- 12/2021
- EIN
- 93-0257765
Organization Overview
Onpoint Community Credit Union is located in Portland, OR. The organization was established in 1944. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Onpoint Community Credit Union employed 1,199 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Onpoint Community Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.
For the year ending 12/2021, Onpoint Community Credit Union generated $300.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $219.8m during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Onpoint Community Credit Union has awarded 249 individual grants totaling $6,383,063. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, MEMBERSHIP IN THE CREDIT UNION GREW TO 464,835 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES, INCLUDING THE PROVISION OF 213,623 LOANS AND 998,384 DEPOSIT ACCOUNTS TO MEMBERS AT COMPETITIVE RATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Stuart President/ceo | Officer | 50 | $2,300,322 |
A Emerson Vp/onpoint Mortgage | 45 | $1,530,082 | |
T Mcvay Svp/chief Retail Officer | Officer | 45 | $1,111,778 |
J Armstrong Svp/chief Information Officer | Officer | 45 | $942,763 |
S Leugers Svp/chief Lending Officer | Officer | 45 | $786,913 |
M Casiano Mortgage Loan Officer | 45 | $759,577 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fiserv Inc Card & Atm Network Process | 12/30/21 | $9,168,107 |
Payment Systems For Credit Union Credit Card Processing | 12/30/21 | $6,902,517 |
Borders Perrin & Norrander Inc Marketing Services | 12/30/21 | $6,812,464 |
Q2 Software Inc Online Banking | 12/30/21 | $6,252,577 |
Visa Debit Card & Credit Card Processing | 12/30/21 | $6,378,486 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $255,203,535 |
| Investment income | $35,728,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $9,759,004 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $300,691,175 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,250,733 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $9,903,530 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $74,245,196 |
| Pension plan accruals and contributions | $6,303,624 |
| Other employee benefits | $13,137,392 |
| Payroll taxes | $6,977,372 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $585,935 |
| Fees for services: Accounting | $111,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $31,411,467 |
| Advertising and promotion | $11,602,140 |
| Office expenses | $16,216,482 |
| Information technology | $9,820,900 |
| Royalties | $0 |
| Occupancy | $11,773,613 |
| Travel | $315,732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $306,226 |
| Interest | $13,277,748 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,890,449 |
| Insurance | $477,097 |
| All other expenses | $9,991,889 |
| Total functional expenses | $219,794,045 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,178,609,682 |
| Savings and temporary cash investments | $8,615,929 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,401,564 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,941,668,566 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,328,332 |
| Net Land, buildings, and equipment | $38,122,249 |
| Investments—publicly traded securities | $1,691,929,718 |
| Investments—other securities | $91,959,514 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $65,733,510 |
| Total assets | $9,040,369,064 |
| Accounts payable and accrued expenses | $100,400,316 |
| Grants payable | $0 |
| Deferred revenue | $4,972,233 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,571,291 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,986,840,842 |
| Total liabilities | $8,095,784,682 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $944,584,382 |
| Total liabilities and net assets/fund balances | $9,040,369,064 |
Grants Awarded
Over the last fiscal year, Onpoint Community Credit Union has awarded $1,527,267 in support to 63 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: COMMUNITY OUTREACH | $226,125 |
Salt Lake City, UT PURPOSE: COMMUNITY OUTREACH | $125,000 |
BANZAI INC PURPOSE: COMMUNITY OUTREACH | $70,942 |
Portland, OR PURPOSE: COMMUNITY OUTREACH | $50,000 |
Portland, OR PURPOSE: COMMUNITY OUTREACH | $50,000 |
Portland, OR PURPOSE: COMMUNITY OUTREACH | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Credit Unions In The State Of Washington Tukwila, WA | $30,156,698,461 | $992,196,351 |
The Golden 1 Credit Union Sacramento, CA | $18,331,687,285 | $525,382,897 |
Patelco Credit Union Dublin, CA | $9,047,982,000 | $276,202,116 |
Onpoint Community Credit Union Portland, OR | $9,040,369,064 | $300,691,175 |
San Diego County Credit Union San Diego, CA | $10,817,931,463 | $305,241,036 |
Credit Unions In The State Of California Pasadena, CA | $5,170,841,754 | $207,665,347 |
Credit Unions In The State Of Washington Richland, WA | $4,984,415,562 | $209,714,546 |
Credit Unions In The State Of California Santa Rosa, CA | $7,428,683,362 | $248,972,690 |
Spokane Teachers Credit Union Liberty Lake, WA | $4,949,789,010 | $204,900,448 |
Credit Unions In The State Of Washington Olympia, WA | $4,636,127,364 | $192,003,010 |
Travis Credit Union Vacaville, CA | $4,695,813,134 | $194,928,518 |
Safe Credit Union Folsom, CA | $4,443,372,826 | $162,136,670 |