Civic Intelligence

Keypoint Credit Union

990 • Fiscal year 2019 • EIN 94-2600376

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 10, 2020

2805 Bowers AvenueSanta Clara, CA 95051

(408) 731-4100

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.92x

Higher debt load relative to assets than 92% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

21.20x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Net Margin

2nd percentile

6.3%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Top Officer Pay

30th percentile

$758,323

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2019 filings • 501(c)14 • $1B+ nonprofits • Source year 2019

Asset Growth

2nd percentile

0.6%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2018 to 2019

Revenue Growth

1st percentile

-6.8%

Faster revenue growth than 1% of similar nonprofits.

2019 filings • 501(c)14 • $1B+ nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,295,433,092

Up $7,974,188 (+0.6%) from 2018

Net Assets

Up

$108,779,752

Up $7,113,576 (+7.0%) from 2018

Liabilities

Up

$1,186,653,340

Up $860,612 (+0.1%) from 2018

Revenue

Down

$55,987,067

Down $4,063,960 (-6.8%) from 2018

Expenses

Up

$52,479,549

Up $335,360 (+0.6%) from 2018

Net Income

Down

$3,507,518

Down $4,399,320 (-56%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0B$1.5B$1.0B$500M$0Assets 2010: $739,233,904Liabilities 2010: $677,743,148Net Assets 2010: $61,490,7562010Assets 2011: $751,916,749Liabilities 2011: $686,934,036Net Assets 2011: $64,982,7132011Assets 2012: $785,628,360Liabilities 2012: $718,640,019Net Assets 2012: $66,988,3412012Assets 2013: $865,890,206Liabilities 2013: $796,717,327Net Assets 2013: $69,172,8792013Assets 2014: $939,225,533Liabilities 2014: $860,923,932Net Assets 2014: $78,301,6012014Assets 2015: $1,007,159,964Liabilities 2015: $923,123,725Net Assets 2015: $84,036,2392015Assets 2016: $1,070,888,231Liabilities 2016: $980,552,795Net Assets 2016: $90,335,4362016Assets 2017: $1,200,503,152Liabilities 2017: $1,105,725,189Net Assets 2017: $94,777,9632017Assets 2018: $1,287,458,904Liabilities 2018: $1,185,792,728Net Assets 2018: $101,666,1762018Assets 2019: $1,295,433,092Liabilities 2019: $1,186,653,340Net Assets 2019: $108,779,7522019Assets 2020: $1,496,633,127Liabilities 2020: $1,382,499,763Net Assets 2020: $114,133,3642020Assets 2021: $1,639,289,410Liabilities 2021: $1,503,576,834Net Assets 2021: $135,712,5762021Assets 2022: $1,806,959,309Liabilities 2022: $1,689,747,484Net Assets 2022: $117,211,8252022Assets 2023: $1,679,667,006Liabilities 2023: $1,570,897,171Net Assets 2023: $108,769,8352023Assets 2024: $1,602,390,335Liabilities 2024: $1,486,591,497Net Assets 2024: $115,798,8382024

Highlighted filing

2019

Assets$1,295,433,092
Liabilities$1,186,653,340
Net Assets$108,779,752

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$100M$50M$0Expenses 2010: $36,086,5552010Expenses 2011: $33,581,0272011Expenses 2012: $30,611,3832012Revenue 2013: $34,287,647Expenses 2013: $29,980,008Net Income 2013: $4,307,6392013Revenue 2014: $39,703,126Expenses 2014: $33,338,726Net Income 2014: $6,364,4002014Revenue 2015: $41,967,037Expenses 2015: $35,657,021Net Income 2015: $6,310,0162015Revenue 2016: $44,715,217Expenses 2016: $36,614,401Net Income 2016: $8,100,8162016Revenue 2017: $48,882,984Expenses 2017: $43,974,852Net Income 2017: $4,908,1322017Revenue 2018: $60,051,027Expenses 2018: $52,144,189Net Income 2018: $7,906,8382018Revenue 2019: $55,987,067Expenses 2019: $52,479,549Net Income 2019: $3,507,5182019Revenue 2020: $51,308,722Expenses 2020: $48,833,778Net Income 2020: $2,474,9442020Revenue 2021: $79,301,836Expenses 2021: $51,441,704Net Income 2021: $27,860,1322021Revenue 2022: $69,312,506Expenses 2022: $62,512,294Net Income 2022: $6,800,2122022Revenue 2023: $75,923,809Expenses 2023: $70,460,546Net Income 2023: $5,463,2632023Revenue 2024: $80,303,046Expenses 2024: $76,254,114Net Income 2024: $4,048,9322024

Highlighted filing

2019

Revenue$55,987,067
Expenses$52,479,549
Net Income$3,507,518
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 10, 2020
Return Version
2019v5.1
Gross Receipts
$81,725,851
Mission and Program Overview

Mission

Keypoint credit union is a cooperative, organized for the purpose of promoting thrift and savings among its members, creating a source of credit for them at competitive rates of interest, and providing an opportunity for them to use and control their own money on a democratic basis in order to improve their economic and social conditions. As a cooperative, keypoint credit union conducts its business for the mutual benefit and general welfare of its members with the earnings, savings, benefit, or service of the credit union being distributed to its members as patrons.

A cooperative organized for the purpose of promoting thrift and savings among its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,045,788,838$995,290,758▼ $50,498,080
Investments in Publicly Traded Securities$146,605,940$150,208,864▲ $3,602,924
Rtn Earn Endowment Incm Other Fnds$101,666,176$108,779,752▲ $7,113,576
Savings and Temporary Cash Investments$16,230,807$32,482,879▲ $16,252,072
Land, Buildings, and Equipment, Net$15,463,208$17,378,730▲ $1,915,522
Cash and Non-Interest-Bearing Accounts$7,452,878$14,114,251▲ $6,661,373
Investments Other Securities$18,581,693$11,568,482▼ $7,013,211
Receivables From Officers Etc$13,361,847$10,958,423▼ $2,403,424
Prepaid Expenses and Deferred Charges$5,623,521$1,807,157▼ $3,816,364
Accounts Receivable$0$677,439▲ $677,439
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,287,458,904$1,295,433,092▲ $7,974,188
Other Assets Total$18,350,172$60,946,109▲ $42,595,937
Liabilities
Other Liabilities$1,029,558,945$1,045,229,044▲ $15,670,099
Mortgage Notes Payable Secured by Investment Property$140,000,000$129,000,000▼ $11,000,000
Accounts Payable and Accrued Expenses$15,583,406$11,378,264▼ $4,205,142
Escrow Account Liability$639,568$1,038,523▲ $398,955
Deferred Revenue$10,809$7,509▼ $3,300
Total Liabilities$1,185,792,728$1,186,653,340▲ $860,612
Net Assets / Fund Balance
Total Net Assets Fund Balance$101,666,176$108,779,752▲ $7,113,576
Total Liabilities and Net Assets / Fund Balance$1,287,458,904$1,295,433,092▲ $7,974,188

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,898,068$19,989,509$25,887,577
Buildings$4,573,871$4,466,392$9,040,263
Land$6,000,000-$6,000,000
Leasehold Improvements$906,791$1,955,495$2,862,286
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
T Bradford CanfieldPresident & CEOFT$492,179$266,144$758,323
Vi LuuChief Lending OfficerFT$250,188$182,304$432,492
Anthony VitaleChief Information OfficerFT$257,085$161,183$418,268
Leeanne GiblinChief Human Resources OfficerFT$227,712$155,431$383,143
Trent McilhaneyChief Finance OfficerFT$240,721$92,306$333,027
Steven WeilerSVP Commercial BankingsFT$143,142$156,129$299,271
Raul Nieves JrSr Mortgage Loan OfficerFT$24,459$258,778$283,237
Douglas SchrockVP FinanceFT$180,876$83,642$264,518
Gina CorderoMortgage Loan ManagerFT$37,087$213,206$250,293
Michelle MurphyDirector Sales & Re LendingFT$57,529$188,570$246,099
Andy RamosChief Retail OfficerFT$142,122$101,638$243,760
Lawrence ScoffieldVP Corporate AdminFT$171,660$64,840$236,500
Eatan VijanFinancial AdvisorFT$44,252$178,136$222,388
Victor SmilgysVP It EservicesFT$157,923$62,815$220,738
Marsha BerlinskiVP Re LendingFT$172,533$48,105$220,638
Judith SepikVP Retail OperationsFT$137,381$80,117$217,498
Belinda BlairVP MarketingFT$138,028$78,608$216,636
Jeff AanaDirector COM Sales & OriginationFT$106,420$106,648$213,068
Michael IvezicVP Risk ManagementFT$157,925$42,916$200,841
Doron NoymanVP Sales & DevFT$123,064$66,305$189,369
Arie ElkinsVP It InfrastructureFT$47,403$123,446$170,849
Timothy GreenChief Finance Officer (left 02/19)FT$120,187$6,120$126,307
Jillian BulwaVP Training & DevelopmentFT$105,162$13,305$118,467
Gregory EbyDirectorPT$7,784-$7,784
John TomDirectorPT$7,784-$7,784
Robert LernerDirectorPT$5,016-$5,016
Gary GarciaDirectorPT$1,922-$1,922

Board Members and Trustees

NameTitle
Baljinder SandhuChairperson
Keith StattenfieldVice Chairperson
Bunninder FalakDirector
Sarandeep MandairDirector
Marsha PoenishSecretary & Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Shi International CorpCore System ServicingPO BOX 952121, Dallas, TX 75395-2121$1,218,846
Cu Cooperative Systems INCDebit And Credit Card Network Servicing9692 HAVEN AVENUE, Rancho Cucamonga, CA 91730$681,194
Fiserv INCCore System Servicing455 WINDING BROOK DRIVE, Glastonbury, CT 06033$480,328
Robert Half International INCHr-temp HelpPO BOX 743295, Los Angeles, CA 90074-3295$424,491
Visa DpsDebit And Credit Card Network ServicingPO BOX 60000, San Francisco, CA 94160$423,244
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$48,710,724
Investment Income
$6,189,411
Other Revenue
$1,086,932
Change in Net Assets
$3,507,518
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$25,234,444
Salaries, Compensation, and Employee Benefits$21,762,140
Grants and Similar Amounts Paid$13,500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$13,070,540
Benefits to Members---$5,469,465
Interest---$5,391,720
Current Officers, Directors, Trustees, and Key Employees---$5,073,151
Fees for Services Other---$4,226,352
Office Expenses---$3,237,566
Depreciation Depletion---$3,196,757
Occupancy---$1,996,575
Other Employee Benefits---$1,809,647
Payroll Taxes---$1,323,429
Advertising---$1,084,751
Other Expenses---$725,465
Travel---$515,513
Pension Plan Contributions---$485,373
Fees for Services Legal---$152,377
Fees for Services Accounting---$108,834
Grants to Domestic Orgs---$8,500
Grants to Domestic Individuals---$5,000
Total Functional Expenses$0$0$0$52,479,549
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
ALZHEIMER'S ASSOCIATIONSan Jose, CA501(c)(3)Business Development$8,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$13,361,847$10,958,423▼ $2,403,424
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES$1,045,229,044
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 1

The credit union has an executive committee consisting of no fewer than three (3) directors. The committee has the power to approve membership applications. With the written approval of the commissioner, the executive committee may act for the board of directors in the purchase and sale of securities, investment and withdrawal of funds, in borrowing funds, and to make loans to other credit unions in accordance with applicable law and regulations.

Form 990, Part VI, Section A, Line 6

Participation in this credit union is limited to those who qualify for membership as defined in the credit union's charter and bylaws. This generally consists of those who live, work, worship, or go to school in santa clara, alameda, contra costa, el dorado, placer, san mateo, santa barbara, and sacramento counties, california. In addition to a regularly qualified member, the spouse of a member, the blood or adoptive relatives of either of them, and their spouses may be members.

Form 990, Part VI, Section A, Line 7A

The governing board of keypoint credit union is comprised of volunteer directors who are directly elected by its members. Each member of the governing board serves for a period of three years and until their successors shall have been elected.

Form 990, Part VI, Section A, Line 7B

At the end of each term of the board members, elections are held and board members are voted by the members of the credit union pursuant to its by-laws. Member votes are also required to ratify decisions dealing with reorganizations as in the case of merger or dissolution.

Form 990, Part VI, Section B, Line 11B

The form 990 is prepared by the organization's public accounting firm based on information provided by management. Once the draft is available, it is reviewed by management and any changes incorporated into the filing prior to filing with the irs. The board of directors do not receive a copy prior to filing.

Form 990, Part VI, Section B, Line 12C

Per the credit union's conflict of interest policy, directors, volunteers and employees are required to disclose their interests that could give rise to conflicts of interest. The policy was most recently reviewed and approved by the board of directors on february 25, 2016. For the enforcement of the conflict of interest policy, the vp of risk management reviews account activity for all directors, volunteers, and employees and their interests. In addition, the accounts payable system is reviewed to ensure propriety of any potential conflicts of interest as applicable. The credit union also maintains a policy that no immediate family members of the board of directors or supervisory committee members may become employees of the credit union until two years have elapsed since their volunteer service with the credit union ended. The credit union does allow directors, volunteers and employees to apply for loans that the credit union offers to its membership. All loan applications for vice-presidents and above, volunteers and board members require the approval of the board of directors. Directors are restricted from participating in the deliberations and voting in a transaction that pertains to them.

Form 990, Part VI, Section B, Line 15

The compensation of the ceo is determined by the compensation committee of the credit union, who use comparability data to determine the appropriate compensation. Compensation is documented in the hr software and the review process was last completed during 2019. All vp positions and above are reviewed for market place compensation and salary ranges are recommended for adjustment based on survey information. The ceo approves the recommendation for salary structure change. After a performance review is written and rating is determined, a merit increase is determined by the performance level as long as the salary remains in the range. The recommendation for merit increase is approved overall by the individual department vp or evp. The overall group is approved by the ceo. The annual review was last performed during 2019 and documented in the hr software.

Form 990, Part VI, Section C, Line 19

Governing documents and conflict of interest policy are not made available to the public. Financial statements are posted in the branch offices monthly.

Filing and Contact Details

Filer

Filer Name
Keypoint Credit Union
EIN
94-2600376
Phone
4087314100
Address
2805 BOWERS AVENUE, SANTA CLARA, CA 95051

Signing Officer

Name
Trent Mcilhaney
Title
CFO
Phone
4087314100
Signed
2020-11-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
T Bradford Canfield
Formed
1979
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
232
Volunteers
12

Preparer

Firm
Cliftonlarsonallen Llp
Address
20 EAST THOMAS ROAD SUITE 2300, PHOENIX, AZ 85012
Preparer
Mary C Green
Phone
6022662248
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Debit and credit card fees 1,193,509. Home banking fees 586,802. Other outside services 2,446,041.

Part XII, Line 2C

The process has not changed from the prior year.

Financial Statement Notes

PART IV, LINE 2B:

Custodial accounts for fhlb program loan servicer and escrow account related to hazard insurance and property tax on mortgage loan properties.

PART X, LINE 2:

The credit union is exempt, under irc 501(c)(14), from federal and state income taxes. The credit union has filed tax returns in the past for activities it has deemed taxable that have resulted in no taxes paid. The taxing authorities have the ability to assess taxes, penalties, and interest for any years for which no tax return was filed. In the opinion of management, any liability resulting from taxing authorities imposing income taxes on the net taxable income from activities potentially deemed to be unrelated to the credit union's exempt purpose is not expected to have a material effect on the credit union's financial position or results of operations. The credit union evaluated its tax positions and determined no uncertain tax positions exist as of december 31, 2019. The credit union's 2016 through 2018 tax years are open for examination by federal and state taxing authorities.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm8GINA CORDERO
IRS990/Form990PartVIISectionAGrp/PersonNm9MICHELLE MURPHY
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IRS990/Form990PartVIISectionAGrp/PersonNm12EATAN VIJAN
IRS990/Form990PartVIISectionAGrp/PersonNm13VICTOR SMILGYS
IRS990/Form990PartVIISectionAGrp/PersonNm14MARSHA BERLINSKI
IRS990/Form990PartVIISectionAGrp/PersonNm15JUDITH SEPIK
IRS990/Form990PartVIISectionAGrp/PersonNm16BELINDA BLAIR
IRS990/Form990PartVIISectionAGrp/PersonNm17JEFF AANA
IRS990/Form990PartVIISectionAGrp/PersonNm18MICHAEL IVEZIC
IRS990/Form990PartVIISectionAGrp/PersonNm19DORON NOYMAN
IRS990/Form990PartVIISectionAGrp/PersonNm20ARIE ELKINS
IRS990/Form990PartVIISectionAGrp/PersonNm21TIMOTHY GREEN
IRS990/Form990PartVIISectionAGrp/PersonNm22JILLIAN BULWA
IRS990/Form990PartVIISectionAGrp/PersonNm23GREGORY EBY
IRS990/Form990PartVIISectionAGrp/PersonNm24JOHN TOM
IRS990/Form990PartVIISectionAGrp/PersonNm25ROBERT LERNER
IRS990/Form990PartVIISectionAGrp/PersonNm26GARY GARCIA
IRS990/Form990PartVIISectionAGrp/PersonNm27BALJINDER SANDHU
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IRS990/Form990PartVIISectionAGrp/PersonNm30BUNNINDER FALAK
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt310
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt260
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt270
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt280
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt290
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt310
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHIEF LENDING OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt2CHIEF INFORMATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHIEF HUMAN RESOURCES OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHIEF FINANCE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SVP COMMERCIAL BANKINGS
IRS990/Form990PartVIISectionAGrp/TitleTxt6SR MORTGAGE LOAN OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt7VP FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt8MORTGAGE LOAN MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR SALES & RE LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt10CHIEF RETAIL OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt11VP CORPORATE ADMIN
IRS990/Form990PartVIISectionAGrp/TitleTxt12FINANCIAL ADVISOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP IT ESERVICES
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP RE LENDING
IRS990/Form990PartVIISectionAGrp/TitleTxt15VP RETAIL OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR COM SALES & ORIGINATION
IRS990/Form990PartVIISectionAGrp/TitleTxt18VP RISK MANAGEMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP SALES & DEV
IRS990/Form990PartVIISectionAGrp/TitleTxt20VP IT INFRASTRUCTURE
IRS990/Form990PartVIISectionAGrp/TitleTxt21CHIEF FINANCE OFFICER (LEFT 02/19)
IRS990/Form990PartVIISectionAGrp/TitleTxt22VP TRAINING & DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt27CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt28VICE CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt29SECRETARY & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt30DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt31DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/Form990TFiledInd01
IRS990/FormationYr01979
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GainOrLossGrp/SecuritiesAmt0104502
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt05000
IRS990/GrantsToDomesticOrgsGrp/TotalAmt08500
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt025651316
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
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IRS990/InvestmentInJointVentureInd00
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt011568482
IRS990/InvestmentsPubTradedSecGrp/BOYAmt0146605940
IRS990/InvestmentsPubTradedSecGrp/EOYAmt0150208864
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt025546814
IRS990/LessRentalExpensesGrp/RealAmt0166970
IRS990/LoanOutstandingInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0KEYPOINT CREDIT UNION IS A COOPERATIVE, ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AND SAVINGS AMONG ITS MEMBERS, CREATING A SOURCE OF CREDIT FOR THEM AT COMPETITIVE RATES OF INTEREST, AND PROVIDING AN OPPORTUNITY FOR THEM TO USE AND CONTROL THEIR OWN MONEY ON A DEMOCRATIC BASIS IN ORDER TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. AS A COOPERATIVE, KEYPOINT CREDIT UNION CONDUCTS ITS BUSINESS FOR THE MUTUAL BENEFIT AND GENERAL WELFARE OF ITS MEMBERS WITH THE EARNINGS, SAVINGS, BENEFIT, OR SERVICE OF THE CREDIT UNION BEING DISTRIBUTED TO ITS MEMBERS AS PATRONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0140000000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0129000000

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1,602$1,487$116$80.3$76.3$4.05
2023Detailed filing. Detailed filing data is available for this year.$1,680$1,571$109$75.9$70.5$5.46
2022Detailed filing. Detailed filing data is available for this year.$1,807$1,690$117$69.3$62.5$6.80
2021Detailed filing. Detailed filing data is available for this year.$1,639$1,504$136$79.3$51.4$27.9
2020Detailed filing. Detailed filing data is available for this year.$1,497$1,382$114$51.3$48.8$2.47
2019Detailed filing. Detailed filing data is available for this year.$1,295$1,187$109$56.0$52.5$3.51
2018Detailed filing. Detailed filing data is available for this year.$1,287$1,186$102$60.1$52.1$7.91
2017Detailed filing. Detailed filing data is available for this year.$1,201$1,106$94.8$48.9$44.0$4.91
2016Detailed filing. Detailed filing data is available for this year.$1,071$981$90.3$44.7$36.6$8.10
2015Detailed filing. Detailed filing data is available for this year.$1,007$923$84.0$42.0$35.7$6.31
2014Detailed filing. Detailed filing data is available for this year.$939$861$78.3$39.7$33.3$6.36
2013Detailed filing. Detailed filing data is available for this year.$866$797$69.2$34.3$30.0$4.31
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$786$719$67.0$30.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$752$687$65.0$33.6
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$739$678$61.5$36.1