Civic Intelligence

Point Loma Credit Union

990 • Fiscal year 2021 • EIN 95-1679450

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 31, 2022

Organization Profilewww.mypointcu.com

View Organization Page

9420 Farnham StreetSan Diego, CA 92123

(858) 495-3400

Siviq Scores

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

Liabilities / Assets

88th percentile

0.92x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

27.88x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Net Margin

19th percentile

11%

Higher net margin than 19% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Top Officer Pay

77th percentile

$541,109

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Source year 2021

Asset Growth

42nd percentile

10%

Faster asset growth than 42% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Revenue Growth

2nd percentile

-14%

Faster revenue growth than 2% of similar nonprofits.

2021 filings • 501(c)14 • $250M-$1B nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

Up

$682,208,293

Up $62,964,500 (+10%) from 2020

Net Assets

Up

$52,536,663

Up $2,448,631 (+4.9%) from 2020

Liabilities

Up

$629,671,630

Up $60,515,869 (+11%) from 2020

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin19th percentile

Revenue

Down

$22,582,888

Down $3,826,386 (-14%) from 2020

Expenses

Down

$20,134,258

Down $1,798,786 (-8.2%) from 2020

Net Income

Down

$2,448,630

Down $2,027,600 (-45%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth42nd percentile

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

$800M$600M$400M$200M$0Assets 2010: $465,005,119Liabilities 2010: $433,675,308Net Assets 2010: $31,329,8112010Assets 2011: $442,196,449Liabilities 2011: $414,028,623Net Assets 2011: $28,167,8262011Assets 2012: $439,495,029Liabilities 2012: $409,261,575Net Assets 2012: $30,233,4542012Assets 2013: $436,888,761Liabilities 2013: $405,658,197Net Assets 2013: $31,230,5642013Assets 2014: $437,072,884Liabilities 2014: $403,543,413Net Assets 2014: $33,529,4712014Assets 2015: $453,667,561Liabilities 2015: $417,831,120Net Assets 2015: $35,836,4412015Assets 2016: $478,909,142Liabilities 2016: $439,696,329Net Assets 2016: $39,212,8132016Assets 2017: $495,469,345Liabilities 2017: $453,858,136Net Assets 2017: $41,611,2092017Assets 2018: $495,013,898Liabilities 2018: $450,790,997Net Assets 2018: $44,222,9012018Assets 2019: $527,832,346Liabilities 2019: $482,220,544Net Assets 2019: $45,611,8022019Assets 2020: $619,243,793Liabilities 2020: $569,155,761Net Assets 2020: $50,088,0322020Assets 2021: $682,208,293Liabilities 2021: $629,671,630Net Assets 2021: $52,536,6632021Assets 2022: $686,854,759Liabilities 2022: $631,974,539Net Assets 2022: $54,880,2202022Assets 2023: $657,682,402Liabilities 2023: $601,943,730Net Assets 2023: $55,738,6722023Assets 2024: $650,872,505Liabilities 2024: $594,103,881Net Assets 2024: $56,768,6242024

Highlighted filing

2021

Assets$682,208,293
Liabilities$629,671,630
Net Assets$52,536,663
Open 2021 Filing

Operations Trend

Revenue Growth2nd percentile

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

$40M$30M$20M$10M$0Expenses 2010: $28,657,4342010Expenses 2011: $26,266,7452011Expenses 2012: $18,556,8962012Revenue 2013: $18,338,388Expenses 2013: $17,341,278Net Income 2013: $997,1102013Revenue 2014: $17,678,251Expenses 2014: $15,379,344Net Income 2014: $2,298,9072014Revenue 2015: $18,259,420Expenses 2015: $15,952,450Net Income 2015: $2,306,9702015Revenue 2016: $19,944,202Expenses 2016: $16,567,830Net Income 2016: $3,376,3722016Revenue 2017: $21,456,187Expenses 2017: $19,057,791Net Income 2017: $2,398,3962017Revenue 2018: $22,767,803Expenses 2018: $20,156,111Net Income 2018: $2,611,6922018Revenue 2019: $23,646,383Expenses 2019: $22,257,482Net Income 2019: $1,388,9012019Revenue 2020: $26,409,274Expenses 2020: $21,933,044Net Income 2020: $4,476,2302020Revenue 2021: $22,582,888Expenses 2021: $20,134,258Net Income 2021: $2,448,6302021Revenue 2022: $24,561,685Expenses 2022: $22,218,127Net Income 2022: $2,343,5582022Revenue 2023: $28,485,147Expenses 2023: $27,626,695Net Income 2023: $858,4522023Revenue 2024: $30,712,664Expenses 2024: $29,682,711Net Income 2024: $1,029,9532024

Highlighted filing

2021

Revenue$22,582,888
Expenses$20,134,258
Net Income$2,448,630
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 31, 2022
Return Version
2021v4.0
Gross Receipts
$22,582,888
Mission and Program Overview

Mission

We are committed to working together to help our members achieve their financial goals, while being financially prudent to assure safety and soundness.

MyPoint Credit Union provides its members with higher saving dividends, enhanced services, lower loan rates, and reduced service fees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$429,285,419$451,580,022▲ $22,294,603
Cash and Non-Interest-Bearing Accounts$58,781,105$110,183,640▲ $51,402,535
Investments Program Related$98,469,958$85,842,091▼ $12,627,867
Rtn Earn Endowment Incm Other Fnds$50,088,032$52,536,663▲ $2,448,631
Accounts Receivable$14,413,298$14,530,698▲ $117,400
Land, Buildings, and Equipment, Net$6,099,125$5,403,754▼ $695,371
Prepaid Expenses and Deferred Charges$1,054,038$1,158,161▲ $104,123
Savings and Temporary Cash Investments-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Total Assets$619,243,793$682,208,293▲ $62,964,500
Other Assets Total$11,140,850$13,509,927▲ $2,369,077
Liabilities
Other Liabilities$542,926,386$607,201,029▲ $64,274,643
Accounts Payable and Accrued Expenses$25,804,088$22,118,481▼ $3,685,607
Escrow Account Liability$425,287$352,120▼ $73,167
Total Liabilities$569,155,761$629,671,630▲ $60,515,869
Net Assets / Fund Balance
Total Net Assets Fund Balance$50,088,032$52,536,663▲ $2,448,631
Total Liabilities and Net Assets / Fund Balance$619,243,793$682,208,293▲ $62,964,500

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,183,227$8,163,652$9,346,879
Buildings$2,128,870$3,151,047$5,279,917
Land$1,715,651-$1,715,651
Leasehold Improvements$376,006$1,183,894$1,559,900
Investment Program Related Org$85,842,091--
Other Land Buildings$0$0$0
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David R BrookePresident/CEOFT$420,411$120,698$541,109
Matthew MowerSVP/CIOFT$241,586$69,109$310,695
Peter ButlerSVP/COOFT$241,005$68,555$309,560
Matthew RheadSVP/CFOFT$235,493$61,643$297,136
Michael KimVP/LendingFT$185,764$45,647$231,411
Christopher CrockettVP/Retail OperationsFT$181,830$34,313$216,143
Janet MainentiVP/hrFT$180,550$26,329$206,879
Laura CarpanzanoDirector of Business LendingFT$155,000$27,355$182,355
Heather DueittVP/MarketingFT$151,709$27,949$179,658
Nicole HendersonControllerFT$146,133$31,926$178,059
Michael AlvaradoSenior Operations AnalystFT$108,732$51,608$160,340
Debbie ClowProject ManagerFT$123,963$31,236$155,199

Board Members and Trustees

NameTitle
Salvatore J LupoChairman
Malcom C McCollumVice Chairman
Linda O StayDirector
Steven R AugustonDirector
Jeffery M GoeckeDirectory
Mark R MoellerSecretary
Jane M WhiteTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,582,888
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$2,448,630

Audited Revenue Reconciliation

Revenue per Audited Statements
$22,582,888
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$22,582,888
Total Revenue per Form 990
$22,582,888
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$11,158,079
Other Expenses$8,976,179
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$6,407,659
Current Officers, Directors, Trustees, and Key Employees---$2,968,464
Other Expenses---$2,080,676
Information Technology---$1,881,324
Occupancy---$1,142,269
Depreciation Depletion---$1,001,901
Payroll Taxes---$674,418
Other Employee Benefits---$651,060
Office Expenses---$571,854
Pension Plan Contributions---$456,478
Advertising---$386,726
Interest---$288,554
All Other Expenses---$261,410
Insurance---$214,705
Conferences and Meetings---$163,350
Fees for Services Management---$117,165
Fees for Services Accounting---$60,275
Travel---$11,287
Fees for Services Legal---$-214
Total Functional Expenses$0$0$0$20,134,258

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$20,134,258
Total Expenses per Audited Statements$20,134,258
Total Expenses per Form 990$20,134,258
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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 Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Deposits$607,201,029
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Form 990, Part VI, Section A, Line 6 - MyPoint Credit Union is owned by its members.”

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

“Form 990, Part VI, Section A, Line 7a - The credit union members elect the 7-member Board of Directors.”

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

“Form 990, Part VI, Section B, Line 11b - Form 990 was prepared by the Controller and reviewed for accuracy by the CFO.”

Form 990, Part VI, Section B, Line 15

“Form 990, Part VI, Section B, Line 15 - Upon analysis and recommendation of Executive Compensation Committee, the Board of Directors determines compensation of the CEO based on comparability data and performance evaluation. Contemporaneous minutes are recorded or Executive Compensation Committee and Board of Directors meetings during which CEO compensation is addressed. It's conducted annually.”

Form 990, Part VI, Section C, Line 19

“Form 990, Part VI, Section C, Line 19 - Upon request.”

Filing and Contact Details

Filer

Filer Name
My Point Credit Union
EIN
95-1679450
Phone
8584953400
Address
9420 Farnham Street, San Diego, CA 92123

Signing Officer

Name
Matthew Rhead
Title
SVP-Finance/CFO
Phone
8584953400
Signed
2022-08-31

Organization Details

Formed
1948
Legal Domicile
CA
Voting Board Members
7
Independent Board Members
7
Employees
124
Volunteers
14
Supplemental Narrative

Financial Statement Notes

Schedule D, Part IV, Line 1B

“Schedule D, Part IV, Line 1b - The credit union sold some of its mortgage loans to Fannie Mae, but continues to provide loan servicing. The mortgage payments are collected from the members and held in the custodial accounts until Fannie Mae transfers the funds.”

Schedule D, Part IV, Line 2B

“Schedule D, Part IV, Line 2b - The credit union collects funds from certain members with mortgage loans who opt for the establishment of escrow accounts. The funds are disbursed to pay property taxes and insurance premiums on behalf of the members.”

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IRS990/Form990PartVIISectionAGrp/PersonNm10Michael Alvarado
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/TitleTxt0President/CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1SVP/CIO
IRS990/Form990PartVIISectionAGrp/TitleTxt2SVP/COO
IRS990/Form990PartVIISectionAGrp/TitleTxt3SVP/CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt4VP/Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt5VP/Retail Operations
IRS990/Form990PartVIISectionAGrp/TitleTxt6VP/HR
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director of Business Lending
IRS990/Form990PartVIISectionAGrp/TitleTxt8VP/Marketing
IRS990/Form990PartVIISectionAGrp/TitleTxt9Controller
IRS990/Form990PartVIISectionAGrp/TitleTxt10Senior Operations Analyst
IRS990/Form990PartVIISectionAGrp/TitleTxt11Project Manager
IRS990/Form990PartVIISectionAGrp/TitleTxt12Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt13Vice Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt14Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt15Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Directory
IRS990/Form990PartVIISectionAGrp/TitleTxt18Director
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01948
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt022582888
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt019
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt01881324
IRS990/InsuranceGrp/TotalAmt0214705
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/TotalAmt0288554
IRS990/InvestmentExpenseAmt00
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt098469958
IRS990/InvestmentsProgramRelatedGrp/EOYAmt085842091
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt05516
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012498593
IRS990/LandBldgEquipBasisNetGrp/BOYAmt06099125
IRS990/LandBldgEquipBasisNetGrp/EOYAmt05403754
IRS990/LandBldgEquipCostOrOtherBssAmt017902347
IRS990/LegalDomicileStateCd0CA
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd01
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0We are committed to working together to help our members achieve their financial goals, while being financially prudent to assure safety and soundness.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt050088032
IRS990/NetAssetsOrFundBalancesEOYAmt052536663
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt01142269
IRS990/OfficeExpensesGrp/TotalAmt0571854
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt011140850
IRS990/OtherAssetsTotalGrp/EOYAmt013509927
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0651060
IRS990/OtherExpensesGrp/Desc0Dividend to Members
IRS990/OtherExpensesGrp/Desc1Provision for Loan Losses
IRS990/OtherExpensesGrp/Desc2Operation Expenses
IRS990/OtherExpensesGrp/TotalAmt01413062
IRS990/OtherExpensesGrp/TotalAmt1-618165
IRS990/OtherExpensesGrp/TotalAmt22080676
IRS990/OtherLiabilitiesGrp/BOYAmt0542926386
IRS990/OtherLiabilitiesGrp/EOYAmt0607201029
IRS990/OtherOrganizationDsc0Credit Union
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt06407659
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0429285419
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0451580022
IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/TotalAmt0674418
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt0456478
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliciesReferenceChaptersInd01
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01054038
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01158161
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0MY POINT CREDIT UNION
IRS990/PriorPeriodAdjustmentsAmt01
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522130
IRS990/ProgramServiceRevenueGrp/BusinessCd1522130
IRS990/ProgramServiceRevenueGrp/BusinessCd2522130
IRS990/ProgramServiceRevenueGrp/BusinessCd3522130
IRS990/ProgramServiceRevenueGrp/Desc0Interest from Loans
IRS990/ProgramServiceRevenueGrp/Desc1Fee Income
IRS990/ProgramServiceRevenueGrp/Desc2Investment Income
IRS990/ProgramServiceRevenueGrp/Desc3Non-Operating Gain
IRS990/ProgramServiceRevenueGrp/ExclusionAmt00
IRS990/ProgramServiceRevenueGrp/ExclusionAmt10
IRS990/ProgramServiceRevenueGrp/ExclusionAmt20
IRS990/ProgramServiceRevenueGrp/ExclusionAmt30
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt015238812
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14179056
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21151281
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32013739
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt015238812
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14179056
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21151281
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32013739
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt10
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt20
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0MyPoint Credit Union provides its membership competitive consumer loan programs including vehicle loans, unsecured loans, and a business loan program to help our local small businesses. The credit union funded 4,418 new consumer loans and 425 business loans in the amount of $112,929,955. As of 12/31/2021, the credit union held 16,643 consumer and business loans in the amount of $252,387,148.
IRS990/ProgSrvcAccomActy3Grp/Desc0MyPoint Credit Union offers a competitive mortgage loan program to make home ownership more affordable to its membership. In 2021, the credit union funded 425 new real estate loans including 1st and 2nd trust deed mortgages and home equity lines of credit, in the amount of $243,804,029. As of 12/31/21, the credit union held the total of 1,502 real estate loans in the amount of $322,991,008.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt011004709
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt026409274
IRS990/PYRevenuesLessExpensesAmt04476230
IRS990/PYSalariesCompEmpBnftPaidAmt010928335
IRS990/PYTotalExpensesAmt021933044
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt026409274
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt02448630
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt050088032
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt052536663
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AdditionsDuringYearAmt015553965
IRS990ScheduleD/AgentTrusteeEtcInd01
IRS990ScheduleD/BeginningBalanceAmt0312579
IRS990ScheduleD/BuildingsGrp/BookValueAmt02128870
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03151047
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05279917
IRS990ScheduleD/DistributionsDuringYearAmt015487247
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt00
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EndingBalanceAmt0379297
IRS990ScheduleD/EquipmentGrp/BookValueAmt01183227
IRS990ScheduleD/EquipmentGrp/DepreciationAmt08163652
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt09346879
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt020134258
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt085842091
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0GSE bonds
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/LandGrp/BookValueAmt01715651
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01715651
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0376006
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01183894
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01559900
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt00
IRS990ScheduleD/OtherExpensesIncludedAmt00

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$682,208,293
Liabilities
$629,671,630
Net assets
$52,536,663
Revenue
$22,582,888
Expenses
$20,134,258
Net income
$2,448,630
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$651$594$56.8$30.7$29.7$1.03
2023Detailed filing. Detailed filing data is available for this year.$658$602$55.7$28.5$27.6$0.86
2022Detailed filing. Detailed filing data is available for this year.$687$632$54.9$24.6$22.2$2.34
2021Detailed filing. Detailed filing data is available for this year.$682$630$52.5$22.6$20.1$2.45
2020Detailed filing. Detailed filing data is available for this year.$619$569$50.1$26.4$21.9$4.48
2019Summary only. Only limited summary data is available for this year.$528$482$45.6$23.6$22.3$1.39
2018Summary only. Only limited summary data is available for this year.$495$451$44.2$22.8$20.2$2.61
2017Summary only. Only limited summary data is available for this year.$495$454$41.6$21.5$19.1$2.40
2016Detailed filing. Detailed filing data is available for this year.$479$440$39.2$19.9$16.6$3.38
2015Detailed filing. Detailed filing data is available for this year.$454$418$35.8$18.3$16.0$2.31
2014Detailed filing. Detailed filing data is available for this year.$437$404$33.5$17.7$15.4$2.30
2013Detailed filing. Detailed filing data is available for this year.$437$406$31.2$18.3$17.3$1.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$439$409$30.2$18.6
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$442$414$28.2$26.3
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$465$434$31.3$28.7