Overview
What is Point West Credit Union?
Point West Credit Union is a nonprofit financial institution situated in Portland, Oregon, specifically at 5257 NE MLK JR BLVD SUITE 301. Its primary purpose is to serve its members by providing various credit union activities, such as lending, deposit products, and fee services. The credit union's mission is to foster thrift among its members, offering them an opportunity to accumulate savings, access credit at reasonable rates, and manage their money to enhance their economic and social condition. Point West Credit Union employs a workforce of 25 individuals, dedicated to maintaining the financial integrity of the credit union while benefiting its members.
Official website here: www.pointwestcu.com
Is Point West Credit Union legitimate?
Point West Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Point West Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $531,632
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,375,226
For more financial information, click here
Official website here: www.pointwestcu.com
What is the mission statement of Point West Credit Union?
Point West Credit Union's mission is centered around serving its members efficiently. The primary objective is to encourage savings among its members and provide them with a reliable source of credit at reasonable interest rates. Furthermore, the credit union offers its members the opportunity to manage and utilize their funds effectively, aiming to improve their financial and social standing. Regular credit union activities, such as lending, deposit products, and fee services, are carried out to achieve these goals, maintaining the financial integrity of the institution.
Official website here: www.pointwestcu.com
Who is the CEO of Point West Credit Union?
Amy Nelson is the CEO of Point West Credit Union The CEO's salary of Point West Credit Union is $198,250 and their total compensation is $213,810.
Official website here: www.pointwestcu.com
What is the revenue of Point West Credit Union?
Point West Credit Union's revenue in 2023 was $6,329,547.
Official website here: www.pointwestcu.com
Who are the executives of Point West Credit Union and what are their salaries?
The average compensation at Point West Credit Union during 2023 was $76,274. There are 25 employees and 12 volunteers at Point West Credit Union.
Here are 14 key members and their salaries (Point West Credit Union's CEO's salary is $198,250 and their total compensation is $213,810):
- Compensation: $198,250
- Related: $0
- Other: $15,560
- Compensation: $155,002
- Related: $0
- Other: $10,776
- Compensation: $140,404
- Related: $0
- Other: $11,640
- Compensation: $117,301
- Related: $0
- Other: $8,950
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pointwestcu.com
Where can I find the form 990 for Point West Credit Union?
Point West Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.pointwestcu.com
Learn more at the official website: www.pointwestcu.com
Mission Statement of Point West Credit Union
Point West Credit Union, in its mission, seeks to encourage thrift among its members by providing them with a platform for saving and accumulating funds. This organization offers its members the opportunity to access credit at reasonable and fair interest rates. Furthermore, Point West Credit Union empowers its members by allowing them to utilize and manage their own money, with the ultimate goal of improving their economic and social conditions. The credit union carries out its activities with the primary objective of benefiting its members and preserving its financial integrity, encompassing various credit, deposit, and fee services.
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Impact
October, 2024
Point West Credit Union impacts its members and the wider community by facilitating financial empowerment and stability. By offering a range of services—such as lending, deposit products, and fee services—it ensures members have access to the tools necessary for managing their finances effectively.
The credit union actively promotes thrift among its members, encouraging savings and responsible financial habits. This focus on accumulation of savings not only helps individuals better their economic conditions but also fosters a sense of community as members work together to support one another's financial goals.
Additionally, Point West Credit Union provides credit at fair and reasonable rates, enabling members to finance essential needs without falling into debt traps associated with predatory lending practices. This commitment to responsible lending contributes to enhanced social conditions among its members, ultimately strengthening the community in Portland, Oregon.
Through its foundational mission, Point West Credit Union not only serves individual members but also plays a vital role in promoting economic stability and community well-being.
This information is meant to be a general summary of Point West Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $477,649
- Program Service Revenue: $5,826,419
- Gross Receipts: $6,329,547
Assets and Liabilities:
- Total Assets: $107,931,239
- Total Liabilities: $97,503,417
- Net Assets: $10,427,822
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST ON LOANS
Revenue
$4,785,076
SERVICE CHARGES & FEES
Revenue
$942,268
OTHER NONINTEREST INC
Revenue
$99,075
Organization Details
Founding Year
1933
Principal Officer
Sarah Fergason
Website
www.pointwestcu.comNTEE Category
Code: W60 - Public benefit
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