Overview
What is My Point Credit Union?
My Point Credit Union is a financial institution based in San Diego, California, with an address at 9425 Farnham Street, ZIP code 92123. The credit union offers competitive savings and checking products to its 28,509 members, collectively managing over $557 million in accounts. With a team of 126 employees, My Point Credit Union focuses on providing members with attractive savings dividends, comprehensive services, affordable loan rates, and reduced fees, all while maintaining financial responsibility and stability.
Official website here: www.mypointcu.com
Is My Point Credit Union legitimate?
My Point Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. My Point 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: $3,508,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,507,448
For more financial information, click here
Official website here: www.mypointcu.com
What is the mission statement of My Point Credit Union?
My Point Credit Union is dedicated to collaborating with its members to help them reach their financial objectives. The credit union's mission prioritizes both member satisfaction and financial responsibility to ensure security and stability. My Point Credit Union offers its members competitive savings dividends, a wide range of services, lower loan rates, and reduced fees. With a strong commitment to financial prudence, the credit union holds a substantial amount of funds in various account types. As of December 31, 2022, the credit union managed 32,764 savings accounts, 22,277 checking accounts, 3,457 money market accounts, 2,431 share certificates, and 1,421 IRA certificates, totalling $557,542,720 in assets. The membership base consists of 28,509 individuals.
Official website here: www.mypointcu.com
Who is the CEO of My Point Credit Union?
Jane M White is the Treasurer of My Point Credit Union. The CEO's salary of My Point Credit Union is $651,847 and their total compensation is $688,093.
Official website here: www.mypointcu.com
What is the revenue of My Point Credit Union?
My Point Credit Union's revenue in 2022 was $24,561,685.
Official website here: www.mypointcu.com
Who are the executives of My Point Credit Union and what are their salaries?
The average compensation at My Point Credit Union during 2022 was $79,490. There are 126 employees and 14 volunteers at My Point Credit Union.
Here are 19 key members and their salaries (My Point Credit Union's CEO's salary is $651,847 and their total compensation is $688,093):
- Compensation: $651,847
- Related: $0
- Other: $36,246
- Compensation: $321,765
- Related: $0
- Other: $38,180
- Compensation: $324,353
- Related: $0
- Other: $34,049
- Compensation: $312,300
- Related: $0
- Other: $33,979
- Compensation: $224,397
- Related: $0
- Other: $56,365
- Compensation: $230,531
- Related: $0
- Other: $16,720
- Compensation: $232,622
- Related: $0
- Other: $11,872
- Compensation: $214,135
- Related: $0
- Other: $25,828
- Compensation: $180,689
- Related: $0
- Other: $13,403
- Compensation: $158,367
- Related: $0
- Other: $34,816
- Compensation: $162,709
- Related: $0
- Other: $19,826
- Compensation: $164,722
- Related: $0
- Other: $8,559
- 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.mypointcu.com
Where can I find the form 990 for My Point Credit Union?
My Point Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mypointcu.com
Learn more at the official website: www.mypointcu.com
Mission Statement of My Point Credit Union
My Point Credit Union, with a commitment to collaboration, aims to help its members attain their financial objectives while maintaining fiscal responsibility for their safety and stability. The credit union offers its members competitive savings dividends, a range of enhanced services, preferential loan rates, and reduced fees.
My Point Credit Union's dedication to its members' financial growth is evident in its diverse deposit product offerings. As of December 31, 2022, the credit union managed 32,764 savings accounts, 22,277 checking accounts, 3,457 money market accounts, 2,431 share certificates, and 1,421 IRA certificates, totaling $557,542,720 in assets. With a membership of 28,509, My Point Credit Union continues to expand its reach and provide attractive financial solutions to a growing number of individuals.
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Impact
October, 2024
My Point Credit Union significantly enhances the financial well-being of its members by offering higher savings dividends, competitive loan rates, and reduced service fees. This commitment to providing cost-effective financial products is evident in its substantial member base, which includes over 28,500 individuals holding various account types.
As of December 31, 2022, My Point Credit Union managed a total of 62,350 accounts, amounting to over $557 million in deposits. These accounts include 32,764 savings accounts, 22,277 checking accounts, and specialized products like money market accounts, share certificates, and IRA certificates, showcasing the credit union's diverse offerings that cater to various financial needs.
Located in San Diego, CA, My Point Credit Union's mission focuses on collaboratively helping members achieve their financial goals while ensuring a sound financial strategy. This cooperative approach fosters a supportive community, enhancing the overall financial health of its members and contributing positively to the local economy.
This information is meant to be a general summary of My Point 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 2022.
- Program Service Revenue: $24,561,685
- Gross Receipts: $24,561,685
Assets and Liabilities:
- Total Assets: $686,854,759
- Total Liabilities: $631,974,539
- Net Assets: $54,880,220
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Interest from Loans
Revenue
$16,554,988
Fee Income
Revenue
$4,432,813
Investment Income
Revenue
$2,822,246
Non-Operating Gain
Revenue
$751,638
Organization Details
Founding Year
1948
Phone
(858) 495-3400Principal Officer
Jane M White
Main Address
9420 Farnham Street, San Diego, CA, 92123
Website
www.mypointcu.comNTEE Category
Code: W60 - Public benefit
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