Dec, 31, 2023 — POINT WEST CREDIT UNION is a federally insured state chartered credit union headquartered in PORTLAND, OR with 1 branch location and about $109.83 million in total assets. Opened 90 years ago in 1934, POINT WEST CREDIT UNION has about 8,905 members and employs 27 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | POINT WEST CREDIT UNION |
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Address: (Main Office) | 5257 NE M L King Blvd Ste 301 PORTLAND, OR 97211-3283 |
Phone: | (503) 546-5000 |
Fax: | (503) 546-5013 |
Website: | https://www.pointwestcu.com |
Branches: | 1 branch locations |
Members: | 8,905 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 63971 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $109,829,448 |
CEO/Manager: | Amy Nelson |
Chairperson: | Pete Hand |
ASSETS: | $ Amount |
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Cash & Equivalents | 6,821,181 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 44,119,532 |
Unsecured Loans | 8,281,554 |
Other Loans | 32,067,069 |
TOTAL LOANS | 84,468,155 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -562,985 |
Land And Building | 1,980,649 |
Other Fixed Assets | 301,176 |
NCUSIF Deposit | 953,144 |
All Other Assets | 71,892 |
TOTAL ASSETS | 109,829,448 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 411,710 |
Accounts Payable & Other Liabilities | 3,963,043 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 800,000 |
Share Drafts | 32,121,014 |
Regular shares | 33,714,933 |
All Other Shares & Deposits | 27,967,430 |
TOTAL SHARES & DEPOSITS | 93,803,378 |
TOTAL LIABILITIES | 98,978,131 |
Regular Reserve | 0 |
Other Reserves | -2,317 |
Undivided Earnings | 10,853,634 |
TOTAL EQUITY | 10,851,317 |
TOTAL LIABILITIES, SHARES, & EQUITY | 109,829,448 |
INCOME & EXPENSE | |
Loan Income | 4,780,146 |
Investment Income | 468,346 |
Other Income | 985,704 |
Total Employee Compensation & Benefits | 2,263,345 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,838,496 |
Non-operating Income & (Expense) | 0 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 218,321 |
Cost of Funds | 547,940 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 435,965 |
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