Sep, 30, 2025 — MYPOINT CREDIT UNION is a federally insured state chartered credit union headquartered in SAN DIEGO, CA with 7 branch locations and about $645.87 million in total assets. Opened 78 years ago in 1948, MYPOINT CREDIT UNION has about 27,200 members and employs 128 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MYPOINT CREDIT UNION |
|---|---|
| Address: (Main Office) | 9420 Farnham St SAN DIEGO, CA 92123 |
| Phone: | (888) 495-3400 |
| Fax: | (858) 495-3416 |
| Website: | https://www.mypointcu.com |
| Branches: | 7 branch locations |
| Members: | 27,200 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68377 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1948 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $645,872,954 |
| CEO/Manager: | Matt Rhead |
| Chairperson: | Jane White |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,516,306 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 449,062,740 |
| Unsecured Loans | 30,131,753 |
| Other Loans | 58,742,075 |
| TOTAL LOANS | 538,015,246 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -1,496,113 |
| Land And Building | 4,320,369 |
| Other Fixed Assets | 1,852,651 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,217,071 |
| All Other Assets | 30,012 |
| TOTAL ASSETS | 645,872,954 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 763,968 |
| Notes & Interest Payable | 25,000,000 |
| Accounts Payable & Other Liabilities | 7,721,719 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 184,416,708 |
| Regular shares | 140,725,805 |
| All Other Shares & Deposits | 229,931,406 |
| TOTAL SHARES & DEPOSITS | 555,073,920 |
| TOTAL LIABILITIES | 588,559,607 |
| Regular Reserve | 0 |
| Other Reserves | 0 |
| Undivided Earnings | 57,313,347 |
| TOTAL EQUITY | 57,313,347 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 645,872,954 |
| INCOME & EXPENSE | |
| Loan Income | 18,729,951 |
| Investment Income | 1,651,086 |
| Other Income | 2,475,903 |
| Total Employee Compensation & Benefits | 9,624,739 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 7,773,644 |
| Non-operating Income & (Expense) | 15,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 384,513 |
| Cost of Funds | 5,631,768 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 544,722 |
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