2022-08-31T16:59:19-07:00 2021-12-31 990 2021-01-01 951679450 MY POINT CREDIT UNION MYPO 8584953400 9420 Farnham Street San Diego CA 92123 Matthew Rhead SVP-Finance/CFO 8584953400 2022-08-31 1 11 0 AAL2 2021 2023-04-26 12:10:37Z MY POINT CREDIT UNION 9420 FARNHAM STREET SAN DIEGO CA 92123 22582888 0 X www.mypointcu.com X Credit Union 1948 CA MyPoint Credit Union provides its members with higher saving dividends, enhanced services, lower loan rates, and reduced service fees. 7 7 124 14 0 0 0 0 26409274 22582888 0 0 0 0 26409274 22582888 0 0 0 0 10928335 11158079 0 0 0 11004709 8976179 21933044 20134258 4476230 2448630 619243793 682208293 569155761 629671630 50088032 52536663 We are committed to working together to help our members achieve their financial goals, while being financially prudent to assure safety and soundness. 0 0 MyPoint Credit Union provides its membership competitively priced deposit products. As of 12/31/21, the credit union held 33,342 savings accounts, 23,415 checking accounts, 3,614 money market accounts, 2,473 share certificates, and 1,539 IRA certificates in the amount of $175,822,430, $193,258,595, $120,977,336, $70,415,746 and $13,009,818 respectively. In total, the credit union held 64,383, accounts in the amount of $573,483,925 with a membership of 29,032. MyPoint 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. MyPoint 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. 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5516 0 124 1 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 0 1 1 0 1 1 0 1 0 0 1 1 1 0 0 CA X MyPoint Credit Union 8584953400 9420 Farnham Street San Diego CA 92123 David R Brooke President/CEO 40 0 X 506259 0 34850 Matthew Mower SVP/CIO 40 X 274572 0 36123 Peter Butler SVP/COO 40 X 267479 0 42081 Matthew Rhead SVP/CFO 40 X 261385 0 35750 Michael Kim VP/Lending 40 X 189441 0 41970 Christopher Crockett VP/Retail Operations 40 X 196265 0 19878 Janet Mainenti VP/HR 40 X 195099 0 11780 Laura Carpanzano Director of Business Lending 40 X 156133 0 26222 Heather Dueitt VP/Marketing 40 X 160843 0 18815 Nicole Henderson Controller 40 X 141918 0 36141 Michael Alvarado Senior Operations Analyst 40 X 132885 0 27455 Debbie Clow Project Manager 40.00 X 124381 0 30738 Salvatore J Lupo Chairman 10 X 0 0 0 Malcom C McCollum Vice Chairman 10 X 0 0 0 Jane M White Treasurer 10 X 0 0 0 Mark R Moeller Secretary 10 X 0 0 0 Steven R Auguston Director 10 X 0 0 0 Jeffery M Goecke Directory 10 X 0 0 0 Linda O Stay Director 10 X 0 0 0 2606660 0 361803 19 0 1 0 6 0 Interest from Loans 522130 15238812 15238812 0 0 Fee Income 522130 4179056 4179056 0 0 Investment Income 522130 1151281 1151281 0 0 Non-Operating Gain 522130 2013739 2013739 0 0 0 0 0 0 22582888 0 0 0 0 0 22582888 22582888 0 0 0 0 0 0 2968464 0 6407659 456478 651060 674418 117165 -214 60275 0 0 0 0 386726 571854 1881324 0 1142269 11287 0 163350 288554 0 1001901 214705 Dividend to Members 1413062 Provision for Loan Losses -618165 Operation Expenses 2080676 261410 20134258 0 0 0 58781105 110183640 0 0 14413298 14530698 0 0 429285419 451580022 1054038 1158161 17902347 12498593 6099125 5403754 0 0 98469958 85842091 0 11140850 13509927 619243793 682208293 25804088 22118481 425287 352120 542926386 607201029 569155761 629671630 X 0 0 0 0 50088032 52536663 50088032 52536663 619243793 682208293 2448630 0 0 0 1 0 X 0 1 X 1 0 1 312579 15553965 15487247 379297 1 X 0 1715651 1715651 0 5279917 3151047 2128870 0 1559900 1183894 376006 0 9346879 8163652 1183227 0 0 0 0 5403754 GSE bonds 85842091 C 85842091 Member Shares and Deposits 607201029 607201029 22582888 0 0 0 0 0 22582888 0 0 0 22582888 20134258 0 0 0 0 0 20134258 0 0 0 20134258 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. X 1 1 X X X 0 0 0 David R Brooke President/CEO 420411 0 46411 0 39437 0 22654 0 12196 0 541109 0 Peter Butler SVP/COO 241005 0 17601 0 8873 0 13676 0 28405 0 309560 0 Matthew Rhead SVP/CFO 235493 0 17194 0 8699 0 13280 0 22470 0 297136 0 Matthew Mower SVP/CIO 241586 0 17600 0 15386 0 12765 0 23358 0 310695 0 Michael Kim VP/Lending 185764 0 10551 0 3462 0 9963 0 21671 0 231411 0 Christopher Crockett VP/Retail Operations 181830 0 10328 0 4107 0 7392 0 12486 0 216143 0 Janet Mainenti VP/HR 180550 0 10203 0 4346 0 9280 0 2500 0 206879 0 Laura Carpanzano Director of Business Lending 155000 0 6982 0 0 0 8010 0 12363 0 182355 0 Heather Dueitt VP/Marketing 151709 0 8463 0 700 0 8131 0 10655 0 179658 0 Nicole Henderson Controller 146133 0 6885 0 0 0 7599 0 17442 0 178059 0 Michael Alvarado Senior Operations Analyst 108732 0 3636 0 20517 0 5944 0 21511 0 160340 0 Debbie Clow Project Manager 123963 0 6131 0 0 0 1321 0 23784 0 155199 0 Schedule J, Part I, Line 1a Schedule J, Part I, Line 1a - Officials are reimbursed for their business expenses including those of one spouse/guest. Reimbursement will be for all reasonable expenses (i.e. travel, meals, lodging, and conference registration) in compliance with the Internal Revenue Service Code and credit union rules and regulations. 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.