Nonprofit · EIN 95-1679450
MY POINT CREDIT UNION
Also known as POINT LOMA CREDIT UNION
Tax-exempt · SAN DIEGO, CA 92123
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $30,712,664 | $29,682,711 | $1,029,953 | $650,872,505 | $594,103,881 | $56,768,624 |
| December 31, 2023 | 990 | $28,485,147 | $27,626,695 | $858,452 | $657,682,402 | $601,943,730 | $55,738,672 |
| December 31, 2021 | 990 | $22,582,888 | $20,134,258 | $2,448,630 | $682,208,293 | $629,671,630 | $52,536,663 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $30,712,664
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $4,079,955
- Other salaries and wages
- $6,430,052
- Salaries, compensation and benefits (total)
- $12,456,636
- Professional fundraising fees
- $0
- Legal fees
- $35,045
- Accounting fees
- $45,795
- Occupancy
- $1,044,084
- Travel
- $20,346
- Depreciation
- $1,188,271
Balance sheet and other
- Total assets, start of year
- $657,682,402
- Total assets, end of year
- $650,872,505
- Total liabilities, end of year
- $594,103,881
- Net assets, end of year
- $56,768,624
- Land, buildings and equipment
- $6,625,622
- Gross receipts
- $30,712,664
- Employees
- 125
- Volunteers
- 12
- Year formed
- 1948
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David R Brooke | President/CEO Former | 40 | $543,879 | $6,000 |
| Matthew Rhead | CEO Officer | 40 | $480,211 | $41,532 |
| Matthew Mower | SVP/CIO Officer | 40 | $354,433 | $37,513 |
| Peter Butler | SVP/COO Officer | 40 | $345,052 | $33,622 |
| Christopher Crockett | VP/Retail Operations Key employee | 40 | $249,296 | $21,419 |
| Janet Mainenti | VP/HR Key employee | 40 | $255,365 | $13,837 |
| Laura Carpanzano | Director of Business Lending Key employee | 40 | $236,196 | $30,531 |
| Nicole Henderson | Controller Highest-paid employee | 40 | $187,965 | $37,682 |
| Scott Norris | VP/Marketing Key employee | 40 | $194,402 | $28,553 |
| Pey-Shiuan Zavala | IT Director Highest-paid employee | 40 | $198,754 | $11,092 |
| Stephen Wallis | Director of Internal Audit Former | 40 | $173,706 | $16,742 |
| Deborah Clow | Project Manager Highest-paid employee | 40 | $158,356 | $27,581 |
| Michael Kim | VP/Lending Former | 40 | $155,948 | $24,372 |
| Andrea Johnson | Director of Member Support Services Highest-paid employee | 40 | $157,172 | $7,790 |
| Simeon Tabakov | CFO Officer | 40 | $50,955 | $843 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Jeffrey M Goecke | Vice Chair Trustee or director | 10 | $0 |
| Mark R Moeller | Treasurer Trustee or director | 10 | $0 |
| Jane M White | Chair Trustee or director | 10 | $0 |
| Linda O Stay | Secretary Trustee or director | 10 | $0 |
| Jo Anna Lamott | Director Trustee or director | 10 | $0 |
| Salvatore J Lupo | Director Trustee or director | 10 | $0 |
| Bryan T Hill | Director Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David R Brooke | President/CEO Officer | 40 | $652,918 | $46,360 |
| Matthew Mower | SVP/CIO Key employee | 40 | $336,476 | $37,134 |
| Peter Butler | SVP/COO Officer | 40 | $329,248 | $36,130 |
| Matthew Rhead | SVP/CFO Officer | 40 | $321,836 | $38,761 |
| Michael Kim | VP/Lending Key employee | 40 | $233,236 | $40,203 |
| Christopher Crockett | VP/Retail Operations Key employee | 40 | $242,497 | $18,596 |
| Laura Carpanzano | Director of Business Lending Highest-paid employee | 40 | $231,969 | $28,936 |
| Janet Mainenti | VP/HR Key employee | 40 | $243,778 | $14,510 |
| Nicole Henderson | Controller Highest-paid employee | 40 | $179,261 | $37,903 |
| Pey-Shiuan Zavala | IT Director Highest-paid employee | 40 | $193,394 | $10,009 |
| Stephen Wallis | Director of Internal Audit Highest-paid employee | 40 | $172,077 | $21,715 |
| Scott Norris | VP/Marketing Highest-paid employee | 40 | $159,008 | $24,807 |
| Jeffrey M Goecke | Chairman Trustee or director | 10 | $0 | $0 |
| Mark R Moeller | Vice Chairman Trustee or director | 10 | $0 | $0 |
| Jane M White | Treasurer Trustee or director | 10 | $0 | $0 |
| Linda O Stay | Secretary Trustee or director | 10 | $0 | $0 |
| Jo Anna Lamott | Director Trustee or director | 10 | $0 | $0 |
| Salvatore J Lupo | Director Trustee or director | 10 | $0 | $0 |
| Malcolm C McCollum | Director Trustee or director | 10 | $0 | $0 |
990 for the year ended December 31, 2021: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| David R Brooke | President/CEO Officer | 40 | $506,259 | $34,850 |
| Matthew Mower | SVP/CIO Key employee | 40 | $274,572 | $36,123 |
| Peter Butler | SVP/COO Officer | 40 | $267,479 | $42,081 |
| Matthew Rhead | SVP/CFO Officer | 40 | $261,385 | $35,750 |
| Michael Kim | VP/Lending Highest-paid employee | 40 | $189,441 | $41,970 |
| Christopher Crockett | VP/Retail Operations Key employee | 40 | $196,265 | $19,878 |
| Janet Mainenti | VP/HR Key employee | 40 | $195,099 | $11,780 |
| Laura Carpanzano | Director of Business Lending Highest-paid employee | 40 | $156,133 | $26,222 |
| Heather Dueitt | VP/Marketing Highest-paid employee | 40 | $160,843 | $18,815 |
| Nicole Henderson | Controller Highest-paid employee | 40 | $141,918 | $36,141 |
| Michael Alvarado | Senior Operations Analyst Highest-paid employee | 40 | $132,885 | $27,455 |
| Debbie Clow | Project Manager Highest-paid employee | 40 | $124,381 | $30,738 |
| Salvatore J Lupo | Chairman Trustee or director | 10 | $0 | $0 |
| Malcom C McCollum | Vice Chairman Trustee or director | 10 | $0 | $0 |
| Jane M White | Treasurer Trustee or director | 10 | $0 | $0 |
| Mark R Moeller | Secretary Trustee or director | 10 | $0 | $0 |
| Steven R Auguston | Director Trustee or director | 10 | $0 | $0 |
| Jeffery M Goecke | Directory Trustee or director | 10 | $0 | $0 |
| Linda O Stay | Director Trustee or director | 10 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 9420 FARNHAM STREET, SAN DIEGO, CA 92123-1359
- In care of
- % MY POINT CREDIT UNION
- Principal officer (990 for 2024)
- MyPoint Credit Union, 9420 Farnham Street, San Diego, CA 92123
- Signed the 990
- Simeon Tabakov, CFO
- Phone
- (858) 495-3400
- Website
- www.mypointcu.com
California records
California keeps its own records of charities and corporations. Search them by EIN 95-1679450 or by the name MY POINT CREDIT UNION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
We are committed to working together to help our members achieve their financial goals, while being financially prudent to assure safety and soundness.
Program accomplishments
- MyPoint Credit Union provides its membership competitively priced deposit products. As of 12/31/24, the credit union held 31,255 savings accounts, 21,256 checking accounts, 3,067 money market accounts, 3,788 share certificates, and 1,241 IRA certificates in the amount of $132,571,203, $174,017,168, $69,624,470, $166,618,876 and $13,261,555respectively. In total, the credit union held 60,607, accounts in the amount of $556,093,272 with a membership of 27,340
- 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 2,370 new loans in the amount of $120,283,399 As of 12/31/2024, the credit union held 15,211 consumer and business loans in the amount of $253,266,938.
- MyPoint Credit Union offers a competitive mortgage loan program to make home ownership more affordable to its membership. In 2024, the credit union funded new real estate loans including 1st and 2nd trust deed mortgages and home equity lines of credit, in the amount of $82,830,504. As of 12/31/24, the credit union held the total of 1,773real estate loans in the amount of $262,340,441
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 95-1679450
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1961
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1526: CREDIT UNIONS IN THE STATE OF CALIFORNIA
- Assets (IRS master file)
- $650,872,505
- Income (IRS master file)
- $30,712,664
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $30,712,664 | $29,682,711 | $650,872,505 | XML |
| 990 | December 2023 | $28,485,147 | $27,626,695 | $657,682,402 | XML |
| 990 | December 2022 | $24,561,685 | $22,218,127 | $686,854,759 | IRS |
| 990 | December 2021 | $22,582,888 | $20,134,258 | $682,208,293 | XML |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-1679450).
Questions about MY POINT CREDIT UNION
- What is the EIN of MY POINT CREDIT UNION?
- The employer identification number (EIN) of MY POINT CREDIT UNION is 95-1679450.
- Is MY POINT CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1961.
- Are donations to MY POINT CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MY POINT CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MY POINT CREDIT UNION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MY POINT CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MY POINT CREDIT UNION?
- The 990 for the year ended December 31, 2024 names MyPoint Credit Union.
- Who are the officers and directors of MY POINT CREDIT UNION?
- The 990 for the year ended December 31, 2024 lists 22 people; 15 received compensation from the organization, the highest $543,879 (David R Brooke, President/CEO).
- How much revenue does MY POINT CREDIT UNION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $30,712,664, expenses of $29,682,711 and total assets of $650,872,505 at year end.
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