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Nonprofiteer
← ONPOINT COMMUNITY CREDIT UNION

Form 990 for tax year 2024

Filed by ONPOINT COMMUNITY CREDIT UNION.

Totals

Total revenue
$556,221,103
Total expenses
$431,478,281
Contributions and grants received
$0
Grants paid
$14,036,639
Program service revenue
$416,484,555
Investment income
$139,736,548
Other revenue
$0
Total assets, end of year
$9,711,312,299
Total liabilities, end of year
$8,482,880,302
Net assets or fund balances, end of year
$1,228,431,997
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: INTEREST MEMBER LOANS

    total $311,516,015 · related or exempt $311,516,015

  • 2b · Program service revenue: INTERCHANGE INCOME

    total $60,809,942 · related or exempt $60,809,942

  • 2c · Program service revenue: OTHER OPERATING INCOME

    total $29,526,927 · related or exempt $28,774,046 · unrelated business $752,881

  • 2d · Program service revenue: SERVICE FEES

    total $14,631,671 · related or exempt $14,368,252 · unrelated business $263,419

  • 3 · Investment income

    total $139,149,642 · excluded $139,149,642

  • 7a · Gross sales of assets other than inventory

    securities $2,861,860 · other assets $717,022

  • 7b · Less cost or other basis and sales expenses

    securities $2,573,605 · other assets $418,371

  • 7c · Gain or loss

    securities $288,255 · other assets $298,651

  • 7d · Net gain or loss

    total $586,906 · excluded $586,906

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $14,036,639

  • 5 · Compensation of officers, directors and key employees

    total $11,930,243

  • 7 · Other salaries and wages

    total $92,257,242

  • 8 · Pension plan contributions

    total $8,795,016

  • 9 · Other employee benefits

    total $16,978,144

  • 10 · Payroll taxes

    total $9,642,717

  • 11b · Fees: legal

    total $222,486

  • 11c · Fees: accounting

    total $298,867

  • 11g · Fees: other

    total $42,206,273

  • 12 · Advertising and promotion

    total $12,994,466

  • 13 · Office expenses

    total $21,533,363

  • 14 · Information technology

    total $12,625,103

  • 16 · Occupancy

    total $14,651,939

  • 17 · Travel

    total $823,148

  • 19 · Conferences, conventions and meetings

    total $1,015,257

  • 20 · Interest

    total $128,454,289

  • 22 · Depreciation, depletion and amortization

    total $7,352,755

  • 23 · Insurance

    total $587,721

  • 24a · Other expenses: LOAN LOSS PROVISION

    total $23,202,231

  • 24e · All other expenses

    total $11,870,382

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,381,587,422 · end of year $274,375,841

  • 2 · Savings and temporary cash investments

    beginning of year $7,490,018 · end of year $2,097,861,782

  • 4 · Accounts receivable

    beginning of year $35,662,866 · end of year $36,528,663

  • 7 · Other notes and loans receivable

    beginning of year $5,256,169,628 · end of year $5,755,061,533

  • 9 · Prepaid expenses and deferred charges

    beginning of year $9,049,944 · end of year $11,776,795

  • 10a · Land, buildings and equipment: cost or other basis

    $91,140,017

  • 10b · Land, buildings and equipment: accumulated depreciation

    $50,599,916

  • 10c · Land, buildings and equipment, net

    beginning of year $40,418,256 · end of year $40,540,101

  • 11 · Investments: publicly traded securities

    beginning of year $1,741,234,112 · end of year $1,341,522,192

  • 12 · Investments: other securities

    beginning of year $84,064,419 · end of year $6,402,350

  • 15 · Other assets

    beginning of year $182,953,202 · end of year $147,243,042

  • 17 · Accounts payable and accrued expenses

    beginning of year $225,125,084 · end of year $155,513,431

  • 19 · Deferred revenue

    beginning of year $3,392,857 · end of year $3,161,622

  • 21 · Escrow or custodial account liability

    beginning of year $4,253,842 · end of year $6,020,365

  • 25 · Other liabilities

    beginning of year $7,417,661,469 · end of year $8,318,184,884

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $1,088,196,615 · end of year $1,228,431,997

Mission and programs · 2024

Mission

PROMOTE THE FINANCIAL WELL-BEING OF CREDIT UNION MEMBERS THROUGH FINANCIAL PRODUCTS AND SERVICES.

  • IN 2024, MEMBERSHIP IN THE CREDIT UNION GREW TO 594,521 MEMBERS. ONPOINT COMMUNITY CREDIT UNION PROVIDED THE MEMBERSHIP WITH FINANCIAL SERVICES, INCLUDING THE PROVISION OF 272,441 LOANS AND 1,296,616 DEPOSIT ACCOUNTS TO MEMBERS AT COMPETITIVE RATES.

As filed on the 2024 return.

Listed in Part VII

  • K DURHAM

    DIRECTOR

    Total calculated
    $91,616
    From this org
    $91,616
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • K THOMAJAN

    DIRECTOR

    Total calculated
    $71,606
    From this org
    $71,606
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • D NAKATA

    BOARD CHAIR

    Total calculated
    $71,514
    From this org
    $71,514
    From related orgs
    $0
    Other
    $0
    Hours/week
    13

  • M MROCZEK

    DIRECTOR

    Total calculated
    $69,114
    From this org
    $69,114
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • M DAMM

    DIRECTOR

    Total calculated
    $67,096
    From this org
    $67,096
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • M WILLER

    BOARD SECRETARY

    Total calculated
    $65,164
    From this org
    $65,164
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • A SLAGLE

    BOARD VICE CHAIR

    Total calculated
    $65,000
    From this org
    $65,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • F TRIPP

    DIRECTOR

    Total calculated
    $64,413
    From this org
    $64,413
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • G CHANDLER

    DIRECTOR

    Total calculated
    $60,000
    From this org
    $60,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.5

  • R STUART

    PRESIDENT/CEO

    Total calculated
    $2,560,332
    From this org
    $2,279,673
    From related orgs
    $0
    Other
    $280,659
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $951,600
    Bonus
    $806,337
    Other
    $521,736
    Deferred
    $263,250
    Nontaxable benefits
    $17,409
    Filer's total
    $2,560,332

  • J HUNT

    SVP/CHIEF FINANCIAL OFFICER

    Total calculated
    $1,256,448
    From this org
    $1,089,114
    From related orgs
    $0
    Other
    $167,334
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $488,000
    Bonus
    $362,706
    Other
    $238,408
    Deferred
    $151,963
    Nontaxable benefits
    $15,371
    Filer's total
    $1,256,448

  • S LEUGERS

    SVP/CHIEF LENDING OFFICER

    Total calculated
    $1,116,391
    From this org
    $970,703
    From related orgs
    $0
    Other
    $145,688
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $365,000
    Bonus
    $276,978
    Other
    $328,725
    Deferred
    $122,758
    Nontaxable benefits
    $22,930
    Filer's total
    $1,116,391

  • T MCVAY

    SVP/CHIEF RETAIL OFFICER

    Total calculated
    $1,192,443
    From this org
    $1,025,851
    From related orgs
    $0
    Other
    $166,592
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $453,000
    Bonus
    $340,485
    Other
    $232,366
    Deferred
    $144,582
    Nontaxable benefits
    $22,010
    Filer's total
    $1,192,443

  • J ARMSTRONG

    SVP/CHIEF OPERATIONS OFFICER

    Total calculated
    $1,081,868
    From this org
    $929,506
    From related orgs
    $0
    Other
    $152,362
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $418,000
    Bonus
    $312,468
    Other
    $199,038
    Deferred
    $134,953
    Nontaxable benefits
    $17,409
    Filer's total
    $1,081,868

  • T CLEVENGER

    SVP/CHIEF MARKETING OFFICER

    Total calculated
    $821,406
    From this org
    $681,239
    From related orgs
    $0
    Other
    $140,167
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $365,000
    Bonus
    $276,978
    Other
    $39,261
    Deferred
    $122,758
    Nontaxable benefits
    $17,409
    Filer's total
    $821,406

  • W OLIVER

    SVP/CHIEF LEGAL OFFICER

    Total calculated
    $784,729
    From this org
    $652,179
    From related orgs
    $0
    Other
    $132,550
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $360,000
    Bonus
    $274,773
    Other
    $17,406
    Deferred
    $122,000
    Nontaxable benefits
    $10,550
    Filer's total
    $784,729

  • C ANDERSON

    SVP/CHIEF RISK OFFICER

    Total calculated
    $775,868
    From this org
    $648,068
    From related orgs
    $0
    Other
    $127,800
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $352,234
    Bonus
    $260,951
    Other
    $34,883
    Deferred
    $117,250
    Nontaxable benefits
    $10,550
    Filer's total
    $775,868

  • P GROMAN

    SVP/CHIEF PEOPLE OFFICER

    Total calculated
    $757,568
    From this org
    $622,535
    From related orgs
    $0
    Other
    $135,033
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $340,000
    Bonus
    $249,311
    Other
    $33,224
    Deferred
    $113,250
    Nontaxable benefits
    $21,783
    Filer's total
    $757,568

  • B HARDING

    SVP/CHIEF COMMERCIAL OFFICER

    Total calculated
    $578,794
    From this org
    $445,677
    From related orgs
    $0
    Other
    $133,117
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $355,000
    Bonus
    $78,672
    Other
    $12,005
    Deferred
    $110,187
    Nontaxable benefits
    $22,930
    Filer's total
    $578,794

  • D LAVIOLETTE

    SVP/CHIEF INFORMATION OFFICER

    Total calculated
    $378,872
    From this org
    $344,578
    From related orgs
    $0
    Other
    $34,294
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $250,182
    Bonus
    $82,591
    Other
    $11,805
    Deferred
    $34,294
    Nontaxable benefits
    $0
    Filer's total
    $378,872

  • A EMERSON

    VP/ONPOINT MORTGAGE

    Total calculated
    $632,012
    From this org
    $502,128
    From related orgs
    $0
    Other
    $129,884
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $442,017
    Bonus
    $55,608
    Other
    $4,503
    Deferred
    $110,273
    Nontaxable benefits
    $19,611
    Filer's total
    $632,012

  • M LINDAY-LIPKINS

    VP/ONPOINT INVESTMENT SERVICES

    Total calculated
    $480,472
    From this org
    $435,422
    From related orgs
    $0
    Other
    $45,050
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $358,823
    Bonus
    $74,810
    Other
    $1,789
    Deferred
    $34,500
    Nontaxable benefits
    $10,550
    Filer's total
    $480,472

  • D BARTOSZ

    FINANCIAL ADVISOR

    Total calculated
    $471,261
    From this org
    $413,831
    From related orgs
    $0
    Other
    $57,430
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $392,435
    Bonus
    $20,176
    Other
    $1,220
    Deferred
    $34,500
    Nontaxable benefits
    $22,930
    Filer's total
    $471,261

  • M CASIANO

    MORTGAGE LOAN OFFICER

    Total calculated
    $465,777
    From this org
    $415,906
    From related orgs
    $0
    Other
    $49,871
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $412,494
    Bonus
    $2,444
    Other
    $968
    Deferred
    $34,500
    Nontaxable benefits
    $15,371
    Filer's total
    $465,777

  • N BERNING

    FINANCIAL ADVISOR

    Total calculated
    $455,011
    From this org
    $409,961
    From related orgs
    $0
    Other
    $45,050
    Hours/week
    45

    Schedule J breakdown matched by us

    Base
    $396,248
    Bonus
    $12,703
    Other
    $1,010
    Deferred
    $34,500
    Nontaxable benefits
    $10,550
    Filer's total
    $455,011

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 1A
* FIRST-CLASS TRAVEL - PRESIDENT/CEO & ALL DIRECTORS (10 PEOPLE); NOT TAXABLE TO INDIVIDUALS AS SUCH TRAVEL IS REASONABLE AND CUSTOMARY WITHIN THE INDUSTRY FOR HIGH-LEVEL EXECUTIVES. THE BOARD HAS APPROVED SUCH TRAVEL IN LIMITED CIRCUMSTANCES AND SUBSTANTIATION OF ALL EXPENSES IS REQUIRED. * TRAVEL FOR COMPANIONS - ALL DIRECTORS (8 PEOPLE); TAXABLE TO INDIVIDUALS * HEALTH OR SOCIAL CLUB DUES - PRESIDENT/CEO; TAXABLE TO INDIVIDUALS * PERSONAL SERVICES - PRESIDENT/CEO AND SENIOR EXECUTIVES (10 PEOPLE); TAXABLE TO INDIVIDUALS
PART I, LINE 4B
THE FOLLOWING INDIVIDUALS RECEIVED PAYMENTS FROM A 457(F) PLAN, AMOUNTS THAT WERE REPORTED AS DEFERRED ON THE PRIOR YEAR FORMS 990 ARE INCLUDED IN PART II, COLUMN (F). R. STUART - $429,546 J. HUNT - $209,425 S. LEUGERS - $306,723 T. MCVAY - $196,439 J. ARMSTRONG - $178,726

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ONPOINT SERVICE GROUP LLC

    INACTIVE · OR · income $0 · assets $0

    Directly controlled by ONPOINT COMMUNITY CREDIT UNION

Provenance

Return type
form_990
Tax year
2024
Filed
5 May 2025
IRS schema version
2024v5.1
Source object
202511269349302706

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