My Point Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 951679450 ✦ San diego, CA ✦ Designated as a 501(c)(14)

Overview

What is My Point Credit Union?

My Point Credit Union is a financial institution based in San Diego, California, with an address at 9425 Farnham Street, ZIP code 92123. The credit union offers competitive savings and checking products to its 28,509 members, collectively managing over $557 million in accounts. With a team of 126 employees, My Point Credit Union focuses on providing members with attractive savings dividends, comprehensive services, affordable loan rates, and reduced fees, all while maintaining financial responsibility and stability.


Official website here: www.mypointcu.com

Is My Point Credit Union legitimate?

My Point Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. My Point Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $3,508,282
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,507,448

For more financial information, click here


Official website here: www.mypointcu.com

What is the mission statement of My Point Credit Union?

My Point Credit Union is dedicated to collaborating with its members to help them reach their financial objectives. The credit union's mission prioritizes both member satisfaction and financial responsibility to ensure security and stability. My Point Credit Union offers its members competitive savings dividends, a wide range of services, lower loan rates, and reduced fees. With a strong commitment to financial prudence, the credit union holds a substantial amount of funds in various account types. As of December 31, 2022, the credit union managed 32,764 savings accounts, 22,277 checking accounts, 3,457 money market accounts, 2,431 share certificates, and 1,421 IRA certificates, totalling $557,542,720 in assets. The membership base consists of 28,509 individuals.


Official website here: www.mypointcu.com

Who is the CEO of My Point Credit Union?

Jane M White is the Treasurer of My Point Credit Union. The CEO's salary of My Point Credit Union is $651,847 and their total compensation is $688,093.


Official website here: www.mypointcu.com

What is the revenue of My Point Credit Union?

My Point Credit Union's revenue in 2022 was $24,561,685.


Official website here: www.mypointcu.com

Who are the executives of My Point Credit Union and what are their salaries?

The average compensation at My Point Credit Union during 2022 was $79,490. There are 126 employees and 14 volunteers at My Point Credit Union.

Here are 19 key members and their salaries (My Point Credit Union's CEO's salary is $651,847 and their total compensation is $688,093):

    David R Brooke (President/Ceo)
  • Compensation: $651,847
  • Related: $0
  • Other: $36,246

    • Peter Butler (Svp/Coo)
  • Compensation: $321,765
  • Related: $0
  • Other: $38,180

    • Matthew Mower (Svp/Cio)
  • Compensation: $324,353
  • Related: $0
  • Other: $34,049

    • Matthew Rhead (Svp/Cfo)
  • Compensation: $312,300
  • Related: $0
  • Other: $33,979

    • Michael Kim (Vp/Lending)
  • Compensation: $224,397
  • Related: $0
  • Other: $56,365

    • Christopher Crockett (Vp/Retail Operations)
  • Compensation: $230,531
  • Related: $0
  • Other: $16,720

    • Janet Mainenti (Vp/Hr)
  • Compensation: $232,622
  • Related: $0
  • Other: $11,872

    • Laura Carpanzano (Director Of Business Lending)
  • Compensation: $214,135
  • Related: $0
  • Other: $25,828

    • Heather Dueitt (Vp/Marketing)
  • Compensation: $180,689
  • Related: $0
  • Other: $13,403

    • Nicole Henderson (Controller)
  • Compensation: $158,367
  • Related: $0
  • Other: $34,816

    • Stephen Wallis (Director Of Internal Audit)
  • Compensation: $162,709
  • Related: $0
  • Other: $19,826

    • Pey-Shiuan Zavala (It Director)
  • Compensation: $164,722
  • Related: $0
  • Other: $8,559

    • Jeffrey M Goecke (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark R Moeller (Vice Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jane M White (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Linda O Stay (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jo Anna Lamott (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Salvatore J Lupo (Directory)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Malcolm C Mccollum (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mypointcu.com

    Where can I find the form 990 for My Point Credit Union?

    The My Point Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mypointcu.com

    Learn more at the official website: www.mypointcu.com

    Mission Statement of My Point Credit Union

    My Point Credit Union, with a commitment to collaboration, aims to help its members attain their financial objectives while maintaining fiscal responsibility for their safety and stability. The credit union offers its members competitive savings dividends, a range of enhanced services, preferential loan rates, and reduced fees.

    My Point Credit Union's dedication to its members' financial growth is evident in its diverse deposit product offerings. As of December 31, 2022, the credit union managed 32,764 savings accounts, 22,277 checking accounts, 3,457 money market accounts, 2,431 share certificates, and 1,421 IRA certificates, totaling $557,542,720 in assets. With a membership of 28,509, My Point Credit Union continues to expand its reach and provide attractive financial solutions to a growing number of individuals.

    Impact

    This information is meant to be a general summary of My Point Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    MyPoint Credit Union's impact lies in its commitment to providing its members with higher saving dividends, enhanced services, lower loan rates, and reduced service fees. By offering competitively priced deposit products, the credit union has been able to serve a substantial number of individuals. As of December 31, 2022, MyPoint Credit Union held a total of 62,350 accounts amounting to $557,542,720, with a membership of 28,509. This demonstrates the tangible financial support and services the credit union provides to its community in San Diego, CA.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $24,561,685
  • Gross Receipts: $24,561,685

    • Assets and Liabilities:
  • Total Assets: $686,854,759
  • Total Liabilities: $631,974,539
  • Net Assets: $54,880,220
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Interest from Loans

    Revenue

    $16,554,988

    Fee Income

    Revenue

    $4,432,813

    Investment Income

    Revenue

    $2,822,246

    Non-Operating Gain

    Revenue

    $751,638

    Organization Details

    Founding Year

    1948

    Principal Officer

    Jane M White

    Main Address

    9420 Farnham Street, San Diego, CA, 92123

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of My Point Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.