EIN 95-1679450

Point Loma Credit Union (PLCU)

IRS 501(c) type
501(c)(14)
Num. employees
126
Year formed
1948
Most recent tax filings
2022-12-01
Description
Point Loma Credit Union is committed to working together to help their members achieve their financial goals, while being financially prudent to assure safety and soundness.
Related structure
PLCU is child organization, under the parent exemption from Credit Unions in the State of California.
Total revenues
$24,561,685
2022
Total expenses
$22,218,127
2022
Total assets
$686,854,759
2022
Num. employees
126
2022

Program areas at PLCU

MyPoint Credit Union provides its membership competitively priced deposit products. As of 12/31/22, the credit union held 32,764 savings accounts, 22,277 checking accounts, 3,457 money market accounts, 2,431 share certificates, and 1,421 IRA certificates in the amount of $181,521,833, $190,994,597, $121,728,054, $51,028,868 and $12,269,368 respectively. In total, the credit union held 62,350, accounts in the amount of $557,542,720 with a membership of 28,509.
MyPoint Credit Union offers a competitive mortgage loan program to make home ownership more affordable to its membership. In 2022, 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 $71,904,141. As of 12/31/21, the credit union held the total of 1,534 real estate loans in the amount of $218,203,327.
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 1,692 new loans in the amount of $83,745,244. As of 12/31/2022, the credit union held 15,887 consumer and business loans in the amount of $269,934,749.

Personnel at PLCU

NameTitleCompensation
David R BrookePresident and Chief Executive Officer$651,847
Peter ButlerSenior Vice President and Chief Operating Officer$321,765
Matthew RheadSenior Vice President - Finance and Chief Financial Officer$312,300
Matthew MowerSenior Vice President and Chief Information Officer$324,353
Heather DueittVice President and Marketing$180,689
...and 5 more key personnel

Financials for PLCU

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$24,561,685
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$24,561,685

Form 990s for PLCU

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-12990View PDF
2021-122022-08-31990View PDF
2020-122022-05-09990View PDF
2019-122021-12-21990OView PDF
2018-122020-06-11990OView PDF
...and 9 more Form 990s
Data update history
July 12, 2023
Posted financials
Added Form 990 for fiscal year 2020
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 5, 2023
Used new vendors
Identified 8 new vendors, including , , , , , , , and
May 12, 2023
Updated personnel
Identified 5 new personnel
February 7, 2023
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
HealthEducationDiseases and disorders
Characteristics
State / local level
General information
Address
9420 Farnham St
San Diego, CA 92123
Metro area
San Diego-Chula Vista-Carlsbad, CA
County
San Diego County, CA
Website URL
mypointcu.com/ 
Phone
(858) 495-3400
IRS details
EIN
95-1679450
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1948
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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