My Point Credit Union
Public records raise at least one point you should look into before giving.
What it says it does
We are committed to working together to help our members achieve their financial goals, while being financially prudent to assure safety and soundness.
- Income
- $30.7 million
- Spending
- $29.7 million
- Employees
- 125
- Volunteers
- 12
- Highest pay
- $549,879, president/ceo
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- 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
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(14) credit union.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(14) credit union as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1961.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.