January is a great time to reflect upon the accomplishments, changes, and future goals of your credit union. The dedicated team at Point West has pushed through many obstacles during the past year during sub-par economic conditions locally and within the financial industry.

Point West November 2011 financials resulted in an improved net worth ratio of 5.82%, with a forecast of continued improvement in the coming months and year. The net worth ratio is a key indicator of an organization’s financial health. Our continually improving ratio was made possible by you, our members, and your commitment to the cooperative financial model your credit union provides.

Point West also recently posted its highest ‘health score’ since 2006, rating 2.818 on a five-point scale, and is in the top third of Oregon credit unions on the “Industry Health Score Report” conducted by Independent consulting firm Glatt Consulting. The analysis factors together seven areas to derive a composite score: Earnings, Capital, Growth, Member Relationship, Liquidity, Asset Quality and Efficiency. We are proud of this long-term improvement, and recognize the membership, employees and key business partners as direct contributors to this success.

Member feedback continues to show Point West is the primary source for your financial needs, and the entire membership benefits from changes we have made to enhance this relationship. Your increased knowledge and usage of Point West credit cards & debit cards improves the credit union’s financial standing, and simultaneously provides you with a competitive product.

In 2012, watch for new products to make it easier to centralize your financial services with Point West. We strive to bring you the best possible solutions regardless of where you are in your financial lifecycle. We are confident our collective commitment to the credit union philosophy and movement will continue to improve our financial strength, as well as the types of products we can offer you the member.

Until next time, from Our View – Nick & Amy