2012 is a banner year in Point West’s history. Celebrating 80 years, we are privileged and proud to be part of a loyal cooperative who helped the credit union survive – and now thrive, during sustained economic turmoil nationwide. Just nine quarters after posting a 3.68 net worth ratio, Point West crested 6% in January 2012, and continues a steady rise, showing a 6.08% net worth as of the May 1st Annual Meeting and Member Appreciation Week.
It is the cooperative’s active participation from members, volunteers, employees and business partners; along with guidance and resources from industry-wide experts who have brought the credit union back to ‘capitalized’ status. The Northwest Credit Union Association (NWCUA) and trade magazine CUTimes both lauded Point West as a success story in progress, and we are appreciative this story is recognized as a Team Effort:
- NWCUA Anthem Newsletter, May 3rd, 2012: Point West Meets Net Worth Restoration Goal Two Years Early
- Credit Union Times, May 10th, 2012: Once-Troubled Point West Credit Union Lauded by Oregon Regulator
- Credit Union Times, May 11th, 2012: Two’s Good Company in Dual CEO Turnaround at Point West Credit Union
We’re in this together, and we are saying ‘thank you’ to our loyal members with improved products as services. Update your investment strategies with our onsite Investment Advisor. Enjoy competitive Point West VISA rates plus earn rewards points on both Platinum & Classic VISAs. Take advantage of our great auto rates, and get a great new ride for summer.
We will continue to provide Point West Progress reports, and invite you to share your voice via email, and as member surveys and blogs are posted.
Cheers to 80 Years,
Nick & Amy