Amy Nelson has been named President & Chief Executive Officer of Point West Credit Union. Amy, who previously served as the credit union’s Chief Operating Officer and co-CEO, steps into the position with the departure of Nick Hodson, Chief Financial Officer and fellow co-CEO. Nick will be the new Finance Leader at Rivermark Community Credit Union. “We will greatly miss … Continue reading
As member-driven cooperatives, credit unions do not have stockholders, so earnings are returned to members. In Oregon, this amounted to $170 in savings in 2012 for every member household, compared to the costs bank customers paid. The not-for-profit structure is why credit unions have the tax status they have. The very banks that were subsidized by taxpayers to the tune of nearly … Continue reading
In this edition of Points Quarterly, Point West’s quarterly member newsletter, you will read about the following: Point West’s Logo Nationally Recognized International Credit Union Day Point West Around Town with Portland Pedal Power The Oregon Handmade Bicycle Show and so much more! Read it here!
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 … Continue reading