
Annual Report
Messages to Our Members

ROB STUART President, CEO, Board of Directors Treasurer, Executive Committee

LELAND "ROCKY" JOHNSON Chair, Board of Directors

SHERYL MANNING Chair, Supervisory
Committee
2022 CEO/Board Chair Letter
The strong financial results produced by your credit union in 2022, including surpassing 500,000 members and donating over $2.3 million to the community, are evidence of our commitment. – ROB STUART and LELAND "ROCKY" JOHNSON
Over the last 90 years, we’ve continued our focus on providing you with a safe and secure financial institution that gives back to its members and the community. The strong financial results produced by your credit union in 2022, including surpassing 500,000 members and donating over $2.3 million to the community, are evidence of that commitment.
We will also stay focused on strengthening our operations and risk management to ensure our members’ financial safety and security remain our top priority.
As much as we’ve done this year, we recognize there is always more to do. To that end, we will continue strengthening our people and community with additional commitments to:
- A robust and customized diversity, equity, and inclusion program.
- Expand a financially healthy community where everyone can equitably access our products and services.
- Expand our efforts to reduce our collective carbon footprint.
Because of members like you, OnPoint has been able to provide financial solutions for our community needs and will continue to leave a healthy legacy for generations to come.
2022 Supervisory Committee Report
OnPoint received an “unqualified opinion” from Crowe on its 2022 financial statements. This means that OnPoint Community Credit Union’s 2022 financial statements are fairly presented, in compliance with generally accepted accounting principles (GAAP). – SHERYL MANNING
I have the pleasure of chairing OnPoint Community Credit Union’s Supervisory Committee. We are a four-member committee and we meet quarterly during the year.
Our responsibilities are to:
- Review OnPoint Board-level policies, receive updates on management strategies, monitor financial results, and explore and discuss current credit union industry and accounting issues
- Review the Credit Union’s established practices and procedures to ensure they safeguard members’ assets
- Review audited financial results and ensure they are complete and timely
- Ensure member accounts are verified to credit union records periodically
To accomplish this, the Supervisory Committee arranges a comprehensive annual audit of OnPoint Community Credit Union’s financial statements. The 2022 audit was performed by Crowe, LLP. Crowe supports the Supervisory Committee, Board and staff with both their accounting expertise and their thorough understanding of the credit union industry.
Upon completion of the 2022 audit, the Supervisory Committee reviewed the details of the audited financial statements and asked the auditors and staff questions. All questions were answered candidly and completely. You’ll find a summary of the financial results included in OnPoint’s 2022 Annual Report.
OnPoint received an “unqualified opinion” from Crowe on its 2022 financial statements. This means that OnPoint Community Credit Union’s 2022 financial statements are fairly presented, in compliance with generally accepted accounting principles (GAAP).
The results of this audit, combined with the periodic verification of members’ accounts, has provided the Supervisory Committee with assurance that the financial statements prepared by Credit Union management fairly reflect the financial condition of our Credit Union.