Newrizons, Lighthouse Community, and Point West were featured as CDFI success stories in a new video series from the NCUA. Read an update on Point West’s CDFI status since the video was filmed.
With 2013 in the rear-view mirror, Anthem asked Northwest credit union presidents and CEOs to reflect on the past, consider what lies ahead and talk about the challenges — and the opportunities — that await credit unions in 2014. Today: Amy Nelson and Nick Hodson, co-CEOs of Point West Credit Union.
Harborstone Credit Union’s Steve Kirby won’t be “hiking the hill” with advocates during Credit Union Day at the Capitol next week. That’s because Kirby will be in his office in Olympia, where he represents Washington’s 29th District and serves as chair of the House Business and Financial Services Committee. It’s an important event, he says – for legislators and for advocates.
Nick Hodson and Amy Nelson, co-CEOs of Point West Credit Union, announced this week that Point West has completed an approved Net Worth Restoration Plan with the National Credit Union Administration, two years ahead of schedule.
What happens when a credit union executive, a state legislator and the NWCUA’s vice president for legislative advocacy decide to visit every one of the credit union’s branches together and talk to every one of its employees about the importance of spreading the “Don’t Tax” message? That’s what Harborstone Credit Union did, and it’s already reaping big rewards.
Just three years after creating a painful Net Worth Restoration Plan, Point West Credit Union comes out of the cold to celebrate its 80th anniversary boasting a healthier 5.95 percent net worth ratio as of Q4 2011 and more than $80 million in assets.