Amy Nelson and Nick Hodson took over the Point West Credit Union as co-CEOs last September. The CU ended 2011 with $1.1 million in profit after the credit union lost $123,000 the year before.

The $85 million Point West Credit Union of Portland, Ore., is more than willing to broadcast and celebrate its tale of coming back from the brink of a 2008 financial collapse.

The message about how a 10,000-member, multi-SEG credit union, down on its luck during metro Portland’s deep recession and falling under NCUA prompt corrective action orders, took a number of painful steps to save the credit union from failure or merger has become the hot topic within the Northwest Credit Union Association.

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