Points can be transfered only if they are not banked or borrowed. Holding points are transferable. You can have unlimited transfers in and out per year as long as you and another member are not swapping (i.e. trading points to gain 11 month window). I generally transfer via e-mail (members@disneyvacationclub.com) to end up with written confirmation.
Supply name, address and member number for both parties. Be clear in transfer: I would like to transfer x points from my X (insert resort) contract in the X use year to (insert transferee name).
I also include my phone number if questions or problems.
Good luck
Sandy