2024-06-12T09:26:41-05:00 2023-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2023-01-01 911792217 HAPO COMMUNITY CREDIT UNION HAPO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 SCOTT MITCHELL CFO 5099435676 2024-06-10 1 SCOTT MITCHELL 999009999 1 EMINA O CRESSWELL CPA P01217304 5097472600 2024-06-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DOLORES BROESKE 601 WILLIAMS BLVD RICHLAND WA 99354 155294481 0 X WWW.HAPO.ORG X 1953 WA HAPO PROVIDES LOW COST SAVINGS VEHICLES WITH SUPERIOR INTEREST RETURN AND LOW INTEREST RATE LOANS TO ITS MEMBERS, WITHOUT CAPITAL STOCK, ORGANIZED AND OPERATED FOR MUTUAL PURPOSES AND WITHOUT PROFIT. NET EARNINGS ARE RETAINED IN ACCORDANCE WITH THE REGULATORY REQUIREMENTS OF THE NCUA AND STATE LAW. 7 7 607 8 303840 0 0 0 123221178 143599950 3542335 10699878 906483 833700 127669996 155133528 854194 719421 0 0 43402506 45886801 0 0 0 63518916 74903709 107775616 121509931 19894380 33623597 2335412553 2368391971 2137266605 2134311911 198145948 234080060 X HAPO PROVIDES LOW COST SAVINGS VEHICLES WITH SUPERIOR INTEREST RETURN AND LOW INTEREST RATE LOANS TO ITS MEMBERS, WITHOUT CAPITAL STOCK, ORGANIZED AND OPERATED FOR MUTUAL PURPOSES AND WITHOUT PROFIT. NET EARNINGS ARE RETAINED IN ACCORDANCE WITH THE REGULATORY REQUIREMENTS OF THE NCUA AND STATE LAW. 0 0 HAPO PROVIDES LOW COST SAVINGS VEHICLES WITH SUPERIOR INTEREST RETURN AND LOW INTEREST RATE LOANS TO OVER 200,000 MEMBERS, WITHOUT CAPITAL STOCK, AND IS ORGANIZED AND OPERATED FOR MUTUAL PURPOSES, CONSISTENT WITH THE PHILOSOPHY OF THE CREDIT UNION MOVEMENT AND THE REGULATORY REQUIREMENTS OF THE NCUA AND STATE LAW. THE NET INCREASE IN RETAINED EARNINGS FROM PROGRAM SERVICES PROVIDES FOR THE SAFETY AND SOUNDNESS OF THE CREDIT UNION IN ACCORDANCE WITH THE REGULATORY REQUIREMENTS OF THE NCUA AND STATE LAW. 0 0 1 0 0 0 0 1 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 23259 0 1 607 1 1 1 0 0 0 0 0 1 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 0 1 1 1 0 0 OR X SCOTT MITCHELL CFO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 KENNETH HOHENBERG CHAIRMAN 5.00 X X 29400 0 16235 WILLIAM SARACENO DIRECTOR 2.00 X 27300 0 0 DOUG CARL DIRECTOR 2.00 X 16000 0 9570 KENNETH GALE TREASURER 3.00 X X 23100 0 1187 RICHARD CUMMINS SECRETARY 3.00 X X 23100 0 0 WILLIAM CLARKE DIRECTOR 2.00 X 21000 0 1187 WILLIAM TANNER VICE CHAIRMAN 3.00 X X 0 0 1187 DOLORES BROESKE SR VP/CEO 40.00 X 1081122 0 60854 SCOTT MITCHELL SR VP/CFO 40.00 X 670728 0 66165 RUBY CAMPOS SR VP/COO 40.00 X 584334 0 63209 JESSICA GAUDREAULT SR VP/CRO 40.00 X 556987 0 66710 ASHLEY WARD CHIEF INFORMATION OFFICER 40.00 X 495819 0 49436 MARCUS HALL CHIEF LENDING OFFICER 40.00 X 464342 0 65495 PAUL PEDERSEN VP OF ACCTG AND FINANCE/CONTROLLER 40.00 X 346060 0 143915 JEREMY O'NIEL VP OF MARKETING 40.00 X 265628 0 55273 MONTE DRAKE VP OF COMMERCIAL SERVICES 40.00 X 271910 0 28919 JANEL MARINO VP OF BRANCH MANAGEMENT/MEMBER EXP 40.00 X 224095 0 51217 NOEMY CORREA VP OF BRANCH OPERATIONS 40.00 X 218405 0 52522 DONALD FRIGAARD VP OF MORTGAGE 40.00 X 234714 0 32635 NICOLE PRINCE VP OF HUMAN RESOURCES 40.00 X 208782 0 49464 JENIFER GATELEY VP OF CARD SERVICES 40.00 X 189219 0 42048 JASON LACHER VP OF INFORMATION SYSTEMS 40.00 X 172270 0 26878 ISELDA TORRES VP OF ASSET RECOVERY 40.00 X 158430 0 40926 AARON FOX SOFTWARE ENGINEER MANAGER 40.00 X 181044 0 46623 NIVIE SIZEMORE DIRECTOR OF ACCOUNTING 40.00 X 181610 0 38912 ENIF MICHAEL MORTGAGE LOAN OFFICER 40.00 X 171134 0 45996 ROMELIA COCKRUM DIRECTOR OF MORTGAGE 40.00 X 170568 0 34651 ROBERT CARTER IT DISASTER RECOVERY & DATA CENTER MANAGER 40.00 X 185709 0 25602 CAROLYN O'NIEL FORMER SR VP/CDO 0.00 X 166705 0 2802 7339515 0 1119618 62 1 1 0 MOMENTUM 109 BELL ST SUITE B SEATTLE WA 98121 CONSTRUCTION 4507405 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING AND IT SOFTWARE SERVICES 2774503 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 753952121 IT SOFTWARE AND HARDWARE SERVICES 1164668 STRATEGIC RESOURCES MANAGEMENT INC 5100 POPULAR AVE SUITE 2500 MEMPHIS TN 38137 PROFESSIONAL SERVICES 1095643 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 ATM MACHINES AND MAINTENANCE 1016579 63 MEMBER LOAN INTEREST 522100 104420854 104420854 DEBIT/CREDIT/ATM INTERCHANGE 522100 24625384 24625384 MEMBER FEES & CHARGES 522100 14553712 14553712 143599950 10699878 10699878 223036 223036 467777 160953 306824 306824 306824 294 0 294 294 NON-MEMBER ATM FEES 522100 217176 217176 MBP SALES TO MEMBERS 524298 86085 86085 MEMBER INSURANCE SALES 524298 285 285 303546 155133528 143599950 303840 11229738 719421 7026958 27978768 3022700 4984062 2874313 120402 94789 2758688 1164804 4557601 7256240 1962025 486264 480562 19973847 3739119 380384 DEBIT CARD & ATM COSTS 8556986 LOAN ORIGINATION COSTS 8013665 PROVISION FOR LOAN LOSS 7615241 CREDIT & COLLECTION EXP 5204098 2538994 121509931 20204718 19960977 197453892 289874587 11446525 12318018 1933542747 1870888678 22299796 20867069 116711986 50198491 64175473 66513495 11210166 13259178 75079236 74709969 2335412553 2368391971 39405184 47889422 70000000 140000000 2027861421 1946422489 2137266605 2134311911 X 0 0 0 0 198145948 234080060 198145948 234080060 2335412553 2368391971 X 33623597 409060 1901455 X 0 0 0 22933 0 22933 22933 1 CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 110 SEATAC WA 98188 800043051 22933 0 PART I-A, LINE 1: THE CREDIT UNIONS ONLY INDIRECT POLITICAL CAMPAIGN ACTIVITY IS A CONTRIBUTION TO THE CREDIT UNION LEGISLATIVE ACTION COMMITTEE. 0 1 X 11085532 11085532 72189321 25260053 46929268 33437133 24938438 8498695 66513495 MEMBER DEPOSITS 1946422489 1946422489 PART IV, LINE 2B: HAPO MAKES FIRST MORTGAGE HOME LOANS TO ITS MEMBERS AND PROVIDES ESCROW SERVICES FOR THE COLLECTION AND PAYMENT OF HOMEOWNER INSURANCE AND RESIDENTIAL REAL ESTATE TAXES RELATED TO THOSE HOME LOANS. 1 ASSOCIATION OF WASHINGTON BUSINESS PO BOX 658 OLYMPIA WA 98507 910496803 501 (C)(6) 15000 0 SPRING MEETING SPONSORSHIP BOYS AND GIRLS CLUB PO BOX 1322 PASCO WA 99301 911673327 501 (C)(3) 17500 0 VARIOUS EVENT SPONSORSHIPS BUILDING INDUSTRY ASSOCIATION OF CLARK COUNTY 103 E 29TH ST VANCOUVER WA 98663 910906923 501 (C)(3) 8500 0 VARIOUS EVENT SPONSORSHIPS CENTRAL WASHINGTON FAIR ASSOCIATION 1301 S FAIR AVENUE YAKIMA WA 98901 910171268 501 (C)(3) 7500 0 STATE FAIR SPONSORSHIP CITY OF RICHLAND PO BOX 190 RICHLAND WA 99352 916015119 MUNICIPALITY 55000 0 JOHN DAM PLAZA PARK STAGE AND VARIOUS LOCAL EVENT SPONSORSHIPS COLUMBIA BASIN COLLEGE FOUNDATION 2600 N 20TH AVE MS-F1 PASCO WA 99301 911307538 501 (C)(3) 17500 0 LEARNING LOBBY AND EVENT DONATION FRANKLIN COUNTY HAPO CENTER 6600 BURDEN BLVD PASCO WA 99301 916001315 MUNICIPALITY 100000 0 HAPO CENTER NAMING RIGHTS GO WEST FOUNDATION DBA CREDIT UNION FOR KIDS 18000 INTERNATIONAL BLVD STE 1102 SEATAC WA 98188 911649328 501 (C)(3) 51265 0 CASH DONATIONS FOR CU4KIDS AUCTIONS GRACE KITCHEN 112 N 2ND AVE PASCO WA 99301 843061875 501 (C)(3) 1650 6374 FMV PROVIDED LUNCH FOR VOLUNTEERS GALA DONATION AND PROVIDING LUNCHES KENNEWICK POLICE FOUNDATION 8524 W GAGE BLVD A1 BOX 311 KENNEWICK WA 99336 911274433 501 (C)(4) 7500 0 BREAKFAST WITH THE CHIEF EVENT AND CHRISTMAS GIFT CARD GIVE AWAY TO COMMUNITY EVENT SMG TRI CITIES 4304 W 24TH AVE SUITE 200 KENNEWICK WA 99338 364892322 20000 0 LIVE @ 5 SUMMER CONCERT SERIES SPONSOR TOYOTA CENTER AND ARENA 7000 W GRANDRIDGE BLVD KENNEWICK WA 99336 916001253 70000 0 HAPO HANGOUT NAMING RIGHTS TRI CITIES REGIONAL CHAMBER OF COMMERCE 7130 W GRANDRIDGE BLVD SUITE C KENNEWICK WA 99336 204120487 501 (C)(6) 7500 0 CONFERENCE SPONSORSHIPS TRI CITY CANCER CENTER 7350 W DESCHUTES AVE KENNEWICK WA 99336 911739024 501 (C)(3) 75410 0 ANNUAL DONATION TRI-CITIES YOUNG LIFE 4415 W CLEARWATER AVE STE 3 KENNEWICK WA 99336 840385934 501 (C)(3) 6250 0 GENERAL DONATION WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT RD MADISON WI 53705 396093210 501 (C)(3) 10000 0 ANNUAL DONATION WASHINGTON OFFICE OF SUPERINTENDENT OF PUBLIC INSTRUCTION 600 WASHINGTON ST SE OLYMPIA WA 98504 916001112 GOVERNMENT 10000 0 GENERAL DONATION FOR FINANCIAL EDUCATION PARTNERSHIP FIRST STORY 963 SW SIMPSON AVE STE 110 BEND OR 97702 911755886 501 (C)(3) 5000 1359 FMV GIFT BASKETS, SUPPLIES FOR VOLUNTEER DAY GENERAL GIFT- GRANT HOUSE DONATION 13 5 PART I, LINE 2: HAPO'S CEO AND DIRECTOR OF MARKETING REVIEW VARIOUS SPONSORSHIP AND CHARITABLE ORGANIZATIONS IN THE COMMUNITIES WE SERVE FOR CONSIDERATION. THE CREDIT UNION SEEKS TO INVEST IN THE COMMUNITIES WE SERVE. HAPO SELECTS GRANTEE ORGANIZATIONS AND FUNCTIONS THAT BENEFIT THE COMMUNITIES IN WHICH OUR MEMBERS AND THEIR FAMILIES LIVE AND WORK. SPONSORING AND CONTRIBUTING TO ORGANIZATIONS WITHIN OUR SERVICE AREA HELPS FACILITATE THE MONITORING OF THE FUNDS WE INVEST. X X 1 0 X X X X 0 1 0 DOLORES BROESKE SR VP/CEO 1030698 0 2500 0 47924 0 40585 0 20269 0 1141976 0 0 0 SCOTT MITCHELL SR VP/CFO 589246 0 55001 0 26481 0 38863 0 27302 0 736893 0 0 0 RUBY CAMPOS SR VP/COO 510136 0 47717 0 26481 0 38802 0 24407 0 647543 0 0 0 JESSICA GAUDREAULT SR VP/CRO 485171 0 45287 0 26529 0 39150 0 27560 0 623697 0 0 0 ASHLEY WARD CHIEF INFORMATION OFFICER 428534 0 40100 0 27185 0 31424 0 18012 0 545255 0 0 0 MARCUS HALL CHIEF LENDING OFFICER 401590 0 40000 0 22752 0 37326 0 28169 0 529837 0 0 0 PAUL PEDERSEN VP OF ACCTG AND FINANCE/CONTROLLER 268435 0 51500 0 26125 0 115618 0 28297 0 489975 0 0 0 JEREMY O'NIEL VP OF MARKETING 222371 0 42896 0 361 0 26285 0 28988 0 320901 0 0 0 MONTE DRAKE VP OF COMMERCIAL SERVICES 226007 0 43080 0 2823 0 7063 0 21856 0 300829 0 0 0 JANEL MARINO VP OF BRANCH MANAGEMENT/MEMBER EXP 182846 0 37860 0 3389 0 23010 0 28207 0 275312 0 0 0 NOEMY CORREA VP OF BRANCH OPERATIONS 182100 0 34718 0 1587 0 25200 0 27322 0 270927 0 0 0 DONALD FRIGAARD VP OF MORTGAGE 193221 0 36450 0 5043 0 6164 0 26471 0 267349 0 0 0 NICOLE PRINCE VP OF HUMAN RESOURCES 171801 0 34254 0 2727 0 22326 0 27138 0 258246 0 0 0 JENIFER GATELEY VP OF CARD SERVICES 157012 0 29935 0 2272 0 21806 0 20242 0 231267 0 0 0 AARON FOX SOFTWARE ENGINEER MANAGER 172566 0 6923 0 1555 0 19146 0 27477 0 227667 0 0 0 NIVIE SIZEMORE DIRECTOR OF ACCOUNTING 163166 0 17362 0 1082 0 20172 0 18740 0 220522 0 0 0 ENIF MICHAEL MORTGAGE LOAN OFFICER 24506 0 140494 0 6134 0 34568 0 11428 0 217130 0 0 0 ROBERT CARTER IT DISASTER RECOVERY & DATA CENTER M 175597 0 6923 0 3189 0 5184 0 20418 0 211311 0 0 0 ROMELIA COCKRUM DIRECTOR OF MORTGAGE 144835 0 18630 0 7103 0 18298 0 16353 0 205219 0 0 0 ISELDA TORRES VP OF ASSET RECOVERY 134218 0 25589 0 -1377 0 13847 0 27079 0 199356 0 0 0 JASON LACHER VP OF INFORMATION SYSTEMS 169777 0 0 0 2493 0 4794 0 22084 0 199148 0 0 0 CAROLYN O'NIEL FORMER SR VP/CDO 19379 0 46511 0 100815 0 2003 0 799 0 169507 0 0 0 PART I, LINE 1A PURSUANT TO HAPO'S POLICIES, FIRST-CLASS TRAVEL IS PROVIDED FOR SPOUSES OR SIGNIFICANT OTHERS OF DIRECTORS AND EXECUTIVE MANAGEMENT WHILE ON CREDIT UNION RELATED TRAVEL. SPOUSAL TRAVEL IS TAXED TO THE EMPLOYEE. PART I, LINE 1B PAYMENT FOR ANY AND ALL REIMBURSABLE EXPENSES MUST HAVE SUFFICIENT SUPPORTING DOCUMENTATION OR EXPLANATION. PART I, LINE 4B THE FOLLOWING EMPLOYEES ARE PARTICIPANTS IN A SPLIT DOLLAR LIFE INSURANCE PLAN: SCOTT MITCHELL, DOLORES BROESKE, JESSICA GAUDREAULT AND RUBY CAMPOS. PAUL PEDERSEN PARTICIPATES IN A 457(F) PLAN. IN 2023, $75,000 WAS ACCRUED IN HIS PLAN. DOLORES BROESKE CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 8637000 8963422 0 1 1 SCOTT MITCHELL CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 4211000 4370148 0 1 1 RUBY CAMPOS CHIEF OPERATIONS OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 2866000 2974316 0 1 1 JESSICA GAUDREAULT CHIEF RISK OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 3099000 3216122 0 1 1 19524008 FORM 990, PART VI, SECTION A, LINE 6 HAPO IS A FEDERALLY INSURED CREDIT UNION, CHARTERED IN THE STATE OF WASHINGTON AND CERTAIN COUNTIES IN OREGON STATE. THE CREDIT UNION FOLLOWS THE MEMBERSHIP AND GOVERNANCE RULES OF THE WASHINGTON STATE CREDIT UNION ACT AND THE RULES AND REGULATIONS OF THE NCUA, ACCORDINGLY. FORM 990, PART VI, SECTION A, LINE 7A HAPO IS A FEDERALLY INSURED CREDIT UNION, CHARTERED IN THE STATE OF WASHINGTON AND CERTAIN COUNTIES IN OREGON STATE. THE CREDIT UNION FOLLOWS THE MEMBERSHIP AND GOVERNANCE RULES OF THE WASHINGTON STATE CREDIT UNION ACT AND THE RULES AND REGULATIONS OF THE NCUA, ACCORDINGLY. THOSE LAWS AND REGULATIONS ALLOW FOR THE MEMBERSHIP OF THE CREDIT UNION TO ELECT THE BOARD MEMBERS FROM THE MEMBERSHIP THROUGH A NOMINATING COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B HAPO IS A FEDERALLY INSURED CREDIT UNION, CHARTERED IN THE STATE OF WASHINGTON AND CERTAIN COUNTIES IN OREGON STATE. THE CREDIT UNION FOLLOWS THE MEMBERSHIP AND GOVERNANCE RULES OF THE WASHINGTON STATE CREDIT UNION ACT AND THE RULES AND REGULATIONS OF THE NCUA, ACCORDINGLY. THOSE LAWS AND REGULATIONS ALLOW FOR THE MEMBERSHIP OF THE CREDIT UNION TO ELECT THE BOARD MEMBERS FROM THE MEMBERSHIP THROUGH A NOMINATING COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY A PUBLIC ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY THE CREDIT UNION'S CFO. FORM 990 IS THEN REVIEWED BY THE CFO. FORM 990, PART VI, SECTION B, LINE 15A THE CEO'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THE BOARD OF DIRECTORS EMPLOYS THE SERVICES OF AN INDEPENDENT COMPENSATION CONSULTANT WHO USES A VARIETY OF METHODS INCLUDING COMPENSATION SURVEYS OF SIMILAR POSITIONS. THE COMPENSATION OF OTHER KEY EMPLOYEES IS SET BY THE CREDIT UNION'S CEO WHO USES A VARIETY OF METHODS INCLUDING COMPENSATION SURVEYS OF SIMILAR POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC IN ACCORDANCE WITH THE WASHINGTON STATE CREDIT UNION ACT AND THE RULES AND REGULATIONS OF THE NCUA. FORM 990, PART XI, LINE 9: FASB 158 OTHER POST-RETIREMENT BENEFIT INCOME 32,439. FASB 158 DB PENSION COMPREHENSIVE LOSS 1,869,016.