2021-10-28T14:02:57-05:00 2020-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2020-01-01 911792217 HAPO COMMUNITY CREDIT UNION HAPO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 SCOTT MITCHELL CFO 5099435676 2021-10-13 1 SCOTT MITCHELL 999009999 EMINA O CRESSWELL CPA P01217304 5097472600 2021-10-13 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DOLORES BROESKE 601 WILLIAMS BLVD RICHLAND WA 99354 119360960 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. 6 6 526 5 339347 67562 0 0 108671054 112944205 1929373 488170 3409317 702845 114009744 114135220 726176 585319 0 0 37450671 38635256 0 0 0 63151327 64530175 101328174 103750750 12681570 10384470 1799616112 2052246961 1659403243 1908510456 140212869 143736505 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 185,000 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 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19676 0 1 526 1 1 1 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 1 1 1 0 0 1 1 0 0 0 1 1 0 0 X SCOTT MITCHELL CFO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 KENNETH HOENBERG DIRECTOR/BOARD VICE CHAIR 5.00 X X 38475 0 0 WILLIAM TANNER DIRECTOR/BOARD CHAIR 3.00 X X 26842 0 0 KENNETH GALE DIRECTOR/BOARD TREASURER 3.00 X X 20592 0 0 RICHARD CUMMINS DIRECTOR/BOARD SECRETARY 3.00 X X 19500 0 0 WILLIAM SARACENO DIRECTOR 2.00 X 22250 0 0 WILLIAM CLARKE DIRECTOR 2.00 X 19842 0 0 DOLORES BROESKE PRESIDENT/CEO (AS OF 04/20) 40.00 X 830610 0 406456 STEVEN ANDERSON PRESIDENT/CEO (THRU 04/20) 40.00 X 874017 0 129900 JESSICA GAUDREAULT SR VP/CRO 40.00 X 373955 0 461257 SCOTT MITCHELL SR VP/CFO 40.00 X 486458 0 338714 RUBY CAMPOS SR VP/COO 40.00 X 461129 0 332769 CAROLYN O'NIEL SR VP/CDO 40.00 X 467310 0 279915 CHARLES MARCH VP OF INFORMATION SYSTEMS 40.00 X 301489 0 113712 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 40.00 X 226831 0 112493 MONTE DRAKE VP OF COMMERCIAL SERVICES 40.00 X 215919 0 107448 MARCUS HALL VP OF LENDING 40.00 X 201412 0 75109 JEREMY O'NIEL VP OF MARKETING 40.00 X 209654 0 66646 NOEMY CORREA VP OF BRANCH OPERATIONS 40.00 X 174106 0 94519 DONALD FRIGAARD VP OF MORTGAGE OPERATIONS 40.00 X 162799 0 102987 MICHAEL WALKER VP OF SUPPORT SERVICES 40.00 X 186368 0 76883 JANEL MARINO VP OF BRANCH MANAGEMENT 40.00 X 162253 0 100341 ALMA FEIL VP OF BUSINESS DEVELOPMENT 40.00 X 155064 0 80179 NICOLE PRINCE VP OF HUMAN RESOURCES 40.00 X 152703 0 69655 ROMELIA COCKRUM DIRECTOR OF MORTGAGE OPERATIONS 40.00 X 197134 0 19021 THOMOTHY BRIGMAN EXTERNAL MORTGAGE LOAN OFFICER 40.00 X 153384 0 17818 JENNIFER GIBBONS MORTGAGE LOAN OFFICER ASSISTANT 40.00 X 145669 0 12785 6285765 0 2998607 35 0 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 SOFTWARE AND SUPPORT SERVICES 1708869 GLORY GLOBAL SOLUTIONS INC 2441 WARRENVILLE RD LISLE IL 60532 EQUIPMENT AND SUPPORT SERVICES 971229 DIEBOLD PO BOX 643543 PITTSBURGH PA 15264 EQUIPMENT AND SUPPORT SERVICES 898878 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 SOFTWARE AND SUPPORT SERVICES 746722 CHARTER COMMUNICATIONS PO BOX 94188 PALATINE IL 60094 INTERNET SERVICES 641209 64 MEMBER LOAN INTEREST 522100 82459201 82459201 DEBIT/CREDIT/ATM INTERCHANGE 522100 16366604 16366604 MEMBER FEES & CHARGES 522100 14118400 14118400 112944205 646445 646445 205091 205091 551721 393314 158407 158407 158407 4674151 4639883 192543 34268 -192543 -158275 -158275 282 0 282 282 NON-MEMBER ATM FEES 522100 254452 254452 MBP SALES TO MEMBERS 524298 84192 84192 MEMBER INSURANCE SALES 524298 421 421 339065 114135220 112944205 339347 851668 585319 8030655 20976616 4056117 3494065 2077803 83702 176494 2402249 808248 3762128 4701528 2201583 190902 220597 13050023 4946166 339852 PROVISION FOR LOAN LOSS 11050542 LOAN ORIGINATION COSTS 8524844 DEBIT CARD & ATM COSTS 5861978 CREDIT & COLLECTION EXP 4408936 1800403 103750750 16353771 24281686 94543142 267472218 5369009 9194232 1554396474 1610667912 18497727 18195637 112791344 43484873 71893833 69306471 4639883 0 7692248 8088323 26230025 45040482 1799616112 2052246961 29030550 30237753 36465 0 35000000 35000000 1595336228 1843272703 1659403243 1908510456 X 0 0 0 0 140212869 143736505 140212869 143736505 1799616112 2052246961 X 10384470 -6860834 X 0 0 0 0 1 X 12197077 12197077 66771495 20615117 46156378 33822772 22869756 10953016 69306471 MEMBER DEPOSITS 1843272703 1843272703 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 CITY OF RICHLAND PO BOX 190 RICHLAND WA 99352 916015119 MUNICIPALITY 49000 JOHN DAM PLAZA PARK STAGE AND VARIOUS LOCAL EVENT SPONSORSHIPS STATE OF WASHINGTON PUBLIC INSTRUCTION 600 WASHINGTON STREET SE OLYMPIA WA 98504 916001112 STATE OF WA 22700 FINANCIAL LITERACY GUIDE FOR PUBLIC SCHOOLS GREATER VANCOUVER CHAMBER OF COMMERCE PO BOX 2025 VANCOUVER WA 98668 910452260 501(C)(6) 10000 VARIOUS EVENT SPONSORSHIPS FRANKLIN COUNTY 6600 BURDEN BLVD PASCO WA 99301 916001315 MUNICIPALITY 100000 HAPO CENTER NAMING RIGHTS NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BVLD STE 350 SEA TAC WA 98188 910460483 501(C)(3) 23500 CU 4 KIDS EVENT SPONSOR CITY OF PASCO 525 N 3RD AVE PASCO WA 99301 916001264 MUNICIPALITY 25000 POLICE K9 DOG TOYOTA CENTER AND ARENA 7000 W GRANDRIDGE BLVD KENNEWICK WA 99336 916001253 58125 HAPO HANGOUT NAMING RIGHS TRI CITIES WATER FOLLIES ASSOCIATION 621 N GUM ST KENNEWICK WA 99336 919090434 501(C)(4) 50000 AIR SHOW EVENT SPONSOR TRI CITY CANCER CENTER 7350 W DESCHUTES AVE KENNEWICK WA 99336 911739024 501(C)(3) 75500 ANNUAL DONATION TRI CITY REGIONAL CHAMBER OF COMMERCE 7130 W GRANDRIDGE BLVD KENNEWICK WA 99336 204120487 501(C)(6) 5750 VIRTUAL DIVERSITY SUMMIT SPONSOR BOYS AND GIRLS CLUB PO BOX 1322 PASCO WA 99301 911673327 501(C)(3) 23000 VARIOUS EVENT SPONSORSHIPS CREDIT UNION NATIONAL ASSOCIATION PO BOX 78546 MILWAUKEE WI 53278 237065623 33333 CREDIT UNION AWARENESS CAMPAIGN FIRST STORY 963 SW SIMPSON AVE SUITE 110 BEND OR 97702 911755886 501(C)(3) 6250 EVENT SPONSOR SOUTHWESTERN WASHINGTON WORKFORCE DEVELOPMENT COUNCIL 805 BROADWAY STREET SUITE 412 VANCOUVER WA 98660 010726348 501(C)(3) 6000 FOOD PROVISIONS SPONSOR 9 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 X 1 0 X X X X 0 1 0 DOLORES BROESKE PRESIDENT/CEO (AS OF 04/20) 699432 0 98562 0 32616 0 386246 0 20210 0 1237066 0 0 0 STEVEN ANDERSON PRESIDENT/CEO (THRU 04/20) 539673 0 322329 0 12015 0 119128 0 10772 0 1003917 0 0 0 JESSICA GAUDREAULT SR VP/CRO 274975 0 97000 0 1980 0 434203 0 27054 0 835212 0 0 0 SCOTT MITCHELL SR VP/CFO 360749 0 104229 0 21480 0 311917 0 26797 0 825172 0 0 0 RUBY CAMPOS SR VP/COO 341135 0 98562 0 21432 0 305903 0 26866 0 793898 0 0 0 CAROLYN O'NIEL SR VP/CDO 343279 0 99235 0 24796 0 258550 0 21365 0 747225 0 0 0 CHARLES MARCH VP OF INFORMATION SYSTEMS 271484 0 27701 0 2304 0 85619 0 28093 0 415201 0 0 0 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 203594 0 1562 0 21675 0 84716 0 27777 0 339324 0 0 0 MONTE DRAKE VP OF COMMERCIAL SERVICES 192973 0 19079 0 3867 0 85677 0 21771 0 323367 0 0 0 MARCUS HALL VP OF LENDING 181183 0 18654 0 1575 0 47741 0 27368 0 276521 0 0 0 JEREMY O'NIEL VP OF MARKETING 188455 0 19600 0 1599 0 38208 0 28438 0 276300 0 0 0 NOEMY CORREA VP OF BRANCH OPERATIONS 156288 0 16333 0 1485 0 68152 0 26367 0 268625 0 0 0 DONALD FRIGAARD VP OF MORTGAGE OPERATIONS 144622 0 15736 0 2441 0 77329 0 25658 0 265786 0 0 0 MICHAEL WALKER VP OF SUPPORT SERVICES 165458 0 17188 0 3722 0 65208 0 11675 0 263251 0 0 0 JANEL MARINO VP OF BRANCH MANAGEMENT 143052 0 17575 0 1626 0 73840 0 26501 0 262594 0 0 0 ALMA FEIL VP OF BUSINESS DEVELOPMENT 137060 0 14161 0 3843 0 53428 0 26751 0 235243 0 0 0 NICOLE PRINCE VP OF HUMAN RESOURCES 136770 0 14492 0 1441 0 43527 0 26128 0 222358 0 0 0 ROMELIA COCKRUM DIRECTOR OF MORTGAGE OPERATIONS 100219 0 95472 0 1443 0 4907 0 14114 0 216155 0 0 0 THOMOTHY BRIGMAN EXTERNAL MORTGAGE LOAN OFFICER 35300 0 117254 0 830 0 4592 0 13226 0 171202 0 0 0 JENNIFER GIBBONS MORTGAGE LOAN OFFICER ASSISTANT 51228 0 94383 0 58 0 4368 0 8417 0 158454 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. HEALTH CLUB DUES ARE PROVIDED TO EMPLOYEE OFFICERS OF THE CREDIT UNION AND SUCH PAYMENTS ARE INCLUDED IN COMPENSATION. PART I, LINE 1B PAYMENT FOR ANY AND ALL REIMBURSABLE EXPENSES MUST HAVE SUFFICIENT SUPPORTING DOCUMENTATION OR EXPLANATION. PART I, LINE 4B CURRENT CEO: $250,000 ACCRUAL OF 457(F) PLAN. SR VP/CDO: $250,000 ACCRUAL OF 457(F) PLAN. CURRENT CFO: $250,000 ACCRUAL OF 457(F) PLAN. SR VP/COO: $250,000 ACCRUAL OF 457(F) PLAN. SR VP/CRO: $250,000 ACCRUAL OF 457(F) PLAN. FORM 990, PART VI, SECTION A, LINE 6 HAPO IS A FEDERALLY INSURED CREDIT UNION, CHARTERED IN THE STATE OF WASHINGTON. 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. 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. 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 -108,668. FASB 158 DB PENSION COMPREHENSIVE LOSS -6,719,673. OTHER COMPREHENSIVE INCOME LOSS -32,493.