2020-11-12T18:36:24-06:00 2019-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2019-01-01 911792217 HAPO COMMUNITY CREDIT UNION HAPO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 SCOTT MITCHELL CFO 5099435676 2020-11-10 1 EMINA O CRESSWELL CPA P01217304 5097472600 2020-11-10 67.161.92.235 2020-11-10 18:55:09 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C07EA3D2EFE7589B691C7C6F5A7C1991A329BAB3 2019 2021-04-22 16:20:28Z DOLORES BROESKE 601 WILLIAMS BLVD RICHLAND WA 99354 114457139 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 6 532 5 282912 56240 0 0 97977340 108671054 1056343 1929373 942216 3409317 99975899 114009744 978098 726176 0 0 34104231 37450671 0 0 0 55038122 63151327 90120451 101328174 9855448 12681570 1688488199 1799616112 1555876477 1659403243 132611722 140212869 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 25751 0 1 532 1 1 1 0 0 0 0 0 1 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 BAYS THROUGH 1219 DIRECTOR/BOARD SECRETARY 3.00 X X 22000 0 14548 KENNETH HOENBERG DIRECTOR/BOARD VICE CHAIR 5.00 X X 20000 0 14548 WILLIAM TANNER DIRECTOR/BOARD CHAIR 3.00 X X 18000 0 1163 KENNETH GALE DIRECTOR/BOARD TREASURER 3.00 X X 18000 0 1163 WILLIAM SARACENO DIRECTOR 2.00 X 20000 0 0 WILLIAM CLARKE DIRECTOR 2.00 X 18000 0 1163 RICHARD CUMMINS DIRECTOR 2.00 X 18000 0 0 STEVEN ANDERSON PRESIDENT/CEO 40.00 X 1747528 0 178375 CAROLYN O'NIEL SR VP/CDO 40.00 X 1192880 0 216166 DOLORES BROESKE SR VP/COS 40.00 X 436804 0 308885 SCOTT MITCHELL SR VP/CFO 40.00 X 458536 0 224184 RUBY CAMPOS SR VP/COO 40.00 X 434699 0 219622 JESSICA GAUDREAULT SR VP/CRO 40.00 X 321087 0 325558 CHARLES MARCH VP OF INFORMATION SYSTEMS 40.00 X 288886 0 128118 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 40.00 X 209817 0 103072 MONTE DRAKE VP OF COMMERCIAL SERVICES 40.00 X 203738 0 100865 MARCUS HALL VP OF LENDING 40.00 X 192818 0 66022 NOEMY CORREA VP OF BRANCH OPERATIONS 40.00 X 169469 0 80206 DONALD FRIGAARD VP OF MORTGAGE OPERATIONS 40.00 X 152804 0 90036 JANEL MARINO VP OF BRANCH MANAGEMENT 40.00 X 155039 0 84601 MICHAEL WALKER VP OF SUPPORT SERVICES 40.00 X 169872 0 68135 JEREMY O'NIEL VP OF MARKETING 40.00 X 183884 0 49248 MARION GOODRICH PRINCIPAL SYSTEMS ENGINEER 40.00 X 142546 0 76995 ALMA FEIL VP OF BUSINESS DEVELOPMENT 40.00 X 148194 0 66975 NIVIE SIZEMORE DIRECTOR OF ACCOUNTING 40.00 X 142472 0 65174 NICOLE PRINCE VP OF HUMAN RESOURCES 40.00 X 146800 0 58103 ROBERT CARTER JR SYSTEMS ENGINEER MANAGER 40.00 X 130557 0 64753 JOHN SCHNELLBACH FORMER CHIEF FINANCIAL OFFICER 0.00 X 756261 0 44919 7918691 0 2652597 28 1 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 SOFTWARE AND SUPPORT SERVICES 1448615 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 753952121 SOFTWARE 752026 DICK HANNAH CHRYSLER PO BOX 1679 VANCOUVER WA 98668 DEALER RESERVES 744940 FUTURE LINK PO BOX 10803 YAKIMA WA 98909 ELECTRICAL CONTRACTOR 714365 CORWIN FORD TRI-CITIES 201 S 40TH STREET FARGO ND 58103 DEALER RESERVES 612035 51 MEMBER LOAN INTEREST 522100 80393138 80393138 DEBIT/CREDIT/ATM INTERCHANGE 522100 14223646 14223646 MEMBER FEES & CHARGES 522100 14054270 14054270 108671054 1929373 1929373 122849 122849 564852 447395 117457 117457 117457 989 0 989 989 GAIN ON MERGER 900099 2886099 2886099 NON-MEMBER ATM FEES 522100 198039 198039 MBP SALES TO MEMBERS 524298 83400 83400 484 484 3168022 114009744 108671054 282912 5055778 726176 8663016 19403972 3281462 3951237 2150984 201580 162938 2588009 1450680 3508810 4507501 1794510 453420 522177 16011452 4754590 279432 INCOME TAXES 60000 PROVISION FOR LOAN LOSS 8470483 LOAN ORIGINATION COSTS 7604323 DEBIT CARD & ATM COSTS 5079209 5702213 101328174 15890035 16353771 57327654 94543142 6273804 5369009 1487740495 1554396474 17033443 18497727 112390805 40496972 72016381 71893833 0 4639883 9537900 7692248 22668487 26230025 1688488199 1799616112 24555290 29030550 1312106 36465 88932000 35000000 1441077081 1595336228 1555876477 1659403243 X 0 0 0 0 132611722 140212869 132611722 140212869 1688488199 1799616112 X 12681570 -5080423 X 0 0 0 0 1 X 12197077 12197077 66358556 18950859 47407697 33792396 21546113 12246283 42776 42776 71893833 MEMBER DEPOSITS 1595336228 1595336228 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 BOYS AND GIRLS CLUB PO BOX 1322 PASCO WA 99301 911673327 501(C)(3) 25100 309 FMV SPONSORSHIP OF GOLF TOURNAMENT, AND FUNDRAISING DINNER AUCTION SPONSORSHIP OF GOLF TOURNAMENT, AND FUNDRAISING DINNER AUCTION CITY OF RICHLAND PO BOX 190 RICHLAND WA 99352 916015119 MUNICIPALITY 30000 JOHN DAM PLAZA PARK STAGE CREDIT UNION NATIONAL ASSOCIATION 5710 MINERAL POINT ROAD MADISON WI 53705 237065623 501(C)(6) 33333 CREDIT UNION AWARENESS CAMPAIGN EVERGREEN SCHOOL DISTRICT # 114 FOUNDATION 13501 NE 28TH STREET VANCOUVER WA 98682 911714854 501(C)(3) 15155 SPONSORSHIP OF FUNDRAISER EVENTS FORT VANCOUVER REGIONAL LIBRARY FOUNDATION PO BOX 2384 VANCOUVER WA 98668 911456753 501(C)(3) 5065 VARIOUS EVENTS SPONSORSHIP AND PLEDGES GIRLS ON THE RUN 801 EAST MOREHEAD STREET SUITE 201 CHARLOTTE NC 28202 463677125 501(C)(3) 10000 VARIOUS EVENTS SPONSORSHIP AND PLEDGES HOME BUILDERS ASSOCIATION OF TRI-CITIES 10001 W CLEARWATER AVE KENNEWICK WA 99336 910742052 501(C)(6) 7050 TRI-CITIES PARADE OF HOMES SPONSORSHIP JUNIOR ACHIEVMENT ONE EDUCATION WAY COLORADO SPRINGS CO 80906 910604913 501(C)(3) 5731 EVENT DONATION KENNEWICK POLICE OFFICERS BENEFIT FOUNDATION 211 W 6TH AVE KENNEWICK WA 99336 911274433 501(C)(4) 7000 VARIOUS EVENTS SPONSOR SMG TRI-CITIES 4304 W 24TH AVE KENNEWICK WA 99338 453627805 28500 LIVE @ 5 CONCERT SERIES SPONSOR NORTHWEST CREDIT UNION FOUNDATION 18000 INTERNATIONAL BLVD STE 350 SEA TAC WA 98188 910460483 501(C)(3) 28550 MAXX CONVENTION FOR KIDS DONATION TRI-CITIES CANCER CENTER FOUNDATION 7350 W DESCHUTES KENNEWICK WA 99336 911739024 501(C)(3) 81910 ANNUAL FOUNDATION PLEDGE TRI CITY WATER FOLLIES ASSOCIATION 621 N GUM ST KENNEWICK WA 99336 919090434 501(C)(4) 300000 BOAT RACE EVENT SPONSOR TRI-CITY REGIONAL CHAMBER OF COMMERCE 7130 W GRANDRIDGE BLVD KENNEWICK WA 99336 204120487 501(C)(6) 17000 VARIOUS EVENTS SPONSOR WISHING STAR FOUNDATION 9 S WASHINGTON ST SUITE 420 SPOKANE WA 99201 943163746 501(C)(3) 7500 FOUNDATION DONATION WOMEN HELPING WOMEN FOUNDATION TRI-CITIES 713 JADWIN AVE ROOM 11 RICHLAND WA 99352 912056891 501(C)(3) 6695 EVENT SPONSOR WORLD COUNCIL OF CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 53705 391143339 501(C)(6) 10000 GENERAL SUPPORT 10 7 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 STEVEN ANDERSON PRESIDENT/CEO 665671 0 301293 0 780564 0 166017 0 12358 0 1925903 0 750000 0 CAROLYN O'NIEL SR VP/CDO 329702 0 86887 0 776291 0 195900 0 20266 0 1409046 0 750000 0 DOLORES BROESKE SR VP/COS 327468 0 88299 0 21037 0 286749 0 22136 0 745689 0 0 0 SCOTT MITCHELL SR VP/CFO 346297 0 91261 0 20978 0 199471 0 24713 0 682720 0 0 0 RUBY CAMPOS SR VP/COO 327468 0 86299 0 20932 0 194840 0 24782 0 654321 0 0 0 JESSICA GAUDREAULT SR VP/CRO 262292 0 57000 0 1795 0 300694 0 24864 0 646645 0 0 0 CHARLES MARCH VP OF INFORMATION SYSTEMS 262635 0 24253 0 1998 0 102151 0 25967 0 417004 0 0 0 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 189180 0 0 0 20637 0 77421 0 25651 0 312889 0 0 0 MONTE DRAKE VP OF COMMERCIAL SERVICES 189141 0 14402 0 195 0 80496 0 20369 0 304603 0 0 0 MARCUS HALL VP OF LENDING 175090 0 16169 0 1559 0 40896 0 25126 0 258840 0 0 0 NOEMY CORREA VP OF BRANCH OPERATIONS 151313 0 16973 0 1183 0 56069 0 24137 0 249675 0 0 0 DONALD FRIGAARD VP OF MORTGAGE OPERATIONS 140072 0 10666 0 2066 0 65007 0 25029 0 242840 0 0 0 JANEL MARINO VP OF BRANCH MANAGEMENT 138391 0 15221 0 1427 0 60432 0 24169 0 239640 0 0 0 MICHAEL WALKER VP OF SUPPORT SERVICES 153851 0 12976 0 3045 0 52968 0 15167 0 238007 0 0 0 JEREMY O'NIEL VP OF MARKETING 185000 0 0 0 -1116 0 25079 0 24169 0 233132 0 0 0 MARION GOODRICH PRINCIPAL SYSTEMS ENGINEER 138062 0 2705 0 1779 0 52256 0 24739 0 219541 0 0 0 ALMA FEIL VP OF BUSINESS DEVELOPMENT 132452 0 11909 0 3833 0 42448 0 24527 0 215169 0 0 0 NIVIE SIZEMORE DIRECTOR OF ACCOUNTING 137655 0 6728 0 -1911 0 41761 0 23413 0 207646 0 0 0 NICOLE PRINCE VP OF HUMAN RESOURCES 132452 0 13231 0 1117 0 34196 0 23907 0 204903 0 0 0 ROBERT CARTER JR SYSTEMS ENGINEER MANAGER 128525 0 962 0 1070 0 49478 0 15275 0 195310 0 0 0 JOHN SCHNELLBACH FORMER CHIEF FINANCIAL OFFICER 6250 0 0 0 750011 0 41854 0 3065 0 801180 0 750000 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: $41,667 ACCRUAL OF 457(F) PLAN, $750,000 VESTING PAYOUT OF 457(F) PLAN. SR VP/COS: $145,833 ACCRUAL OF 457(F) PLAN. SR VP/CDO: $187,500 ACCRUAL OF 457(F) PLAN, $750,000 VESTING PAYOUT OF 457(F) PLAN. CURRENT CFO: $145,833 ACCRUAL OF 457(F) PLAN. FORMER CFO: $750,000 VESTING PAYOUT OF 457(F) PLAN. SR VP/COO: $145,833 ACCRUAL OF 457(F) PLAN. SR VP/CRO: $145,833 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 83,659. FASB 158 DB PENSION COMPREHENSIVE LOSS -5,196,575. OTHER COMPREHENSIVE INCOME LOSS 32,493.