2023-11-14T18:31:43-06:00 2022-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2022-01-01 911792217 HAPO COMMUNITY CREDIT UNION HAPO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 SCOTT MITCHELL CFO 5099435676 2023-11-14 1 SCOTT MITCHELL 999009999 0 EMINA O CRESSWELL CPA P01217304 5097472600 2023-11-14 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DOLORES BROESKE 601 WILLIAMS BLVD RICHLAND WA 99354 128651771 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 6 598 7 394976 43838 0 0 116938410 123221178 486891 3542335 928510 906483 118353811 127669996 733030 854194 0 0 41860040 43402506 0 0 0 55901544 63518916 98494614 107775616 19859197 19894380 2255622236 2335412553 2091782103 2137266605 163840133 198145948 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 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 1 0 0 0 0 0 0 0 0 0 0 0 0 1 22348 0 1 598 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 1 1 1 0 0 OR X SCOTT MITCHELL CFO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 KENNETH GALE TREASURER OF THE BOARD 3.00 X X 32087 0 0 KENNETH HOHENBERG DIRECTOR/BOARD CHAIR 5.00 X X 42651 0 0 RICHARD CUMMINS DIRECTOR/BOARD SECRETARY 3.00 X X 21500 0 0 WILLIAM CLARKE DIRECTOR 2.00 X 20937 0 0 WILLIAM SARACENO DIRECTOR 2.00 X 25250 0 0 WILLIAM TANNER DIRECTOR/BOARD VICE CHAIR 3.00 X X 27176 0 0 DOLORES BROESKE SR VP/CEO 40.00 X 1556233 0 60411 RUBY CAMPOS SR VP/COO 40.00 X 1062383 0 49924 JESSICA GAUDREAULT SR VP/CRO 40.00 X 1038937 0 67552 SCOTT MITCHELL SR VP/CFO 40.00 X 1135000 0 67057 ASHLEY WARD SR VP/CIO 40.00 X 373958 0 15380 CAROLYN O'NIEL SR VP/CDO (THRU 12/22) 40.00 X 1058373 0 28306 NOEMY CORREA VP OF BRANCH MANAGEMENT 40.00 X 188597 0 51363 MONTE DRAKE VP OF COMMERCIAL SERVICES 40.00 X 232965 0 28732 DONALD FRIGAARD VP OF MORTGAGE 40.00 X 202057 0 49681 JENIFER GATELEY SR VP/CRO 40.00 X 164483 0 36342 MARCUS HALL VP OF CONSUMER LENDING 40.00 X 227400 0 54593 JANEL MARINO VP OF MARKETING 40.00 X 188262 0 48719 JEREMY O'NIEL VP OF MARKETING 40.00 X 227437 0 54408 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 40.00 X 296659 0 65055 NICOLE PRINCE VP OF HUMAN RESOURCES 40.00 X 176458 0 47690 ROBERT CARTER SYSTEM ENGINEER MANAGER 40.00 X 172188 0 40182 ROMELIA COCKRUM DIRECTOR OF MORTGAGE OPERATIONS 40.00 X 164249 0 34580 ALMA FEIL MORTGAGE LOAN OFFICER 40.00 X 182589 0 45852 AARON FOX SOFTWARE ENGINEER MANAGER 40.00 X 163485 0 46571 ENIF MICHAEL VP OF CARD SERVICES 40.00 X 352828 0 49202 JOHN SCHNELLBACH FORMER CFO 0.00 X 74992 0 0 9409134 0 941600 59 1 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING AND IT SOFTWARE SERVICES 2575776 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 753952121 IT SOFTWARE AND HARDWARE SERVICES 1413118 CORWIN FORD TRI-CITIES 1225 N AUTOPLEX WAY PASCO WA 99301 DEALER DIRECT RESERVE COMPENSATION 1053250 RIGHT SYSTEMS INC PO BOX 11626 TACOMA WA 98411 IT SOFTWARE AND HARDWARE SERVICES 781749 DIEBOLD PO BOX 643543 PITTSBURGH PA 152643543 ATM MACHINES AND MAINTENANCE 698353 82 MEMBER LOAN INTEREST 522100 85992805 85992805 DEBIT/CREDIT/ATM INTERCHANGE 522100 22986387 22986387 MEMBER FEES & CHARGES 522100 14241986 14241986 123221178 4232610 4232610 261230 261230 467777 217500 250277 250277 250277 74000 764275 -690275 -690275 -690275 229 0 229 229 NON-MEMBER ATM FEES 522100 260469 260469 MBP SALES TO MEMBERS 524298 133929 133929 MEMBER INSURANCE SALES 524298 349 349 394747 127669996 123221178 394976 4053842 854194 8880846 23385627 3697261 4812843 2625929 83435 147557 2594445 1083272 4615244 6040946 1441845 359835 310454 7397528 3872583 377195 LOAN ORIGINATION COSTS 9261299 DEBIT CARD & ATM COSTS 8183561 PROVISION FOR LOAN LOSS 6301659 CREDIT & COLLECTION EXP 4763141 6684917 107775616 22520846 20204718 311381614 197453892 6822967 11446525 1725300535 1933542747 21029238 22299796 110761305 46585832 67037058 64175473 49936331 0 8519011 11210166 43074636 75079236 2255622236 2335412553 33751065 39405184 25000000 70000000 2033031038 2027861421 2091782103 2137266605 X 0 0 0 0 163840133 198145948 163840133 198145948 2255622236 2335412553 X 19894380 301948 14109487 X 0 0 0 0 1 X 11741103 11741103 67680617 23773312 43907305 31339585 22812520 8527065 64175473 MEMBER DEPOSITS 2027861421 2027861421 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) 27500 0 VARIOUS EVENT SPONSORSHIPS CENTRAL WASHINGTON FAIR ASSOCIATION 1301 S FAIR AVENUR YAKIMA WA 98901 910171268 501(C)(3) 5500 0 STATE FAIR SPONSORSHIP CITY OF RICHLAND PO BOX 190 RICHLAND WA 99352 916015119 MUNICIPALITY 13000 0 JOHN DAM PLAZA PARK STAGE AND VARIOUS LOCAL EVENT SPONSORSHIPS FIRST STORY 963 SW SIMPSON AVE STE 110 BEND OR 97702 911755886 501(C)(3) 6000 0 GENERAL GIFT- GRANT HOUSE DONATION FRANKLIN COUNTY HAPO CENTER 6600 BURDEN BLVD PASCO WA 99301 916001315 MUNICIPALITY 101000 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) 40000 0 CASH FOR KIDS LIVE AUCTION DONATION GREATER VANCOUVER CHAMBER PO BOX 2025 VANCOUVER WA 98668 910452260 501 (C)(6) 5887 0 VARIOUS EVENT SPONSORSHIPS KADLEC FOUNDATION 888 SWIFT BLVD RICHLAND WA 99352 237005501 501 (C)(3) 12000 0 PLEDGE FOR SURGICAL ROBOT MID COLUMBIA BALLET PO BOX 326 RICHLAND WA 99352 910953828 501 (C)(3) 8000 0 GENERAL DONATION SAFE HARBOR CRISIS NURSERY 1111 N GRANT PL KENNEWICK WA 99336 911725914 501 (C)(3) 5380 0 BANQUET SPONSORSHIP SMG TRI CITIES 4304 W 24TH AVE SUITE 200 KENNEWICK WA 99338 364892322 15000 0 LIVE @ 5 SUMMER CONCERT SERIES SPONSOR TOYOTA CENTER AND ARENA 7000 W GRANDRIDGE BLVD KENNEWICK WA 99336 916001253 81667 0 HAPO HANGOUT NAMING RIGHS TRI CITY CANCER CENTER 7350 W DESCHUTES AVE KENNEWICK WA 99336 911739024 501(C)(3) 75250 0 ANNUAL DONATION TRI-CITIES WATER FOLLIES 621 N GUM ST KENNEWICK WA 99336 916060434 501(C)(4) 300000 0 WATER FOLLIES AND AIR SHOW EVENT SPONSOR TRI-CITIES YOUNG LIFE 4415 W CLEARWATER AVE STE 3 KENNEWICK WA 99336 840385934 501(C)(3) 7500 0 GENERAL DONATION WEST RICHLAND AREA CHAMBER OF COMMERCE PO BOX 4023 WEST RICHLAND WA 99353 911954245 501(C)(6) 20000 0 SPEEDFEST EVENT SPONSORSHIP 11 6 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 947813 0 0 0 608420 0 40160 0 20251 0 1616644 0 562500 0 SCOTT MITCHELL SR VP/CFO 548020 0 0 0 586980 0 39773 0 27284 0 1202057 0 562500 0 RUBY CAMPOS SR VP/COO 475405 0 0 0 586978 0 39231 0 10693 0 1112307 0 562500 0 JESSICA GAUDREAULT SR VP/CRO 451957 0 0 0 586980 0 40010 0 27542 0 1106489 0 562500 0 CAROLYN O'NIEL SR VP/CDO (THRU 12/22) 464360 0 4000 0 590013 0 9150 0 19156 0 1086679 0 562500 0 ENIF MICHAEL VP OF CARD SERVICES 35368 0 316700 0 760 0 33076 0 16126 0 402030 0 0 0 ASHLEY WARD SR VP/CIO 351538 0 0 0 22420 0 0 0 15380 0 389338 0 0 0 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 248909 0 23631 0 24119 0 36776 0 28279 0 361714 0 0 0 MARCUS HALL VP OF CONSUMER LENDING 204419 0 19870 0 3111 0 26572 0 28021 0 281993 0 0 0 JEREMY O'NIEL VP OF MARKETING 207026 0 19913 0 498 0 25459 0 28949 0 281845 0 0 0 MONTE DRAKE VP OF COMMERCIAL SERVICES 210898 0 19272 0 2795 0 6905 0 21827 0 261697 0 0 0 DONALD FRIGAARD VP OF MORTGAGE 180585 0 16629 0 4843 0 23901 0 25780 0 251738 0 0 0 NOEMY CORREA VP OF BRANCH MANAGEMENT 169534 0 16307 0 2756 0 24333 0 27030 0 239960 0 0 0 JANEL MARINO VP OF MARKETING 169741 0 15204 0 3317 0 21127 0 27592 0 236981 0 0 0 ALMA FEIL MORTGAGE LOAN OFFICER 110783 0 70879 0 927 0 20611 0 25241 0 228441 0 0 0 NICOLE PRINCE VP OF HUMAN RESOURCES 159483 0 14274 0 2701 0 20818 0 26872 0 224148 0 0 0 ROBERT CARTER SYSTEM ENGINEER MANAGER 167685 0 1042 0 3461 0 19791 0 20391 0 212370 0 0 0 AARON FOX SOFTWARE ENGINEER MANAGER 160916 0 1042 0 1527 0 19126 0 27445 0 210056 0 0 0 JENIFER GATELEY SR VP/CRO 146177 0 16060 0 2246 0 21378 0 14964 0 200825 0 0 0 ROMELIA COCKRUM DIRECTOR OF MORTGAGE OPERATIONS 135152 0 26500 0 2597 0 19274 0 15306 0 198829 0 0 0 JOHN SCHNELLBACH FORMER CFO 74992 0 0 0 0 0 0 0 0 0 74992 0 562500 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 3 SR VP/CEO: $562,500 457(F) PAYOUT. SR VP/CDO: $562,500 457(F) PAYOUT. SR VP/CFO: $562,500 457(F) PAYOUT. SR VP/COO: $562,500 457(F) PAYOUT. SR VP/CRO: $562,500 457(F) PAYOUT. FORMER CFO: $74,992 457(F) PAYOUT. 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. DOLORES BROESKE CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 8637000 8960456 0 1 1 SCOTT MITCHELL CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 4211000 4278587 0 1 1 RUBY CAMPOS CHIEF OPERATIONS OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 2866000 2911999 0 1 1 JESSICA GAUDREAULT CHIEF RISK OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 3099000 3148739 0 1 1 19299781 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 79,658. FASB 158 DB PENSION COMPREHENSIVE LOSS 14,029,829.