2022-09-16T16:07:32-05:00 2021-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2021-01-01 911792217 HAPO COMMUNITY CREDIT UNION HAPO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 SCOTT MITCHELL CFO 5099435676 2022-08-25 1 SCOTT MITCHELL 999009999 EMINA O CRESSWELL CPA P01217304 5097472600 2022-08-25 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DOLORES BROESKE 601 WILLIAMS BLVD RICHLAND WA 99354 118705888 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 6 590 7 419956 46599 0 0 112944205 116938410 488170 486891 702845 928510 114135220 118353811 585319 733030 0 0 38635256 41860040 0 0 0 64530175 55901544 103750750 98494614 10384470 19859197 2052246961 2255622236 1908510456 2091782103 143736505 163840133 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 19886 0 1 590 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 HOENBERG DIRECTOR/BOARD VICE CHAIR 5.00 X X 39225 0 0 WILLIAM TANNER DIRECTOR/BOARD CHAIR 3.00 X X 27091 0 0 KENNETH GALE DIRECTOR/BOARD TREASURER 3.00 X X 21091 0 0 RICHARD CUMMINS DIRECTOR/BOARD SECRETARY 3.00 X X 20000 0 0 WILLIAM SARACENO DIRECTOR 2.00 X 23000 0 0 WILLIAM CLARKE DIRECTOR 2.00 X 20091 0 0 DOLORES BROESKE PRESIDENT/CEO 40.00 X 1114887 0 394173 SCOTT MITCHELL SR VP/CFO 40.00 X 887936 0 361390 JESSICA GAUDREAULT SR VP/CRO 40.00 X 734462 0 479852 CAROLYN O'NIEL SR VP/CDO 40.00 X 758550 0 353034 RUBY CAMPOS SR VP/COO 40.00 X 783951 0 283464 CHARLES MARCH VP OF INFORM. SYSTEMS (THRU 011/21) 40.00 X 356194 0 139295 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 40.00 X 263679 0 171137 MONTE DRAKE VP OF COMMERCIAL SERVICES 40.00 X 229905 0 120445 MARCUS HALL VP OF LENDING 40.00 X 213752 0 100792 DONALD FRIGAARD VP OF MORTGAGE OPERATIONS 40.00 X 191791 0 119469 JEREMY O'NIEL VP OF MARKETING 40.00 X 222531 0 82402 MICHAEL WALKER VP OF SUPPORT SERVICES 40.00 X 194183 0 82850 NOEMY CORREA VP OF BRANCH OPERATIONS 40.00 X 186734 0 88857 JANEL MARINO VP OF BRANCH MANAGEMENT 40.00 X 172457 0 99954 JENIFER GATELEY VP OF CARD SERVICES 40.00 X 154483 0 78645 ENIF MICHAEL MORTGAGE LOAN OFFICER 40.00 X 269564 0 104245 TIMOTHY BRIGMAN MORTGAGE LOAN OFFICER 40.00 X 210249 0 92554 ROMELIA COCKRUM DIRECTOR OF MORTGAGE OPERATIONS 40.00 X 168347 0 121137 NICOLE PRINCE VP OF HUMAN RESOURCES 40.00 X 161977 0 98333 ALMA FEIL MORTGAGE LOAN OFFICER 40.00 X 149297 0 102513 STEVEN ANDERSON FORMER PRESIDENT/CEO 0.00 X 312664 0 0 7888091 0 3474541 48 1 1 0 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 SOFTWARE AND SUPPORT SERVICES 1891282 RIGHT SYSTEMS INC PO BOX 11626 TACOMA WA 98411 IT SOFTWARE AND HARDWARE SERVICES 1083948 DICK HANNAH CHRYSLER PO BOX 1679 VANCOUVER WA 98668 DEALER DIRECT RESERVE COMPENSATION 997571 CORWIN FORD TRI CITIES 1225 N AUTOPLEX WAY PASCO WA 99301 DEALER DIRECT RESERVE COMPENSATION 815108 CHARTER COMMUNICATIONS PO BOX 94188 PALATINE IL 60094 INTERNET SERVICES 656532 69 MEMBER LOAN INTEREST 522100 81097997 81097997 DEBIT/CREDIT/ATM INTERCHANGE 522100 20977419 20977419 MEMBER FEES & CHARGES 522100 14862994 14862994 116938410 592982 592982 261985 261985 492555 245986 246569 246569 246569 106091 -106091 -106091 -106091 356 0 356 356 NON-MEMBER ATM FEES 522100 303872 303872 MBP SALES TO MEMBERS 524298 115305 115305 MEMBER INSURANCE SALES 524298 423 423 419600 118353811 116938410 419956 995445 733030 9190639 21902355 4320595 4170912 2275539 69368 122780 2248309 966562 3983639 4822775 1464031 239959 171771 8469496 4614742 350141 LOAN ORIGINATION COSTS 9293644 DEBIT CARD & ATM COSTS 7427505 PROVISION FOR LOAN LOSS 5706897 CREDIT & COLLECTION EXP 4348604 1601321 98494614 24281686 22520846 267472218 311381614 9194232 6822967 1610667912 1725300535 18195637 21029238 110452160 43415102 69306471 67037058 49936331 8088323 8519011 45040482 43074636 2052246961 2255622236 30237753 33751065 35000000 25000000 1843272703 2033031038 1908510456 2091782103 X 0 0 0 0 143736505 163840133 143736505 163840133 2052246961 2255622236 X 19859197 244431 X 0 0 0 0 1 X 12170838 12170838 67154007 22227610 44926397 31127315 21187492 9939823 67037058 MEMBER DEPOSITS 2033031038 2033031038 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 34000 0 JOHN DAM PLAZA PARK STAGE AND VARIOUS LOCAL EVENT SPONSORSHIPS FRANKLIN COUNTY 6600 BURDEN BLVD PASCO WA 99301 916001315 MUNICIPALITY 102490 0 HAPO CENTER NAMING RIGHTS FRIENDS OF MID COLUMBIA LIBRARIES 1620 S UNION ST KENNEWICK WA 99338 916050122 501(C)(3) 7000 0 READING AND LITERACY PROGRAM DONATION NORTHWEST CREDIT UNION ASSOCIATION 18000 INTERNATIONAL BVLD STE 350 SEA TAC WA 98188 910460483 501(C)(3) 22700 0 CU 4 KIDS EVENT SPONSOR, MAXX EVENT SPONSOR TOYOTA CENTER AND ARENA 7000 W GRANDRIDGE BLVD KENNEWICK WA 99336 916001253 74374 0 HAPO HANGOUT NAMING RIGHS TRI CITY CANCER CENTER 7350 W DESCHUTES AVE KENNEWICK WA 99336 911739024 501(C)(3) 75000 0 ANNUAL DONATION BOYS AND GIRLS CLUB PO BOX 1322 PASCO WA 99301 911673327 501(C)(3) 13472 0 VARIOUS EVENT SPONSORSHIPS CREDIT UNION NATIONAL ASSOCIATION PO BOX 78546 MILWAUKEE WI 53278 237065623 501(C)(6) 33333 0 CREDIT UNION AWARENESS CAMPAIGN CENTRAL WASHINGTON FAIR ASSOCIATION 1301 S FAIR AVE YAKIMA WA 98901 910171268 501(C)(3) 13500 0 SPRING FEST AND STATE FAIR SPONSORSHIP TRI-CITIES YOUNG LIFE 4415 W CLEARWATER AVE STE 3 KENNEWICK WA 99336 840385934 501(C)(3) 9000 0 GENERAL DONATION WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 53705 399063210 10000 0 BRIDGE THE GAP CAMPAIGN DONATION SMG TRI-CITIES 4304 W 24TH AVE STE 200 KENNEWICK WA 99338 364892322 15000 0 LIVE @ 5 SUMMER CONCERT SERIES SPONSOR GREATER VANCOUVER CHAMBER OF COMMERCE PO BOX 2025 VANCOUVER WA 98668 910452260 501(C)(6) 7029 0 VARIOUS EVENT SPONSORSHIPS KENNEWICK POLICE 211 W 6TH AVE KENNEWICK WA 99336 911274433 501(C)(4) 6000 0 NATIONAL NIGHT OUT TRI CITIES WATER FOLLIES ASSOCIATION 621 N GUM ST KENNEWICK WA 99336 919090434 501(C)(4) 185000 0 WATER FOLLIES AND AIR SHOW EVENT SPONSOR 8 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 DOLORES BROESKE PRESIDENT/CEO 886120 0 0 0 228767 0 373580 0 20593 0 1509060 0 187500 0 SCOTT MITCHELL SR VP/CFO 496375 0 182164 0 209397 0 333753 0 27637 0 1249326 0 0 0 JESSICA GAUDREAULT SR VP/CRO 428788 0 96460 0 209214 0 451958 0 27894 0 1214314 0 0 0 CAROLYN O'NIEL SR VP/CDO 442917 0 103204 0 212429 0 325397 0 27637 0 1111584 0 0 0 RUBY CAMPOS SR VP/COO 453013 0 121589 0 209349 0 258700 0 24764 0 1067415 0 0 0 CHARLES MARCH VP OF INFORM. SYSTEMS (THRU 011/21) 241708 0 33431 0 81055 0 113931 0 25364 0 495489 0 0 0 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 215798 0 25998 0 21883 0 142519 0 28618 0 434816 0 0 0 MONTE DRAKE VP OF COMMERCIAL SERVICES 202573 0 25755 0 1577 0 98287 0 22158 0 350350 0 0 0 MARCUS HALL VP OF LENDING 188394 0 23453 0 1905 0 72573 0 28219 0 314544 0 0 0 DONALD FRIGAARD VP OF MORTGAGE OPERATIONS 169494 0 18841 0 3456 0 94037 0 25432 0 311260 0 0 0 JEREMY O'NIEL VP OF MARKETING 198815 0 24535 0 -819 0 53111 0 29291 0 304933 0 0 0 MICHAEL WALKER VP OF SUPPORT SERVICES 170643 0 21388 0 2152 0 71233 0 11617 0 277033 0 0 0 NOEMY CORREA VP OF BRANCH OPERATIONS 162809 0 22404 0 1521 0 61643 0 27214 0 275591 0 0 0 JANEL MARINO VP OF BRANCH MANAGEMENT 151685 0 18750 0 2022 0 72578 0 27376 0 272411 0 0 0 JENIFER GATELEY VP OF CARD SERVICES 139490 0 13950 0 1043 0 63583 0 15062 0 233128 0 0 0 ENIF MICHAEL MORTGAGE LOAN OFFICER 56141 0 213195 0 228 0 85291 0 18954 0 373809 0 0 0 TIMOTHY BRIGMAN MORTGAGE LOAN OFFICER 36000 0 173935 0 314 0 76521 0 16033 0 302803 0 0 0 ROMELIA COCKRUM DIRECTOR OF MORTGAGE OPERATIONS 130112 0 36494 0 1741 0 105703 0 15434 0 289484 0 0 0 NICOLE PRINCE VP OF HUMAN RESOURCES 142515 0 17985 0 1477 0 71355 0 26978 0 260310 0 0 0 ALMA FEIL MORTGAGE LOAN OFFICER 137254 0 11293 0 750 0 74966 0 27547 0 251810 0 0 0 STEVEN ANDERSON FORMER PRESIDENT/CEO 0 0 0 0 312664 0 0 0 0 0 312664 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 AND $187,500 457(F) PAYOUT. 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 35,475. FASB 158 DB PENSION COMPREHENSIVE LOSS 208,956.