2025-06-18T15:36:53-05:00 2024-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2024-01-01 911792217 HAPO COMMUNITY CREDIT UNION HAPO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 PAUL PEDERSEN CFO 5099435676 2025-06-18 1 1 EMINA O CRESSWELL CPA P01217304 5097472600 2025-06-18 2024 2025-03-06 01:10:19Z SCOTT MITCHELL 601 WILLIAMS BLVD RICHLAND WA 99354 171321797 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 7 622 8 266851 0 0 0 143599950 153582432 10699878 16701086 833700 890453 155133528 171173971 719421 616582 0 0 45886801 49635093 0 0 0 74903709 89330775 121509931 139582450 33623597 31591521 2368391971 2370077415 2134311911 2101400807 234080060 268676608 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 21463 0 1 622 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 PAUL PEDERSEN CFO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 WILLIAM TANNER VICE CHAIRMAN 3.00 X X 32150 0 0 KENNETH GALE TREASURER 3.00 X X 27587 0 0 WILLIAM CLARKE DIRECTOR 2.00 X 25187 0 0 RICHARD CUMMINS SECRETARY 3.00 X X 26400 0 0 KENNETH HOHENBERG CHAIRMAN 5.00 X X 35345 0 0 WILLIAM SARACENO DIRECTOR 2.00 X 31200 0 0 DOUG CARL DIRECTOR 2.00 X 40235 0 0 DOLORES BROESKE SR VP/CEO (THRU 7/24) 40.00 X 1042770 0 51967 SCOTT MITCHELL SR VP/CEO 40.00 X 900012 0 135782 PAUL PEDERSEN SR VP/CFO 40.00 X 390537 0 143999 RUBY CAMPOS SR VP/COO 40.00 X 626652 0 61180 JESSICA GAUDREAULT SR VP/CRO 40.00 X 602810 0 64932 ASHLEY WARD CHIEF INFORMATION OFFICER 40.00 X 535726 0 49689 MARCUS HALL CHIEF LENDING OFFICER 40.00 X 508749 0 95988 MONTE DRAKE VP OF COMMERCIAL SERVICES 40.00 X 273903 0 29281 ERIC FUHRIMAN VP OF INFORMATION SECURITY 40.00 X 200695 0 43338 JEREMY O'NIEL VP OF MARKETING 40.00 X 267394 0 53852 JANEL MARINO VP OF BRANCH MANAGEMENT/MEMBER EXPERIENCE 40.00 X 222809 0 48139 NOEMY CORREA VP OF BRANCH OPERATIONS 40.00 X 225374 0 51015 NICOLE PRINCE VP OF HUMAN RESOURCES 40.00 X 220111 0 48879 JENIFER GATELEY VP OF CARD SERVICES 40.00 X 195814 0 44301 JASON LACHER VP OF INFORMATION SYSTEMS 40.00 X 275150 0 47259 ISELDA TORRES VP OF ASSET RECOVERY 40.00 X 180300 0 45842 AMBER WILLIAMS VP OF LOAN SUPPORT AND SERVICING 40.00 X 180096 0 41477 CRYSTAL CONTRERAS VP OF COMMUNITY ENGAGEMENT 40.00 X 159081 0 39970 ROBERT GALE DIRECTOR OF COMMERCIAL SERVICES 40.00 X 172271 0 44122 ROBERT STAFFORD DIRECTOR OF FINANCE 40.00 X 176695 0 45936 ROBERT CARTER IT DISASTER RECOVERY AND DATA CENTER MANAGER 40.00 X 190636 0 26094 AARON FOX SOFTWARE ENGINEER MANAGER 40.00 X 194355 0 46542 ROMELIA COCKRUM DIRECTOR OF MORTGAGE 40.00 X 174132 0 35509 JESSE WILSON COMMERCIAL RELATIONSHIP MANAGER II 40.00 X 171483 0 34115 DARROL FLUCKIGER MORTGAGE UNDERWRITING MANAGER 40.00 X 151575 0 41936 CAROLYN O'NEIL FORMER SR VP/CDO 40.00 X 125734 0 0 8582968 0 1371144 61 1 1 0 DIGITAL FIRST HOLDINGS LLC (NCR) PO BOX 740641 LOS ANGELES CA 900740641 ONLINE BANKING & IT SOFTWARE 2496317 MOMENTUM INC 109 BELL STREET SUITE B SEATTLE WA 98121 CONSTRUCTION 2431224 STRATEGIC RESOURCE MANAGEMENT INC 5100 POPLAR AVE SUITE 2500 MEMPHIS TN 38137 PROFESSIONAL 1806642 CORELATION INC 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 IT SOFTWARE & SUPPORT 1473100 SHI INTERNATIONAL CORP PO BOX 952121 DALLAS TX 753952121 IT SOFTWARE & HARDWARE 1131967 73 MEMBER LOAN INTEREST 522100 114494081 114494081 DEBIT/CREDIT/ATM INTERCHANGE 522100 24362495 24362495 MEMBER FEES & CHARGES 522100 14725856 14725856 153582432 16701086 16701086 415767 415767 355661 147826 207835 207835 207835 285 0 285 285 NON-MEMBER ATM FEES 522100 174620 174620 MBP SALES TO MEMBERS 524298 91685 91685 MEMBER INSURANCE SALES 524298 261 261 266566 171173971 153582432 266851 17324688 616582 8705530 31790724 2027199 4093917 3017723 195636 244048 3408806 1129707 4382179 7542628 2117005 492875 461138 33224896 3922699 378344 PROVISION FOR LOAN LOSS 10682494 LOAN ORIGINATION COSTS 7650422 DEBIT CARD & ATM COSTS 6111645 UBI TAXES 42000 7344253 139582450 19960977 25046795 289874587 294626982 12318018 7002869 19524008 20956824 1851364670 1847403686 20867069 19604267 118106050 50609087 66513495 67496963 13259178 13155679 74709969 74783350 2368391971 2370077415 47889422 34056536 140000000 110000000 1946422489 1957344271 2134311911 2101400807 X 0 0 0 0 234080060 268676608 234080060 268676608 2368391971 2370077415 X 31591521 1713069 1291958 X 0 0 0 23326 0 23326 23326 1 CREDIT UNION LEGISLATIVE ACTION FUND 18000 INTERNATIONAL BLVD SUITE 110 SEATAC WA 98188 800043051 23326 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 75159316 27000004 48159312 67578 67578 31793624 23609083 8184541 67496963 MEMBER DEPOSITS 1957344271 1957344271 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 BUILDING INDUSTRY ASSOCIATION OF CLARK COUNTY 103 E 29TH ST VANCOUVER WA 98663 910906923 501 (C)(3) 7655 0 VARIOUS EVENT SPONSORSHIPS BOYS AND GIRLS CLUB PO BOX 1322 PASCO WA 99301 911673327 501 (C)(3) 11000 0 VARIOUS EVENT SPONSORSHIPS COLUMBIA BASIN COLLEGE FOUNDATION 2600 N 20TH AVE MS-F1 PASCO WA 99301 911307538 501 (C)(3) 21000 0 LEARNING LOBBY AND EVENT DONATION CENTRAL WASHINGTON FAIR ASSOCIATION 1301 S FAIR AVENUR YAKIMA WA 98901 910171268 501 (C)(3) 7500 0 STATE FAIR SPONSORSHIP CITY OF RICHLAND PO BOX 190 RICHLAND WA 99352 916015119 CITY OF RICHLAND 35000 0 JOHN DAM PLAZA PARK STAGE AND VARIOUS LOCAL EVENT SPONSORSHIPS CENTRAL WASHINGTON HISPANIC CHAMBER OF COMMERCE 2529 MAIN ST STE 234 UNION GAP WA 98903 263739660 501 (C)(3) 8000 0 VARIOUS EVENT DONATIONS & SPONSORSHIPS STATE OF WA SUPT OF PUBLIC INSTRUCTION 600 WASHINGTON ST SE OLYMPIA WA 98504 916001112 WA OSPI 10000 0 GENERAL DONATION FOR FINANCIAL EDUCATION PARTNERSHIP FIRST STORY 963 SW SIMPSON AVE STE 110 BEND OR 97702 911755886 501 (C)(3) 7500 252 FMV GIFT BASKETS, SUPPLIES FOR VOLUNTEER DAY GENERAL GIFT- GRANT HOUSE DONATION GO WEST FOUNDATION DBA CREDIT UNION FOR KIDS 18000 INTERNATIONAL BLVD STE 1102 SEATAC WA 98188 911649328 501 (C)(3) 71164 0 SPONSORSHIP, CULAF CONTRIBUTION, ADVOCACY & BENEFIT AUCTION GRACE KITCHEN 112 N 2ND AVE PASCO WA 99301 843061875 501 (C)(3) 3500 2470 FMV PROVIDED LUNCH FOR VOLUNTEERS GALA DONATION, WOMEN'S HISTORY MONTH DONATION, AND PROVIDING LUNCHES GREATER VANCOUVER CHAMBER OF COMMERCE 1111 MAIN ST SUITE 201 VANCOUVER WA 86660 910452260 501 (C)(6) 11000 0 CONFERENCE SPONSORSHIP FRANKLIN COUNTY HAPO CENTER 6600 BURDEN BLVD PASCO WA 99301 916001315 FRANKLIN COUNTY 100000 0 HAPO CENTER NAMING RIGHTS PASCO SCHOOL DISTRICT #1 1215 W LEWIS ST PASCO WA 99301 916001752 PASCO SCHOOL DISTRIC 5900 0 SPONSORSHIPS SAFE HARBOR SUPPORT CENTER 1111 N GRANT PL KENNEWICK WA 99336 911725914 501 (C)(3) 6000 0 SPONSORSHIPS SMG TRI CITIES 4304 W 24TH AVE SUITE 200 KENNEWICK WA 99338 364892322 27000 0 LIVE @ 5 SUMMER CONCERT SERIES SPONSOR SOROPTIMIST INTERNATIONAL OF PASCO KENNEWICK PO BOX 3905 PASCO WA 99302 916034606 501 (C)(3) 8500 0 SIPK PARTNERSHIP & SPONSORSHIPS ACTIVE4LIFE 1020 N CENTER PARKWAY SUITE D KENNEWICK WA 99336 611949821 5450 0 SPONSORSHIPS TOYOTA CENTER AND ARENA 7000 W GRANDRIDGE BLVD KENNEWICK WA 99336 916001253 70000 0 HAPO HANGOUT NAMING RIGHS TRI CITY CANCER CENTER 7350 W DESCHUTES AVE KENNEWICK WA 99336 911739024 501 (C)(3) 77030 0 ANNUAL DONATION & SPONSORSHIP TRI CITIES REGIONAL CHAMBER OF COMMERCE 7130 W GRANDRIDGE BLVD SUITE C KENNEWICK WA 99336 204120487 501 (C)(6) 8430 0 CONFERENCE SPONSORSHIPS TRI-TOWN GET DOWN LLC 723 THE PARKWAY RICHLAND WA 99352 933614734 10000 0 EVENT SPONSORSHIP WORLDWIDE FOUNDATION FOR CREDIT UNIONS 5710 MINERAL POINT RD MADISON WI 53705 396093210 501 (C)(3) 10100 0 ANNUAL DONATION & SPONSORSHIP 16 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 1 0 X X X X 0 1 0 DOLORES BROESKE SR VP/CEO (THRU 7/24) 635193 0 0 0 407577 0 39291 0 12676 0 1094737 0 0 0 SCOTT MITCHELL SR VP/CEO 768736 0 100000 0 31276 0 108459 0 27323 0 1035794 0 0 0 RUBY CAMPOS SR VP/COO 549672 0 50000 0 26980 0 36753 0 24427 0 687832 0 0 0 JESSICA GAUDREAULT SR VP/CRO 522773 0 53000 0 27037 0 37352 0 27580 0 667742 0 0 0 MARCUS HALL CHIEF LENDING OFFICER 431539 0 50000 0 27210 0 67799 0 28189 0 604737 0 0 0 ASHLEY WARD CHIEF INFORMATION OFFICER 461746 0 50000 0 23980 0 31656 0 18033 0 585415 0 0 0 PAUL PEDERSEN SR VP/CFO 323787 0 39835 0 26915 0 115681 0 28318 0 534536 0 0 0 JASON LACHER VP OF INFORMATION SYSTEMS 240370 0 31500 0 3280 0 18251 0 29008 0 322409 0 0 0 JEREMY O'NIEL VP OF MARKETING 233897 0 33277 0 220 0 24838 0 29014 0 321246 0 0 0 MONTE DRAKE VP OF COMMERCIAL SERVICES 237699 0 33536 0 2668 0 7394 0 21887 0 303184 0 0 0 NOEMY CORREA VP OF BRANCH OPERATIONS 192429 0 31932 0 1013 0 23417 0 27598 0 276389 0 0 0 JANEL MARINO VP OF BRANCH MANAGEMENT/MEMBER EXPER 192323 0 27043 0 3443 0 22129 0 26010 0 270948 0 0 0 NICOLE PRINCE VP OF HUMAN RESOURCES 191632 0 25709 0 2770 0 21414 0 27465 0 268990 0 0 0 ERIC FUHRIMAN VP OF INFORMATION SECURITY 193690 0 5000 0 2005 0 15281 0 28057 0 244033 0 0 0 AARON FOX SOFTWARE ENGINEER MANAGER 184043 0 8546 0 1766 0 19027 0 27515 0 240897 0 0 0 JENIFER GATELEY VP OF CARD SERVICES 169459 0 23300 0 3055 0 20734 0 23567 0 240115 0 0 0 ISELDA TORRES VP OF ASSET RECOVERY 154306 0 22816 0 3178 0 18348 0 27494 0 226142 0 0 0 ROBERT STAFFORD DIRECTOR OF FINANCE 152468 0 21330 0 2897 0 18119 0 27817 0 222631 0 0 0 AMBER WILLIAMS VP OF LOAN SUPPORT AND SERVICING 148899 0 28261 0 2936 0 17335 0 24142 0 221573 0 0 0 ROBERT CARTER IT DISASTER RECOVERY AND DATA CENTER 184495 0 3614 0 2527 0 5643 0 20451 0 216730 0 0 0 ROBERT GALE DIRECTOR OF COMMERCIAL SERVICES 148867 0 20906 0 2498 0 16828 0 27294 0 216393 0 0 0 ROMELIA COCKRUM DIRECTOR OF MORTGAGE 153036 0 20588 0 508 0 19724 0 15785 0 209641 0 0 0 JESSE WILSON COMMERCIAL RELATIONSHIP MANAGER II 109604 0 54900 0 6979 0 12726 0 21389 0 205598 0 0 0 CRYSTAL CONTRERAS VP OF COMMUNITY ENGAGEMENT 138837 0 17929 0 2315 0 13545 0 26425 0 199051 0 0 0 DARROL FLUCKIGER MORTGAGE UNDERWRITING MANAGER 142859 0 7547 0 1169 0 15289 0 26647 0 193511 0 0 0 CAROLYN O'NEIL FORMER SR VP/CDO 0 0 0 0 125734 0 0 0 0 0 125734 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, ASHLEY WARD, AND RUBY CAMPOS. THE FOLLOWING INDIVIDUALS PARTICIPATE IN A 457(F) PLAN: PAUL PEDERSEN, SCOTT MITCHELL, AND MARCUS HALL. IN 2024, PAUL PEDERSEN'S PLAN ACCRUED $75,000, SCOTT MITCHELL'S PLAN ACCRUED $71,429, AND MARCUS HALL'S PLAN ACCRUED $30,769. DOLORES BROESKE CHIEF EXECUTIVE OFFICER (THRU 7/24) SPLIT DOLLAR LIFE INSURANCE POLICY X 8637000 9155240 0 1 1 SCOTT MITCHELL CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 4211000 4463670 0 1 1 RUBY CAMPOS CHIEF OPERATIONS OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 2866000 3037967 0 1 1 JESSICA GAUDREAULT CHIEF RISK OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 3099000 3284947 0 1 1 ASHLEY WARD CHIEF INFORMATION OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 350000 350000 0 1 1 SCOTT MITCHELL CHIEF EXECUTIVE OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 665000 665000 0 1 1 20956824 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 43,253. FASB 158 DB PENSION COMPREHENSIVE LOSS 1,248,705.