2019-11-14T11:47:41-06:00 2018-12-31 910189318 MOSS ADAMS LLP 601 W RIVERSIDE AVENUE STE 1800 SPOKANE WA 99201 990 2018-01-01 911792217 HAPO COMMUNITY CREDIT UNION HAPO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 SCOTT MITCHELL CFO 5099435676 2019-11-12 1 EMINA O CRESSWELL CPA P01217304 5097472600 2019-11-10 12.129.4.211 2019-11-12 13:17:44 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C07EA3D2EFE7589B691C7C6F5A7C1991A329BAB3 2018 2020-03-31 21:24:44Z STEVE ANDERSON 601 WILLIAMS BLVD RICHLAND WA 99354 100067164 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 7 503 3 245926 44608 0 0 87136169 97977340 877289 1056343 828181 942216 88841639 99975899 768053 978098 0 0 30762407 34104231 0 0 0 48386994 55038122 79917454 90120451 8924185 9855448 1592912078 1688488199 1469799134 1555876477 123112944 132611722 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 140,000 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 27219 0 1 503 1 1 1 0 0 0 0 0 1 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 0 1 0 0 0 1 1 0 0 X SCOTT MITCHELL CFO 5099435676 601 WILLIAMS BLVD RICHLAND WA 99354 WILLIAM TANNER DIRECTOR/BOARD CHAIR 5.00 X X 22500 0 1164 KEN HOHENBERG DIRECTOR/BOARD VICE CHAIR 3.00 X X 18000 0 14093 KENNETH BAYS DIRECTOR/BOARD SECRETARY 3.00 X X 20000 0 14093 KEN GALE DIRECTOR 3.00 X 16667 0 1164 WILLIAM CLARKE DIRECTOR 2.00 X 16500 0 1164 RICHARD CUMMINS DIRECTOR 2.00 X 16500 0 0 WILLIAM SARACENO DIRECTOR 3.00 X 18000 0 0 STEVE ANDERSON PRESIDENT/CEO 40.00 X 962712 0 388831 JOHN SCHNELLBACH SR VP/CFO (THROUGH 04/18) 40.00 X 271741 0 272904 SCOTT MITCHELL SR VP/CFO 40.00 X 1194817 0 269371 CAROLYN O'NIEL SR VP/CDO 40.00 X 411598 0 278061 DOLORES BROESKE SR VP/COS 40.00 X 406517 0 148839 RUBY CAMPOS SR VP/COO 40.00 X 406412 0 70652 JESSICA GAUDREAULT SR VP/CRO 40.00 X 188608 0 68237 CHARLIE MARCH VP OF INFORMATION SYSTEMS 40.00 X 280163 0 96208 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 40.00 X 211875 0 96111 MARCUS HALL VP OF LENDING 40.00 X 187408 0 63802 NOEMY CORREA VP OF BRANCH OPERATIONS 40.00 X 160931 0 73118 MONTE DRAKE VP OF COMMERCIAL SERVICES 40.00 X 200369 0 98892 DON FRIGAARD VP OF MORTGAGE OPERATIONS 40.00 X 148920 0 81332 MIKE WALKER VP OF SUPPORT SERVICES 40.00 X 144975 0 69903 NIVIE SIZEMORE DIRECTOR OF ACCOUNTING 40.00 X 143447 0 56884 NICOLE PRINCE VP OF HUMAN RESOURCES 40.00 X 141732 0 53000 JANEL MARINO VP OF BRANCH MANAGEMENT 40.00 X 147003 0 89571 DAVID SCHULZ FORMER CEO 0.00 X 943621 0 0 6681016 0 2307394 26 1 1 0 MOMENTUM INC 1520 4TH AVE SUITE 300 SEATTLE WA 98101 CONSTRUCTION AND DESIGN SERVICES 4644407 CORELATION INC 2305 HISTORIC DECATUR RD SUITE 300 SAN DIEGO CA 92106 SOFTWARE/HARDWARE SUPPORT 2528101 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 900740641 SOFTWARE/HARDWARE SUPPORT 1787324 DICK HANNAH CHRYSLER PO BOX 1679 VANCOUVER WA 98668 DEALER RESERVES 816893 CORWIN FORD TRI CITIES 201 S 40TH STREET FARGO ND 58103 DEALER RESERVES 566568 39 MEMBER LOAN INTEREST 522100 71825664 71825664 MEMBER FEES & CHARGES 522100 13882518 13882518 DEBIT/CREDIT/ATM INTERCHANGE 522100 12269158 12269158 97977340 1056343 1056343 116254 116254 670064 90028 580036 580036 580036 3003 1237 1766 1766 NON-MEMBER ATM FEES 522100 183432 183432 MBP SALES TO MEMBERS 524298 60125 60125 MEMBER INSURANCE SALES 524298 603 603 244160 99975899 97977340 245926 1752633 978098 6896698 18982298 2685818 3690340 1849077 160291 124245 2603048 1228610 3275647 3464121 1812563 573005 645796 11654261 4740222 347556 PROVISION FOR LOAN LOSS 7474187 FASB 91 LOAN ORIGINATIO 7131977 DEBIT CARD & ATM COSTS 4532258 CREDIT & COLLECTION EXP 3571878 1698457 90120451 13148729 15890035 54791455 57327654 8944963 6273804 1407378205 1487740495 15006627 17033443 109373231 37356850 65749561 72016381 56533 0 7388791 9537900 20447214 22668487 1592912078 1688488199 32389355 24555290 1802897 1312106 45000000 88932000 1390606882 1441077081 1469799134 1555876477 X 0 0 0 0 123112944 132611722 123112944 132611722 1592912078 1688488199 X 9855448 1775 -358445 X 0 0 0 0 1 X 12145284 12145284 65888644 17250694 48637950 31173626 20106156 11067470 165677 165677 72016381 MEMBER DEPOSITS 1441077081 1441077081 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) 138075 FUNDRAISING PLEDGE BUILDING INDUSTRY OF CLARK COUNTY 103 E 29TH ST VANCOUVER WA 98663 910906923 501(C)(3) 5756 VANCOUVER PARADE OF HOMES SPONSORSHIP CITY OF RICHLAND PO BOX 190 RICHLAND WA 99352 916015119 MUNICIPALITY 34000 JOHN DAM PLAZA PARK STAGE AND FALL/WINTER EVENT SPONSOR FIRST STORY 963 SW SIMPSON AVE BEND OR 97702 911755886 501(C)(3) 10000 GENERAL PLEDGES FORT VANCOUVER REGIONAL LIBRARY FOUNDATION PO BOX 2384 VANCOUVER WA 98668 911456753 501(C)(3) 5660 VARIOUS EVENTS SPONSORSHIP AND PLEDGES GREAT VANCOUVER CHAMBER OF COMMERCE PO BOX 2025 VANCOUVER WA 98668 910452260 501(C)(6) 12376 VARIOUS EVENTS SPONSORSHIP AND PLEDGES HOME BUILDERS ASSOCIATION OF TRI-CITIES 10001 W CLEARWATER AVE KENNEWICK WA 99336 910742052 501(C)(6) 7816 TRI-CITIES PARADE OF HOMES SPONSORSHIP NORTHWEST CREDIT UNION FOUNDATION 18000 INTERNATIONAL BLVD STE 350 SEATAC WA 98188 910460483 501(C)(3) 34500 MAXX CONVENTION FOR KIDS DONATION KENNEWICK POLICE OFFICERS BENEFIT FOUNDATION 211 W 6TH AVE KENNEWICK WA 99336 911274433 501(C)(4) 12500 VARIOUS EVENTS SPONSOR RADIO TRI-CITIES 4304 W 24TH AVE KENNEWICK WA 99338 453627805 20000 LIVE @ 5 CONCERT SERIES SPONSOR SECOND HARVEST INLAND NORTHWEST 1234 E FRONT AVE SPOKANE WA 99202 237173826 501(C)(3) 10000 263 FMV FOOD DONATIONS GENERAL SUPPORT TRI-CITIES CANCER CENTER FOUNDATION 7350 W DESCHUTES KENNEWICK WA 99336 911739024 501(C)(3) 90000 695 FMV BOTTLED WATER FOR FUNDRAISER ANNUAL FOUNDATION PLEDGE TRI-CITY REGIONAL CHAMBER OF COMMERCE 7130 W GRANDRIDGE BLVD KENNEWICK WA 99336 204120487 501(C)(6) 50000 VARIOUS EVENTS SPONSOR TRI-CITY WATER FOLLIES ASSOCIATION 621 N GUM ST KENNEWICK WA 99336 919090434 501(C)(4) 335000 BOAT RACE EVENT SPONSOR WISHING STAR FOUNDATION 9 S WASHINGTON ST SUITE 420 SPOKANE WA 99201 943163746 501(C)(3) 11000 FOUNDATION DONATION YAKIMA 4TH OF JULY COMMITTEE PO BOX 856 YAKIMA WA 98907 911514194 501(C)(3) 75000 4TH OF JULY CELEBRATION SPONSOR SOROPTOMIST FOUNDATION PO BOX 3905 PASCO WA 99302 916052858 501(C)(3) 25000 GENERAL SUPPORT LINKS FOUNDATION PO BOX 503 RICHLAND WA 99352 636057610 501(C)(3) 12500 FOUNDATION DONATION WOMEN HELPING WOMEN FOUNDATION TRI-CITIES 713 JADWIN AVE ROOM 11 RICHLAND WA 99352 912056891 501(C)(3) 6000 EVENT SPONSOR WORLD COUNCIL OF CREDIT UNIONS 5710 MINERAL POINT ROAD MADISON WI 53705 391143339 501(C)(6) 11000 GENERAL SUPPORT 13 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 1 1 0 STEVE ANDERSON PRESIDENT/CEO 632413 0 301293 0 29006 0 376678 0 12153 0 1351543 0 0 0 JOHN SCHNELLBACH SR VP/CFO (THROUGH 04/18) 141015 0 123763 0 6963 0 257938 0 14966 0 544645 0 0 0 SCOTT MITCHELL SR VP/CFO 319700 0 104685 0 770432 0 245301 0 24070 0 1464188 0 750000 0 CAROLYN O'NIEL SR VP/CDO 303927 0 84686 0 22985 0 258250 0 19811 0 689659 0 0 0 DOLORES BROESKE SR VP/COS 301868 0 84112 0 20537 0 124126 0 24713 0 555356 0 0 0 RUBY CAMPOS SR VP/COO 301868 0 84112 0 20432 0 46513 0 24139 0 477064 0 0 0 JESSICA GAUDREAULT SR VP/CRO 175852 0 11322 0 1434 0 45038 0 23199 0 256845 0 0 0 CHARLIE MARCH VP OF INFORMATION SYSTEMS 254986 0 23547 0 1630 0 70884 0 25324 0 376371 0 0 0 PAUL PEDERSEN VP OF ACCOUNTING AND FINANCE 190265 0 1500 0 20110 0 71159 0 24952 0 307986 0 0 0 MARCUS HALL VP OF LENDING 169991 0 15904 0 1513 0 39407 0 24395 0 251210 0 0 0 NOEMY CORREA VP OF BRANCH OPERATIONS 146906 0 12852 0 1173 0 49697 0 23421 0 234049 0 0 0 MONTE DRAKE VP OF COMMERCIAL SERVICES 183632 0 15663 0 1074 0 79135 0 19757 0 299261 0 0 0 DON FRIGAARD VP OF MORTGAGE OPERATIONS 135993 0 10906 0 2021 0 56979 0 24353 0 230252 0 0 0 MIKE WALKER VP OF SUPPORT SERVICES 131166 0 12113 0 1696 0 52622 0 17281 0 214878 0 0 0 NIVIE SIZEMORE DIRECTOR OF ACCOUNTING 139349 0 2675 0 1423 0 34112 0 22772 0 200331 0 0 0 NICOLE PRINCE VP OF HUMAN RESOURCES 128594 0 12031 0 1107 0 29748 0 23252 0 194732 0 0 0 JANEL MARINO VP OF BRANCH MANAGEMENT 133738 0 11863 0 1402 0 66162 0 23409 0 236574 0 0 0 DAVID SCHULZ FORMER CEO 0 0 0 0 943621 0 0 0 0 0 943621 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, LINES 4A-B PART I, LINE 4A: FORMER CEO: RECEIVED SEVERANCE PAYMENT OF $943,621. PART I, LINE 4B: CURRENT CEO: $250,000 ACCRUAL OF 457(F) PLAN. CURRENT CFO: $750,000 PAYOUT FROM 457(F) PLAN. SR VP/CFO: $250,000 ACCRUAL OF 457(F) PLAN. SR VP/CRO: $195,125 ACCRUAL OF 457(F) PLAN. SR VP/CDO: $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 93,264. FASB 158 DB PENSION COMPREHENSIVE LOSS -451,709.