CREDIT UNIONS IN THE STATE OF WASHINGTON: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- CREDIT UNIONS IN THE STATE OF WASHINGTON (EIN 91-1792217)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-08-10
- IRS object ID
- 201632239349302528
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-08-10T18:00:01-05:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 910189318 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Moss Adams LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 W Riverside Avenue Ste 1800 | AddressLine1Txt |
| City | Spokane | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 99201 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 911792217 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HAPO Community Credit Union | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HAPO | BusinessNameControlTxt |
| Phone | 5099435676 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 Williams Blvd | AddressLine1Txt |
| City | Richland | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 99354 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN SCHNELLBACH CFO | PersonNm |
| Person Title | CFO | PersonTitleTxt |
| Phone | 5099435676 | PhoneNum |
| Signature | 2016-08-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Emina O Cresswell CPA | PreparerPersonNm |
| PTIN | P01217304 | PTIN |
| Phone | 5097472600 | PhoneNum |
| Preparation | 2016-08-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2016-12-15 16:53:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Steve Anderson | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 Williams Blvd | AddressLine1Txt |
| City | Richland | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 99354 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $76,422,925 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.HAPO.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1953 | FormationYr |
| Legal Domicile State | WA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 403 | TotalEmployeeCnt |
| Total Volunteers | 4 | TotalVolunteersCnt |
| Total Gross UBI | $187,941 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $41,772 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $68,965,838 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $71,863,686 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$996,397 | PYInvestmentIncomeAmt |
| CY Investment Income | -$263,859 | CYInvestmentIncomeAmt |
| PY Other Revenue | $678,378 | PYOtherRevenueAmt |
| CY Other Revenue | $837,375 | CYOtherRevenueAmt |
| PY Total Revenue | $68,647,819 | PYTotalRevenueAmt |
| CY Total Revenue | $72,437,202 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $594,500 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $551,520 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $23,986,279 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $24,374,640 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $35,805,921 | PYOtherExpensesAmt |
| CY Other Expenses | $37,379,295 | CYOtherExpensesAmt |
| PY Total Expenses | $60,386,700 | PYTotalExpensesAmt |
| CY Total Expenses | $62,305,455 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,261,119 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $10,131,747 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,238,531,651 | TotalAssetsBOYAmt |
| Total Assets EOY | $1,361,141,868 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,141,417,395 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $1,254,054,068 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $97,114,256 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $107,087,800 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | HAPO provides low cost savings vehicles with superior interest return and low interest rate loans to over 130,000 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. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 20174 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 403 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | 0 | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | 0 | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JOHN SCHNELLBACH CFO | PersonNm |
| Phone | 5099435676 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 WILLIAMS BLVD | AddressLine1Txt |
| City | RICHLAND | CityNm |
| State Abbreviation | WA | StateAbbreviationCd |
| ZIP | 99354 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| KEN GALE | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $15,667 | $0 | $0 | ||||
| WILLIAM CLARKE | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $15,000 | $0 | $0 | ||||
| KEN HOHENBERG | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $15,000 | $0 | $0 | ||||
| RICHARD CUMMINS | |||||||||
| DIRECTOR | 2.00 | Yes (X) | $15,000 | $0 | $0 | ||||
| WILLIAM TANNER | |||||||||
| Board Chair | 5.00 | Yes (X) | $20,000 | $0 | $0 | Yes (X) | |||
| KEN BAYS | |||||||||
| Board Secretary | 2.00 | Yes (X) | $18,000 | $0 | $4,930 | Yes (X) | |||
| WILLIAM TYLER | |||||||||
| Vice Chairman | 2.00 | Yes (X) | $15,000 | $0 | $0 | Yes (X) | |||
| STEVE ANDERSON | |||||||||
| President/CEO | 40.00 | $709,427 | $0 | $228,314 | Yes (X) | ||||
| JOHN SCHNELLBACH | |||||||||
| Sr VP/CFO | 40.00 | $507,266 | $0 | $216,908 | Yes (X) | ||||
| David Schulz | |||||||||
| Former President/CEO | 40.00 | $884,592 | $0 | $268,261 | Yes (X) | ||||
| CAROLYN O'NIEL | |||||||||
| Sr VP/CDO | 40.00 | $355,498 | $0 | $70,385 | Yes (X) | ||||
| SCOTT MITCHELL | |||||||||
| Sr VP/CRO | 40.00 | $377,899 | $0 | $119,242 | Yes (X) | ||||
| RUBY CAMPOS | |||||||||
| Sr VP/Operations | 40.00 | $326,709 | $0 | $26,887 | Yes (X) | ||||
| Dolores Broeske | |||||||||
| Sr VP/HR | 40.00 | $211,635 | $0 | $27,344 | Yes (X) | ||||
| Charlie March | |||||||||
| VP | 40.00 | $221,813 | $0 | $23,967 | Yes (X) | ||||
| Paul Pedersen | |||||||||
| vp | 40.00 | $187,491 | $0 | $26,278 | Yes (X) | ||||
| Marcus Hall | |||||||||
| VP | 40.00 | $151,309 | $0 | $23,992 | Yes (X) | ||||
| Don Frigaard | |||||||||
| vp | 40.00 | $121,512 | $0 | $22,512 | Yes (X) | ||||
| Jessica Gaudreault | |||||||||
| VP | 40.00 | $102,250 | $0 | $22,314 | Yes (X) | ||||
| Nivie Sizemore | |||||||||
| DIRECTOR OF ACCOUNTING | 40.00 | $115,766 | $0 | $23,159 | Yes (X) | ||||
| Marion Goodrich | |||||||||
| Director of IS | 40.00 | $111,004 | $0 | $20,498 | Yes (X) | ||||
| Robert Stafford | |||||||||
| ALM Analyst | 40.00 | $100,721 | $0 | $18,254 | Yes (X) | ||||
| Sheryl Lueckel | |||||||||
| Former VP | 0.00 | $120,000 | $0 | $6,893 | Yes (X) | ||||
| Eric Clements | |||||||||
| Former Director of IS | 0.00 | $104,296 | $0 | $9,788 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $4,822,855 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $1,159,926 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 18 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MCCURLEY INTEGRITY DEALERSHIPS | |||||
| 1325 Autoplex Way | PASCO | WA | 99301 | AUTO LOAN referrals | $496,646 |
| FIS | |||||
| PO Box 4535 | Carol Stream | IL | 60197 | Bill Payment System Services | $481,515 |
| Bluepoint Solutions Inc | |||||
| 2560 Anthen Village Drive Ste 200 | Henderson | NV | 98052 | Software Licensing | $411,043 |
| Dick Hannah Chrysler | |||||
| 3517 NE Auto Mall Drive | vancouver | WA | 98669 | Auto Loan referrals | $362,000 |
| Dura-Shine Clean | |||||
| PO Box 2754 | Pasco | WA | 99301 | Janitorial Services | $327,451 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 33 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| MEMBER LOAN INTEREST | 522100 | $53,586,925 | $53,586,925 |
| MEMBER FEES & CHARGES | 522100 | $10,470,441 | $10,470,441 |
| DEBiT/CREDIT/ATM INTER | 522100 | $7,806,320 | $7,806,320 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $71,863,686 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $113,690 | TotalRevenueColumnAmt |
| Exclusion | $113,690 | ExclusionAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $106,570 | TotalRevenueColumnAmt |
| Exclusion | $106,570 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $668,595 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $125,731 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $542,864 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $542,864 | TotalRevenueColumnAmt |
| Exclusion | $542,864 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,480,858 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $3,858,407 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$377,549 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$377,549 | TotalRevenueColumnAmt |
| Exclusion | -$377,549 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $1,468 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,585 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$117 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | -$117 | UnrelatedBusinessRevenueAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|
| NON-MEMBER ATM FEES | 522100 | $150,589 | $150,589 |
| MBI | 524298 | $36,340 | $36,340 |
| Member Insurance Sales | 524298 | $1,129 | $1,129 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $188,058 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $72,437,202 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $71,863,686 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $187,941 | UnrelatedBusinessRevenueAmt |
| Exclusion | $385,575 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $551,520 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,083,813 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,599,605 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,925,136 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,412,950 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,353,136 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $171,828 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $138,257 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,220,931 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $573,825 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,305,156 | TotalAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,037,488 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,457,538 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $382,102 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $404,166 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,350,888 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,565,384 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $352,076 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| Income Taxes | $8,909 |
| PROVISION FOR LOAN LOSS | $5,295,802 |
| FASB 91 LOAN ORIG AMORT | $4,585,900 |
| CREDIT & COLLECTION | $2,837,068 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,691,977 | TotalAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,305,455 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,201,613 | BOYAmt |
| EOY | $10,823,024 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $70,212,707 | BOYAmt |
| EOY | $65,309,475 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,352,493 | BOYAmt |
| EOY | $7,642,467 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,048,658,496 | BOYAmt |
| EOY | $1,177,358,084 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,015,184 | BOYAmt |
| EOY | $11,373,781 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $87,139,173 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $25,146,668 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $65,144,195 | BOYAmt |
| EOY | $61,992,505 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $138,177 | BOYAmt |
| EOY | $107,700 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,526,605 | BOYAmt |
| EOY | $5,389,566 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,282,181 | BOYAmt |
| EOY | $21,145,266 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,238,531,651 | BOYAmt |
| EOY | $1,361,141,868 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,682,539 | BOYAmt |
| EOY | $24,386,854 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,847,004 | BOYAmt |
| EOY | $1,904,802 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $25,000,000 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,119,887,852 | BOYAmt |
| EOY | $1,202,762,412 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,141,417,395 | BOYAmt |
| EOY | $1,254,054,068 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow SFAS117 | Yes (X) | OrgDoesNotFollowSFAS117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,114,256 | BOYAmt |
| EOY | $107,087,800 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,114,256 | BOYAmt |
| EOY | $107,087,800 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,238,531,651 | BOYAmt |
| EOY | $1,361,141,868 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $10,131,747 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $1,693 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$159,896 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $8,899,444 | OtherCostOrOtherBasisAmt |
| Book Value | $8,899,444 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $55,746,077 | OtherCostOrOtherBasisAmt |
| Depreciation | $11,666,073 | DepreciationAmt |
| Book Value | $44,080,004 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $22,493,652 | OtherCostOrOtherBasisAmt |
| Depreciation | $13,480,595 | DepreciationAmt |
| Book Value | $9,013,057 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $61,992,505 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MEMBER DEPOSITS | Desc |
| Amt | $1,202,762,412 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,202,762,412 | TotalLiabilityAmt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part IV, Line 2b: | FormAndLineReferenceDesc |
| Explanation | 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. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (14 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| WSU Foundation | |||||||
| 2710 Crimson Way | Richland | WA | 99354 | 911075542 | 501(c)(3) | $10,000 | MESA Program pledge |
| Tri-Cities Cancer Center Foundation | |||||||
| 7350 W Deschutes | Kennewick | WA | 99336 | 911739024 | 501(c)(3) | $100,000 | Annual Foundation pledge |
| Kadlec Foundation | |||||||
| 888 Swift Blvd | Richland | WA | 99352 | 237005501 | 501(c)(3) | $13,960 | Golf Event & Kids-A-Thon |
| City of Pasco | |||||||
| PO Box 293 | Pasco | WA | 99301 | 916001264 | City of Pasco | $5,000 | 4th of July celebration |
| Tri-City Reg Chamber of Commerce | |||||||
| 7130 W Grandridge Blvd | Kennewick | WA | 99336 | 204120487 | 501(c)(6) | $25,000 | Cool Desert Nights sponsor |
| Tri-Cities Water Follies Association | |||||||
| 621 N GUM ST | KENNEWICK | WA | 99336 | 916060434 | 501(c)(4) | $300,000 | Boat Race Sponsor |
| Radio Tri-Cities | |||||||
| 4304 W 24TH AVE | Kennewick | WA | 99336 | 453627805 | N/A | $20,000 | Live@5 Concert Series |
| CBC Foundation | |||||||
| 2600 N 20th Ave | Pasco | WA | 99301 | 911307538 | 501(C)(3) | $13,000 | 60th Celebration & General |
| Children's Developmental Center | |||||||
| 1549 Georgia Ave | Richland | WA | 99352 | 910876634 | 501(C)(3) | $5,000 | Sept. Cuisine Fundraiser |
| City of Richland | |||||||
| PO Box 190 | Richland | WA | 99352 | 916015119 | City of Richland | $7,500 | John Dam Plaza Park Stage |
| Townsquare Media | |||||||
| PO Box 2485 | Pasco | WA | 99302 | 271996555 | n/a | $30,000 | 4th of July Fireworks |
| Tri-Cities Herald | |||||||
| 333 W Canal Dr | Kennewick | WA | 99336 | 940666175 | n/a | $7,560 | Crime Stoppers Advertising |
| Yakima 4th of July Committee | |||||||
| PO Box 856 | Yakima | WA | 98902 | 911514194 | 501(C)(3) | $7,500 | 4th of July Celebration |
| Yakima Valley Visitor Convention Bureau | |||||||
| 10 N 8th Street | yakima | WA | 98901 | 910788723 | 501(c)(6) | $7,000 | Basketball Tournament |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 6 | Total501c3OrgCnt |
| Total Other Org | 8 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part I, Line 2: | FormAndLineReferenceDesc |
| Explanation | HAPO's CEO and Director of Marketing reviews various sponsorship and charitable organizations who apply for grants. Generally all grantees are within our service area facilitating ease of monitoring. HAPO selects grantee organizations and functions that benefit the communities in which our members and their families live and work. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | 0 | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | Yes (1) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STEVE ANDERSON | ||||||||||||||
| President/CEO | $463,800 | $0 | $220,305 | $0 | $25,322 | $0 | $206,772 | $0 | $21,542 | $0 | $937,741 | $0 | $0 | $0 |
| JOHN SCHNELLBACH | ||||||||||||||
| Sr VP/CFO | $372,750 | $0 | $111,825 | $0 | $22,691 | $0 | $206,772 | $0 | $10,136 | $0 | $724,174 | $0 | $0 | $0 |
| David Schulz | ||||||||||||||
| Former President/CEO | $579,700 | $0 | $275,358 | $0 | $29,534 | $0 | $242,922 | $0 | $25,339 | $0 | $1,152,853 | $0 | $0 | $0 |
| CAROLYN O'NIEL | ||||||||||||||
| Sr VP/CDO | $256,250 | $0 | $76,875 | $0 | $22,373 | $0 | $53,134 | $0 | $17,251 | $0 | $425,883 | $0 | $0 | $0 |
| SCOTT MITCHELL | ||||||||||||||
| Sr VP/CRO | $277,417 | $0 | $80,850 | $0 | $19,632 | $0 | $98,713 | $0 | $20,529 | $0 | $497,141 | $0 | $0 | $0 |
| RUBY CAMPOS | ||||||||||||||
| Sr VP/Operations | $236,250 | $0 | $70,875 | $0 | $19,584 | $0 | $7,024 | $0 | $19,863 | $0 | $353,596 | $0 | $0 | $0 |
| Dolores Broeske | ||||||||||||||
| Sr VP/HR | $192,150 | $0 | $0 | $0 | $19,485 | $0 | $6,336 | $0 | $21,008 | $0 | $238,979 | $0 | $0 | $0 |
| Charlie March | ||||||||||||||
| VP | $220,182 | $0 | $0 | $0 | $1,631 | $0 | $3,375 | $0 | $20,592 | $0 | $245,780 | $0 | $0 | $0 |
| Paul Pedersen | ||||||||||||||
| vp | $167,890 | $0 | $0 | $0 | $19,601 | $0 | $5,576 | $0 | $20,702 | $0 | $213,769 | $0 | $0 | $0 |
| Marcus Hall | ||||||||||||||
| VP | $150,000 | $0 | $0 | $0 | $1,309 | $0 | $4,500 | $0 | $19,492 | $0 | $175,301 | $0 | $0 | $0 |
| Sheryl Lueckel | ||||||||||||||
| Former VP | $120,000 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $6,893 | $0 | $126,893 | $0 | $0 | $0 |
| Eric Clements | ||||||||||||||
| Former Director of IS | $104,296 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $9,788 | $0 | $114,084 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 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 | Former President/CEO: $234,972 Accrual of 457(f) Participation Former Director of IS: $103,500 Severance Package Former VP: $120,000 Severance Package President/CEO: $198,822 Accrual of 457(f) Participation Senior VP/CFO: $198,822 Accrual of 457(f) Participation Senior VP/CDO: $45,187 Accrual of 457(f) Participation Senior VP/CRO: $91,100 Accrual of 457(f) Participation |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 volunteer Board Members from among 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 volunteer Board Members from among the membership through a nominating committee. |
| Form 990, Part VI, Section B, line 11 | 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 106 COMPREHENSIVE INCOME 9,684. FASB 158 DB PENSION COMPREHENSIVE INCOME -510,110. Retained Earnings from Merger of Credit Union 340,530. |
| Form 990, Part I, Line 1, Description of Organization Mission: | 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. |
| Form 990, Part III, Line 1, Description of Organization Mission: | 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. |