Civic Intelligence

Hapo Community Credit Union

EIN 91-1792217 • 501(c)14 • Richland, WA

Profile

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.

601 Williams BlvdRichland, WA 99354

www.hapo.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

20th percentile

0.89x

Higher debt load relative to assets than 20% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Liabilities / Revenue

11th percentile

12.28x

Higher debt load relative to revenue than 11% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Net Margin

85th percentile

18%

Higher net margin than 85% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Source year 2024

Top Officer Pay

44th percentile

$1,094,737

Higher top officer pay than 44% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

$1B+ nonprofits • Source year 2024

Asset Growth

27th percentile

0.1%

Faster asset growth than 27% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

10%

Faster revenue growth than 19% of similar nonprofits.

501(c)14 • $1B+ nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,370,077,415

Up $1,685,444 (+0.1%) from 2023

Liabilities

Down

$2,101,400,807

Down $32,911,104 (-1.5%) from 2023

Net Assets

Up

$268,676,608

Up $34,596,548 (+15%) from 2023

Revenue

Up

$171,173,971

Up $16,040,443 (+10%) from 2023

Expenses

Up

$139,582,450

Up $18,072,519 (+15%) from 2023

Net Income

Down

$31,591,521

Down $2,032,076 (-6.0%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0B$2.0B$1.0B$0Assets 2010: $845,546,493Liabilities 2010: $788,849,897Net Assets 2010: $56,696,5962010Assets 2011: $1,014,829,008Liabilities 2011: $945,081,400Net Assets 2011: $69,747,6082011Assets 2012: $1,117,409,291Liabilities 2012: $1,039,840,628Net Assets 2012: $77,568,6632012Assets 2013: $1,244,819,667Liabilities 2013: $1,155,669,177Net Assets 2013: $89,150,4902013Assets 2014: $1,238,531,651Liabilities 2014: $1,141,417,395Net Assets 2014: $97,114,2562014Assets 2015: $1,361,141,868Liabilities 2015: $1,254,054,068Net Assets 2015: $107,087,8002015Assets 2016: $1,483,857,542Liabilities 2016: $1,369,094,430Net Assets 2016: $114,763,1122016Assets 2017: $1,592,912,078Liabilities 2017: $1,469,799,134Net Assets 2017: $123,112,9442017Assets 2018: $1,688,488,199Liabilities 2018: $1,555,876,477Net Assets 2018: $132,611,7222018Assets 2019: $1,799,616,112Liabilities 2019: $1,659,403,243Net Assets 2019: $140,212,8692019Assets 2020: $2,052,246,961Liabilities 2020: $1,908,510,456Net Assets 2020: $143,736,5052020Assets 2021: $2,255,622,236Liabilities 2021: $2,091,782,103Net Assets 2021: $163,840,1332021Assets 2022: $2,335,412,553Liabilities 2022: $2,137,266,605Net Assets 2022: $198,145,9482022Assets 2023: $2,368,391,971Liabilities 2023: $2,134,311,911Net Assets 2023: $234,080,0602023Assets 2024: $2,370,077,415Liabilities 2024: $2,101,400,807Net Assets 2024: $268,676,6082024

Highlighted filing

2024

Assets$2,370,077,415
Liabilities$2,101,400,807
Net Assets$268,676,608

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$200M$150M$100M$50M$0Expenses 2010: $46,212,4512010Expenses 2011: $49,146,4522011Expenses 2012: $55,287,6782012Revenue 2013: $69,503,992Expenses 2013: $59,265,022Net Income 2013: $10,238,9702013Revenue 2014: $68,647,819Expenses 2014: $60,386,700Net Income 2014: $8,261,1192014Revenue 2015: $72,437,202Expenses 2015: $62,305,455Net Income 2015: $10,131,7472015Revenue 2016: $81,326,201Expenses 2016: $71,560,348Net Income 2016: $9,765,8532016Revenue 2017: $88,841,639Expenses 2017: $79,917,454Net Income 2017: $8,924,1852017Revenue 2018: $99,975,899Expenses 2018: $90,120,451Net Income 2018: $9,855,4482018Revenue 2019: $114,009,744Expenses 2019: $101,328,174Net Income 2019: $12,681,5702019Revenue 2020: $114,135,220Expenses 2020: $103,750,750Net Income 2020: $10,384,4702020Revenue 2021: $118,353,811Expenses 2021: $98,494,614Net Income 2021: $19,859,1972021Revenue 2022: $127,669,996Expenses 2022: $107,775,616Net Income 2022: $19,894,3802022Revenue 2023: $155,133,528Expenses 2023: $121,509,931Net Income 2023: $33,623,5972023Revenue 2024: $171,173,971Expenses 2024: $139,582,450Net Income 2024: $31,591,5212024

Highlighted filing

2024

Revenue$171,173,971
Expenses$139,582,450
Net Income$31,591,521

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,370$2,101$269$171$140$31.6
2023Summary only. Only limited summary data is available for this year.$2,368$2,134$234$155$122$33.6
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2,335$2,137$198$128$108$19.9
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,256$2,092$164$118$98.5$19.9
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2,052$1,909$144$114$104$10.4
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,800$1,659$140$114$101$12.7
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,688$1,556$133$100.0$90.1$9.86
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,593$1,470$123$88.8$79.9$8.92
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1,484$1,369$115$81.3$71.6$9.77
2015Detailed filing. Detailed filing data is available for this year.$1,361$1,254$107$72.4$62.3$10.1
2014Detailed filing. Detailed filing data is available for this year.$1,239$1,141$97.1$68.6$60.4$8.26
2013Detailed filing. Detailed filing data is available for this year.$1,245$1,156$89.2$69.5$59.3$10.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,117$1,040$77.6$55.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1,015$945$69.7$49.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$846$789$56.7$46.2
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jun 18, 2025
Return Version
2024v5.1
Gross Receipts
$171,321,797
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,851,364,670$1,847,403,686▼ $3,960,984
Savings and Temporary Cash Investments$289,874,587$294,626,982▲ $4,752,395
Rtn Earn Endowment Incm Other Fnds$234,080,060$268,676,608▲ $34,596,548
Land, Buildings, and Equipment, Net$66,513,495$67,496,963▲ $983,468
Cash and Non-Interest-Bearing Accounts$19,960,977$25,046,795▲ $5,085,818
Receivables From Officers Etc$19,524,008$20,956,824▲ $1,432,816
Prepaid Expenses and Deferred Charges$20,867,069$19,604,267▼ $1,262,802
Investments Program Related$13,259,178$13,155,679▼ $103,499
Accounts Receivable$12,318,018$7,002,869▼ $5,315,149
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,368,391,971$2,370,077,415▲ $1,685,444
Other Assets Total$74,709,969$74,783,350▲ $73,381
Liabilities
Other Liabilities$1,946,422,489$1,957,344,271▲ $10,921,782
Mortgage Notes Payable Secured by Investment Property$140,000,000$110,000,000▼ $30,000,000
Accounts Payable and Accrued Expenses$47,889,422$34,056,536▼ $13,832,886
Total Liabilities$2,134,311,911$2,101,400,807▼ $32,911,104
Net Assets / Fund Balance
Total Net Assets Fund Balance$234,080,060$268,676,608▲ $34,596,548
Total Liabilities and Net Assets / Fund Balance$2,368,391,971$2,370,077,415▲ $1,685,444

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$48,159,312$27,000,004$75,159,316
Equipment$8,184,541$23,609,083$31,793,624
Land$11,085,532-$11,085,532
Leasehold Improvements$67,578-$67,578
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dolores BroeskeSr VP/CEO (thru 7/24)FT$635,193$459,544$1,094,737
Scott MitchellSr VP/CEOFT$768,736$267,058$1,035,794
Ruby CamposSr VP/COOFT$549,672$138,160$687,832
Jessica GaudreaultSr VP/CROFT$522,773$144,969$667,742
Marcus HallChief Lending OfficerFT$431,539$173,198$604,737
Ashley WardChief Information OfficerFT$461,746$123,669$585,415
Paul PedersenSr VP/CFOFT$323,787$210,749$534,536
Jason LacherVP of Information SystemsFT$240,370$82,039$322,409
JEREMY O'NIELVP of MarketingFT$233,897$87,349$321,246
Monte DrakeVP of Commercial ServicesFT$237,699$65,485$303,184
Noemy CorreaVP of Branch OperationsFT$192,429$83,960$276,389
Janel MarinoVP of Branch Management/member ExperienceFT$222,809$48,139$270,948
Janel MarinoVP of Branch Management/member Exper-$192,323$78,625$270,948
Nicole PrinceVP of Human ResourcesFT$191,632$77,358$268,990
Eric FuhrimanVP of Information SecurityFT$193,690$50,343$244,033
Aaron FoxSoftware Engineer ManagerFT$184,043$56,854$240,897
Jenifer GateleyVP of Card ServicesFT$169,459$70,656$240,115
Iselda TorresVP of Asset RecoveryFT$154,306$71,836$226,142
Robert StaffordDirector of FinanceFT$152,468$70,163$222,631
Amber WilliamsVP of Loan Support and ServicingFT$148,899$72,674$221,573
Robert CarterIt Disaster Recovery and Data Center ManagerFT$190,636$26,094$216,730
Robert CarterIt Disaster Recovery and Data Center-$184,495$32,235$216,730
Robert GaleDirector of Commercial ServicesFT$148,867$67,526$216,393
Romelia CockrumDirector of MortgageFT$153,036$56,605$209,641
Jesse WilsonCommercial Relationship Manager IiFT$109,604$95,994$205,598
Crystal ContrerasVP of Community EngagementFT$138,837$60,214$199,051
Darrol FluckigerMortgage Underwriting ManagerFT$142,859$50,652$193,511
CAROLYN O'NEILFormer Sr VP/CDOFT$125,734$125,734$125,734
Doug CarlDirector-$40,235-$40,235
Kenneth HohenbergChairmanPT$35,345-$35,345
William TannerVice Chairman-$32,150-$32,150
William SaracenoDirector-$31,200-$31,200
Kenneth GaleTreasurer-$27,587-$27,587
Richard CumminsSecretary-$26,400-$26,400
William ClarkeDirector-$25,187-$25,187

Highest Paid Contractors

ContractorServicesLocationCompensation
Digital First Holdings LLC (ncr)Online Banking & It SoftwarePO BOX 740641, Los Angeles, CA 90074-0641$2,496,317
Momentum INCConstruction109 BELL STREET SUITE B, Seattle, WA 98121$2,431,224
Strategic Resource Management INCProfessional5100 POPLAR AVE SUITE 2500, Memphis, TN 38137$1,806,642
Corelation INCIt Software & Support2305 HISTORIC DECATUR RD STE 300, San Diego, CA 92106$1,473,100
Shi International CorpIt Software & HardwarePO BOX 952121, Dallas, TX 75395-2121$1,131,967
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$153,582,432
Investment Income
$16,701,086
Other Revenue
$890,453
Change in Net Assets
$31,591,521
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$89,330,775
Salaries, Compensation, and Employee Benefits$49,635,093
Grants and Similar Amounts Paid$616,582
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$33,224,896
Other Salaries and Wages---$31,790,724
Current Officers, Directors, Trustees, and Key Employees---$8,705,530
Information Technology---$7,542,628
All Other Expenses---$7,344,253
Office Expenses---$4,382,179
Other Employee Benefits---$4,093,917
Depreciation Depletion---$3,922,699
Fees for Services Other---$3,408,806
Payroll Taxes---$3,017,723
Occupancy---$2,117,005
Pension Plan Contributions---$2,027,199
Advertising---$1,129,707
Grants to Domestic Orgs---$616,582
Travel---$492,875
Conferences and Meetings---$461,138
Insurance---$378,344
Fees for Services Accounting---$244,048
Fees for Services Legal---$195,636
Other Expenses---$42,000
Total Functional Expenses$0$0$0$139,582,450
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Franklin County Hapo CenterPasco, WAFranklin CountyHapo Center Naming Rights$100,000
Tri City Cancer CenterKennewick, WA-Annual Donation & Sponsorship$77,030
Go West Foundation Dba Credit Union for KidsSeatac, WA501 (c)(3)Sponsorship, Culaf Contribution, Advocacy & Benefit Auction$71,164
Toyota Center and ArenaKennewick, WA501 (c)(3)Hapo Hangout Naming Righs$70,000
City of RichlandRichland, WACity of RichlandJohn Dam Plaza Park Stage and Various Local Event Sponsorships$35,000
Smg Tri CitiesKennewick, WA501 (c)(3)LIVE @ 5 SUMMER CONCERT SERIES SPONSOR$27,000
Columbia Basin College FoundationPasco, WA501 (c)(3)Learning Lobby and Event Donation$21,000
Association of Washington BusinessOlympia, WA501 (c)(6)Spring Meeting Sponsorship$15,000
Boys and Girls ClubPasco, WA501 (c)(3)Various Event Sponsorships$11,000
Greater Vancouver Chamber of CommerceVancouver, WA501 (c)(6)Conference Sponsorship$11,000
Worldwide Foundation for Credit UnionsMadison, WI-Annual Donation & Sponsorship$10,100
State of Wa Supt of Public InstructionOlympia, WAWa OspiGeneral Donation for Financial Education Partnership$10,000
Tri-town Get Down LLCRichland, WA-Event Sponsorship$10,000
Soroptimist International of Pasco KennewickPasco, WA501 (c)(3)Sipk Partnership & Sponsorships$8,500
Tri Cities Regional Chamber of CommerceKennewick, WA-Conference Sponsorships$8,430
Central Washington Hispanic Chamber of CommerceUnion Gap, WA501 (c)(3)Various Event Donations & Sponsorships$8,000
Building Industry Association of Clark CountyVancouver, WA501 (c)(3)Various Event Sponsorships$7,655
Central Washington Fair AssociationYakima, WA501 (c)(3)State Fair Sponsorship$7,500
First StoryBend, OR501 (c)(3)General Gift- Grant House Donation$7,500
Safe Harbor Support CenterKennewick, WA501 (c)(3)Sponsorships$6,000
PASCO SCHOOL DISTRICT #1Pasco, WAPasco School DistricSponsorships$5,900
Active4lifeKennewick, WA501 (c)(6)Sponsorships$5,450
Grace KitchenPasco, WA501 (c)(3)GALA DONATION, WOMEN'S HISTORY MONTH DONATION, AND PROVIDING LUNCHES$3,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$23,326
Total Exempt Function Spending$23,326

Section 527 Organizations

OrganizationLocationAmount
80-0043051Seatac, WA$23,326
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$19,524,008$20,956,824▲ $1,432,816
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Deposits$1,957,344,271
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Hapo Community Credit Union
EIN
91-1792217
Phone
5099435676
Address
601 WILLIAMS BLVD, RICHLAND, WA 99354

Signing Officer

Name
Paul Pedersen
Title
CFO
Phone
5099435676
Signed
2025-06-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Mitchell
Formed
1953
Legal Domicile
Wa
Voting Board Members
7
Independent Board Members
7
Employees
622
Volunteers
8

Preparer

Firm
Baker Tilly Advisory Group Lp
Address
601 W RIVERSIDE AVENUE STE 1800, SPOKANE, WA 99201
Preparer
Emina O Cresswell CPA
Phone
5097472600
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Fasb 158 other post-retirement benefit income 43,253. Fasb 158 db pension comprehensive loss 1,248,705.

Financial Statement Notes

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.

Raw XML AppendixShowing 400 of 1,341 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt07002869
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0HAPO 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.
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