Overview
What is Hapo Community Credit Union?
Hapo Community Credit Union is a prominent credit union based in Richland, Washington, with an address at 601 Williams Blvd, ZIP code 99354. With over 200,000 members, this nonprofit organization offers low-cost savings vehicles and loans with superior interest returns and low interest rates, all while operating without capital stock. Its mission is rooted in mutual purposes and non-profit principles. The credit union's net earnings are retained as per regulatory requirements, ensuring its safety and soundness in accordance with NCUA and state law. With a workforce of 598 employees, Hapo Community Credit Union serves its members with a commitment to affordability and financial well-being.
Official website here: www.hapo.org
Is Hapo Community Credit Union legitimate?
Hapo Community Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Hapo Community Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $7,026,958
Professional Fundraising Fees: $0
Other Salaries and Wages: $27,978,768
For more financial information, click here
Official website here: www.hapo.org
What is the mission statement of Hapo Community Credit Union?
Hapo Community Credit Union is committed to offering affordable savings options and competitive interest returns, as well as affordable loans to its over 200,000 members. The credit union operates on a mutual basis, without capital stock or the intention to make a profit. In accordance with regulatory requirements from the NCUA and state law, net earnings are retained for the safety and soundness of the credit union. The credit union's mission aligns with the philosophy of the credit union movement, prioritizing the financial well-being of its members.
Official website here: www.hapo.org
Who is the CEO of Hapo Community Credit Union?
Dolores Broeske is the CEO of Hapo Community Credit Union The CEO's salary of Hapo Community Credit Union is $1,081,122 and their total compensation is $1,141,976.
Official website here: www.hapo.org
What is the revenue of Hapo Community Credit Union?
Hapo Community Credit Union's revenue in 2023 was $155,133,528.
Official website here: www.hapo.org
Who are the executives of Hapo Community Credit Union and what are their salaries?
The average compensation at Hapo Community Credit Union during 2023 was $57,670. There are 607 employees and 8 volunteers at Hapo Community Credit Union.
Here are 29 key members and their salaries (Hapo Community Credit Union's CEO's salary is $1,081,122 and their total compensation is $1,141,976):
- Compensation: $29,400
- Related: $0
- Other: $16,235
- Compensation: $27,300
- Related: $0
- Other: $0
- Compensation: $16,000
- Related: $0
- Other: $9,570
- Compensation: $23,100
- Related: $0
- Other: $1,187
- Compensation: $23,100
- Related: $0
- Other: $0
- Compensation: $21,000
- Related: $0
- Other: $1,187
- Compensation: $0
- Related: $0
- Other: $1,187
- Compensation: $1,081,122
- Related: $0
- Other: $60,854
- Compensation: $670,728
- Related: $0
- Other: $66,165
- Compensation: $584,334
- Related: $0
- Other: $63,209
- Compensation: $556,987
- Related: $0
- Other: $66,710
- Compensation: $495,819
- Related: $0
- Other: $49,436
- Compensation: $464,342
- Related: $0
- Other: $65,495
- Compensation: $346,060
- Related: $0
- Other: $143,915
- Compensation: $265,628
- Related: $0
- Other: $55,273
- Compensation: $271,910
- Related: $0
- Other: $28,919
- Compensation: $224,095
- Related: $0
- Other: $51,217
- Compensation: $218,405
- Related: $0
- Other: $52,522
- Compensation: $234,714
- Related: $0
- Other: $32,635
- Compensation: $208,782
- Related: $0
- Other: $49,464
- Compensation: $189,219
- Related: $0
- Other: $42,048
- Compensation: $172,270
- Related: $0
- Other: $26,878
- Compensation: $158,430
- Related: $0
- Other: $40,926
- Compensation: $181,044
- Related: $0
- Other: $46,623
- Compensation: $181,610
- Related: $0
- Other: $38,912
- Compensation: $171,134
- Related: $0
- Other: $45,996
- Compensation: $170,568
- Related: $0
- Other: $34,651
- Compensation: $185,709
- Related: $0
- Other: $25,602
- Compensation: $166,705
- Related: $0
- Other: $2,802
Official website here: www.hapo.org
Where can I find the form 990 for Hapo Community Credit Union?
Hapo Community Credit Union's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.hapo.org
Learn more at the official website: www.hapo.org
Mission Statement of Hapo Community Credit Union
Hapo Community Credit Union, a mutual organization with over 200,000 members, is dedicated to providing affordable savings opportunities and competitive loan rates. This not-for-profit financial cooperative operates without capital stock and adheres to the credit union philosophy, ensuring financial benefits are distributed among its members rather than external shareholders.
The credit union is renowned for offering low-cost savings vehicles with superior interest returns. Members can rely on Hapo Community Credit Union to help them save money and make the most of their funds. In addition, the credit union offers loans with attractive interest rates, ensuring affordable borrowing options for its members.
By retaining its net earnings in accordance with the regulatory requirements of the National Credit Union Administration (NCUA) and state law, Hapo Community Credit Union maintains a strong financial footing. This approach not only benefits its members but also ensures the credit union's ongoing safety and soundness, as required by the NCUA and state regulations.
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Impact
October, 2024
Hapo Community Credit Union significantly impacts its members by offering low-cost savings options and competitive low-interest loans. With over 200,000 members, Hapo fosters financial well-being by prioritizing superior interest returns on savings. The organization operates without capital stock, focusing on mutual benefits rather than profit, which helps enhance the financial security and growth potential of its members. By retaining net earnings as mandated by regulatory bodies, Hapo ensures its safety and soundness, reinforcing its commitment to providing valuable financial services aligned with the principles of the credit union movement. Through these efforts, Hapo contributes to the economic stability and prosperity of the community it serves.
This information is meant to be a general summary of Hapo Community Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $10,699,878
- Program Service Revenue: $143,599,950
- Gross Receipts: $155,294,481
Assets and Liabilities:
- Total Assets: $2,335,412,553
- Total Liabilities: $2,137,266,605
- Net Assets: $198,145,948
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBER LOAN INTEREST
Revenue
$104,420,854
DEBIT/CREDIT/ATM INTERCHANGE
Revenue
$24,625,384
MEMBER FEES & CHARGES
Revenue
$14,553,712
Organization Details
Founding Year
1953
Principal Officer
Dolores Broeske
Website
www.hapo.orgNTEE Category
Code: Z99 - Unknown
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