Dec, 31, 2023 — HAPO COMMUNITY CREDIT UNION is a federally insured state chartered credit union headquartered in RICHLAND, WA with 21 branch locations and about $2.37 billion in total assets. Opened 71 years ago in 1953, HAPO COMMUNITY CREDIT UNION has about 207,589 members and employs 494 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HAPO COMMUNITY CREDIT UNION |
|---|---|
| Address: (Main Office) | 601 Williams Blvd RICHLAND, WA 99354 |
| Phone: | (509) 943-5676 |
| Fax: | (509) 946-8787 |
| Website: | https://www.hapo.org |
| Branches: | 21 branch locations |
| Members: | 207,589 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68239 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,368,350,761 |
| CEO/Manager: | Dolores Broeske |
| Chairperson: | Ken Hohenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 309,835,563 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,391,239 |
| Real Estate Loans | 442,984,846 |
| Unsecured Loans | 138,650,579 |
| Other Loans | 1,305,990,596 |
| TOTAL LOANS | 1,887,716,070 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -19,643,000 |
| Land And Building | 58,014,801 |
| Other Fixed Assets | 8,498,695 |
| NCUSIF Deposit | 18,550,545 |
| All Other Assets | 1,383,159 |
| TOTAL ASSETS | 2,368,350,761 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 182,717 |
| Notes & Interest Payable | 140,000,000 |
| Accounts Payable & Other Liabilities | 47,706,705 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 417,289,630 |
| Regular shares | 735,425,904 |
| All Other Shares & Deposits | 793,665,745 |
| TOTAL SHARES & DEPOSITS | 1,946,381,279 |
| TOTAL LIABILITIES | 2,134,270,701 |
| Regular Reserve | 0 |
| Other Reserves | -3,457,276 |
| Undivided Earnings | 237,537,336 |
| TOTAL EQUITY | 234,080,060 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,368,350,761 |
| INCOME & EXPENSE | |
| Loan Income | 96,376,532 |
| Investment Income | 10,684,405 |
| Other Income | 12,096,784 |
| Total Employee Compensation & Benefits | 45,904,834 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 39,737,359 |
| Non-operating Income & (Expense) | 265,157 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,615,241 |
| Cost of Funds | 19,973,847 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 34,032,655 |
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