Credit Unions In The State Of Washington

Organization Overview

Credit Unions In The State Of Washington is located in Richland, WA. The organization was established in 1954. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, Credit Unions In The State Of Washington employed 590 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Credit Unions In The State Of Washington is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Credit Unions In The State Of Washington generated $118.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $98.5m during the year ending 12/2021. While expenses have increased by 6.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Credit Unions In The State Of Washington has awarded 111 individual grants totaling $4,466,807. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HAPO PROVIDES LOW COST SAVINGS VEHICLES WITH SUPERIOR INTEREST RETURN AND LOW INTEREST RATE LOANS TO OVER 185,000 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.


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Board, Officers & Key Employees

Name (title)Compensation
Dolores Broeske
President/ceo
$1,114,887
Scott Mitchell
Sr Vp/cfo
$887,936
Ruby Campos
Sr Vp/coo
$783,951
Carolyn O'niel
Sr Vp/cdo
$758,550
Jessica Gaudreault
Sr Vp/cro
$734,462
Charles March
VP Of Inform. Systems (thru 011/21)
$356,194

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Ncr Corporation
Software And Support Services
$1,891,282
Right Systems Inc
It Software And Hardware Services
$1,083,948
Dick Hannah Chrysler
Dealer Direct Reserve Compensation
$997,571
Corwin Ford Tri Cities
Dealer Direct Reserve Compensation
$815,108
Charter Communications
Internet Services
$656,532
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$116,938,410
Investment income $592,982
Tax Exempt Bond Proceeds $0
Royalties $261,985
Net Rental Income $246,569
Net Gain/Loss on Asset Sales -$106,091
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $356
Miscellaneous Revenue$0
Total Revenue $118,353,811

Grants Awarded

Over the last fiscal year, Credit Unions In The State Of Washington has awarded $607,898 in support to 15 organizations.

Grant RecipientAmount

TRI CITIES WATER FOLLIES ASSOCIATION

PURPOSE: WATER FOLLIES AND AIR SHOW EVENT SPONSOR

$185,000

FRANKLIN COUNTY

PURPOSE: HAPO CENTER NAMING RIGHTS

$102,490

TRI CITY CANCER CENTER

Org PageRecipient Profile

Kennewick, WA

PURPOSE: ANNUAL DONATION

$75,000

TOYOTA CENTER AND ARENA

PURPOSE: HAPO HANGOUT NAMING RIGHS

$74,374

CITY OF RICHLAND

PURPOSE: JOHN DAM PLAZA PARK STAGE AND VARIOUS LOCAL EVENT SPONSORSHIPS

$34,000

CREDIT UNION NATIONAL ASSOCIATION

Org PageRecipient Profile

Washington, DC

PURPOSE: CREDIT UNION AWARENESS CAMPAIGN

$33,333
View Grant Profile

Peer Organizations

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