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Board of Directors and Audit Committee Compensation Plan

As permitted by law and the Credit Union's Bylaws, HAPO provides reasonable compensation to the Board of Directors and Audit Committee for their service to the Credit Union. An annual stipend is payable in quarterly installments in recognition of the education and time requirements that are necessary and expected of Board members, who set the general direction and control of the Credit Union and Audit Committee members who provide oversight regarding the safety and soundness of the Credit Union.

As required by law, the members of the Credit Union shall be informed of the compensation provided to Directors and Audit Committee members.

Compensation Plan

The annual stipend for Board Members and is based on leadership positions held. The Annual Stipend for Audit Committee Members not serving on the board is $11,520.

Director & Board Chair$40,320
Director & Vice Chair$37,440
Director & Audit Chair$37,440
Director & Officer$31,680
Director$28,800
Audit Committee Member$11,520

Board Compensation for 2024

Ken Hohenberg | Chairman$33,600
William Tanner | Vice Chairman and Audit Committee Member$31,200
Rich Cummins | Secretary$26,400
Ken Gale | Treasurer$26,400
William Saraceno | Director and Audit Committee Chairman$31,200
Bill Clarke | Director$24,000
Doug Carl | Director$24,000
Steve Dean | Audit Committee Member$9,600
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Audit Committee

PO Box 669
Richland 99352

Annual Report

View our most recent annual report.

HAPO
601 Williams Blvd. Richland, WA 99354
Phone: 509-943-5676