Credit union expands business into Oregon

Oregon residents soon will be able to bank at HAPO Community Credit Union.

The credit union has received approval from the Oregon State Division of Finance and Corporate Securities to expand its operation into Umatilla County, according to David Schulz, president and CEO of HAPO.

"We have been serving Oregon residents who commute and work in Washington for some time now," said Steve Anderson, executive vice president and chief operating officer for HAPO.

"We've been methodically planning our expansion into Oregon and will build our first branch in Hermiston. HAPO has over $820 million in assets and is one of very few financial institutions of equal size posting solid earnings and able to continue to build new branches," Schulz said.

HAPO has 11 branches in Washington and serves about 86,000 members.

"Our branching strategy also includes building a new financial center in Walla Walla in the next 12 months, providing even more convenience to our members," Anderson said.