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HAPO Community Credit Union could be a good option if you live or work in Washington or some parts of Oregon. You also might like this credit union if you're searching for checking and savings accounts with no monthly service fees. If you do not qualify to become a member, our best credit unions guide has other options to explore.
HAPO Community Credit Union Review: Overall Rating
| Account | Insider rating (out of 5) |
| Savings | 3.5 |
| Checking | 4.25 |
| Share Certificate | 3.75 |
| Money Market Account | 3.5 |
| Trustworthiness | 5 |
| Total | 4 |
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HAPO Community Credit Union: Pros and Cons
| Pros | Cons |
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HAPO Community Credit Union Bank Account Reviews
HAPO Community Credit Union Savings Account
$0 monthly service fees
0.05%
$0
- No monthly service fees
- No minimum opening deposit
- No minimum balance requirements
- Low interest rate
- Interest compounds quarterly, not daily
- 19 branches in Washington and Oregon
- To become a member, you must live, work, worship, or attend school in Washington or a select county in Oregon (Umatilla, Morrow, Gillam, Sherman, Wasco, Hood River, Clackamas, Multnomah, Washington, Columbia, or Clatsop County are all eligible Oregon counties)
- Interest compounded and deposited quarterly
- Federally insured by the NCUA
The HAPO Community Credit Union Savings Account could be a solid choice if you're looking for a free savings account. It has zero monthly service fees and zero minimum balance requirements.
It won't be the best option if your goal is to earn a high interest rate, though. Our best high-yield savings accounts guide likely has more suitable options.
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HAPO Community Credit Union Free Checking Account
$0 monthly service fees
0.00% to 0.01%
$0
- No monthly service fees
- No minimum opening deposit
- No minimum balance requirements
- No out-of-network ATM fees
- Overdraft protection available
- Earn interest if you have an account balance of $2,500 or more
- $28 overdraft fee
- $5 overdraft protection transfer fee
- No reimbursements if you're charged by an out-of-network ATM provider
- 19 branches in Washington and Oregon
- Access to over 30,000 free ATMs in the CO-OP ATM network
- To become a member, you must live, work, worship, or attend school in Washington or a select county in Oregon (Umatilla, Morrow, Gillam, Sherman, Wasco, Hood River, Clackamas, Multnomah, Washington, Columbia, or Clatsop County are all eligible Oregon counties)
- Earn 0.01% APY if you have an account balance of $2,500 or more
- Overdraft protection that links your checking account to a savings account
- There's a $5 overdraft transfer fee if you transfer funds from your savings account to cover an overdraft
- Interest compounded and deposited quarterly
- Federally insured by the NCUA
The HAPO Community Credit Union Free Checking Account might be an appealing option if you want a checking account with lenient opening requirements.
The main downside to this account is the $28 overdraft fee. HAPO Community Credit Union has an overdraft protection plan that lets you link your checking account to a savings account, but there's still a $5 overdraft protection transfer fee if you utilize it.
HAPO Community Credit Union Certificate
3.00% to 4.00%
$100
- Low minimum opening deposit
- Standard term options
- Standard early withdrawal penalties
- Low interest rate
- Interest compounds quarterly, not daily
- 19 branches in Washington and Oregon
- To become a member, you must live, work, worship, or attend school in Washington or a select county in Oregon (Umatilla, Morrow, Gillam, Sherman, Wasco, Hood River, Clackamas, Multnomah, Washington, Columbia, or Clatsop County are all eligible Oregon counties)
- Terms range from 6 months to 5 years
- Early withdrawal penalties: For terms 6 months or less, the penalty is 90 days of interest; For terms between 12 months and 18 months, the penalty is 120 days of interest; For terms between 24 months and 36 months, the penalty is 180 days of interest; For terms of 48 months, the penalty is 270 days of interest; For terms of 5 years or more, the penalty is 1 year of interest
- Interest compounded and deposited quarterly
- Federally insured by the NCUA
HAPO Community Certificates stand out because they only require a minimum of $100. You'll need at least $1,000 for share certificates at many institutions.
The credit union's certificate rates are about the same as what you'll earn with the average CD. For more competitive rates, consider going through our best CD rates guide.
HAPO Community Credit Union Money Market Account
$15 monthly service fee (with options to waive)
0.00% to 3.00%
$2,500
- Possible to waive monthly service fee
- Checks included
- Low interest rate
- $2,500 minimum opening deposit
- $15 monthly service fee
- No debit card
- 19 branches in Washington and Oregon
- To become a member, you must live, work, worship, or attend school in Washington or a select county in Oregon (Umatilla, Morrow, Gillam, Sherman, Wasco, Hood River, Clackamas, Multnomah, Washington, Columbia, or Clatsop County are all eligible Oregon counties)
- To avoid a $15 monthly service fee, maintain a minimum of $2,500 in your account
- Earn 0.00% APY on account balances under $2,500
- Earn 0.10% APY on balances between $2,500 and $4,999.99
- Earn 0.15% APY on balances between $5,000 and $14,999.99
- Earn 0.20% APY on balances between $15,000 and $49,999.99
- Earn 0.25% APY on balances between $50,000 to $99,999.99
- Earn 2.00% APY on balances between $100,000 and $299,999.99
- Earn 3.00% APY on balances between $300,000 and $999,999.99
- Earn 3.00% APY on balances over $1 million
- Interest compounded and deposited monthly
- Federally insured by the NCUA
The HAPO Community Credit Union Money Market Account has a steep $15 monthly service fee (with options to waive). To waive the fee, you'll need to keep at least $2,500 in your account daily.
Bear in mind other financial institutions may offer free money market accounts.
About HAPO Community Credit Union
HAPO Community Credit Union is a local financial institution with 19 branches in Washington and Oregon. It's part of the CO-OP Shared ATM network, so you'll have access to over 30,000 free ATMs throughout the US.
To speak with a customer representative, call or use live chat from 9 a.m. to 6 p.m. PT on weekdays or 9 a.m. to 1 p.m. on Saturdays.
The credit union's mobile app is rated 4.8 out of 5 stars in the Apple store and 4.6 out of 5 stars in the Google Play store.
HAPO Community Credit Union is federally insured by the NCUA. Up to $250,000 is secure in individual bank accounts, and $500,000 is safe in joint bank accounts.
How to Join HAPO Community Credit Union
To open a bank account at HAPO Community Credit Union, you have to qualify for membership.
You may be eligible for membership if you or a family member lives, works, worships, or goes to school in the state of Washington or select counties in Oregon (Umatilla, Morrow, Gillam, Sherman, Wasco, Hood River, Clackamas, Multnomah, Washington, Columbia, and Clatsop County are all eligible Oregon counties).
You will also need to open a savings account to establish membership. Savings accounts do not have balance requirements, however, you should have some activity on your account at least once a year to keep your account open.
The Role of Community Development Financial Institutions
Community development financial institutions (CDFIs) serve low-income and disadvantaged communities. Banks and credit unions have to undergo certification by the US Department of Treasury's Community Development Financial Institutions Fund and meet specific requirements to address banking barriers.
HAPO Community Credit Union hosts webinars to inform members about a variety of financial topics like credit scores and buying a car. The credit union also has a scholarship program that awards $50,000 in scholarships annually to high school students.
Is HAPO Community Credit Union Trustworthy?
The Better Business Bureau assesses businesses to see how they address customer issues. The BBB gave HAPO Community Credit Union an A+ rating.
Keep in mind a great BBB rating doesn't necessarily guarantee a smooth relationship with a financial institution. Read online customer reviews and talk to current customers to see if HAPO Community Credit Union could be a good match.
HAPO Community Credit Union hasn't been involved in any recent public scandals.
How Community Credit Union Compares
HAPO Community Credit Union Review vs. Gesa Credit Union Review
Gesa Credit Union is another CDFI. To become a member of Gesa Credit Union, you must live in Washington, select counties in Idaho (Benewah, Bonner, Boundary, Clearwater, Idaho, Kootenai, Latah, Lewis, Nez Perce, or Shoshone county), or select counties in Oregon (Clackamas, Clatsop, Columbia, Gilliam, Hood River, Morrow, Multnomah, Sherman, Umatilla, Union, Wasco, or Washington county).
If you are eligible to become a member of both credit unions, your decision may ultimately depend on which accounts you'd like to open.
Gesa Credit Union has a high-yield checking account, while HAPO Community Credit Union doesn't. However, you might prefer HAPO if you'd like to get a share certificate with a low minimum opening deposit.
HAPO Community Credit Union Review vs. Umpqua Bank Review
Umpqua Bank is a regional bank with over 200 branches in California, Idaho, Nevada, Oregon, and Washington. If you don't meet the requirements for membership at HAPO Community Credit Union but prioritize in-person banking, you might consider Umpqua Bank.
Both financial institutions have solid checking account options if your goal is to avoid monthly service fees.
The Umpqua Bank Embark Checking Account doesn't charge monthly fees if you get online statements. Umpqua Bank also reimburses up to $10 per month in out-of-network ATM fees if you keep at least $2,500 in your account each month.
Meanwhile, the HAPO Community Credit Union Free Checking Account doesn't require a minimum opening deposit or charge any monthly service fees.
Why You Should Trust Us: How We Reviewed HAPO Community Credit Union
In our HAPO Community Credit Union review, we rate checking accounts, savings accounts, CDs, and money market accounts by looking at features like minimum opening requirements, monthly service fees, and customer support availability. We rate products on a scale from one to five stars, and use a bank account methodology
For example, using our CD methodology we'll review interest rates, minimum opening deposit requirements, early withdrawal penalties, CD variety, customer support availability, mobile app ratings, miscellaneous features, security, and ethics of the overall company. Meanwhile, for checking accounts, we'll factor in the ATM network size and fees, overdraft protection options, customer support hours, mobile app ratings, ethics, security, miscellaneous features, minimum opening deposit requirements, and fees.
We use a weighted average to get our star rating, which means we weigh certain features, like interest rates and fees, at a higher weight percentage than others. We understand that these areas can more heavily impact a person's overall banking experience.
HAPO Community Credit Union FAQs
HAPO Community Credit Union has 19 locations. You can find a HAPO Community branch in the following cities: Hermiston, Oregon; Milwaukie, Oregon; Weston, Oregon; College Place, Washington; Kennewick, Washington; Pasco, Washington; Richland, Washington; Sunnyside, Washington; Vancouver, Washington; Walla Walla, Washington and Yakima, Washington.
Yes, HAPO Community Credit Union is federally insured by the NCUA. If a credit union is federally insured by the NCUA, up to $250,000 is secure per depositor in a bank account. In the rare event a credit union fails, your money will be moved to another NCUA-insured credit union, or it will be mailed to you via check.
Editorial Note: Any opinions, analyses, reviews, or recommendations expressed in this article are the author’s alone, and have not been reviewed, approved, or otherwise endorsed by any card issuer. Read our editorial standards.
Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.
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