Sep, 30, 2025 — HARBOR POINTE CREDIT UNION is a federally insured state chartered credit union headquartered in DULUTH, MN with 3 branch locations and about $151.17 million in total assets. Opened 93 years ago in 1933, HARBOR POINTE CREDIT UNION has about 8,036 members and employs 29 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HARBOR POINTE CREDIT UNION |
|---|---|
| Address: (Main Office) | 11 W 2nd St DULUTH, MN 55802-2014 |
| Phone: | (218) 722-9242 |
| Fax: | (218) 722-4516 |
| Website: | https://www.hpcu.us |
| Branches: | 3 branch locations |
| Members: | 8,036 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60207 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1933 |
| Last Audited: | Mar 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $151,171,913 |
| CEO/Manager: | Lisa Herstad |
| Chairperson: | Pauline John |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,397,105 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 79,846,777 |
| Unsecured Loans | 2,491,609 |
| Other Loans | 40,109,841 |
| TOTAL LOANS | 122,448,227 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -875,570 |
| Land And Building | 1,255,974 |
| Other Fixed Assets | 304,141 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,224,980 |
| All Other Assets | 0 |
| TOTAL ASSETS | 151,171,913 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 75,180 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 584,288 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 32,231,495 |
| Regular shares | 51,436,479 |
| All Other Shares & Deposits | 47,106,296 |
| TOTAL SHARES & DEPOSITS | 130,774,270 |
| TOTAL LIABILITIES | 131,433,738 |
| Regular Reserve | 0 |
| Other Reserves | -257,433 |
| Undivided Earnings | 19,995,608 |
| TOTAL EQUITY | 19,738,175 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 151,171,913 |
| INCOME & EXPENSE | |
| Loan Income | 4,974,677 |
| Investment Income | 496,718 |
| Other Income | 285,349 |
| Total Employee Compensation & Benefits | 1,722,555 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 1,952,957 |
| Non-operating Income & (Expense) | -33,374 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 155,088 |
| Cost of Funds | 890,461 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,406,182 |
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