Jun, 30, 2024 — HARBORSTONE CREDIT UNION is a federally insured state chartered credit union headquartered in LAKEWOOD, WA with 14 branch locations and about $1.84 billion in total assets. Opened 70 years ago in 1955, HARBORSTONE CREDIT UNION has about 86,048 members and employs 283 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HARBORSTONE CREDIT UNION |
|---|---|
| Address: (Main Office) | 9611 Gravelly Lake Dr Sw LAKEWOOD, WA 98499-1510 |
| Phone: | (253) 584-2260 |
| Fax: | (253) 581-2975 |
| Website: | https://www.harborstone.com |
| Branches: | 14 branch locations |
| Members: | 86,048 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66399 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1955 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,842,142,840 |
| CEO/Manager: | Geoff Bullock |
| Chairperson: | Ann Anderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 73,056,156 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 604,738,645 |
| Unsecured Loans | 18,622,696 |
| Other Loans | 701,031,136 |
| TOTAL LOANS | 1,332,972,369 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,728,246 |
| Land And Building | 18,636,480 |
| Other Fixed Assets | 6,177,564 |
| NCUSIF Deposit | 15,429,056 |
| All Other Assets | 329,546 |
| TOTAL ASSETS | 1,842,142,840 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 65,000,000 |
| Accounts Payable & Other Liabilities | 15,320,846 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 457,620,457 |
| Regular shares | 630,915,172 |
| All Other Shares & Deposits | 523,562,785 |
| TOTAL SHARES & DEPOSITS | 1,612,098,414 |
| TOTAL LIABILITIES | 1,692,419,260 |
| Regular Reserve | 0 |
| Other Reserves | -27,749,735 |
| Undivided Earnings | 177,473,315 |
| TOTAL EQUITY | 149,723,580 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,842,142,840 |
| INCOME & EXPENSE | |
| Loan Income | 41,269,258 |
| Investment Income | 5,876,146 |
| Other Income | 3,116,688 |
| Total Employee Compensation & Benefits | 20,754,385 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 17,592,717 |
| Non-operating Income & (Expense) | 289,898 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,313,192 |
| Cost of Funds | 2,732,085 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,322,598 |
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