Dec, 31, 2023 — HARBORSTONE CREDIT UNION is a federally insured state chartered credit union headquartered in LAKEWOOD, WA with 15 branch locations and about $1.91 billion in total assets. Opened 69 years ago in 1955, HARBORSTONE CREDIT UNION has about 88,207 members and employs 281 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 |
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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: | 15 branch locations |
Members: | 88,207 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66399 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1955 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,909,288,198 |
CEO/Manager: | Geoff Bullock |
Chairperson: | Ann Anderson |
ASSETS: | $ Amount |
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Cash & Equivalents | 92,158,208 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 609,527,601 |
Unsecured Loans | 24,852,683 |
Other Loans | 728,432,497 |
TOTAL LOANS | 1,379,449,934 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -20,481,465 |
Land And Building | 18,257,677 |
Other Fixed Assets | 7,612,532 |
NCUSIF Deposit | 15,574,415 |
All Other Assets | 877,382 |
TOTAL ASSETS | 1,909,288,198 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 54,661 |
Notes & Interest Payable | 55,000,000 |
Accounts Payable & Other Liabilities | 12,806,397 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 391,659,608 |
Regular shares | 503,157,779 |
All Other Shares & Deposits | 779,201,595 |
TOTAL SHARES & DEPOSITS | 1,674,018,984 |
TOTAL LIABILITIES | 1,741,880,042 |
Regular Reserve | 0 |
Other Reserves | -29,853,365 |
Undivided Earnings | 197,261,521 |
TOTAL EQUITY | 167,408,156 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,909,288,198 |
INCOME & EXPENSE | |
Loan Income | 67,114,446 |
Investment Income | 12,203,067 |
Other Income | 3,765,338 |
Total Employee Compensation & Benefits | 28,449,345 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 25,333,059 |
Non-operating Income & (Expense) | 2,511,079 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,397,382 |
Cost of Funds | 24,613,927 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 10,086,142 |
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