Dec, 31, 2021 — HARBORSTONE CREDIT UNION is a federally insured state chartered credit union headquartered in LAKEWOOD, WA with 14 branch locations and about $1.88 billion in total assets. Opened 67 years ago in 1955, HARBORSTONE CREDIT UNION has about 84,716 members and employs 274 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: | http://www.harborstone.com |
| Branches: | 14 branch locations |
| Members: | 84,716 |
| 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, 2020 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,877,139,875 |
| CEO/Manager: | Phil Jones |
| Chairperson: | Ann Anderson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 108,140,603 |
| TOTAL INVESTMENTS | 404,904,222 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 601,354,066 |
| Unsecured Loans | 20,270,312 |
| Other Loans | 669,682,203 |
| TOTAL LOANS | 1,291,306,581 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,413,266 |
| Land And Building | 19,071,097 |
| Other Fixed Assets | 5,426,694 |
| NCUSIF Deposit | 14,822,315 |
| All Other Assets | 47,881,629 |
| TOTAL ASSETS | 1,877,139,875 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 13,115,781 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 463,515,887 |
| Regular shares | 625,382,364 |
| All Other Shares & Deposits | 575,907,063 |
| TOTAL SHARES & DEPOSITS | 1,664,805,314 |
| TOTAL LIABILITIES | 1,677,921,095 |
| Regular Reserve | 13,939,594 |
| Other Reserves | 20,128,468 |
| Undivided Earnings | 165,150,718 |
| TOTAL EQUITY | 199,218,780 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,877,139,875 |
| INCOME & EXPENSE | |
| Loan Income | 52,648,315 |
| Investment Income | 5,277,429 |
| Other Income | 5,385,264 |
| Total Employee Compensation & Benefits | 25,261,698 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 22,762,653 |
| Non-operating Income & (Expense) | 270 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,743,720 |
| Cost of Funds | 3,468,157 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 20,746,469 |
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