Harbor Pointe Credit Union

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410226825 ✦ Duluth, MN ✦ Designated as a 501(c)(14)

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Overview

What is Harbor Pointe Credit Union?

Harbor Pointe Credit Union is a member-driven financial institution located in Duluth, with a mission to cater to the saving, borrowing, and investment requirements of its members. By offering desired financial services, the credit union enables its members to save collectively and borrow from each other, fostering a sense of mutual support and financial growth.


Official website here: www.hpcu.us

What do the Facebook reviews say about Harbor Pointe Credit Union?

96% of 10 reviewers on Facebook recommend Harbor Pointe Credit Union. Here is a summary of their reviews:

Customers express high satisfaction with the excellent service provided by the credit union. Many highlight the responsiveness and helpfulness of the staff, indicating that their needs are met promptly and effectively.

Overall, it appears that Harbor Pointe Credit Union delivers on its promises, with users appreciating the commitment to outstanding customer service and support.


This AI summary has been generated from reviews found on Facebook.

Is Harbor Pointe Credit Union legitimate?

Harbor Pointe Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Harbor Pointe Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $503,953
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,261,193

For more financial information, click here


Official website here: www.hpcu.us

What is the mission statement of Harbor Pointe Credit Union?

Harbor Pointe Credit Union's mission is centered around meeting the financial needs of its members. This is accomplished by offering desired savings, borrowing, and investment services. The unique aspect of this credit union is that members essentially lend and borrow from each other, fostering a sense of community and mutual support.


Official website here: www.hpcu.us

Who is the CEO of Harbor Pointe Credit Union?

Rick Lappi is the President/Ceo of Harbor Pointe Credit Union. The CEO's salary of Harbor Pointe Credit Union is $191,557 and their total compensation is $229,682.


Official website here: www.hpcu.us

What is the revenue of Harbor Pointe Credit Union?

Harbor Pointe Credit Union's revenue in 2022 was $5,734,343.


Official website here: www.hpcu.us

Who are the executives of Harbor Pointe Credit Union and what are their salaries?

The average compensation at Harbor Pointe Credit Union during 2022 was $49,032. There are 36 employees and 10 volunteers at Harbor Pointe Credit Union.


Here are 9 key members and their salaries (Harbor Pointe Credit Union's CEO's salary is $191,557 and their total compensation is $229,682):


Rick Lappi (President/Ceo)
  • Compensation: $191,557
  • Related: $0
  • Other: $38,125
Lisa Herstad (Evp)
  • Compensation: $134,262
  • Related: $0
  • Other: $16,026
James Lundberg (Vp Lending)
  • Compensation: $111,263
  • Related: $0
  • Other: $12,720
Polly John (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lisa Mitchell Krocak (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Fisher (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Merry Wallin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eddie Crawford (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Earl Grano (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hpcu.us

Where can I find the form 990 for Harbor Pointe Credit Union?

Harbor Pointe Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.hpcu.us

Learn more at the official website: www.hpcu.us

Mission Statement of Harbor Pointe Credit Union

Harbor Pointe Credit Union is committed to fulfilling the financial needs of its members. This nonprofit organization facilitates savings and lending among its members, enabling them to access the financial services they desire. By operating on the principle of members saving and borrowing from each other, Harbor Pointe Credit Union ensures that it caters to the financial requirements of its members effectively. The union's mission is to bridge the gap between borrowing and saving needs, providing its members with the financial services they require.

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Impact




October, 2024

Harbor Pointe Credit Union plays a vital role in the financial well-being of its members in Duluth, MN, by meeting their borrowing, saving, and investment needs. It fosters a community-driven financial environment where members can save and borrow from each other, promoting a sense of shared responsibility and support. This collaborative approach not only enhances individual financial stability but also strengthens the community as a whole. By focusing on the specific financial needs of its members, Harbor Pointe Credit Union is dedicated to providing accessible and desired financial services, effectively empowering its members to achieve their financial goals.




This information is meant to be a general summary of Harbor Pointe Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,734,343 (2022)
Expenses
$4,585,398 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $565,873
  • Program Service Revenue: $5,168,470
  • Gross Receipts: $5,814,228

Assets and Liabilities:

  • Total Assets: $152,867,431
  • Total Liabilities: $138,905,495
  • Net Assets: $13,961,936

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Interest Income

Revenue

$4,015,615

Other Income

Revenue

$851,466

Fee income

Revenue

$287,803

Organization Details

Founding Year

1933

Principal Officer

Rick Lappi

Main Address

11 W 2nd Street, Duluth, MN, 55802

NTEE Category

Code: W60 - Public benefit

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