Harborstone Credit Union

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

EIN: 910659059 ✦ Tacoma, WA ✦ Designated as a 501(c)(14)

Shop smarter and support your favorite cause at the same time! With the Give Freely browser extension, you'll automatically save money with coupons, and partner stores will donate to your chosen charity - at no extra cost to you. Start giving back with a single click. It's safe, free, and spam-free, guaranteed!

Overview

What is Harborstone Credit Union?

Harborstone Credit Union is a member-owned, not-for-profit financial cooperative based in Tacoma, Washington. With a membership of 39,446 and assets totaling over $1 billion, Harborstone offers a range of consumer and mortgage loans to its members. Their mission is to serve as a trusted anchor for their community by creating a platform for members to provide each other with necessary financial services. Harborstone Credit Union's operations are focused on meeting the financial needs of its members and contributing to the stability of the local economy.


Official website here: www.harborstone.com

Is Harborstone Credit Union legitimate?

Harborstone Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Harborstone 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: $3,968,679
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,336,026

For more financial information, click here


Official website here: www.harborstone.com

What is the mission statement of Harborstone Credit Union?

Harborstone Credit Union functions as a cooperative, owned by its members, with a mission to offer essential financial services to its member base. Operating on a not-for-profit basis, the credit union's purpose is to serve its members and provide them with necessary financial solutions. With a membership of over 39,000 and total assets amounting to $1.1 billion, Harborstone Credit Union is committed to acting as a trusted financial anchor for its community.


Official website here: www.harborstone.com

Who is the CEO of Harborstone Credit Union?

Geoff Bullock is the President & Ceo (Began 10/2022) of Harborstone Credit Union. The CEO's salary of Harborstone Credit Union is $263,388 and their total compensation is $263,388.


Official website here: www.harborstone.com

What is the revenue of Harborstone Credit Union?

Harborstone Credit Union's revenue in 2022 was $76,742,957.


Official website here: www.harborstone.com

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

The average compensation at Harborstone Credit Union during 2022 was $59,345. There are 359 employees and 14 volunteers at Harborstone Credit Union.


Here are 21 key members and their salaries (Harborstone Credit Union's CEO's salary is $263,388 and their total compensation is $263,388):


Ann Anderson (Chair)
  • Compensation: $32,296
  • Related: $0
  • Other: $0
Linda Crane Nelson (Secretary)
  • Compensation: $19,870
  • Related: $0
  • Other: $0
Ivan Barron (Director)
  • Compensation: $22,559
  • Related: $0
  • Other: $0
Franklin Donahoe (Director)
  • Compensation: $18,410
  • Related: $0
  • Other: $0
James Buck (Vice Chair)
  • Compensation: $15,927
  • Related: $0
  • Other: $0
Rick Stevens (Director)
  • Compensation: $16,380
  • Related: $0
  • Other: $0
Bonnie Kern (Director)
  • Compensation: $16,934
  • Related: $0
  • Other: $0
Michael Gedeon (Director)
  • Compensation: $15,377
  • Related: $0
  • Other: $0
Shellie Willis (Director)
  • Compensation: $15,927
  • Related: $0
  • Other: $0
Phil Jones (President & Ceo (Thru 10/2022))
  • Compensation: $1,437,587
  • Related: $0
  • Other: $50,176
Forest Hayes (Svp Chief Financial Officer)
  • Compensation: $357,451
  • Related: $0
  • Other: $54,089
Geoff Bullock (President & Ceo (Began 10/2022))
  • Compensation: $263,388
  • Related: $0
  • Other: $0
Steve Crosby (Svp Chief Operations Officer)
  • Compensation: $331,562
  • Related: $0
  • Other: $51,735
Lisa Stirgus (Svp Chief Experience Officer)
  • Compensation: $301,338
  • Related: $0
  • Other: $44,127
Michael Decius (Svp Chief Information Officer)
  • Compensation: $507,149
  • Related: $0
  • Other: $47,379
Robert Luettjohann (Svp Chief Lending Officer)
  • Compensation: $302,548
  • Related: $0
  • Other: $46,469
Jay Olson (Vp Business Banking)
  • Compensation: $196,213
  • Related: $0
  • Other: $14,845
James Greco (Vp Consumer Lending)
  • Compensation: $179,392
  • Related: $0
  • Other: $21,785
Eric Zittel (Vp Training Development)
  • Compensation: $178,914
  • Related: $0
  • Other: $37,490
Scott Beckwith (Vp Credit Collections)
  • Compensation: $194,768
  • Related: $0
  • Other: $36,552
Theresa Walyor (Vp It Systems)
  • Compensation: $160,483
  • Related: $0
  • Other: $29,884


Official website here: www.harborstone.com

Where can I find the form 990 for Harborstone Credit Union?

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


Official website here: www.harborstone.com

Learn more at the official website: www.harborstone.com

Mission Statement of Harborstone Credit Union

Harborstone Credit Union, a member-owned cooperative, is dedicated to serving its members by providing essential financial services. Established for the purpose of mutual assistance, this not-for-profit organization aims to create a platform where its members can support one another. Harborstone Credit Union's mission is driven by a deep commitment to building trust and stability within its community.

The credit union offers a range of consumer and mortgage loans to its 39,446 members, collectively totalling over $1 billion in assets. By providing these financial services, Harborstone Credit Union plays a crucial role in helping its members meet their financial needs. The organization's member-centric approach to banking ensures that it remains an anchor of trust for its community. With a strong sense of cooperation and a shared goal of financial wellbeing, Harborstone Credit Union continues to thrive and make a positive impact on the lives of its members.

Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!

Impact




October, 2024

Harborstone Credit Union plays a vital role in the Tacoma community by providing essential financial services to its members. With a membership base of 39,446, it has facilitated consumer and mortgage loans totaling over $1.09 billion. This considerable financial support allows individuals and families to achieve their homeownership dreams and meet their personal financial needs.

Being a member-owned cooperative, Harborstone fosters a sense of trust and collaboration among its members. It operates with the mission of creating a community where members can mutually benefit from accessible financial services. By prioritizing the needs of its members and reinvesting in the community, Harborstone Credit Union significantly contributes to the economic well-being and financial stability of Tacoma and its surrounding areas.




This information is meant to be a general summary of Harborstone 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
$76,742,957 (2022)
Expenses
$62,794,019 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $7,591,430
  • Program Service Revenue: $67,873,186
  • Gross Receipts: $80,106,596

Assets and Liabilities:

  • Total Assets: $1,861,434,553
  • Total Liabilities: $1,704,766,600
  • Net Assets: $156,667,953

Want to help this charity, for free? You can click here to learn more about Give Freely

Programs

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

INTEREST FROM LOANS

Revenue

$56,969,001

INTERCHANGE INCOME

Revenue

$6,843,983

FEE INCOME

Revenue

$2,164,276

NONSUFFICIENT FUNDS AND OVERDRAFT

Revenue

$1,128,146

REVENUE-SHARING INCOME

Revenue

$701,794

Organization Details

Founding Year

1955

Principal Officer

Geoff Bullock

Main Address

PO BOX 4207, TACOMA, WA, 98438

NTEE Category

Code: W60 - Public benefit

If you are a representative of Harborstone Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.