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: $3,826,331
Professional Fundraising Fees: $0
Other Salaries and Wages: $18,133,220
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 CEO of Harborstone Credit Union The CEO's salary of Harborstone Credit Union is $717,189 and their total compensation is $740,591.
Official website here: www.harborstone.com
What is the revenue of Harborstone Credit Union?
Harborstone Credit Union's revenue in 2023 was $93,110,698.
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 2023 was $62,563. There are 351 employees and 14 volunteers at Harborstone Credit Union.
Here are 24 key members and their salaries (Harborstone Credit Union's CEO's salary is $717,189 and their total compensation is $740,591):
- Compensation: $29,448
- Related: $0
- Other: $377
- Compensation: $15,000
- Related: $0
- Other: $377
- Compensation: $20,455
- Related: $0
- Other: $377
- Compensation: $16,375
- Related: $0
- Other: $377
- Compensation: $22,875
- Related: $0
- Other: $377
- Compensation: $20,376
- Related: $0
- Other: $377
- Compensation: $15,750
- Related: $0
- Other: $377
- Compensation: $21,243
- Related: $0
- Other: $377
- Compensation: $20,912
- Related: $0
- Other: $377
- Compensation: $717,189
- Related: $0
- Other: $23,402
- Compensation: $354,163
- Related: $0
- Other: $31,056
- Compensation: $275,986
- Related: $0
- Other: $40,550
- Compensation: $773,255
- Related: $0
- Other: $32,859
- Compensation: $495,721
- Related: $0
- Other: $9,670
- Compensation: $257,851
- Related: $0
- Other: $32,912
- Compensation: $181,300
- Related: $0
- Other: $37,576
- Compensation: $209,588
- Related: $0
- Other: $31,583
- Compensation: $128,041
- Related: $0
- Other: $7,802
- Compensation: $213,816
- Related: $0
- Other: $24,456
- Compensation: $185,552
- Related: $0
- Other: $13,465
- Compensation: $156,942
- Related: $0
- Other: $12,494
- Compensation: $150,042
- Related: $0
- Other: $256
- Compensation: $190,920
- Related: $0
- Other: $34,350
- Compensation: $1,862,500
- Related: $0
- Other: $0
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 2023 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.
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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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $11,619,530
- Program Service Revenue: $79,638,564
- Gross Receipts: $93,204,370
Assets and Liabilities:
- Total Assets: $1,861,434,553
- Total Liabilities: $1,704,766,600
- Net Assets: $156,667,953
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INTEREST FROM LOANS
Revenue
$67,618,916
INTERCHANGE INCOME
Revenue
$6,671,482
MORTGAGE SERVICING RIGHTS
Revenue
$2,443,657
NONSUFFICIENT FUNDS AND OVERDRAFT
Revenue
$1,335,781
REVENUE-SHARING INCOME
Revenue
$843,002
Organization Details
Founding Year
1955
Principal Officer
Geoff Bullock
Website
www.harborstone.comNTEE Category
Code: W60 - Public benefit
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