Nonprofit · EIN 91-0659059
CREDIT UNIONS IN THE STATE OF WASHINGTON
Also known as HARBORSTONE CREDIT UNION
Tax-exempt · LAKEWOOD, WA 98499
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $122,675,100 | $111,921,139 | $10,753,961 | $2,109,617,653 | $1,932,427,270 | $177,190,383 |
| December 31, 2023 | 990 | $93,110,698 | $86,011,707 | $7,098,991 | $1,907,287,967 | $1,741,880,043 | $165,407,924 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $99,006,521
- Investment income
- $23,182,311
- Net rental income
- $46,808
- Net gain from sales of assets
- $10,316,789
- Other revenue
- $486,268
Expenses
- Grants and similar amounts paid
- $550,725
- Benefits paid to members
- $35,125,505
- Compensation of officers, directors and key employees
- $4,136,862
- Other salaries and wages
- $21,681,808
- Salaries, compensation and benefits (total)
- $34,373,283
- Professional fundraising fees
- $0
- Legal fees
- $673,645
- Accounting fees
- $161,100
- Occupancy
- $2,939,020
- Travel
- $242,992
- Depreciation
- $1,964,859
Balance sheet and other
- Total assets, start of year
- $1,907,287,967
- Total assets, end of year
- $2,109,617,653
- Total liabilities, end of year
- $1,932,427,270
- Net assets, end of year
- $177,190,383
- Land, buildings and equipment
- $19,413,393
- Publicly traded securities
- $330,996,192
- Gross unrelated business income
- $140,881
- Gross receipts
- $132,434,318
- Employees
- 374
- Volunteers
- 14
- Year formed
- 1955
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| GEOFF BULLOCK | PRESIDENT & CEO Officer | 40 | $1,083,677 | $43,471 |
| STEVE CROSBY | SR VP COO (LEFT 07/2024) Officer | 40 | $1,092,550 | $34,036 |
| ROBERT LUETTJOHANN | SR VP CLO Officer | 40 | $330,799 | $54,513 |
| THERESA WALYOR | SR VP CIO Officer | 40 | $305,867 | $49,043 |
| MARK FAIRBANKS | SR VP CFO Officer | 40 | $286,018 | $55,941 |
| TIM HOEFEL | SR VP CRO Officer | 40 | $291,180 | $36,647 |
| SCOTT BECKWITH | VP BUSINESS BANKING Highest-paid employee | 40 | $202,879 | $42,673 |
| CONNOR LEWIS | VP STRATEGIC INITIATIVES Highest-paid employee | 40 | $198,399 | $36,857 |
| BONN VALERA | VP RETAIL Highest-paid employee | 40 | $169,468 | $41,861 |
| HEATHER HEALEA | VP CONSUMER LENDING Highest-paid employee | 40 | $173,329 | $31,847 |
| SCOTT HIGGINS | VP BUSINESS BANKING Highest-paid employee | 40 | $183,438 | $20,957 |
| JIMESE HARKLEY | SVP CCEO Officer | 40 | $136,681 | $8,590 |
| DOLORES BROESKE | SVP CPO Officer | 40 | $71,504 | $192 |
| ANN ANDERSON | VICE CHAIR Trustee or director, Officer | 2 | $39,771 | $716 |
| FRANKLIN DONAHOE | DIRECTOR Trustee or director | 2 | $37,537 | $676 |
7 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHELLIE WILLIS | SECRETARY Trustee or director, Officer | 2 | $36,484 | $657 |
| LINDA CRANE NELSEN | DIRECTOR Trustee or director | 2 | $32,413 | $583 |
| RICK STEVENS | CHAIR Trustee or director, Officer | 2 | $31,735 | $571 |
| MICHAEL GEDEON | DIRECTOR Trustee or director | 2 | $22,174 | $399 |
| IVAN BARRON | DIRECTOR Trustee or director | 2 | $19,301 | $348 |
| JAMES BUCK | DIRECTOR Trustee or director | 2 | $16,341 | $294 |
| BONNIE KERN | DIRECTOR Trustee or director | 2 | $15,866 | $286 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PHIL JONES | FORMER PRESIDENT & CEO Former | 40 | $1,862,500 | $0 |
| FOREST HAYES | SR VP CFO (THRU 7/26/23) Officer | 40 | $773,255 | $32,859 |
| GEOFF BULLOCK | PRESIDENT & CEO Officer | 40 | $717,189 | $23,402 |
| LISA STIRGUS | SR VP CXO (THRU 1/27/23) Officer | 40 | $495,721 | $9,670 |
| ROBERT LUETTJOHANN | SR VP CLO Officer | 40 | $354,163 | $31,056 |
| STEVE CROSBY | SR VP COO Officer | 40 | $275,986 | $40,550 |
| MICHAEL DECIUS | SR VP CIO (THRU 7/2023) Officer | 40 | $257,851 | $32,912 |
| THERESA WALYOR | SR VP CIO Officer | 40 | $209,588 | $31,583 |
| JAY OLSON | VP RISK MANAGEMENT Highest-paid employee | 40 | $213,816 | $24,456 |
| SCOTT BECKWITH | VP BUSINESS SALES AND SERVICE Highest-paid employee | 40 | $190,920 | $34,350 |
| MARK FAIRBANKS | SR VP CFO Officer | 40 | $181,300 | $37,576 |
| JAMES GRECO | VP CREDIT AND COLLECTIONS Highest-paid employee | 40 | $185,552 | $13,465 |
| RAMANDEEP SINGH | VP RETAIL Highest-paid employee | 40 | $156,942 | $12,494 |
| SYED FARAZ HUSSAIN | VP BUSINESS SALES AND SERVICE Highest-paid employee | 40 | $150,042 | $256 |
| TIM HOEFEL | SR VP CRO Officer | 40 | $128,041 | $7,802 |
| ANN ANDERSON | CHAIR Trustee or director, Officer | 2 | $29,448 | $377 |
| FRANKLIN DONAHOE | DIRECTOR Trustee or director | 2 | $22,875 | $377 |
| LINDA CRANE NELSEN | DIRECTOR Trustee or director | 2 | $21,243 | $377 |
| MICHAEL GEDEON | DIRECTOR Trustee or director | 2 | $20,912 | $377 |
| SHELLIE WILLIS | SECRETARY Trustee or director, Officer | 2 | $20,455 | $377 |
| IVAN BARRON | DIRECTOR Trustee or director | 2 | $20,376 | $377 |
| BONNIE KERN | DIRECTOR Trustee or director | 2 | $16,375 | $377 |
| JAMES BUCK | DIRECTOR Trustee or director | 2 | $15,750 | $377 |
| RICK STEVENS | VICE CHAIR Trustee or director, Officer | 2 | $15,000 | $377 |
Address and contacts
- Address (IRS master file)
- 9611 GRAVELLY LAKE DR SW, LAKEWOOD, WA 98499-1510
- In care of
- % LAURIE LENO
- Principal officer (990 for 2024)
- GEOFF BULLOCK, PO BOX 4207, TACOMA, WA 98438
- Signed the 990
- MARK FAIRBANKS, SVP/ CHIEF FINANCIAL OFFICER
- Phone
- (253) 589-8009
- Website
- WWW.HARBORSTONE.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
THE CREDIT UNION IS A WORLD CLASS FINANCIAL INSTRITUTION THAT BUILDS TRUST AS IT ASSISTS MEMBERS IN ACHIEVING FINANCIAL WELL BEING THROUGH INNOVATIVE SOLUTIONS THAT FOSTER THRIVING COMMUNITIES AND ECONOMIC VITALITY.
Program accomplishments
- PROVIDING CONSUMER AND MORTGAGE LOANS FOR 42,871 MEMBERS TOTALING $1,189,967,421.
- PROVIDING BUSINESS LOANS TO 502 MEMBERS TOTALING $358,714,995.
- MAINTAINING DEPOSITS ON 92,561 MEMBERS AND BUSINESS ACCOUNTS TOTALING $1,862,273,561.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-0659059
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1269: CREDIT UNIONS IN THE STATE OF WASHINGTON
- Assets (IRS master file)
- $2,109,617,653
- Income (IRS master file)
- $132,434,318
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $122,675,100 | $111,921,139 | $2,109,617,653 | XML |
| 990 | December 2023 | $93,110,698 | $86,011,707 | $1,907,287,967 | XML |
| 990 | December 2022 | $76,742,957 | $62,794,019 | $1,861,434,553 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-0659059).
Questions about CREDIT UNIONS IN THE STATE OF WASHINGTON
- What is the EIN of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF WASHINGTON is 91-0659059.
- Is CREDIT UNIONS IN THE STATE OF WASHINGTON tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1954.
- Are donations to CREDIT UNIONS IN THE STATE OF WASHINGTON tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF WASHINGTON file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS IN THE STATE OF WASHINGTON due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS IN THE STATE OF WASHINGTON last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 names GEOFF BULLOCK.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2024 lists 22 people; 22 received compensation from the organization, the highest $1,083,677 (GEOFF BULLOCK, PRESIDENT & CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF WASHINGTON have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $122,675,100, expenses of $111,921,139 and total assets of $2,109,617,653 at year end.
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