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Harborstone Credit Union

Foundation · Grantmaker Tacoma, WA EIN: 91-0659059 Website

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.

Key facts about Harborstone Credit Union

In short: Harborstone Credit Union gave $516K across 16 grants in 2024 (avg $32K), mostly in Washington. 31% of 2024 grantees were new. Source: 2024 IRS Form 990 filing.

EIN
91-0659059
Latest 990 filing
Form 990 filing, 2024
Annual giving (2024)
$515,725
Grants made (2024)
16
Average grant
$32,233
Median grant
$17,630
New grantees (estimate)
31% first-time grantees (5 of 16, 2024)
Total assets
$2,109,617,653
Primary geography
Washington (98% of itemized 2024 grant dollars)

Data from IRS Form 990 filing, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).

Quick answers about Harborstone Credit Union

How much does Harborstone Credit Union give each year?

Harborstone Credit Union gave $516K across 16 grants in 2024, according to its 2024 IRS Form 990 filing. In 2023 it gave $377K across 17 grants.

What is Harborstone Credit Union's typical grant size?

Harborstone Credit Union's median grant in 2024 was $17,630, and its average grant was $32,233, across 16 grants on its 2024 IRS Form 990 filing. Organizations receiving their first grant from Harborstone Credit Union that year got $25K on average.

Where does Harborstone Credit Union give grants?

Harborstone Credit Union gives mostly in Washington: 98% of the grant dollars itemized on its 2024 IRS Form 990 filing went to recipients there. The most frequent recipient cities were Seattle, WA (7 grants) and Tacoma, WA (3 grants).

Does Harborstone Credit Union give general operating support?

Not in 2024: none of the 16 grants with a stated purpose on Harborstone Credit Union's 2024 IRS Form 990 filing were described as general or operating support.

Who are Harborstone Credit Union's largest grantees?

Harborstone Credit Union's largest 2024 grantees include Business Impact NW (Seattle Economic Development) ($163,500), Junior Achievement of Washington ($57,000) and Uw Foster School of Business ($52,500), according to its 2024 IRS Form 990 filing. Together they received 53% of its itemized 2024 grant dollars.

Is Harborstone Credit Union open to new grantees?

31%

first-time grantees, 2024

In 2024, 5 of 16 grantees (31%) were first-time recipients. First grants averaged $25K; repeat grants $35K. How we count

Medians: $20K first-time, $15K repeat.

  • 56% of 2024 grantees were also funded in 2023. Method
  • Giving grew 54% from 2021 to 2024. Method

Estimate from itemized grant lists in IRS Form 990 filings (2020–2024). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.

Next steps with Harborstone Credit Union

Financial Overview

From 2024 IRS Form 990 filing · View filing

Total Assets

$2.1B

+10.6% YoY

Annual Giving

$516K

+36.9% YoY

Grant Count

16

-5.9% YoY

Avg Grant Size

$32K

+45.4% YoY

About Harborstone Credit Union

Based on IRS filings

Harborstone Credit Union is a nonprofit organization, based in Tacoma, WA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1B in total assets. In 2024, it awarded 16 grants totaling $516K. Net investment income was $23.2M.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

2states

Share of all 16 itemized 2024 grant dollars.

Cities

SeattleTacomaLakewoodStaten IslandKirklandSpokaneGig HarborJoint Base LewismcchorKentMount VernonRentonTukwila

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$50M$100M$150M20202021202220232024
Metric202420232022
Total Assets$2,109,617,653$1,907,287,967$1,861,434,553
Revenue$122,675,100$93,110,698$76,742,957
Expenses$111,921,139$86,011,707$62,794,019
Qualifying Distributions———
Net Investment Income$23,182,311$11,614,888$7,591,430
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$200K$400K$600K18 grants202014 grants202116 grants202217 grants202316 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 10 recipients in 2024

Business Impact NW (Seattle Economic Development): $164KBusiness Impact NW (SeattleEconomic Development)$164KJunior Achievement of Washington: $57KJunior Achievement ofWashington$57KUw Foster School of Business: $53KUw Foster School of Business$53KCu Strategic Planning: $50KCu Strategic Planning$50KJBLM DFMWR (Directorate of Morale Welfare and Recreation): $42KJBLM DFMWR (Directorate ofMorale Welfare and Recreation)$42KSound Outreach: $30KSound Outreach$30KSkagit Valley Tulip Festival: $20KSkagit Valley Tulip Festival$20KPike Place Market Foundation: $20KPike Place Market Foundation$20KUnited Way of Pierce County: $15KUnited Way of Pierce County$15KLakewood Multicultural Coalition: $13KLakewood MulticulturalCoalition$13K

Grant Size Distribution

81 grants across all recorded years

67<$50K13$50–100K1$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
BUSINESS IMPACT NW (SEATTLE ECONOMIC DEVELOPMENT) Seattle, WASPONSORSHIP FOR SUPPORTING SMALL BUSINESS AND WA STATE GRADUATES STARTING THEIR OWN$163,500
JUNIOR ACHIEVEMENT OF WASHINGTON Seattle, WACREATING A STOREFRONT TO SUPPORT AND EDUCATE YOUTH ON FINANCIAL SERVICES$57,000
UW FOSTER SCHOOL OF BUSINESS Seattle, WASPONSORSHIP FOR BOARD FELLOW PROGRAM$52,500
CU STRATEGIC PLANNING Tacoma, WAGRANT TO SUPPORT EPA GREEN GAS REDUCTION$50,000
JBLM DFMWR (DIRECTORATE OF MORALE WELFARE AND RECREATION) Joint Base Lewismcchor, WASPONSORING JBLM 2024 AIRSHOW$42,015
SOUND OUTREACH Tacoma, WAHELP LOW INCOME COMMUNITIES THROUGH FINANCIAL COACHING, SERVICES AND JOB TRAINING$30,000
SKAGIT VALLEY TULIP FESTIVAL Mount Vernon, WASPONSORSHIP TO SUPPORT LOCAL FARMS IN COLLABORATION WITH SAVIBANK$20,000
PIKE PLACE MARKET FOUNDATION Seattle, WADONATION TO SUPPORT LOW INCOME NEIGHBORS BY FUNDRAISING AND COMMUNITY BUILDING$20,000
UNITED WAY OF PIERCE COUNTY Tacoma, WAPOVERTY TO POSIBILITIES GAME CHANGES SPONSORSHIP$15,260
LAKEWOOD MULTICULTURAL COALITION Lakewood, WAPLEDGE TO SUPPORT DIVERSITY IN OUT COMMUNITIES$13,000

Leadership & Key People

Officers and directors from IRS filings

Harborstone Credit Union is led by Geoff Bullock, President & CEO on every filing since 2022; all 22 officers listed in 2024 are compensated.

Officers on the 2024 filing

  • Geoff Bullock

    President & CEO

    On filings since 2022

    40 hrs/week

    $263K (2022) → $1.1M (2024)

  • Rick Stevens

    Chair

    Director → Vice Chair, 2023

    Vice Chair → Chair, 2024

    On filings since 2020

    2 hrs/week

    $17K (2020) → $32K (2024)

  • Bonnie Kern

    Director

    On filings since 2020

    2 hrs/week

    $15K (2020) → $16K (2024)

  • Ivan Barron

    Director

    On filings since 2020

    2 hrs/week

    $17K (2020) → $19K (2024)

  • Linda Crane Nelsen

    Director

    Secretary → Director, 2023

    On filings since 2020

    2 hrs/week

    $17K (2020) → $32K (2024)

  • Michael Gedeon

    Director

    On filings since 2020

    2 hrs/week

    $15K (2020) → $22K (2024)

  • Franklin Donahoe

    Director

    On filings since 2021

    2 hrs/week

    $19K (2021) → $38K (2024)

  • James Buck

    Director

    Vice Chair → Director, 2023

    On filings since 2021

    2 hrs/week

    $16K (2021) → $16K (2024)

  • Ann Anderson

    Vice Chair

    Chair → Vice Chair, 2024

    On filings since 2020

    2 hrs/week

    $21K (2020) → $40K (2024)

  • Scott Beckwith

    Vice President Business Banking

    Vice President Credit Collections → Vice President Business Sales & Service, 2023

    Vice President Business Sales & Service → Vice President Business Banking, 2024

    On filings since 2020

    40 hrs/week

    $151K (2020) → $203K (2024)

  • Shellie Willis

    Secretary

    Director → Secretary, 2023

    On filings since 2020

    2 hrs/week

    $15K (2020) → $36K (2024)

  • Steve Crosby

    Senior Vice President COO

    Senior Vice President COO → Senior Vice President Chief Operations Officer, 2022

    Senior Vice President Chief Operations Officer → Senior Vice President COO, 2023

    On filings since 2020

    40 hrs/week

    $239K (2020) → $1.1M (2024)

  • Connor Lewis

    Vice President Strategic Initiatives

    Vice President Training Development → Vice President Strategic Initiatives, 2024

    On filings since 2021

    40 hrs/week

    $154K (2021) → $198K (2024)

  • Robert Luettjohann

    Senior Vice President Clo

    Senior Vice President Clo → Senior Vice President Chief Lending Officer, 2022

    Senior Vice President Chief Lending Officer → Senior Vice President Clo, 2023

    On filings since 2021

    40 hrs/week

    $267K (2021) → $331K (2024)

  • Theresa Walyor

    Senior Vice President CIO

    Vice President It Systems → Senior Vice President CIO, 2023

    On filings since 2022

    40 hrs/week

    $160K (2022) → $306K (2024)

  • Mark Fairbanks

    Senior Vice President CFO

    On filings since 2023

    40 hrs/week

    $181K (2023) → $286K (2024)

  • Tim Hoefel

    Senior Vice President Cro

    On filings since 2023

    40 hrs/week

    $128K (2023) → $291K (2024)

  • Bonn Valera

    Vice President Retail

    New on the 2024 filing

    40 hrs/week

    $169K (2024)

  • Dolores Broeske

    Senior Vice President Cpo

    New on the 2024 filing

    40 hrs/week

    $72K (2024)

  • Heather Healea

    Vice President Consumer Lending

    New on the 2024 filing

    40 hrs/week

    $173K (2024)

  • Jimese Harkley

    Senior Vice President Cceo

    New on the 2024 filing

    40 hrs/week

    $137K (2024)

  • Scott Higgins

    Vice President Business Banking

    New on the 2024 filing

    40 hrs/week

    $183K (2024)

Former officers (16)
  • Former: Forest Hayes (2020–2023) — Senior Vice President CFO
  • Former: Lisa Stirgus (2020–2023) — Senior Vice President Cxo
  • Former: Michael Decius (2020–2023) — Senior Vice President CIO
  • Former: Phil Jones (2020–2023) — Former President & CEO
  • Former: James Greco (2021–2023) — Vice President Credit & Collections
  • Former: Jay Olson (2022–2023) — Vice President Risk Management
  • Former: Ramandeep Singh (2023) — Vice President Retail
  • Former: Syed Faraz Hussain (2023) — Vice President Business Sales & Service
  • Former: Eric Zittel (2021–2022) — Vice President Training Development
  • Former: Ralph Kowal (2020–2021) — Investment Representative
  • Former: Frank Donahoe (2020) — Director
  • Former: Frank Marzano (2020) — Vice President Business Banking
  • Former: Jim Buck (2020) — Vice Chair
  • Former: Mark Smith (2020) — Vice President Business Banking
  • Former: Michael Powell (2020) — Senior Vice President Clo
  • Former: Ramy Atwal (2020) — Vice President Branch Member Expereince

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2024 IRS filing

Steve Crosby — Sr VP COO (Left 07/2024): $1.1MSteve CrosbySr VP COO (Left 07/2024)$1.1MGeoff Bullock — President & CEO: $1.1MGeoff BullockPresident & CEO$1.1MRobert Luettjohann — Sr VP Clo: $331KRobert LuettjohannSr VP Clo$331KTheresa Walyor — Sr VP CIO: $306KTheresa WalyorSr VP CIO$306KTim Hoefel — Sr VP Cro: $291KTim HoefelSr VP Cro$291KMark Fairbanks — Sr VP CFO: $286KMark FairbanksSr VP CFO$286KScott Beckwith — VP Business Banking: $203KScott BeckwithVP Business Banking$203KConnor Lewis — VP Strategic Initiatives: $198KConnor LewisVP Strategic Initiatives$198KScott Higgins — VP Business Banking: $183KScott HigginsVP Business Banking$183KHeather Healea — VP Consumer Lending: $173KHeather HealeaVP Consumer Lending$173KBonn Valera — VP Retail: $169KBonn ValeraVP Retail$169KJimese Harkley — SVP Cceo: $137KJimese HarkleySVP Cceo$137KDolores Broeske — SVP Cpo: $72KDolores BroeskeSVP Cpo$72KAnn Anderson — Vice Chair: $40KAnn AndersonVice Chair$40KFranklin Donahoe — Director: $38KFranklin DonahoeDirector$38KShellie Willis — Secretary: $36KShellie WillisSecretary$36KLinda Crane Nelsen — Director: $32KLinda Crane NelsenDirector$32KRick Stevens — Chair: $32KRick StevensChair$32KMichael Gedeon — Director: $22KMichael GedeonDirector$22KIvan Barron — Director: $19KIvan BarronDirector$19KJames Buck — Director: $16KJames BuckDirector$16KBonnie Kern — Director: $16KBonnie KernDirector$16K

Frequently Asked Questions

How large is Harborstone Credit Union?

As of 2024, Harborstone Credit Union holds $2.1B in total assets with $122.7M in annual revenue. It awarded 16 grants totaling $516K in 2024.

What is Harborstone Credit Union's EIN?

Harborstone Credit Union's EIN (Employer Identification Number) is 91-0659059. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990 filings.

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