Harborstone Credit Union
Harborstone Credit Union is a Form 990 public charity based in Tacoma, Washington. Founded in 1955, it is a member-owned financial cooperative that provides financial services and makes grants to support community organizations.
Harborstone Credit Union at a glance
In short: Harborstone Credit Union gave $516K across 16 grants in 2024 (avg $32K), mostly in Washington. 25% of 2024 grantees were new. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $515,725
- +36.9% vs 2023
- Grants made (2024)
- 16
- -5.9% vs 2023
- Average grant
- $32,233
- +45.4% vs 2023
- Median grant
- $17,630
- Total assets
- $2,109,617,653
- +10.6% vs 2023
- New grantees (estimate)
- 25% first-time grantees (4 of 16, 2024; small sample)
- Primary geography
- Washington (98% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated September 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to Harborstone Credit Union
- How to Apply
-
Harborstone’s website states that its Corporate Giving application window is not accepting new submissions at this time. Its 2024 filing says grant requests are evaluated quarterly. Organizations requesting or receiving grants under $2,500 must provide an IRS exemption letter showing 501(c)(3) status, a Harborstone corporate giving application, a completed event or project budget, an explanation of revenue sources, and supporting documentation for use of funds. The application asks about the grant’s purpose, how funds will be used, and their expected impact on the local community.
- Contact
Mailing address: PO Box 4207, Tacoma, WA 98438
Phone: (253) 589-8009
Website: https://harborstone.com
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Harborstone Credit Union funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
The largest 2024 recipient was Business Impact NW (Seattle Economic Development) ($164K). Together the top 10 received $463K.
Grant Size Distribution
81 grants across all recorded years
The most common grant size was under $50K: 67 grants of 81 (83%).
Geographic Focus
Where this funder awards grants
Harborstone’s website describes its community partnerships as serving western Washington and notes 15 locations throughout the Puget Sound. In 2024, 98% of its grant dollars went to recipients in Washington and 2% to recipients in New York.
Grant Distribution by State
Share of 2024 grant dollars across all 16 itemized grants.
States
Cities
Is Harborstone Credit Union open to new grantees?
25%
first-time grantees, 2024
In 2024, 4 of 16 grantees (25%) were first-time recipients. With only 16 grantees, that is a small sample: one grantee more or less moves the share by about 6 points. First grants averaged $29K; repeat grants $33K. How we count
Medians: $31K first-time, $14K repeat.
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.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $286K (2022) to $516K (2024). In 2024 it made 16 grants totaling $516K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Business Impact NW (Seattle Economic Development) Seattle, WA | Sponsorship for supporting small business and wa state graduates starting their own | $163,500 |
| Junior Achievement of Washington Seattle, WA | Creating a storefront to support and educate youth on financial services | $57,000 |
| Uw Foster School of Business Seattle, WA | Sponsorship for Board Fellow Program | $52,500 |
| Cu Strategic Planning Tacoma, WA | Grant to Support EPA Green Gas Reduction | $50,000 |
| JBLM DFMWR (Directorate of Morale Welfare and Recreation) Joint Base Lewismcchor, WA | Sponsoring JBLM 2024 Airshow | $42,015 |
| Sound Outreach Tacoma, WA | Help low income communities through financial coaching, services and job training | $30,000 |
| Skagit Valley Tulip Festival Mount Vernon, WA | Sponsorship to support local farms in collaboration with savibank | $20,000 |
| Pike Place Market Foundation Seattle, WA | Donation to support low income neighbors by fundraising and community building | $20,000 |
| United Way of Pierce County Tacoma, WA | Poverty to Posibilities Game Changes Sponsorship | $15,260 |
| Lakewood Multicultural Coalition Lakewood, WA | Pledge to Support Diversity in Out Communities | $13,000 |
Ready to take the next step with Harborstone Credit Union?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $2,109,617,653 | $122,675,100 | $111,921,139 | $515,725 | 16 | $23,182,311 |
| 2023 | $1,907,287,967 | $93,110,698 | $86,011,707 | $376,775 | 17 | $11,614,888 |
| 2022 | $1,861,434,553 | $76,742,957 | $62,794,019 | $285,910 | 16 | $7,591,430 |
| 2021 | $1,876,992,646 | $74,633,531 | $54,482,813 | $334,367 | 14 | $6,562,899 |
| 2020 | $1,695,810,664 | $72,780,234 | $60,405,530 | $412,803 | 18 | $7,505,996 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
In its 2024 filing, Harborstone stated its mission is to build trust while helping members achieve financial well-being through innovative solutions that foster thriving communities and economic vitality.
Harborstone’s giving and partnerships support financial education, youth financial literacy, small businesses and entrepreneurs, and local community efforts. Among its 2024 grantees, Junior Achievement of Washington describes its mission as preparing young people to succeed through financial literacy, work readiness, and entrepreneurship. The Skagit Valley Tulip Festival says it promotes the region’s spring celebration and advocates for Skagit Valley agriculture. Pike Place Market Foundation says it raises funds for programs serving low-income people, heritage programs, and public improvements at Seattle’s Pike Place Market. United Way of Pierce County says it mobilizes the community to address local challenges and aims to lift 15,000 households out of poverty by 2028.
Grantmaking
In 2024, Harborstone reported 16 grants totaling $515,725. Grant amounts ranged from $5,200 to $163,500, with a median grant of $17,630.
The largest reported grants included $163,500 to Business Impact NW for support of small businesses and Washington State graduates starting businesses; $57,000 to Junior Achievement of Washington for a storefront to educate youth on financial services; $52,500 to the UW Foster School of Business for its Board Fellow Program; and $50,000 to CU Strategic Planning for EPA green gas reduction. Other notable grants were $30,000 to Sound Outreach for financial coaching, services, and job training in low-income communities; $20,000 each to the Skagit Valley Tulip Festival and Pike Place Market Foundation; and $15,260 to United Way of Pierce County.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists Geoff Bullock as President and CEO. Other listed officers and directors are Steve Crosby, Senior Vice President and COO (left in July 2024); Robert Luettjohann, Senior Vice President and CLO; Theresa Walyor, Senior Vice President and CIO; Mark Fairbanks, Senior Vice President and CFO; Tim Hoefel, Senior Vice President and CRO; Scott Beckwith, Vice President of Business Banking; Connor Lewis, Vice President of Strategic Initiatives; Bonn Valera, Vice President of Retail; and Heather Healea, Vice President of Consumer Lending.
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
The highest reported compensation on the 2024 filing was $1.1M, to Steve Crosby (Sr VP COO (Left 07/2024)). 22 officers or directors reported compensation on that filing.
Frequently asked questions 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. 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. Organizations receiving their first grant from Harborstone Credit Union that year got $29K 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 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 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. Together they received 53% of its itemized 2024 grant dollars.
How large is Harborstone Credit Union?
Harborstone Credit Union reported $2.1B in total assets on its 2024 IRS Form 990. Its revenue that year was $122.7M.
What does Harborstone Credit Union fund?
In its 2024 filing, Harborstone stated its mission is to build trust while helping members achieve financial well-being through innovative solutions that foster thriving communities and economic vitality. See mission & focus areas ↑
How do I apply for a grant from Harborstone Credit Union?
Harborstone’s website states that its Corporate Giving application window is not accepting new submissions at this time. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
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.
Data last updated September 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 8, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS October 27, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS November 10, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS November 14, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS September 16, 2025)
- IRS filings on file for fiscal years 2020–2024
Other open foundation grants in Washington
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Cite this profile
Grantable. (2026). Harborstone Credit Union funder profile. GrantGraph. Retrieved October 19, 2026, from https://grantable.co/funders/harborstone-credit-union-morg_b4e146de9174439b8e62121f192ef541
BibTeX
@misc{grantable_910659059_2026,
author = {{Grantable}},
title = {{Harborstone Credit Union funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/harborstone-credit-union-morg_b4e146de9174439b8e62121f192ef541},
note = {Accessed 2026-10-19. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from Harborstone Credit Union's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Harborstone Credit Union down — hundreds of funders to go?