Credit union
Harborstone Credit Union
Tacoma, Washington, Pierce County, WA
$3.1B in total assets and 121,878 members, the 162nd largest of 4,298 US credit unions and 9th of 73 headquartered in Washington.
- NCUA charter
- 66399
- Charter
- State chartered (WA)
- Chartered
- 1955
- NCUA insured since
- 1985
- Low-income designation
- Yes
- Website
- http://www.Harborstone.com
At a glance
Compared with 16 federally insured credit unions in Washington with $1 billion to $10 billion in assets, as of June 30, 2026.
| Measure | This credit union | Percentile | Peer range, middle 90% | Peer median |
|---|---|---|---|---|
| Total assets | $3.1B | 56% | $2.8B | |
| Loans | $2.4B | 56% | $2.1B | |
| Deposits (shares) | $2.6B | 56% | $2.4B | |
| Members | 121,878 | 38% | 168,294 | |
| Return on assets | 0.05% | 6% | 0.70% | |
| Net interest income to assets | 3.63% | 44% | 3.79% | |
| Efficiency ratio | 82.4% | 98% | 71.7% | |
| Net worth ratio | 9.34% | 19% | 11.26% | |
| Loans to shares | 94% | 50% | 93% | |
| Cost of deposits | 1.78% | 75% | 1.65% |
Ratios are annualized from year-to-date figures. Return on assets uses average assets, as NCUA does. Cost of deposits includes dividends on shares.
Growth
Total assets grew 10.4% a year over 10 years and 11.9% a year over the last 5, including 4 mergers in the last 10 years. Membership grew 7.6% a year over 5 years, to 121,878.
Dashed lines mark larger mergers, listed below.
Mergers and acquisitions
| Closed | Absorbed | Assets at last filing |
|---|---|---|
| Oct 2025 | Community 1st Credit Union Credit union, Dupont, WA | $191M |
| Sep 2025 | SAVIBANK Bank, Burlington, WA | $639M |
| May 2024 | First Sound Bank Bank, Seattle, WA | $155M |
| Nov 2016 | Tulip Cooperative Credit Union Credit union, Olympia, WA | $2M |
| Jan 2013 | Prevail Credit Union Credit union, Seattle, WA | $245M |
Where they operate
31 branches in 8 counties.
1 of 31 branch locations are approximate (ZIP code centers).
Largest counties by branches
| County | Branches | Share of all branches | Rank |
|---|---|---|---|
| Pierce County, WA | 11 | 5.7% | 6 of 42 |
| King County, WA | 6 | 1.1% | 14 of 69 |
| Skagit County, WA | 6 | 13.3% | 2 of 18 |
| Island County, WA | 2 | 10.5% | 2 of 10 |
| Thurston County, WA | 2 | 2.3% | 13 of 29 |
| Whatcom County, WA | 2 | 2.8% | 11 of 19 |
| San Juan County, WA | 1 | 10.0% | 3 of 7 |
| Snohomish County, WA | 1 | 0.5% | 23 of 39 |
Credit unions do not report deposits by branch, so these are branch counts: this credit union's branches against every bank and credit union branch in the county. Rank is among all banks and credit unions with a branch there.
Branches by year
| Year end | Branches | Change |
|---|---|---|
| 2016 | 17 | |
| 2017 | 17 | 0 |
| 2018 | 17 | 0 |
| 2019 | 16 | −1 |
| 2020 | 15 | −1 |
| 2021 | 14 | −1 |
| 2022 | 16 | +2 |
| 2023 | 16 | 0 |
| 2024 | 17 | +1 |
| 2025 | 32 | +15 |
| Jun 2026 | 31 | −1 |
Member-serving offices as listed in NCUA call reports. Changes include branches gained in mergers.
Earnings and credit
Return on assets
Year to date, annualized, with the peer median.
Credit and capital
| This credit union | Peer median | |
|---|---|---|
| Delinquent loans, 60+ days | 1.08% | 0.79% |
| Net worth ratio | 9.34% | 11.26% |
| Loans to shares | 94% | 93% |
Delinquent loans are two or more months past due. Net worth is NCUA's capital measure for credit unions.
Related
Credit unions of similar size in Washington
Most branches in Pierce County, WA
Figures as of June 30, 2026 from the credit union's NCUA call report (Form 5300), NCUA's credit union locator and FFIEC merger records.