Harborstone Credit Union
Tacoma, WA·Charter 66399·cu:66399·Credit union RBC / net worth
- #9 of 73Total assets in Washington
- Top 4%Total assets in the U.S.
- 121.9Kmembers
- Top 1%Loan growth in the U.S.
- Top 1%Share growth in the U.S.
- Top 1%Member growth in the U.S.
Performance over time
7 available quarters · Gaps indicate missing data · Reported period-end total assets; consolidated for FFIEC 031.
Inside the balance sheet
Credit union · Shares of reported gross loans. Missing components are not treated as zero.
What stands out at Harborstone Credit Union
11 of 24 FORFI signals stand out against 143 similar credit unions, based on NCUA data for the quarter.
Commercial lending growing with steady creditStrength: Lending FORFI signal 2nd quarter+108.7%peers +7.1%+101.6 pp
Harborstone Credit Union's member business loans grew faster than at similar credit unions, without a material rise in problem loans or net charge-offs.
| This institution | Peer median | Difference |
|---|---|---|
| Member business loans, 12-month growth | ||
| +108.7% | +7.1% | +101.6 pp |
With internal data, FORFI would look at: Which new commercial borrowers do not yet hold operating deposits or treasury services with the institution.
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 143 credit unions with $3 billion to $10 billion in assets that filed NCUA data for the same quarter. Harborstone Credit Union itself is left out of every peer median and percentile. How signals work
Net worth ratio falling while the peer median risesWorth a look: Capital 2nd quarter9.34%peers 10.83%-1.5 pp
Harborstone Credit Union's net worth ratio fell 2.2 percentage points over the past year to 9.34%. Among 139 similar credit unions, the median rose 0.2 percentage points.
| This institution | Peer median | Difference |
|---|---|---|
| Net worth ratio | ||
| 9.34% | 10.83% | -1.5 pp |
| 12-month change | ||
| -2.2 pp | +0.2 pp | -2.4 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 143 credit unions with $3 billion to $10 billion in assets that filed NCUA data for the same quarter. Harborstone Credit Union itself is left out of every peer median and percentile. How signals work
Borrowed funding rising while the peer median holds steadyWorth a look: Funding 2nd quarter7.8%peers 2.8%+5.1 pp
Harborstone Credit Union's borrowings as a share of assets rose 5.1 percentage points over the past year to 7.8%. Among 139 similar credit unions, the median was essentially unchanged.
| This institution | Peer median | Difference |
|---|---|---|
| Borrowings as a share of assets | ||
| 7.8% | 2.8% | +5.1 pp |
| 12-month change | ||
| +5.1 pp | 0.0 pp | +5.1 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 143 credit unions with $3 billion to $10 billion in assets that filed NCUA data for the same quarter. Harborstone Credit Union itself is left out of every peer median and percentile. How signals work
Total assets growing faster than peersStrength: Growth 2nd quarter+42.1%peers +5.7%+36.4 pp
Harborstone Credit Union's total assets grew 42.1% over the past year to $3.1 billion. The median among 139 similar credit unions was +5.7%.
| This institution | Peer median | Difference |
|---|---|---|
| Total assets, 12-month growth | ||
| +42.1% | +5.7% | +36.4 pp |
| Total assets | ||
| $3.1 billion | ||
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 143 credit unions with $3 billion to $10 billion in assets that filed NCUA data for the same quarter. Harborstone Credit Union itself is left out of every peer median and percentile. How signals work
Membership growing faster than peersStrength: Membership 2nd quarter+28.6%peers +2.8%+25.8 pp
Harborstone Credit Union's membership grew 28.6% over the past year. The median among 139 similar credit unions was +2.8%.
| This institution | Peer median | Difference |
|---|---|---|
| Membership, 12-month growth | ||
| +28.6% | +2.8% | +25.8 pp |
FORFI flags a change when an institution sits in the outer tail of similar institutions and the gap is large enough to matter. Peers: 143 credit unions with $3 billion to $10 billion in assets that filed NCUA data for the same quarter. Harborstone Credit Union itself is left out of every peer median and percentile. How signals work
6 more observations
- Shares and deposits growing faster than peersFunding
- Loans growing faster than peersLending
- Member business lending growing faster than peersLending
- Efficiency ratio rising while the peer median fallsEfficiency
- Net interest margin widening faster than peersEarnings
- Return on assets falling while the peer median risesEarnings
Key facts
- Harborstone Credit Union is a state-chartered credit union headquartered in Tacoma, Washington. It reported $3.1 billion in total assets for the quarter ended June 30, 2026.
- Shares and deposits totaled $2.6 billion, up 38.2% from a year earlier, and loans totaled $2.4 billion, up 48.4%.
- Its net interest margin on average assets was 3.68% and its annualized return on assets was 0.04% for the quarter.
- Its cost of all shares and deposits was 1.78%, compared with a median of 1.95% among 143 similar credit unions with $3 billion to $10 billion in assets.
- It served 121,878 members, up 28.6% from a year earlier.
Scorecard against peers
Capitalization
Liquidity & funding
Margin & yield
Income & expense
Asset quality
Charge-offs & allowance
Arrows show whether the value sits above or below the peer median. Colour shows whether that side is favourable for the measure: green favourable, red unfavourable, grey where neither side is (for example, a lower loan-to-core-deposit ratio is favourable, so a negative gap is green). Peer medians cover the same source, form, period, institution type and asset band, and count this institution in its own cohort. The peer line on every chart reads the same cohort. Regulatory definitions differ from FORFI quarterly estimates.
Watch items
Screening prompts computed from this filing only. Thresholds follow common review conventions and interagency concentration references; they are not supervisory ratings or predictions.
Public filings show what changed. Internal data shows why.
With Harborstone Credit Union's own data, FORFI would look at: Which new commercial borrowers do not yet hold operating deposits or treasury services with the institution.
Analysis workspaces
Sources and identifiers
- Institution
- Harborstone Credit Union · Credit union
- NCUA charter
- 66399
- Reporting period
- Peer group
- 143 credit unions with $3 billion to $10 billion in assets that filed NCUA data for the same quarter. Harborstone Credit Union itself is left out of every peer median and percentile.
Figures are FORFI calculations from public regulatory filings, shown as reported. Signals are descriptive screening rules, not supervisory ratings, credit opinions or forecasts. Methodology
Income & calculation basis
NCUA · 2026-04-01 through 2026-06-30 · Annualization factor 4.010989 applies to ROA and margin only.
| Measure | FORFI calculation |
|---|---|
| $342.91K | |
| $41.96M | |
| $13.6M | |
| $28.36M | |
| $4.37M | |
| $27.02M | |
| $5.4M | |
| $5.37M | |
| 0.04% | |
| 3.68% | |
| 82.54% |
How to interpret differences
Flows cover the selected income window. Balance-sheet amounts, members and staffing are as of the filing date.
Published FDIC references use the regulator's own averaging, annualization and adjustments; the convention selector changes FORFI calculations only. Source-provided averages are used when available; endpoint fallbacks are labeled estimates.
Missing inputs remain unavailable. Credit-union margins use average assets and are not comparable with bank margins over earning assets.
AFS + HTM securities exclude deposits at other institutions. Broader investment totals may overlap cash; do not add them to cash without reconciling components.
Regulatory source definitionsFiling imported 2026-09-16T13:43:41.229347+00:00. Separate reference provenance is included in the export.