# HARBORSTONE
TACOMA, WA · NCUA charter 66399 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/harborstone-66399

Who the members are: state charter, organized 1955, low-income designated. 120,361 members of 1,574,402 potential (7.6% of the field); checking penetration 54% (share draft accounts per 100 members); loans per 100 members 47.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $3.05B |
| Members | 120,361 (28.5% YoY) |
| Full-time staff | 456 |
| Net worth | $292.4M |
| Net worth ratio | 9.6% (p24 of band) |
| ROA (annualized) | 0.06% (p5 of band) |
| Total delinquency | 0.80% (p68 of band) |
| Net charge-offs (annualized) | 0.73% (p71 of band) |
| Loans / shares | 89% (p58 of band) |
| Cash / assets | 5.8% |
| Borrowings / assets | 4.60% |
| Net interest margin | 3.66% (p73 of band) |
| Operating expense / assets | 3.48% (p65 of band) |
| Vehicles % of loans | 31% (p61 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 91% |
| Third-party paper % of net worth | 252% (p76 of band) |
| Vehicle delinquency | 1.14% (p84 of band) |
| Vehicle NCO | 2.51% (p92 of band) |
| Repossessed % of vehicle book | 0.13% (p67 of band) |
| Real estate % of loans | 29% |
| Credit cards % of loans | 0% |
| Unsecured % of loans | 3% |
| Commercial % of net worth | 227% |
| Core shares % of member funds | 47% |
| Certificates % of member funds | 29% |
| Average share balance | $12,514 |
| Participations bought / yr | $0 |
| Participations sold / yr | $14.7M |
| Participations outstanding | $131.1M |
| Loans outstanding per 100 members | 47% |
| Loans granted per 100 members, annualized | 11% |
| Average loan balance | $41,213 |
| Loans granted, annualized | $548.9M |

## Participation posture (from the same filings)

Bought $0 and sold $14.7M in the latest annualized quarter; $131.1M outstanding purchased (44.8% of net worth), $77.2M sold and retained. Sold in 3 and bought in 6 of the last 8 quarters. Shares 39.2% year over year.

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 1 | 3rd-party paper>100% NW |  |
| 2016-06 | 2 | charge-offs p90 |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 1 |  | charge-offs p90 |
| 2017-06 | 1 |  |  |
| 2017-09 | 1 |  |  |
| 2017-12 | 1 |  |  |
| 2018-03 | 1 |  |  |
| 2018-06 | 2 | leaning on borrowings |  |
| 2018-09 | 3 | loans>95% of shares |  |
| 2018-12 | 3 |  |  |
| 2019-03 | 2 |  | loans>95% of shares |
| 2019-06 | 1 |  | leaning on borrowings |
| 2019-09 | 1 |  |  |
| 2019-12 | 2 | net worth falling |  |
| 2020-03 | 2 |  |  |
| 2020-06 | 2 |  |  |
| 2020-09 | 1 |  | net worth falling |
| 2020-12 | 1 |  |  |
| 2021-03 | 1 |  |  |
| 2021-06 | 1 |  |  |
| 2021-09 | 1 |  |  |
| 2021-12 | 1 |  |  |
| 2022-03 | 2 | delinquency rising |  |
| 2022-06 | 2 |  |  |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 2 |  |  |
| 2023-06 | 4 | net worth falling, leaning on borrowings |  |
| 2023-09 | 3 |  | net worth falling |
| 2023-12 | 2 |  | leaning on borrowings |
| 2024-03 | 3 | net worth falling |  |
| 2024-06 | 2 |  | delinquency rising |
| 2024-09 | 2 |  |  |
| 2024-12 | 1 |  | net worth falling |
| 2025-03 | 1 |  |  |
| 2025-06 | 2 | delinquency rising |  |
| 2025-09 | 4 | net worth falling, leaning on borrowings |  |
| 2025-12 | 3 |  | net worth falling |
| 2026-03 | 1 |  | delinquency rising, leaning on borrowings |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-10-01 [Harborstone Credit Union completes merger of Community 1st Credit Union - CUInsight](https://news.google.com/rss/articles/CBMisgFBVV95cUxNXzVlWlFOMVZlbXlEdjdSUllzVnZIQUJVSHVFY0IzblpFNER2MzlLTVlkeDN4M0ZEbWtPUkJCcmlYczE5am5tc3lGQm0zOGxUbkx5cWhBcGt6bEpLc3RidTJrYjZPMmMxRFd5ZWRUVFJCdUcyNDlOWUtFWURaY2JLTUZ3SFpmaU5Jdzd0aVo1dEJEckFnc0xwTkJrX29lWDg0c3hVdjNBTTJrZms4WldNc3Rn?oc=5) · CUInsight
- 2026-06-22 [Former First Sound Bank CEO to launch community bank in Bellevue - The Business Journals](https://news.google.com/rss/articles/CBMiqAFBVV95cUxNeUx6cEVWUWU2d0lrOGhlMWFCMXlZVk1JMklFVUdxc01IWllUeDBPODE1TlVjOFRSUkVMUG51WlhXNGVQWXdYYXZ0Y1RhbXBheVhickpQUXIxMWFFcTRIaXBkejBxWFNHTk1NUmkxa1RVOE9IWTBGcmFqUzEwRzZobnp2TU9ydmRGVU5tcktnZ1B4WENsMU15dWNfSVRSZVdlZVVjcE9TNi0?oc=5) · The Business Journals
- 2026-02-25 [Police hunt for armed robbery suspect after Harborstone Credit Union holdup in Puyallup - KOMO](https://news.google.com/rss/articles/CBMinwJBVV95cUxPYnBmUFlocWVoUWFxMWpnLUZBZVpoZW5vaXZpYm50R3R0WFMxN0QtOVA3dnRyVUdJbk1mQmF1dFFxNWw0R3lwNTItVUZFNmZDemNzOTVQWTNQUnFDMUg4WDlQdnJxZHhvalNUaHJWeWZWN2V6OUJHTGtjNVlNUi1leThwX2d2MXZtdVlsSHJyamZYRktaY2NDcFdycUlMck95c2F2U3prS3dyMDFHU3VkV1FETzZIeVZCY25JN21DTm9lLTROZzZGNDc2eUstcVVlNWttcGdxSHByVFczS0NZZDlXUXBFcjZ0TTNqZUFydEFWU2RQa2w3c2JNNkFnZWN2czZfS0tRZnNHTWJhY3pRNEpYTm5XcW5sck9GN2Frdw?oc=5) · KOMO
- 2026-03-10 [Police share new photo of at-large suspect in Puyallup robbery - thenewstribune.com](https://news.google.com/rss/articles/CBMicEFVX3lxTFBab29oSGFYdFdxUVBMOWJTSmdBQ2tZeFdhOUhqXzBGVzFFczROUXh1c2xUeEpYVERzLXRvVEsxYnpkVVBsNXB1akE5Yjh2Y3RXUFdTVm94MGF3WWVUZy1ZcV9rZ0M4Y3d1VF9CYWdfYUrSAXBBVV95cUxQOThTVWVCb184aGhVQ3NzbXItb2k0NnJPdDhmM2hfcjFxZkhoLWtESEdmaFFuZUQxdUFMeW45b0ZNVVliQ2E2ZW80YzdNYXAwVWpoQTdDYW9mM3VMQ2NidWI1a3h2QnB3YWRlVkRDeVNN?oc=5) · thenewstribune.com
- 2023-08-03 [Credit union to buy Seattle’s First Sound Bank - Banking Dive](https://news.google.com/rss/articles/CBMirwFBVV95cUxOc3hTZHpPU3ExNnVCZnEwc1B6YXpVSG5ienpfZEhhZW4xZF9VRllQN0VkX2lCNW5xSnU0cUpJWE9sQ2pMZDhVU2FHZ1drLUd3ZWNjbzZLM0FDZGxON3FRcTlxYzZfYkpRU05WTUhmTDNOcmJPLXM5bFJhMXA2REJXeENMSnRTckdHeVRzTUNNWXBDWGVsRDZ0X0dQa0RtTEdoNnBUcExXQk1tOHFXckIw?oc=5) · Banking Dive
- 2022-09-22 [Harborstone Credit Union in Washington state names new CEO - American Banker](https://news.google.com/rss/articles/CBMiqwFBVV95cUxObXJYOHl1Wk90Q2YwSExtWXVTclJYN3BlSlR1bnhwemhTVHp1bWtnTlBsQzUteWpDb0pScUMtVndQejI0cy1YR0dqakFobkdDVG1kY2Z1a3ZLRGFEQ1IxM0piM1FyYnh6YjdmRDVjTmxSZ1RqZWM4OFVZd1Fmd2R1S29aQW1XbFlaY0h6SWZJdVlaTWZoWGpoelUzS1A5UTRWOTB1dW81aXpsTW8?oc=5) · American Banker
- 2025-09-03 [Harborstone Credit Union completes acquisition of SaviBank - CUInsight](https://news.google.com/rss/articles/CBMioAFBVV95cUxOVVpQRWdLbkkxeXJiREl4X3NQemdRUExPZU1EN0F5Z2FjNXR2dV9CZW8wRGZRUkhoSTd4bnp1c2MtZnlIYXczc3lpYlMtWTN2TGQ0VUMzS2VCdURaSVplVTg4S0NCTEZCOEI5YVZVR0lOODhGb0xLdGZnUVJfeXBRRE5zamVXeDNxaVMtUjA4OWg5bklxclViRG5BNjNBenll?oc=5) · CUInsight
- 2024-03-12 [Downtown Olympia bank to be acquired by Tacoma-based credit union - The Olympian](https://news.google.com/rss/articles/CBMibEFVX3lxTE1YOTFWdjB1ZnlKU05FbEdic25DVnNmamFYUzE5TDJRSzAzQjdoeGVZWUl0ZVZQcGxucUI2VXZGalBDZWdORTRMdEMxZjVZbGY2ZnFtVnRhV1hPWmJtUHdWWWtXY0FHTHg3MFJ6UNIBbEFVX3lxTFBTQ2h6QXBGWlRGN0V4VVYyLUQ0NXY3UENTaTV0bHFOdEU0RUg2eExCVmVwM2RlejlvODV4ejhtUThrV3hsUTd6N204cG1rZ3JuU09fejJOTjFoTGdpWWo0OE1vWk8zczljZVpsVQ?oc=5) · The Olympian

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=66399 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/31.json (key "66399", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=66399
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide