We believe that as a credit union, we can positively impact the communities in which we serve. As a not-for-profit cooperative, the money we earn is returned back to our members in the form of great rates and low fees, while a bank's profits are generated for the interests of its shareholders.
We offer the same access to smart technology, products, and services that other financial institutions do, with one major difference: We do so with our members' best interests in mind.
Anyone in Washington State can join!
Harborstone began in 1955 as McChord Federal Credit Union, serving airmen on McChord Air Force Base who each owned one $5 share of the credit union. From our modest beginnings, we have always existed for the betterment of our members and community. In 1996, the credit union opened its field of membership and changed its name to Harborstone Credit Union so that more people could benefit from membership. Changing our name helped clarify that anyone in Washington State can join, not only those who are associated with the Air Force.
In 2013, we combined forces with Prevail Credit Union (founded in 1940 as King County Employees Credit Union), which allowed us to provide more branch locations, access to the CO-OP ATM and Shared Branching networks, and a stronger credit union for our combined membership.
Most recently, in 2016, we brought TULIP Cooperative Credit Union (founded in 2002) under our wing. With a shared mission to strengthen our communities through financial counseling, it was an effort that has allowed us to serve our existing members better, with access to products and resources that were not available previously, and to improve our communities through empowering people by welcoming them back into the banking system.
Harborstone wants you to get the most out of your membership. That's why we offer tools that help you maximize your rewards and minimize your fees. Why bank with a financial institution that sounds good when you can bank with one that IS good?
Anyone in Washington State can join Harborstone Credit Union. Come visit us at one of our branch locations in King, Pierce, or Thurston County, or apply for membership online.
Harborstone Credit Union is a member-owned, not-for-profit financial organization governed by a Board of Directors. The Board is composed of active members of the credit union who are selected by the membership through a democratic election process. Each member of the credit union who meets eligibility requirements specified in our bylaws is permitted to vote in the annual election process. All members are given one vote in the election without preference to the amount of funds they have on deposit with the credit union.
The Supervisory Committee oversees the credit union governance, internal controls, and compliance with appropriate laws, rules, and regulations.
There are three Board of Director positions and one Supervisory Committee position for the 2020 ballot. Harborstone is seeking community-oriented candidates with an appreciation for and experience with credit unions/collective entities, and who have current or recent experience in Enterprise Risk Management and/or Information Technology. The Board wishes to broaden member representation on the Board of Directors and Supervisory Committee, and encourages members to consider becoming a candidate. Harborstone’s membership will elect candidates to fill the positions.
Each candidate must be able to make the required term-of-office commitment, attend all regularly scheduled meetings, and participate in two strategic planning sessions per year. Each elected candidate shall contribute to Harborstone's safety, soundness, and mission to serve the membership and local communities.
Terms of office are as follows:
The three Director positions have three-year terms of office
The one Supervisory Committee position has a three-year term of office
Qualification Requirements for Board of Director Positions:
Be a member of the credit union for 12 continuous months
Satisfy any bonding requirements of the credit union
Agree to and comply with the terms of the credit union’s Code of Ethics Policy
Have a favorable credit rating and pass a criminal background screening
Not an immediate family member of an employee of the credit union—for the purposes of this requirement, an immediate family member shall be limited to spouse, parent, sibling, or child
Be eligible to vote on credit union elections and at membership meetings
Not be employed by the credit union or any subsidiary during the past three years
Conduct business affairs in such a manner as to avoid a conflict of interest, either real or implied
Qualification Requirements for Supervisory Committee Positions:
All of the above (Qualification Requirements for Board of Director Positions)
Not be an employee or officer of the credit union, or a member of the Credit or Investment Committee
Interested candidates must submit the following documents by October 31, 2019:
A copy of your resume
A letter that authenticates your membership in the credit union
A statement of your willingness to serve
Mail the required documents to the following address:
Harborstone Credit Union
P.O. Box 4207
Tacoma, WA 98438-0207
Nomination by Petition:
Any qualified member who wishes to be a candidate for a Board or Supervisory Committee position, and who meets the qualification requirements, may collect the signatures of 500 eligible members and submit a petition to the credit union’s Nominating Committee by November 22, 2019. A statement of willingness to serve must accompany the petition. Please mail the documents to the above address.
Harborstone Credit Union has an Officials’ Compensation Policy. To view the policy, please click here.
As a member, you are a part owner of Harborstone. Our annual reports include an overview of the highlights of the past year as well as a comparison with the year before. See how we've been doing.
Copyright © 2019 Harborstone Credit Union
All rights reserved.
P.O. Box 4207, Tacoma, WA 98438-0207
Transit/ABA Routing Number: 325180870