Applications / Mortgage Analytics / Lenders / Washington / Harborstone Credit Union
Lakewood, WA · Credit union · NCUA · $3.1 billion assets · 345 loans in 2025
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345
loans originated, 2025
701
applications, 2025
3
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Harborstone Credit Union, a Washington credit union, lends mainly for home improvement and other purposes: fewer than one in ten of its loans in 2025 bought a home.
Home improvement accounted for 51.6% of its loans and other purposes for 34.2%; purchases took 9.6% and refinancing 4.6%. Every loan was conventional. Its typical loan, $105,000, matched that of similar lenders (credit unions making between half and twice as many loans).
Some 21.2% of its loans were in low- and moderate-income neighborhoods, against 15.6% at similar lenders, more than about four in five of them. Its share of lower-income borrowers, 26.7%, was close to their 27.5%.
Its typical rate was 7.75%, against 6.99% at similar lenders, higher than nearly nine in ten of them. One possible reason is its purpose mix: mostly home-improvement and other-purpose loans rather than first mortgages to buy a home.
It reported between 9 and 22 loans a year from 2018 to 2021, then 560 in 2022. A jump of that size could reflect a change in how its lending is reported rather than in the lending itself. Since then its loans have fallen each year, by 20% in 2025 to 345, while similar lenders grew 7%; home-improvement and other-purpose borrowing may simply rise and fall with members' needs. It merged with First Sound Bank in 2024 and Community 1st Credit Union in 2025.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Harborstone Credit Union took 701 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 51.6% · Other 34.2% · Purchase 9.6% · Refinance 4.6%
Conventional 100.0% · of 345 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Washington | 342 | 99.1% |
| Texas | 2 | 0.6% |
| Arizona | 1 | 0.3% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Tacoma-Lakewood | 210 |
| Seattle-Bellevue-Kent | 46 |
| Olympia-Lacey-Tumwater | 28 |
| Everett | 14 |
| Bremerton-Silverdale-Port Orchard | 10 |
| Mount Vernon-Anacortes | 6 |
| Bellingham | 5 |
| Yakima | 3 |
| Houston-Pasadena-The Woodlands | 1 |
| Killeen-Temple | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 54930028J11BWKUVGX50 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 8695 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 566399 | 1991–2017 |
Established 1 January 1955. Reported under HMDA 1991-2025.
Mergers, name changes, data editions and corrections: Harborstone Credit Union's data.
Harborstone Credit Union's data
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Harborstone Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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