LAKEWOOD, Wash.–Two Washington state credit unions say they have completed their merger.
The $2.2-billion Harborstone Credit Union reported it has merged in the $192.4-million Community 1st Credit Union in DuPont, Wash.
The two credit unions are about 10 miles apart.
Community 1st branches will continue to operate under their existing brand until further notice, the CUs said.
“Harborstone will come together to expand their talent and expertise, offer additional products and services, and add five additional branch locations serving the DuPont, Lynnwood, Olympia, Tacoma and Tukwila communities,” Harborstone CU said in a statement.
The combined CU will serve more than 118,000 members across 30 branches.
Merger Follows Bank Purchases
Harborstone noted the merger follows two bank purchases, including the acquisition of Seattle-based First Sound Bank, which closed May 16, 2024, and the acquisition of SaviBank (now Savi, Powered by Harborstone Credit Union) in Mount Vernon, Wash., which closed Sept. 1.
“As Washington’s longest-standing credit union, we’re thrilled to celebrate the incredible legacy of Community 1st and unite our strengths for the future,” HCU President/CEO Geoff Bullock said in a statement. “Together, we’re not just preserving history—we’re creating new opportunities to build dreams and change lives for generations to come. By joining forces, we’re stronger than ever and ready to empower even more individuals and families across Washington to reach their unique financial goals.”
‘Bold New Chapter’
Dan LeFree, president/CEO of Community 1st Credit Union, added in a statement, “For 100 years, Community 1st has been proud to serve Washington with deep roots and a tradition of exceptional service. As we celebrate this milestone, we couldn’t be more excited about what’s ahead. Partnering with Harborstone marks the start of a bold new chapter—uniting our dedicated employees, expanding access through more convenient locations, and offering even greater financial tools to empower our members. We’re building something stronger for the future, and we can’t wait to see the impact this will have on our communities.”
