Lakewood-based Harborstone Credit Union, which has a branch at Kent Station shopping center, and Community 1st Credit Union have merged.
Harborstone has assumed nearly all of Community 1st’s assets and liabilities, including member deposits, according to a Oct. 1 Harborstone press release. Community 1st, previously based in DuPont, is now part of Harborstone. Community 1st branches will continue to operate under their existing brand until further notice.
The partnership was unanimously approved by the board of directors of both institutions, received approval by state and federal regulators, and received a majority vote by the membership of Community 1st Credit Union, according to Harborstone. The combined credit union will continue to operate as Harborstone Credit Union under the leadership of Geoff Bullock, president and CEO.
With a shared philosophy and cooperative values, Community 1st and 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. The combined credit union will serve more than 118,000 members across 30 branches, with $3 billion in assets.
“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,” Bullock said. “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.”
Founded in 1955 as McChord Federal Credit Union, serving airmen on McChord Air Force Base (now Joint Base Lewis McChord), Harborstone Credit Union has grown to become one of the largest credit unions in Washington with over 104,000 members and approximately $2.7 billion in total assets. Harborstone Credit Union has 26 branches located throughout Island, King, Pierce, San Juan, Skagit, Thurston and Whatcom counties.
Community 1st Credit Union was founded in 1925 and serves about 12,000 members with approximately $200 million in assets, with branches in King, Pierce, Snohomish and Thurston counties.
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