Community 1st Credit Union has officially merged with Harborstone Credit Union. Harborstone, headquartered in Lakewood, Washington, has assumed nearly all of Community 1st’s assets and liabilities, including member deposits. Community 1st, previously headquartered in Dupont, Washington, is now part of the Harborstone family, however, all Community 1st branches will continue to operate under their existing brand until further notice.
This 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. The combined credit union will continue to operate as Harborstone Credit Union under the leadership of President & CEO, Geoff Bullock. 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 $3B in assets.
This transaction follows two Harborstone Credit Union bank purchases in the recent months, with the acquisition of Seattle-based First Sound Bank closing on May 16, 2024 and the acquisition of SaviBank (now Savi, Powered by Harborstone Credit Union) located in Mount Vernon, Washington, closing on September 1, 2025.
Geoff Bullock, President & CEO of Harborstone Credit Union expressed his excitement for this major milestone, “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. 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.”
Dan LeFree, President & CEO of Community 1st Credit Union added, “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.”