Harborstone Credit Union & Community 1st Credit Union Announce Intent to Merge
Subject to Regulatory Approval
CLAWSON, MI – October 1, 2025 – McQueen Financial Advisors provided exclusive financial advisory services.
Harborstone Credit Union announced today that it has plans to merge with Community 1st Credit Union, headquartered in DuPont, Washington. The partnership has been unanimously approved by the boards of directors of both institutions, and is subject to approval by state and federal regulators, as well as a 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, including innovative green lending programs, and increase their presence with five additional branch locations serving the DuPont, Lynnwood, Olympia, Tacoma and Tukwila communities. After the merger, the combined credit union will serve more than 100,000 members with 21 branches, and responsive call center and omnichannel digital service channels.
About Harborstone Credit Union
Harborstone Credit Union is a Washington-chartered and federally insured credit union headquartered in Lakewood, Washington. 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 State with over 91,000 members and approximately $2.1 billion in total assets. Harborstone Credit Union has 16 branches located throughout King, Pierce, and Thurston counties, and offers members a full range of products and services with the aim to assist members in achieving financial well-being through innovative financial solutions that foster thriving communities and economic vitality
About Community 1st Credit Union
Founded in 1925, Community 1st Credit Union is a full-service, member-owned, not-for-profit financial institution serving 12,000 members and approximately $200 million in assets. Community 1st is most widely known as the longest-operating credit union in Washington State, and for its nationwide green lending program, ezSolarLoan.
About McQueen Financial Advisors
McQueen Financial is a nationwide financial advisory firm serving financial institutions since 1999. McQueen advises on ~25% of all Credit Union / Credit Union Mergers nationwide, annually.
Transaction Leads
Dan Martin
Director
André Gard
Senior Analyst