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 leader