Core Points - Global Federal Credit Union has received regulatory approval from the National Credit Union Administration for its acquisition of substantially all assets and liabilities of First Financial Northwest Bank [1][2] - The Asset Sale is expected to be completed in early Q2 2025, with Global operating the Bank's locations as a separate division until brand integration is finalized later in 2025 [2][3] - The transaction aims to enhance Global's business services and branch presence in Western Washington, benefiting First Financial Northwest Bank customers by providing access to Global's extensive offerings [2][4] Company Information - Global Federal Credit Union is a not-for-profit financial cooperative founded in 1948, serving over 750,000 members across multiple states and military installations [4] - First Financial Northwest, Inc. is the parent company of First Financial Northwest Bank, a Washington State-chartered commercial bank with 15 full-service offices in the Puget Sound Region [5]
Global Credit Union and First Financial Northwest, Inc. Announce Receipt of Final Regulatory Approval for Transaction