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Global Credit Union acquires First Financial Bank

PRIVATEMar 12, 2025

Acquiring Company

Global Federal Credit Union

Acquired Company

First Financial Northwest

AnchorageFinancial Services

Description

Global Federal Credit Union has received final regulatory approval for its acquisition of First Financial Northwest, Inc. The transaction involves the acquisition of the assets and liabilities of First Financial Northwest Bank. Completion of the acquisition is expected in the second quarter of 2025, enhancing Global's presence and service offerings in Western Washington. Customers of First Financial will transition to Global Federal Credit Union following the acquisition.

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Company Information

Company

Global Federal Credit Union

Location

Anchorage, Alaska, United States

About

Global Federal Credit Union is a not-for-profit, member-owned financial cooperative. Founded in 1948, it enriches lives through world-class financial services. The credit union serves over 750,000 members online and operates more than 70 branches across multiple states and military installations in Italy. Global aims to provide accessible financial solutions to its members.

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Frequently asked

Who acquired First Financial Northwest?

First Financial Northwest was acquired by Global Federal Credit Union, based in Anchorage. The deal was reported on March 12, 2025. Global Federal Credit Union is a not-for-profit, member-owned financial cooperative. Founded in 1948, it enriches lives through world-class financial services. Global Federal Credit Union is privately held and operates in Financial Services.

When did Global Federal Credit Union acquire First Financial Northwest?

Global Federal Credit Union's acquisition of First Financial Northwest was reported on March 12, 2025. Global Federal Credit Union has received final regulatory approval for its acquisition of First Financial Northwest, Inc. The transaction involves the acquisition of the assets and liabilities of First Financial Northwest Bank. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does First Financial Northwest do?

First Financial Northwest is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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