Global Federal Credit Union officially acquires First Financial Northwest Bank

​As of Saturday, April 12, 2025, Global Federal Credit Union (Global) is officially managing the operations of First Financial Northwest Bank (FFNWB). In an agreement that closed at midnight last Friday, Global, with headquarters in Anchorage, Alaska, acquired substantially all assets and assumed substantially all liabilities (including deposit liabilities) of FFNWB, headquartered in Renton, Washington.
 
Global will operate the locations of the bank as a separately branded division named “First Financial Northwest Operated by Global Federal Credit Union,” until system and brand integrations are completed later in 2025. Global's Chief Strategy Officer Jason Sasena has been named acting president of the division.
 
The acquisition will expand Global’s business and commercial services to all its member businesses in the five states in which it operates and bring full access to Global’s extensive product and service offerings to former First Financial Northwest Bank customers.
 
“This is the next step on this journey to offer enhanced business and commercial products, while growing our presence in Western Washington,” said Geoff Lundfelt, President and Chief Executive Officer of Global.