The Alaska USA Federal Credit Union financial institution, with over 25 branches in Alaska including branches in both Soldotna and Kenai, has announced plans to seek regulatory approval to merge with Global Credit.
The merger would combine Anchorage-based Alaska USA Federal Credit Union’s 700,000 members with Global Credit Union’s 45,000 member and result in a combined $11 billion in assets and make Alaska USA Federal Credit Union one of the fifteen largest credit unions in the United States.
Currently, Alaska USA has 67 branches in four states: Alaska, Washington, California and Arizona. Global Credit can be found in nine branches in Washington and Idaho as well as three branches in Italy on U.S. military installations.
The merger proposal requires approval by the National Credit Union Administration and additionally must be approved by Global Credit Union members, with an anticipated effective date in late 2022.
