Alaska U.S.A. Federal Credit Union in Anchorage and Global Credit Union in Spokane, Washington, are combining.
The $10.3 billion-asset Alaska U.S.A. and the $571 million-asset Global revealed the offer Thursday. It is anticipated to close in late 2022, pending approval from regulators and members of Global.
“Both organizations can trace our roots to supporting America’s service members and a commitment to our employees and the communities we serve,” Geoff Lundfelt, Alaska U.S.A.’s president and CEO, stated in a news release. “Our missions are to continually find ways to improve the member experience and grow into areas where our collective members live, work and play.”
The integrated company would have a labor force of almost 2,200 and deal with more than 745,000 members, with 80 branches in Alaska, Washington, California, Arizona, Idaho and Italy.
“Global’s long history of community involvement and charitable giving will continue as both organizations share the same philosophy of giving back to the communities we serve,” Jack Fallis, Global’s president and CEO, stated in the release.
Global would continue to run under its name and Alaska U.S.A. would extend deals of work to all of the existing Global workers. In addition, a bulk of present members of Global’s board of directors would continue to act as volunteer authorities of a local advisory committee in the combined company.