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Alaska USA Federal Credit Union and Global Credit Union with headquarters in Spokane, Washington are seeking regulatory approval of their intent to merge. The merger would combine Alaska USA’s 700,000 members with Global’s 45,000 members, and it will result in an organization with combined assets of over $11 billion, making it one of the 15 largest credit unions in the country.
In 1948, fifteen civil service personnel gathered in Anchorage’s Alaska Air Depot, pooled their savings and their conviction in one another, and formed a member-owned credit union.
At the heart of that decision was a simple truth—local financial institutions simply could not or would not support the credit needs of the personnel who had been recently transferred to Alaska. Members began extending credit to one another while volunteering their time to operate the credit union.
Today, Alaska USA still builds upon the strength of members—bringing its not-for-profit, financial service cooperative model to families and businesses across Alaska, Arizona, California, and Washington.
