The acquisition is scheduled to be completed in May 2020, pending regulatory approval by the Federal Deposit Insurance Corporation (FDIC) and National Credit Union Administration (NCUA). On the day it is finalized, Alaska USA will acquire all TCF Arizona branches and customer deposit accounts. This makes it possible for you to become an Alaska USA member, provided you acknowledge your decision to join by signing a Membership Consent Form.
If you do not wish to consent to membership with Alaska USA, your account(s) will stay with TCF Bank. Please keep in mind that after conversion, TCF will no longer have any physical branch locations or ATMs in the state of Arizona. You will have to rely solely on using digital banking, phone or mail to access your account(s).
Credit unions are financial cooperatives that are owned by their members and have defined groups or fields of membership. Your physical address will initially be used to determine membership at Alaska USA. If you do not qualify based on your physical address, Alaska USA will fund a $5 membership fee for you to become a member of the Alaska USA Foundation, a public charitable organization. These actions will ensure you qualify to become a member of Alaska USA Federal Credit Union.
Get answers to the most frequently asked questions about Alaska USA and the transition process.
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.
Alaska USA Federal Credit Union has more than 675,000 members worldwide. Many enjoy being a member of a credit union so much that they’ve maintained their accounts even after they’ve moved out of an Alaska USA service area.
Employees are members too, so they benefit from the same high standard for service—with the added benefit of working for a company that rewards experience, encourages advancement, and values a healthy work/life balance.
So, what makes credit unions great?
Credit unions like Alaska USA are not-for-profit, member-owned financial services cooperatives providing higher savings, lower loan rates, and fewer fees to their members.
Team Alaska USA volunteers have opportunities to volunteer in the community through financial education, local events and festivals, or conducting a community clean-up.
Alaska USA and its Foundation work with organizations like United Way, BankWorks, and the Phoenix Children's Hospital to help support those in the community who may need a helping hand. Learn more
To learn more about Alaska USA, visit our website at alaskausa.org/about