Alaska USA Federal Credit Union, Global Credit Union to merge | Credit Union Journal

Alaska USA Federal Credit Union in Anchorage and Global Credit Union in Spokane, Washington, are merging.

The $10.3 billion-asset Alaska USA and the $571 million-asset Global announced the deal Thursday. It is expected 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 USA’s president and CEO, said in a press 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 combined organization would have a workforce of nearly 2,200 and cater to 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, said in the release.

Global would continue to operate under its name and Alaska USA would extend offers of employment to all of the existing Global employees. In addition, a majority of current members of Global’s board of directors would continue to serve as volunteer officials of a regional advisory committee in the combined organization.

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