Merger of Alaska USA and Global credit unions is final, creating one of the largest US financial cooperatives

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Under the merger, which closed Monday, the combined Alaska USA and Global credit unions will have 760,000 members, more than 2,000 employees and hold $12 billion in assets.

As part of the merger, the Spokane credit union will retain its name, according to a news release, operating as: Global Credit Union, a division of Alaska USA Federal Credit Union.

“With shared values, and a commitment to our communities, it is with great excitement that we merge into one organization,” Lundfelt said in the statement. “We welcome the employees and volunteers of Global and look forward to next year when we truly become one.” Member services for the two credit unions will remain unchanged until a system conversion in early 2023, according to the news release.

Alaska USA operates more than 90 branches and service centers in Alaska, Washington, California and Arizona. Global Credit Union has 12 branches in Washington and Idaho. It also has three branches on U.S. military installations in Italy.

 

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