SPOKANE — Two credit unions, one based in Washington state and one in Alaska, said Thursday they are seeking regulatory approval of their intent to merge.
The credit unions said in a news release that the merger would combine Anchorage, Alaska-based USA Federal Credit Union’s 700,000 members with Global Credit Union’s 45,000 members.
The merger will result in an organization with combined assets of over $11 billion, making it one of the 15 largest credit unions in the country, according to the news release.
Alaska USA has 67 branches in Alaska, Washington, California and Arizona. Global operates nine branches in Washington and Idaho as well as three branches in Italy on U.S. military installations.