This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers, click the "Reprints" link at the top of any article.
From the July-15, 2009 issue of Credit Union Times Magazine • Subscribe!
Alaska USA Completing Calif. P&A
The $4 billion Alaska USA Federal Credit Union said last week it expects to complete the purchase and assumption of $110 million High Desert FCU within the next 90 to 120 days.
The Anchorage-based CU was the winning bidder for High Desert in Apple Valley, Calif., which was running under conservatorship. The P&A presented us "a very good opportunity to reach beyond Alaska, which has a limited population and is subject to a boom/bust economy," said William Eckhardt, president/CEO of Alaska USA.
Eckhardt said there are no further plans to explore West Coast merger opportunities.
In the meantime, Alaska USA is devoting itself resources to marketing, computer conversion and operational needs to complete the High Desert P&A.
John Kerley, Alaska USA vice president of operations, is heading up High Desert.
Want the latest credit union news?
Sign up for our free newsletter today! All the breaking credit union news and information you need to make the right decision for your credit union delivered to your inbox. For free!
Thanks for subscribing, you will start receiving the Daily News Alert tomorrow!