Two failed California credit unions within 10 miles of one another make up the forward-going footprint of $4.1 billion Alaska USA FCU.
Alaska USA management said this week its goal is to "look for growth opportunities where ever and whenever they come before us." For the present, that is in San Bernardino County, the suburban area east of Los Angeles that's home to one of the nation's most severe real estate collapses.
The $85 million Members Own FCU of Victorville was acquired by the Anchorage CU on Tuesday under NCUA auspices. In June, Alaska USA was the winning bidder on the failed $110 million High Desert FCU of nearby Apple Valley.
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Despite the recessionary blight, "we see growth potential in our San Bernardino model," said Daniel McCue, senior vice president.
So far, public acceptance and name recognition of Alaska USA is going well, said McCue, "so we see no reason why it can't be repeated with Members Own." Members Own had 11,000 members and two branches.
Alaska USA has not received any information from NCUA on further acquisition opportunities, but the CU would look at them to determine if they fit into our strategy, said McCue.
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