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Alaska USA 'Surprised' by Arrowhead Seizure

The sudden NCUA takeover of the $876 million Arrowhead Central Credit Union on Friday was as much a surprise to the $4 billion Alaska USA FCU, now owner or co-owner of four former branches of Arrowhead, as it was to others, Alaska USA management reported.

By Jim Rubenstein | Updated on June 28, 2010

The sudden NCUA takeover of the $876 million Arrowhead Central Credit Union on Friday was as much a surprise to the $4 billion Alaska USA FCU, now owner or co-owner of four former branches of Arrowhead, as it was to others, Alaska USA management reported.

“Just like everybody else we were told at 3:00 pm Alaska time by our staff down there they were posting signs on the branch doors about the conservatorship,” said Dan McCue, senior vice president-corporate administration of the Anchorage CU.

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