The $4 billion Alaska USA Federal Credit Union, long a presence in the Washington State market, has now expanded its footprint in that state.
The expansion came through a merger which has been in the works for weeks following a pullout by another Seattle CU, the $228 million Prevail CU which reportedly declined to take on Transportation Northwest loan losses without NCUA financial assistance.
In a statement, Alaska USA of Anchorage noted that with 17 branches in the state and operating since 1983, the Transportation merger would be handled "in a smooth transition" based on its own experience including taking over two failed High Desert California CUs last year.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
