Person laidoff walking down the stairs out of the office building holding a box of office supplies Credit/AdobeStock

The $11.7 billion Global Credit Union in Anchorage, Alaska has laid off 185 employees across five states, spokesperson Tim Woolston said.

"The layoffs were concentrated in lending due to significantly reduced loan volume because of the current interest rate environment," Woolston said. The credit union said it also expects to make smaller staff reductions in its technology and project management divisions.

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