ANCHORAGE, Alaska—$1.47 Credit Union 1 here intends to merge in $201-million MAC FCU based in Fairbanks, Alaska.
The merger awaits state and federal regulator approvals and members votes. The deal is expected to be completed in 2025, will full integration happening next year, Alaska Business reported.
“Both credit unions have spent decades helping Alaskans achieve their dreams,” said CU1 President and CEO Mark Burgess. “That is why this isn’t just about combining assets; it’s about uniting two legacies of service, resilience, and innovation to create something even stronger…“Together, we will reach more people, expand financial opportunities, and reinforce our commitment to the state we call home.”
“By combining forces with Credit Union 1, we are unlocking a broader range of financial products and services, from enhanced loan options to advanced digital banking tools. Our members will have access to a larger network of branches and ATMs, making it easier to manage their finances wherever they are,” said MAC Board Chair Anna Gould. “Together, we are creating a stronger, more resilient financial institution that’s better equipped to serve you and support Alaska’s future. While there is still work ahead, we are excited for the opportunities this partnership brings.”