State regulators intend to approve merger of two Alaska credit unions

By: James Brooks

Outlets: Alaska Beacon

Published: March 9, 2026

Words: 174

Last Updated: 16 hours, 37 minutes ago

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The Alaska Division of Banking and Securities is planning to approve the merger of Credit Union 1 and MAC Federal Credit Union, the agency said in a public notice this week.

The two credit unions announced their merger plans last year, but state law required a review. Credit Union 1 is Alaska’s only state-chartered credit union, which gives the state primary authority over its operations. All of Alaska’s other credit …

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