Global Credit Union

Global Credit Union is a credit union headquartered in Anchorage, Alaska, chartered and regulated under the authority of the National Credit Union Administration (NCUA). In the United States, Global is among the largest credit unions by assets, and it is among the 20 largest credit unions by membership.[1]

Global Credit Union
TypeCredit union
IndustryFinancial services
Founded1948 (1948)
HeadquartersAnchorage, Alaska, United States
Area served
Alaska; Washington; Maricopa County, Arizona; High Desert, California
Key people
Geoff Lundfelt, president
Bobby Alexander, chairman
ProductsChecking and savings, consumer loans, credit cards, commercial products, personal insurance, mortgage and real estate, financial planning and investment services
Total assetsUS$6.9B (2017)
SubsidiariesAlaska USA Insurance Brokers,
Alaska USA Mortgage Company,
Alaska USA Trust Company,
Procura Mortgage Company,
Alaska USA Foundation
Websitewww.alaskausa.org

Global is a federally chartered, member-owned, not-for-profit financial cooperative with more than 100 branch offices and service locations throughout Alaska, Arizona's Maricopa County, California's San Bernardino County, Washington State, and Idaho. As of 2017, Global had $6.9 billion in assets and more than 600,000 members.[2]

The credit union is the leading provider of consumer financial services in Alaska, with growing membership in all 50 states. Global provides deposit accounts, consumer loans, credit cards, 24/7 support, and online and mobile account management. In a growing number of locations, Global provides commercial products, personal insurance, real estate loans, and financial planning and investment services.

The credit union also owns and operates Global Insurance Brokers in Alaska and Washington, and Global Credit Union Home Loans in Alaska, California, and Washington.

On September 16, 2003, Global established the Alaska USA Foundation to support 501(c)(3) organizations that provide non-discriminatory, needs-based services to children and veterans of the armed services.[3] On June 4, 2009, Alaska USA Foundation amended its articles of incorporation to provide support to any 501(c)(3) organization.[4]

On April 3, 2023, they changed their name from Alaska USA Federal Credit Union to Global Credit Union.[5]

History
In the 2000s, the credit union built office buildings in Anchorage, Fairbanks and Wasilla to house their financial services subsidiaries. Shown is the Fairbanks Financial Center (with Birch Hill Cemetery in the background), which also houses the Fairbanks offices of the Alaska Legislature.

Alaska USA was founded in 1948 by 15 volunteers and originally chartered as the Alaskan Air Depot Federal Credit Union to provide financial services to military personnel and federal employees stationed in pre-statehood Alaska.

By 1974, the credit union's membership grew to include more than 20,000 workers of the services companies of the Trans-Alaska Pipeline System. During this same period, Alaska USA received congressional authority to provide services to 10 of the Alaska Native Regional Corporations under the Alaska Native Claims Settlement Act. To reflect this growing field of membership, Alaska USA adopted its current name in 1975.

The credit union entered the Pacific Northwest market in 1983 by merging with Whidbey Federal Credit Union in Oak Harbor. Alaska USA gained a statewide community charter in Washington following the merger of two other Seattle-based credit unions in 2010.

Alaska USA expanded into California's San Bernardino County in 2009 by acquiring the High Desert Federal Credit Union of Apple Valley, California, and the Members Own Federal Credit Union of Victorville, California. This growth continued with the acquisition of Arrowhead Credit Union in 2010, and their branches in Barstow, Victorville, Big Bear, and Hesperia, California.

In 2014, Alaska USA opened its first Arizona branch in Glendale. Shortly after in 2015, the credit union was granted authorization by the NCUA to qualify members in underserved areas in Maricopa County.[6] In 2020, they further expanded in Arizona with the acquisition of the seven branches of TCF Bank in the area.

References
  1. USA Credit Unions – Top 100 Credit Unions By Members usacreditunions.com
  2. "About Alaska USA Federal Credit Union". www.alaskausa.org. Retrieved September 20, 2017.
  3. "Certificate of Incorporation". Alaska USA Foundation. via Alaska Department of Commerce, Community, and Economic Development. September 16, 2003.
  4. "Articles of Amendment". Alaska USA Foundation. via Alaska Department of Commerce, Community, and Economic Development. June 4, 2009.
  5. "Alaska USA to rebrand as Global Credit Union". American Banker. January 20, 2023. Retrieved April 4, 2023.
  6. Alaska USA Official Website
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