Report|5 Dec 2024

Global Federal Credit Union Surveillance Report

Company Profile

  • Established in 1948, Global FCU (“Global” or “the credit union” or “GFCU”) is a member owned Federal Credit Union headquartered in Anchorage, AK with $11.5 billion in assets. Formerly known as Alaska USA Federal Credit Union, the credit union changed its dba name in 2Q23 to Global Credit Union following its merger in 3Q22 with same-named Global Credit Union ($600 million in assets) based out of Spokane, WA. In 1Q24, GFCU announced an agreement to acquire the assets and liabilities of $1.5 billion First Financial Northwest Bank (“FFNWB”) based out of Renton, WA - expected to close after all regulatory approvals have been obtained.
  • Currently, Global serves over 750,000 members and operates 75 branches primarily in AK (31 branches) and WA (26 branches) and has expanded into AZ, CA, ID (18 branches), and on U.S. military bases in Italy (3 branches). Global also has two wholly owned credit union service organizations (CUSOs) which include insurance brokerage…
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