State regulators intend to approve merger of two Alaska credit unions

State regulators intend to approve merger of two Alaska credit unions

U.S. currency is seen in a close-up photo. (Getty Images)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. …