Exciting News: MAC Federal Credit Union and Credit Union 1 Plan to Merge
At MAC Federal Credit Union, we have always been dedicated to putting our members and community first. That’s why we are excited to announce our intent to merge with Credit Union 1 (CU1)—a fellow Alaska-grown financial institution that shares our values, commitment to service, and vision for the future.
What This Means for You
We will continue to operate under the Credit Union 1 name, serving more than 112,000 members with over $1.6 billion in assets, all while maintaining the personalized service and local support you trust.
Alaska Only Focus
Like MAC, CU1 is 100% focused on Alaska. CU1’s state-chartered status means they serve only Alaskans, and that won’t change.
More Branches and ATMs
Enjoy access to 19 branch locations statewide and 50+ ATMs. Members will also gain access to 30,000+ surcharge-free ATMs nationwide through the Co-op network.
Expanded Financial Services
More loan options, enhanced digital banking tools, and expanded financial products. Members will benefit from higher lending limits: up to $1 million for homes and $300,000 for vehicles or recreational toys.
Improved Technology and Products
We are evaluating all products and services to keep what members love while expanding opportunities for all.
Continued Commitment to Community
Both MAC and CU1 have deep roots in Alaska and a shared belief that financial institutions should uplift the communities they serve. Together, we’ll expand our impact and support even more Alaskans.
Same Great Service
The employees you trust will stay. Our goal is to retain all staff and keep the local expertise and community care you’re used to.
What Happens Next?
This merger is subject to regulatory approval and a member vote. If approved, we anticipate finalizing the merger in 2025, with full integration by 2026.
In the meantime, there are no immediate changes to your accounts, branch access, or services. We will keep you informed every step of the way to ensure a smooth and seamless transition.
Stay Informed
Find answers to common questions and read updates throughout the process: News and FAQ Page
Questions or comments? We welcome your feedback. Please share it here.
We are excited about what’s ahead and grateful for your continued trust. This merger is an opportunity to build something even stronger for our members, our employees, and our communities.
Thank you for being a part of MAC Federal Credit Union—we look forward to this next chapter together!