Credit Union 1 and MAC Federal Credit Union Merger - MAC Federal Credit Union (MACFCU)

Results Are In: The CU1 + MAC Merger Has Been Approved

May 29, 2026

MAC and CU1 members have voted in favor of the proposed merger, marking a major milestone in the organizations’ plans to strengthen financial access and community investment across the state.

CU1 and MAC have common origins; we each were founded in 1952 and are both solely focused on serving Alaskans. This merger is not just about combining assets; it’s about uniting two legacies of service, resilience and innovation to create something even stronger. By integrating our strengths, we will offer new financial opportunities to our members, expand access to services and further support economic growth across the state.

The merger approval is a historic milestone for both our organizations. Read a full press release here. The CU1 + MAC merger has officially been approved! Since announcing our intent to merge, the proposal has undergone extensive reviews and approvals from both credit unions’ board of directors, applicable state and federal regulators, and most recently CU1 and MAC members who voted to support this change.

The merger approval is a historic milestone for both our organizations. Read a full press release here.

What is Next

On June 1, 2026, MAC and CU1 will officially become one credit union. We will continue to operate under the Credit Union 1 name, serving more than 112,500 members with over $1.7 billion in assets, all while maintaining the personalized service and local support you trust.

As we move forward together, there are no immediate changes for MAC or CU1 members. You will continue using services, accounts and channels as you do today while integration continues behind the scenes.

We will move through a thoughtful transition as systems are combined, with clear communication at every step. As integration progresses, you will gain expanded benefits, including higher lending limits, improved digital tools, and greater access to branches and ATMs across Alaska.

As always, thank you for your membership!

What This Means for You

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.