Credit Union 1 and MAC Federal Credit Union have both always been dedicated to serving Alaskans, and by coming together, we can do even more. This merger allows us to expand services, offer more resources, and strengthen our ability to support members—all while preserving the local, member-owned values that make our credit unions special. Together, we’ll continue to put members first and create more opportunities for financial empowerment across the state.

For now, nothing is changing. Your account numbers, debit and credit cards, direct deposits, checks, Bill Pay, and automatic payments will continue to work as usual. If any changes become necessary as we integrate systems, we’ll provide clear communication, plenty of advance notice, and support to make the transition as smooth as possible.

If you have accounts with both CU1 and MAC, they will remain separate for the time being. We’ll keep you updated on how those may be managed in the future for the best possible experience.

Safe Deposit Boxes will remain secure and accessible at their current locations. As always, your deposits are federally insured by the NCUA up to $250,000 per individual depositor, per account category.

Both were founded in Alaska, operate solely in Alaska, and we will remain fully committed to serving only Alaskans. This merger brings together two local institutions with shared values and a deep dedication to our communities.

MAC and CU1 are both member-owned, Alaska-based credit unions. MAC was founded in 1952 as Fort Wainwright Federal Credit Union and later renamed MAC Federal Credit Union. CU1 was also founded in 1952 as the Anchorage Teachers Credit Union. There are no external or international owners—our members are at the heart of everything we do.

Once merged, you’ll be able to access services in more places! With plans to keep all branch locations, both MAC and CU1 members will enjoy access to a total of 19 branches all across the state when fully integrated. There will also be more than 50 ATM/ITM’s to use, and a Co-op network with more than 30,000 surcharge-free ATM’s all around the country.

The merger was carefully considered by both credit unions’ leadership teams and boards of directors before being announced. Now that we’ve shared our intent to merge, the next steps include securing approvals from state and federal regulators, followed by a member vote from both CU1 and MAC. This means members will have the final say before the merger moves forward.

The employees who help you today are staying put! We anticipate being able to keep all staff if the merger is approved. This means the smiling faces and knowledgeable employees you’re working with at both CU1 and MAC today will still be here. Our goal is to find a spot for every employee and retain the expertise and community care that you’re used to today.

We’ll keep you informed through multiple channels, including direct emails, social media updates, and our dedicated merger webpage. This page will be updated regularly with news, FAQs, and important dates—so be sure to check in often!