your credit union just changed

Fairbanks-based MAC Federal Credit Union has merged into Credit Union 1, after members of both organizations voted to approve the merger, which took effect June 1. The combined credit union now operates under the Credit Union 1 name and serves about 112,500 members through nineteen branches statewide, with more than $1.7 billion in assets.

For MAC members, accounts and branches remain unchanged for now, but Credit Union 1 says members can expect higher loan limits, improved online and mobile banking, and more branch locations over time.

MAC Federal Credit Union was founded in 1952 at Fort Wainwright to serve soldiers, civilian employees and their families. It later expanded with branches in Wasilla and Palmer, extending its membership base beyond Fairbanks.

Credit Union 1 has been expanding its branch network across the state, including a new location opening in Homer this year, as it builds a statewide presence.

For the thousands of military and Interior families who have banked with MAC for years, the accounts and branches stay the same. The name on the door is the change for now.