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News Now

Washington
High Desert members now served by Alaska USA
ALEXANDRIA, Va. (6/19/09)--The National Credit Union Administration (NCUA) Thursday approved Alaska USA FCU’s purchase of certain assets and assumption of shares and certain liabilities of High Desert FCU of Apple Valley, Calif. Alaska USA, headquartered in Anchorage, Alaska, will provide uninterrupted service to High Desert members. The NCUA noted in its announcement that it has been overseeing the operations of High Desert since Oct., 16, 2008, when the agency board placed the credit union into conservatorship. The action was taken to protect member assets while addressing operational issues within High Desert. While ensuring safety and soundness, the NCUA said it has been operating the credit union with the goal of continuing credit union service to members through a merger with or purchase by another credit union. Alaska USA FCU was chartered in 1948, is a full-service, $3.9 billion-asset, federally chartered credit union, and has with more than 350,000 members located throughout the United States. Alaska USA has 52 branches in Alaska and Washington and serves its members through over 5,600 shared service center locations nationwide. Founded in 1951, High Desert originally was chartered to serve George Air Force Base in Victorville, Calif., and now serves the residents of San Bernardino County. It has assets of $102 million and serves over 11,000 members.


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