51.5 F
Laguna Hills
Thursday, Mar 28, 2024
-Advertisement-

Nuvision to Acquire Alaska Credit Union

Huntington Beach-based Nuvision Credit Union announced Monday that it will merge with Anchorage, Alaska-based Denali Federal Credit Union, effective Oct. 1.

The combined credit union will have more than $2.2 billion in assets and serve more than 160,000 members across 31 branches in California, Alaska, Arizona, Washington and Wyoming.

Nuvision Chief Executive Roger Ballard will become the CEO and Denali CEO Bob Teachworth will lead Denali’s operations in the Pacific Northwest, a press release said.

Denali will operate as a division of Nuvision and continue to operate its branches and retain its branding.

Nuvision is No. 2 on the Business Journal’s annual list of credit unions. It reported net assets of $1.6 billion as of June 2017, up 10.3% year-over-year. Employee count was 267.

Want more from the best local business newspaper in the country?

Sign-up for our FREE Daily eNews update to get the latest Orange County news delivered right to your inbox!

-Advertisement-

Featured Articles

-Advertisement-
-Advertisement-
-Advertisement-
-Advertisement-

Related Articles

-Advertisement-
-Advertisement-