| Global Federal Credit Union | |
| Type: | Credit Union |
| Industry: | Financial services |
| Area Served: | Alaska; Washington; Maricopa County, Arizona; High Desert, California; Northwest Idaho |
| Key People: | Geoff Lundfelt, President Bobby Alexander, Chairman |
| Products: | Checking and savings, consumer loans, credit cards, commercial products, personal insurance, mortgage and real estate, financial planning and investment services |
| Assets: | US$12.066B (2023) |
| Subsid: | Global Credit Union Insurance Brokers, Global Credit Union Home Loans, Procure Mortgage Company Global Credit Union Foundation |
| Location: | Anchorage, Alaska, United States |
Global Federal Credit Union is a credit union headquartered in Anchorage, Alaska, chartered and regulated under the authority of the National Credit Union Administration (NCUA). In the United States, Global is among the largest credit unions by assets, and it is among the 20 largest credit unions by membership.[1] Global is a federally chartered, member-owned, not-for-profit financial cooperative with more than 100 branch offices and service locations throughout Alaska, Arizona's Maricopa County, California's San Bernardino County, Washington State, and Idaho's Kootenai County. As of October 2023, Global had $12.066 billion in assets and more than 754,000 members.[2]
The credit union is the leading provider of consumer financial services in Alaska, with growing membership in all 50 states. Global provides deposit accounts, consumer loans, credit cards, 24/7/365 support, and online and mobile account management. Global also provides commercial products, personal insurance, real estate loans, and financial planning and investment services.
The credit union also owns and operates Global Insurance Brokers in Alaska and Washington, and Global Credit Union Home Loans in Alaska, California, and Washington.
On September 16, 2003, Global established the Global Credit Union Foundation to support 501(c)(3) organizations that provide non-discriminatory, needs-based services to children and veterans of the armed services.[3] On June 4, 2009, Global Credit Union Foundation amended its articles of incorporation to provide support to any 501(c)(3) organization.[4]
Global Credit Union was founded in 1948 by 15 volunteers and originally chartered as the Alaskan Air Depot Federal Credit Union to provide financial services to military personnel and federal employees stationed in pre-statehood Alaska.
By 1974, the credit union's membership grew to include more than 20,000 workers of the services companies of the Trans-Alaska Pipeline System. During this same period, Global Credit Union received congressional authority to provide services to 10 of the Alaska Native Regional Corporations under the Alaska Native Claims Settlement Act.
The credit union entered the Pacific Northwest market in 1983 by merging with Whidbey Federal Credit Union in Oak Harbor. Global gained a statewide community charter in Washington following the merger of two other Seattle-based credit unions in 2010.
Global Credit Union expanded into California's San Bernardino County in 2009 by acquiring the High Desert Federal Credit Union of Apple Valley, California, and the Members Own Federal Credit Union of Victorville, California. This growth continued with the acquisition of Arrowhead Credit Union in 2010, and their branches in Barstow, Victorville, Big Bear, and Hesperia, California.
In 2014, Global Credit Union opened its first Arizona branch in Glendale. In 2015, the credit union was granted authorization by the NCUA to qualify members in underserved areas in Maricopa County.
In 2020, the credit union acquired 7 branches in Arizona from TCF Financial Corporation.[5]