ALPS Federal Credit Union and Tongass Federal Credit Union announce intent to merge

ALPS Federal Credit Union, with headquarters in Sitka, and Tongass Federal Credit Union, with headquarters in Ketchikan, announced today they're seeking regulatory approval of their intent to merge.

Tongass Federal Credit Union is a $150 million credit union with nine locations across Southeast Alaska, including Ketchikan, Metlakatla, Thorne Bay, Klawock, Wrangell, Hydaburg, Kake, Hoonah and Haines. ALPS is a $75 million credit union and operates locations in Sitka and Petersburg.

The merged entities will operate under the Tongass Federal Credit Union brand.

The merger would combine ALPS FCU's...