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California's NuVision FCU, Alaska's Denali FCU looking to merge

Huntington Beach, Calif.-based NuVision FCU and Anchorage, Alaska-based Denali FCU are looking to merge.

The proposed merger is subject to regulatory and Denali FCU member approvals. It is expected to be finalized by the end of 2018.

The combined entity will be led by current NuVision FCU CEO Roger Ballard and will have a 13-member board that includes volunteers from both organizations.

Bob Teachworth, current CEO of Denali FCU, will lead the combined organization's branch operations in the Pacific Northwest. Denali FCU will continue to operate under the Denali name and brand in its current locations.

Denali FCU said that recently announced two branch closures — Eagle River Walmart and Johansen Walmart in Alaska — that will take effect in May are based on its existing plan and budget and are completely independent of the merger.

SNL data shows that as of the end of 2017, NuVision FCU had $1.56 billion in assets, while Denali FCU had assets of $657.2 million.

SNL is owned by S&P Global Market Intelligence.