Credit Union 1 (CU1), the second-largest credit union in Alaska with $1.7 billion in assets, has expanded its collaboration with NCR Atleos Corporation (NYSE: NATL) through a new ATM branding agreement at Circle K stores. The partnership will see CU1 branding displayed on ATMs across 24 high-traffic retail locations in Anchorage, Fairbanks, Wasilla, and the Kenai Peninsula. Launching in July-August 2026, the initiative is designed to reinforce CU1’s commitment to accessible, convenient self-service banking for its members spread across the state’s vast geography.

The agreement addresses the logistical challenges of providing reliable cash access in one of the world’s most geographically expansive environments. By leveraging NCR Atleos’ operational services and monitoring capabilities, CU1 ensures continuity of service while establishing a consistent brand presence in everyday retail settings. This strategic move allows members to access financial services while shopping, fueling, or traveling, reducing the need for dedicated branch visits.

"Access and convenience are essential for our members, no matter where they live in Alaska," said Mark Burgess, President/CEO of Credit Union 1. "Our collaboration with NCR Atleos and the branding agreement at Circle K in Alaska extends the reach and visibility of Credit Union 1 into the everyday places our members already visit, making it easier for them to access their financial services while they shop, fuel and travel across the state."

This ATM branding effort is part of a broader strategy to expand CU1’s physical footprint and service capabilities. In 2025, the credit union opened new branches in Kotzebue, Wasilla, and Skagway, with another location scheduled to open in Homer in August. Additionally, CU1 recently received approval for a merger with MAC Federal Credit Union, further strengthening its statewide presence.

Steven Nogalo, General Manager of North America for Atleos, emphasized the role of retail ATM access in expanding financial inclusion. "Retail ATM access plays a critical role in expanding financial access across large and remote regions," Nogalo said. "By supporting Credit Union 1’s Circle K branding initiative statewide, Atleos is helping deliver self-service access backed by operational strength and proven service capabilities. We’re proud to deepen this relationship and help support members across Alaska."

What the Numbers Show

The expansion of ATM branding at 24 Circle K locations underscores CU1’s shift toward hybrid banking models that combine digital self-service with physical retail partnerships. With more than $1.7 billion in assets and over 112,000 members, CU1’s investment in accessible infrastructure highlights the importance of non-branch touchpoints in member retention and acquisition. The simultaneous rollout of new branches in remote areas like Kotzebue and Skagway suggests a dual strategy: maintaining traditional branch presence in underserved communities while leveraging retail partnerships for convenience in urban and suburban hubs.

Founded in 1952, Credit Union 1 currently operates 15 branches and serves anyone who lives or works in Alaska. The credit union’s mission focuses on helping members achieve their financial goals through excellent service and value, a goal supported by this expanded network of branded ATMs.

Central 1 Credit Union's President and CEO Sheila Vokey will retire effective September 4, 2026, concluding a five-year tenure marked by modernization in the payments and credit union sector. The Board of Directors has initiated a comprehensive process to select a new permanent President and CEO, retaining Massey Henry to conduct the executive search. The leadership transition comes as the organization seeks to build on recent momentum and expand its role as a national leader in Canadian payments and treasury.

Vokey informed the Board of her decision to step down, expressing pride in the team's accomplishments and confidence in the organization's future direction. During her tenure, she led Central 1 through a period of rapid transformation, positioning the credit union for growth and scalability. The Board acknowledged her contributions, noting that the organization is well-positioned to deliver for its members and clients.

Shawn Neumann, Chair of the Board of Directors, will lead the CEO Selection Committee. The committee is tasked with identifying a successor who can continue to drive Central 1's strategic objectives. The organization serves credit unions and financial institutions across Canada, providing payments, clearing and settlement, and treasury services.

Central 1 reported assets of $9.2 billion as of March 31, 2026. The organization supports more than 5 million diverse customers through its network of clients, focusing on financial well-being and cooperative empowerment. The leadership transition is expected to maintain stability as the search for a new CEO progresses.

The Board emphasized that Central 1 is at a pivotal moment in its evolution, with strong partnerships and a solid foundation to support future growth. The organization remains focused on scaling its operations and enhancing services for the credit union system.