Alaska USA Federal Credit Union is planning to acquire seven new branches in the Phoenix, Arizona area.

The credit union announced a deal with TCF Bank in a release Wednesday saying it will offer jobs to all the TCF employees and don't expect any layoffs. The deal is expected to close in the second quarter of this year.

Alaska USA already has eight branches in the Phoenix area and says it has more than 300 employees in Arizona.

There are also branches in Alaska, California and Washington.

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