INSIDE ALASKA BUSINESS.

Alaska USA Federal Credit Union

As of April 3, Alaska USA Federal Credit Union is no more. The state's largest financial institution is taking on the branding of the Spokane-based affiliate it acquired last year: Global Credit Union. The new name reflects a worldwide reach, since the merger came with three branches in Italy that serve US military personnel. alaskausa.org

Glacier Oil & Gas

A local independent producer and explorer. Glacier Oil & Gas, has new out-of-state owners. Pontem Energy and Sweat Equity Partners, both based in Houston, Texas, acquired 100 percent ownership in January. The transaction price was not disclosed. Glacier built at least $500 million worth of assets at the Badami unit on the North Slope and at the Osprey platform and West McArthur River in Cook Inlet, including the Kustatan Production Facility. Its subsidiary, Savant Alaska, plans further drilling at Badami. gtacieroil.com

Silver Bay Seafoods

Silver Bay Seafoods acquired Seattle-based processing company Orca Bay Foods. Through a joint venture over the past several years, Silver Bay has supplied seafood and Orca Bay has managed secondary processing, sales, and marketing. Orca Bay foods will continue to operate as a separate business line. Silver Bay, formed in Sitka in 2007, owns six processing plants in Alaska. silverbayseafoods.com

Coastal Villages Region Fund

The nonprofit that pools the Community Development Quotas of twenty villages in Southwest Alaska is now the proud owner of a Seattle waterfront property that it has occupied since 2015. Coastal Villages Region Fund (CVRF) bought a marina and office building on the shore of Lake Union from its neighbor, United States Seafoods. The property serves as CVRF's base of fishing operations in the Lower 48 US Seafoods owned the property, once a home port for the National Oceanic and Atmospheric Administration, since 2012 and continues to keep offices there, alongside CVRF. coastalvillages.org

OCCP

The joint venture of Ounalashka Corporation and Chena Power, OCCP, agreed to an engineering, procurement, and construction contract with Ormat Technologies for the Makushin Geothermal Project. OCCP has been developing the $235 million project to build a 36 MW power plant...