Alaska USA Federal Credit Union
Encyclopedia
Alaska USA Federal Credit Union is a credit union
headquartered in Anchorage, Alaska
, chartered and regulated under the authority of the National Credit Union Administration
(NCUA). Alaska USA is among the 20 largest credit unions in the United States.
As of 2011, Alaska USA had $4.4 billion in assets, over 425,000 members, and 60 branches.
Alaska USA Federal Credit Union is a federally chartered financial services cooperative with branch offices throughout Alaska, Western Washington, and California's High Desert region. The credit union is the largest provider of consumer financial services in Alaska, with growing membership in Washington, California and the other 47 states. Alaska USA also provides business services, including checking, commercial loans, and insurance.
Alaska USA founded and operates the Alaska Option Network, which provides ATM and point-of-sale payment, switching, settlement, and related services for financial institutions throughout the U.S. The credit union also owns and operates Alaska USA Mortgage Company, with offices in Alaska, California, and Washington, Alaska USA Insurance Brokers with offices in Alaska and Washington, Alaska USA Title Agency, and Alaska USA Trust Company.
in the 1970s led to a surge in the credit union's membership and they gained 25,000 new members. Alaska USA received Congressional authority to provide services to Alaska Native Regional Corporations
in the same decade. Alaska USA adopted its current name in 1975.
In June 2009, Alaska USA purchased certain assets and assumed the shares and certain liabilities of High Desert Federal Credit Union of Apple Valley, California
, which had been placed into conservatorship by the NCUA board on October 18, 2008.
In September 2009, the National Credit Union Administration liquidated Members’ Own Federal Credit Union of Victorville, California
. The credit union's assets were purchased by Alaska USA Federal Credit Union.
On September 1, 2010 Alaska USA Credit Union took over branches of Arrowhead Credit Union in Barstow, Victorville, Big Bear and Hesperia, CA.
On October 8, 2010 Transportation Northwest Credit Union of Seattle, Washington
merged with Alaska USA.
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
headquartered in Anchorage, Alaska
Anchorage, Alaska
Anchorage is a unified home rule municipality in the southcentral part of the U.S. state of Alaska. It is the northernmost major city in the United States...
, chartered and regulated under the authority of the National Credit Union Administration
National Credit Union Administration
The National Credit Union Administration is the United States independent federal agency that supervises and charters federal credit unions...
(NCUA). Alaska USA is among the 20 largest credit unions in the United States.
As of 2011, Alaska USA had $4.4 billion in assets, over 425,000 members, and 60 branches.
Alaska USA Federal Credit Union is a federally chartered financial services cooperative with branch offices throughout Alaska, Western Washington, and California's High Desert region. The credit union is the largest provider of consumer financial services in Alaska, with growing membership in Washington, California and the other 47 states. Alaska USA also provides business services, including checking, commercial loans, and insurance.
Alaska USA founded and operates the Alaska Option Network, which provides ATM and point-of-sale payment, switching, settlement, and related services for financial institutions throughout the U.S. The credit union also owns and operates Alaska USA Mortgage Company, with offices in Alaska, California, and Washington, Alaska USA Insurance Brokers with offices in Alaska and Washington, Alaska USA Title Agency, and Alaska USA Trust Company.
History
The Alaska Command Federal Credit Union was founded in 1948 for military personnel and federal employees stationed in Alaska. The credit union provided services to military bases throughout Alaska. The construction of the Trans-Alaska Pipeline SystemTrans-Alaska Pipeline System
The Trans Alaska Pipeline System , includes the Trans Alaska Pipeline, 11 pump stations, several hundred miles of feeder pipelines, and the Valdez Marine Terminal. TAPS is one of the world's largest pipeline systems...
in the 1970s led to a surge in the credit union's membership and they gained 25,000 new members. Alaska USA received Congressional authority to provide services to Alaska Native Regional Corporations
Alaska Native Regional Corporations
The Alaska Native Regional Corporations were established in 1971 when the United States Congress passed the Alaska Native Claims Settlement Act which settled land and financial claims made by the Alaska Natives and provided for the establishment of 13 regional corporations to administer those...
in the same decade. Alaska USA adopted its current name in 1975.
In June 2009, Alaska USA purchased certain assets and assumed the shares and certain liabilities of High Desert Federal Credit Union of Apple Valley, California
Apple Valley, California
-Climate:*On average, the warmest month is July.*The highest recorded temperature was in 2002.*On average, the coolest month is December.*The lowest recorded temperature was in 1949.*The most precipitation on average occurs in February.-History:...
, which had been placed into conservatorship by the NCUA board on October 18, 2008.
In September 2009, the National Credit Union Administration liquidated Members’ Own Federal Credit Union of Victorville, California
Victorville, California
Victorville is a city located in the Victor Valley of southwestern San Bernardino County, California. According to the U.S. Census Bureau's 2010 census, the city had a population of 115,903, up from 64,030 at the 2000 census.-Geography and climate:...
. The credit union's assets were purchased by Alaska USA Federal Credit Union.
On September 1, 2010 Alaska USA Credit Union took over branches of Arrowhead Credit Union in Barstow, Victorville, Big Bear and Hesperia, CA.
On October 8, 2010 Transportation Northwest Credit Union of Seattle, Washington
Seattle, Washington
Seattle is the county seat of King County, Washington. With 608,660 residents as of the 2010 Census, Seattle is the largest city in the Northwestern United States. The Seattle metropolitan area of about 3.4 million inhabitants is the 15th largest metropolitan area in the country...
merged with Alaska USA.