Alaska
REGULATING AGENCY: Alaska Department of Commerce, Community, and Economic Development; Division of Banking and Securities

Alaska State Capitol
- Robert (Rob) Schmidt, Director
- Tracy Reno, Chief Examiner
- Website: commerce.alaska.gov/web/dbs
LEAGUE: Alaska Credit Union League
- Dan McCue, President
- Website: alaskacreditunions.org
PRIVATE SHARE INSURANCE: No
STATS: (As of Q4 2021)
Total Number of Credit Unions: 10
- TOTAL # SCUs: 1
- TOTAL # FCUs: 9
- SCU % OF TOTAL (SCUS #/STATE TOTAL #): 10%
Total Assets: $13,934,127,944
- TOTAL $ SCU ASSETS: $1,468,974,903
- TOTAL $ FCU ASSETS: $12,465,153,041
- SCU % OF TOTAL ASSETS (SCUS $/STATE TOTAL $): 11%
Total Members: 918,567
- TOTAL Members SCUs: 93,541
- TOTAL Members FCUs: 825,026
- SCU % OF TOTAL (SCUS/STATE TOAL): 10%
FUN FACT: Thanks to the state’s summer sun, produce here can grow to be huge. Recent years have seen the state produce a 138 lb. cabbage, a 65 lb. cantaloupe, and a 35 lb. broccoli, just to name a few.
RECENT NEWS:
Alaska Announces New Banking and Securities Division Director
December 16, 2021 – State of Alaska Department of Commerce, Community, and Economic Development; Division of Banking and Securities announces Robert (Rob) Schmidt will serve as the new Director in December 2021. He was a Senior Assistant Attorney General with Public Corporations and Government Services with the Alaska Department of Law.
The division regulates state depository and non-depository financial institutions, administers and enforces Alaska’s financial services laws, and provides information for consumers, investors, entrepreneurs, and regulated industries. The division has three primary functional areas; licensing, examinations, and enforcement. Division staff answer inquiries, investigate and resolve complaints, and contribute to education and outreach activities.
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