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
2023 STATS
- Largest SCU: CREDIT UNION 1 CU $1.52B in assets
- Largest FCU: GLOBAL FCU $11.9B in assets
| Fourth Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 1 | 8 | 9 | 11.11% |
| Credit Union Members | 0.09M | 0.88M | 0.97M | 9.42% |
| Credit Union Assets | $1.52B | $13.88B | $15.4B | 9.87% |
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
Global Federal Credit Union Buying $1.5 Billion-Asset Washington Bank
In a deal that, if completed, would represent the largest bank to be bought by a credit union, Global Federal Credit Union has agreed to acquire the $1.5 billion asset First Financial Northwest Bank. The $11.8 billion-asset Global, which was formerly known as Alaska USA Federal Credit Union, said it will pay $231.2 million in cash for the Renton, Washington-based bank.
Story Archive
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