Alaska

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

Alaska State Capitol

LEAGUE: Alaska Credit Union League

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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