Alaska Story Archive

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.


Alaska USA Foundation donates $35,000 to local nonprofits in Alaska, California and Washington

August 9, 2021 – With more than 17 years of service to the community, the Alaska USA Foundation is committed to organizations that assist children, veterans, and active-duty military members and their families. Recently, they donated a total of $35,000 to local nonprofits in Alaska, California’s High Desert, and Washington.

$10,000 was donated to Greater Hope Foundation of Barstow, CA in support of their Family Hope Connections Project. The project connects foster children and families with trained professional clinicians in engaging, age-specific, therapeutic, and educational activities. $10,000 was donated to The Children’s Hospital at Providence which provides state-of-the-art medical treatment for Alaska’s newborns, children, and their families. $10,000 was donated to Together! in Tumwater, WA. The funds go directly to the Together! Club House program, which serves youth and families in the South Sound, providing integrated academic, health and social services along with youth development and community engagement to low-income, struggling students.

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2021: OP-ED from League President Dan McCue,  Dodd-Frank rollback poised to remove handcuffs from small lenders
Credit unions and other small community financial institutions keep the U.S. economy humming. More than 110 million Americans are members of credit unions and over 465,000 Alaskans are credit union members. Community banks employ three-quarters of a million people and originate nearly half of all loans made to small businesses. Click on the title to read the full release.


Transition of leadership set for regulator’s office
Jan. 5, 2018 — Changes are ahead in Alaska credit union and banking regulation, as Division of Banking and Securities Director Kevin Anselm retired Jan. 5, and a transition began. On Monday, Jan. 8, Operations Manager Barbara Reid took over as interim acting director of the DBS. Feb. 20, Chief of Enforcement and Outreach Kristy Naylor takes the reins as acting director. Anselm, who previously served as both a regulator and an administrative law judge in Oregon, joined the DBS in 2011; she was appointed director in 2013.

Alaska Credit Unions Await Final Marijuana Laws
March 27, 2015 – Alaska’s recent legalization of recreational marijuana means that America’s last frontier was among the country’s first states to tell residents it’s OK to fire up the bong.

Alaska Credit Union League Donates to Children’s Hospital at Providence
April 24, 2014 – Anchorage, Alaska – Alaska Credit Union League donated the Biz Kid$ financial education box set to the Children’s Hospital at Providence. The donation is part of an ongoing relationship between local credit unions and Children’s Miracle Network hospitals, linking credit unions’ philanthropy with their mission to improve people’s financial lives.