History of Alaska USA

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Service expands to business members

Since early in its history, Alaska USA provided financial services to a number of organizations and businesses. However, as demand grew, a new line of financial services geared toward the service, value and convenience needs of the business community emerged. In 2004, Alaska USA introduced Business and Commercial services, offering a full range of deposit and loan services, primarily to serve Alaska businesses. Corporate trusts and business and commercial insurance are also available.

Subsidiaries support service to members

Alaska USA has been responsible for introducing a number of innovations to the financial services marketplace in order to improve and supplement its service to members. These efforts began in the 1980s with the formation of the Alaska Option Network. This organization was formed with other Alaska financial institutions to bring shared automated teller machine (ATM) and debit point-of-sale services to Alaska.

Alaska USA also established Alaska USA Insurance Brokers in 1986. In 2004 the Agency expanded, allowing it to provide a full range of personal and commercial lines of insurance. Alaska USA Mortgage Company, established in 1992, provides a full range of mortgage and real estate services through offices in communities throughout Alaska and in Washington. In 1997, Alaska USA established the Alaska USA Trust Company to provide investment and trust services to members, other credit unions and public units. Alaska USA Title Agency was created in 2008, offering title and escrow services for real estate transactions in Alaska. Together these organizations form the Alaska USA Family of Financial Service Companies.

A continued commitment

The credit union's services, operations and delivery channels have changed over the years in response to the membership's changing needs. However, since 1948, Alaska USA's commitment to its cooperative principles and the purposes for which it was chartered have remained constant. Alaska USA continues to strive to satisfy the financial needs of members from all walks of life and levels of income, providing them with the opportunity to be financially successful and to improve their standard of living.