Business Share Account Disclosure Statement

This disclosure statement applies to accounts created for Businesses, Organizations, Associations, or Public Units. Members that do not match these categories should refer to the Consumer Share Account Disclosure Statement.

Disclosure contents:

Business, Organization, Association, and Public Unit Share Account Disclosure Statement
Schedule of Service Fees
Privacy Statement
Comparative Summary of Share Accounts
 

Business, Organization, Association, and Public Unit
Share Account Disclosure Statement

1. Definition of active member. A member of Alaska USA Federal Credit Union (“Alaska USA” or the “credit union”) must be a qualified natural person or corporate or other legal entity as provided for in the credit union’s charter. A member must maintain a balance of at least $5 (par value of one share) in any share account to qualify as an active member with all the privileges thereof, including opening or maintaining accounts. If a member draws an account balance below $5 or the account balance is reduced below $5 as a result of any share account service fee and the member does not increase the balance to $5 within a six-month period, membership will terminate.

2. Public unit. Public units are federal, Indian tribal, state, or local governments and political subdivisions that are permitted to have nonmember share, share certificate, and share draft (checking) accounts in the credit union. Public unit accounts are insured on the same basis as member accounts by the National Credit Union Share Insurance Fund (NCUSIF). For the purposes of this Share Account Disclosure, all terms and conditions that apply to member accounts also apply to nonmember public unit share accounts.

3. Account agreement. Account terms and conditions are also separately set forth in the Business, Organization, Association, and Public Unit Master Account Agreement. All accounts are governed and controlled by the laws of the United States and applicable laws of the State of Alaska. No Payable on Death (POD) beneficiary designation or other designation shall apply to the account. The business, organization, or association in whose name the account is held (member) and the authorized signers agree to conform to the bylaws of Alaska USA and agree to the terms, conditions, and fee schedules established by Alaska USA from time to time. The credit union reserves the right to require the member to complete a new Business, Organization, or Association Master Account Agreement and to provide board minutes (corporations, associations, and organizations) or other documentary evidence satisfactory to the credit union as necessary to notify the credit union of any changes in the representative authority of any authorized signer or agent. Such changes in authorization or representation shall not affect transactions made within one business day of receipt of written notice or a new Master Account Agreement by the credit union. If an authorized signer is deleted from the account, any checks in such signer’s possession that are presented for payment may be honored by the credit union. Accordingly, the member shall be solely responsible for recovering any checks in the possession of the signer whose name is deleted from the Master Account Agreement. The credit union may require that third-party checks payable to a business may not be cashed, but must be deposited to a business account. Member agrees that the credit union shall have no notice of any breach of fiduciary duties arising from any transactions by any agent of the account owner, unless the credit union has actual notice of such breach. The member and authorized signers agree with each other and with Alaska USA that any signer may establish verbally or in writing additional shares or services associated with a master account number, including but not limited to debit card and/ or remote access service. All shares shall be subject to withdrawal or receipt by any of the authorized signers, and payment to any of them shall be valid and shall discharge Alaska USA from any further liability for such payment. Each of the signers is authorized to sign or endorse all withdrawal slips, checks, or drafts to be cashed or deposited and to access the shares associated with a master account number by debit card(s) or by any other means approved by Alaska USA. Any and all of the signers agree and acknowledge that they are pledging all or any part of funds in the shares associated with the master account number as collateral security for any loan or loans with Alaska USA. A pledge of shares by any one signer is binding on all signers. If more than one person is authorized to write checks or draw items on the account, checks signed by any ONE or more authorized signers, even if there are two or more lines on the items for a signature and the item purports to require two or more signatures, can be honored by the credit union. Any condition on an account that purports to require two or more signers on items drawn on the account is an internal condition to your operations and is solely for internal control purposes and is not binding on the credit union.

4. Account statements. Members shall examine each statement of account from the credit union and discover and then notify the credit union in writing of any errors, unauthorized transactions, alterations, unauthorized signatures, or other problems promptly. If the member does not notify the credit union of the errors, unauthorized transactions, alterations, unauthorized signatures, or other problems on or before the fortieth (40th) day after the first account statement containing the error or problem was mailed, member will have waived and is precluded from asserting against the credit union the errors, unauthorized transactions, alterations, unauthorized signatures, or problems, and the credit union shall not be liable for the errors, unauthorized transactions, alterations, unauthorized signatures, or problems, or for any related payments made and charges to member account. If the problem involves an unauthorized signature or alteration, member or its agents are precluded from asserting against the credit union any subsequent unauthorized signatures or alterations by the same individual, unless the credit union is notified of the unauthorized signature or alteration within thirty (30) days of the date the credit union mailed or otherwise delivered the first statement containing the first unauthorized signature or forgery.

5. Definition of share accounts and share drafts. The term Share Accounts generically and collectively refers to the following types of shares: savings, money market, share draft (checking), and certificates. Share draft accounts will hereafter be referred to as checking accounts and share drafts as checks. For regulatory classification and reporting purposes only, credit union checking accounts are structured into checking and savings shares. The amount of the savings shares is equivalent to the funds not routinely needed to pay checks and other withdrawals from checking accounts. Since this amount varies from time to time, the credit union may transfer funds between the checking and savings shares prior to reporting aggregate balances to the Federal Reserve Bank, as required by federal regulation. This classification and reporting does not affect available balances, dividends earned on dividend bearing accounts, National Credit Union Administration (NCUA) insurance, the appearance of statements of account, or any other features or functions of checking accounts.

6. Assignability of accounts. All share accounts are non-assignable and non-transferable to third parties. A Certificate of Receipt is non-negotiable and may not be pledged to secure any obligation of a member, except to serve in lieu of a performance bond or as otherwise approved in writing by the credit union.

7. Fiduciary accounts. Trust accounts are fiduciary accounts in which funds are held by a trustee for the benefit of another person without otherwise establishing a written trust agreement. Some states have specific laws governing other specific types of fiduciary accounts, such as Interest on Lawyer Trust Accounts. If the member establishes one of these types of accounts, the member agrees to comply with all of the laws applicable to such types of accounts. With all fiduciary accounts, the owners and beneficiaries of the account agree that the credit union will not be liable if the trustee commits a breach of trust or breach of fiduciary duty, or fails to comply with the terms of a written trust agreement or comply with applicable law. The credit union is not responsible for enforcing the terms of any written trust agreement or applicable law against the trustee and can rely on the genuineness of any document delivered to the credit union, and truthfulness of any statement made to the credit union, by a trustee.

8. Zero balance accounts. Zero balance accounts will not be assessed a maintenance fee unless it is determined by Alaska USA that the account is still being used by the member. Accounts left with a zero balance will be automatically closed after a reasonable period of time, generally within 32 to 92 days from the date of last account activity. Members may reactivate zero balance accounts within six months from the date of last activity.

9. Changes to account terms and conditions. Changes to the terms and conditions of accounts and this Disclosure may occur from time to time and do not require member approval. However, members will be notified of any change, amendment, or modification that would adversely affect them at least thirty (30) days in advance of such change.

10. Credit union bylaws limitations. No member may withdraw shareholdings that are pledged as required security on loans without the written approval of a loan officer, except to the extent that such shares exceed the member’s total primary and contingent liability to Alaska USA. No member may withdraw any shareholdings below the amount of their primary or contingent liability to Alaska USA if they are delinquent as a borrower, or if borrowers for whom they are a co-maker, endorser, or guarantor are delinquent, without the written approval of a loan officer. The maximum amount of shares which may be held by any one member shall be established from time to time by resolution of the Board of Directors.

11. National Credit Union Share Insurance Fund (NCUSIF). Member accounts are federally insured up to at least $250,000 by the National Credit Union Administration (NCUA). The NCUA is the federal agency that charters and supervises federal credit unions and insures savings in federal credit unions across the country through the NCUSIF, a federal fund backed by the full faith and credit of the United States government.

12. Nature of dividends. Dividends are paid to accounts earning dividends from current income and available earnings after required regulatory transfers to reserves at the end of a dividend period. The disclosed Dividend Rate and Annual Percentage Yield (APY) are the prospective rates and yields that Alaska USA anticipates paying for the applicable dividend period.

13. Rate information. Please visit alaskausa.org or call the Member Service Center to obtain current dividend rates and APYs.

In Anchorage: (907) 563-4567
Outside Anchorage: (800) 525-9094
TTY/Hearing Impaired: (800) 742-7084
6 am – 10 pm Alaska time
7 am – 11 pm Pacific time
7 days a week

The APY measures the total amount of dividends paid on an account based upon the dividend rate and the frequency of compounding. The APY is expressed as an annualized rate, based upon a 365-day year. APY calculation assumes that principal and paid dividends remain in the account a full 365 days (variable rate accounts) or through the maturity date (fixed rate accounts). The Dividend Rate and APY may change as determined by the Board of Directors as stated within the Account Disclosures. The frequency with which the Board of Directors may change variable rate account rates is set forth in the Comparative Summary of Share Accounts (page 4).

14. Compounding and crediting dividends. The frequency with which dividends are compounded and credited (Dividend Period) is set forth in the Comparative Summary of Share Accounts. The Dividend Period may be different for each share type. The Dividend Period for each share type is also set forth in the Comparative Summary of Share Accounts. The dividend declaration date precedes the ending date of a dividend period and is usually the date of the meeting of the Board of Directors immediately before that ending date. The Board of Directors generally meets on the last Wednesday of a calendar month. Certificates with an original maturity of less than one year will receive accrued dividends at maturity. Certificates with an original maturity of one year or more will receive accrued dividends at the end of each month and at maturity. Dividends will not be paid if an account is closed before accrued dividends are credited.

15. Balance requirements and dividend accruals. The minimum balance to open each share type is set forth in the Comparative Summary of Share Accounts. This summary also sets forth the minimum daily balance that must be maintained in a share each day to obtain the disclosed APY. The minimum daily balance required to avoid the imposition of an account maintenance fee is also set forth in the summary. The share type designations in effect during the dividend period will determine the corresponding balance requirements used in dividend calculation and maintenance fee assessment. Changing a share type designation is limited to one change per dividend period for Share Savings or Premium Savings as well as for Money Market, Super Money Market, or Jumbo Money Market. Share type changes must be requested and are not established automatically based upon account balance. Dividends are calculated by the Daily Balance method that applies a daily periodic rate to the principal balance every day, providing that the balance is at or above the minimum daily balance required to earn dividends for that share type on that day. Dividends will begin to accrue on the business day that the cash or non-cash (e.g., check) deposit is made to the share. Dividends will begin to accrue on direct deposits on the effective date of the deposit, which is the business day the credit union receives credit for the deposit. The effective date of receipt is shown on the periodic statement of account.

16. Transaction limitations and amendments to term share accounts.

  1. During the first seven (7) days after the date of issuance or renewal, the maturity period (term) of the Certificate may be changed and deposits to them will be permitted. The dividend rate for the amended Certificate will be the published dividend rate on the original date of issuance or renewal for the specified term and final amount. Additional deposits to Certificates are not allowed after the first seven (7) days after the date of issuance or renewal.
  2. A penalty for early withdrawal will be assessed if the deposited funds or any portion of them are withdrawn prior to the maturity date. Exceptions to these penalties shall apply only in case of death or disability of the Certificate owner. Partial withdrawals from a Certificate are not allowed if the withdrawal would lower the balance below the required minimum.
  3. Certificate dividends may be paid to the certificate balance or to another share within the account.
  4. The dividend disposition and renewal options for the Certificate may be changed at any time during its term.

17. Facsimile signatures. Any member using a Facsimile Signature authorizes and directs Alaska USA, without further inquiry and as an accommodation to the member, to honor and pay checks, drafts, and other negotiable instruments (“Instruments”) bearing or purporting to bear a facsimile signature, and to charge and debit the member account(s) for such instruments, regardless of how or by whom the actual or purported facsimile signature was affixed. The member agrees to assume full responsibility for items Alaska USA pays containing or purporting to contain a Facsimile Signature and is precluded from asserting and agrees to indemnify and hold Alaska USA harmless from any and all losses, claims, damages, liabilities, attorney’s fees, costs and expenses arising from or related to any use, misuse or unauthorized or unlawful use of a Facsimile Signature or device.

18. Unlawful Internet gambling (Regulation GG). The Unlawful Internet Gambling Enforcement Act (UIGEA), signed into law in 2006, prohibits any person engaged in the business of betting or wagering (as defined in the Act) from knowingly accepting payments in connection with the participation of another person in unlawful Internet gambling. The Department of Treasury and the Federal Reserve Board have issued a joint final rule, Regulation GG, to implement this Act. As defined in Regulation GG, unlawful Internet gambling means to “place, receive, or otherwise knowingly transmit a bet or wager by any means which involves the use, at least in part, of the Internet where such bet or wager is unlawful under any applicable Federal or State law in the State or Tribal lands in which the bet or wager is initiated, received, or otherwise made.” As a member of Alaska USA these restricted transactions are prohibited from being processed through your account or relationship with Alaska USA.

19. Restricted deposit activities. 

a. The credit union will not provide non-cash deposit services to entities routinely engaged in providing check cashing services to third parties, thus indirectly providing depository services to individuals potentially outside of the credit union’s field of membership.

b. The credit union may restrict deposits or withdrawals by any individual or business member that routinely deposits and/or withdraws in aggregate more than $150,000 in cash per calendar month.

20. Deposits to accounts. All member deposits are subject to “proof” by the credit union. This means the credit union reserves the right to review the cash, checks, or other items deposited to confirm the amount of the deposit. The credit union can correct any errors found. For example, if the member made an error in adding up the amount of their deposit, the credit union can correct member account records to reflect the actual amount deposited. The credit union can correct errors even if the credit union gave the member a receipt for the incorrect amount or already posted the incorrect amount to member’s account.

21. Holds on deposited funds (Regulation CC Expedited Funds Availability Disclosure). Generally, Alaska USA’s policy is to make funds from member deposits available on the day of deposit. Funds from electronic direct deposit and wire transfers will be available on the date Alaska USA receives payment for that deposit. A cash deposit will be available on the date of deposit, if made in person during business hours. In most cases, funds deposited by check are available to the member prior to final collection of those checks. Deposited funds are used to pay checks that have been written if funds are deposited into a checking account, or funds may be withdrawn by the member in cash. Although members may withdraw these funds, they remain responsible for any deposited check that may be returned unpaid.

a. Availability of deposited funds may be delayed. In some cases, all of the funds that are deposited by check may not be available on the day of the deposit. Depending on the type of check and the dollar amount, funds may be unavailable for up to two (2) business days after the day of the deposit. If held, the first $200 of a deposit becomes available on the first business day after the deposit is made. Additional funds up to a total of $4,800 may be released two (2) business days after the day the deposit is made. Funds placed on hold will be unavailable for withdrawal by any means until the date(s) specified, as set forth in section 21d. Availability of funds deposited at an automated teller machine (ATM) will be automatically delayed for one (1) business day; and deposited funds may be held longer, once the deposited item(s) are reviewed.

b. Determining the date of deposit. For determining the availability of deposits, every day is a business day except Saturdays, Sundays, and federal holidays. The day of deposit for deposits made in person at a branch during business hours is that business day. However, if the deposit is made at a night depository after the branch is closed or on a day that the branch is not open, the day of the deposit will be the next business day that the branch is open. Some of the credit union’s ATM depositories have established “cut-off times” (e.g., 3:00 p.m.) for business depository transactions. Deposits received at ATM business depositories prior to the cut-off time each business day will be posted to accounts as of that day. Deposits received after the cut-off time may be posted to accounts as of the next business day. Deposits received at ATM depositories on any non-business day will be posted as of the next business day.

c. Other reasons for possible delay in availability. Funds deposited by check may also be delayed for a longer period under the following circumstances:

  • Checks deposited on any one day total more than $5,000.
  • A check that had been previously returned unpaid is re-deposited.
  • An account has been overdrawn repeatedly during the last six months.
  • There is an emergency, such as failure of communications or computer equipment.
  • There is a reasonable cause to believe that the check presented for deposit will not be paid.

d. Notification of deposit hold. If all of the funds from a deposit will not be available on the day of the deposit, notification at the time the deposit is made will include a schedule of the days when the specific amounts will become available. If the deposit is not made directly to an Alaska USA employee, or if a decision is subsequently made not to make funds from that deposit immediately available, a notice will be mailed to the address of record. If members need the funds from a deposit immediately, they should ask an Alaska USA employee when the funds will be available.

e. Holds due to signature-based Visa® Check Card transactions. When a Visa Check Card transaction has been approved and signed at a merchant location, Alaska USA will withhold the availability of the corresponding amount of funds on deposit in the checking account to cover that transaction. This hold will remain in place until the transaction is posted to the checking account, generally within three business days. Transactions requiring a Personal Identification Number (PIN) normally post immediately.

f. Endorsement standards. The Federal Reserve has established standards for endorsements on the back of checks. Payee endorsements must be restricted to the 1.5-inch area on the back of the check beginning at the trailing edge. (The trailing edge is the left end when viewing the check from the front.) All other areas on the back of the check are reserved for financial institution endorsements. If the person presenting the check or any prior endorser writes on or imprints information in the areas reserved for financial institutions, a financial institution’s endorsement may be obscured and could result in a late return of the check if it is not paid. The member is responsible for any loss incurred by them or Alaska USA due to such a late return. Additionally, the member will be responsible for any late returns caused by preprinted information or carbon bands that may appear on the backs of checks that are negotiated by the member.

22. Abandonded accounts. If no activity occurs on your account within the time period specified by state law, your property may be transferred to the appropriate state. “State” refers to the current address listed on the account. If the address is not in Alaska, Washington, or California, “state” will be defined as Alaska.

23. Substitute checks. To make check processing faster, federal law permits financial institutions to replace original checks with “substitute checks.” These checks are similar in size to original checks with a slightly reduced image of the front and back of the original check. The front of a substitute check states: “This is a legal copy of your check. You can use it the same way you would use the original check.” A substitute check may be used as proof of payment just like the original check. Some or all of the checks received back from Alaska USA may be substitute checks (for example, a check deposited to your account that is returned unpaid may be returned as a substitute check).

Members may deposit physical checks or redeposit a second time original substitute checks that have been returned unpaid. Any other form of check deposit must be mutually agreed upon in advance under a separate account agreement.

24. Overdraft protection for checking accounts. Overdraft protection is available only when an Agreement to Provide Overdraft Protection has been executed. If for any reason Alaska USA cancels a credit line loan, overdraft protection from this source will cease without prior notice.

25. Maturity or renewal of term share accounts. Term share accounts (Certificates) will mature at the maturity date set forth in the Comparative Summary of Share Accounts or the maturity date set forth in the Certificate Receipt or Maturity Notice. Certificates are eligible for automatic renewal. A Certificate designated for automatic renewal will be extended for successive periods equal to the original term and at the prevailing dividend payment frequency, dividend rate, and APY being paid by Alaska USA as of the renewal date on Certificates with the same term and minimum balance, unless otherwise specified by the owner prior to maturity. Certificates not specified to automatically renew at maturity by the owner prior to the maturity date shall be disbursed as instructed by the owner. Funds disbursed from a matured Certificate, if deposited into another account of the Certificate owner, are subject to the terms and conditions of that account.

25. Early withdrawal penalty: Certificates.

  1. Pursuant to Federal Regulations, a minimum early withdrawal penalty of seven (7) days’ dividends will be assessed on amounts withdrawn within the first six (6) days after the date of issuance of a new Certificate and on any partial withdrawals made prior to the date of maturity. Application of this penalty may result in the forfeiture of some principal, as well as dividends.
  2. If the maturity period (term) of the Certificate is 90 days or less, the Certificate owner shall forfeit an amount equal to the lesser of:
    1. 30 days of dividends on the amount withdrawn,
      or
    2. all dividends on the amount withdrawn since the date of issuance or renewal.
  3. If the maturity period (term) of the Certificate is 91 days to one year, the Certificate owner shall forfeit an amount equal to the lesser of:
    1. 90 days of dividends on the amount withdrawn,
      or
    2. all dividends on the amount withdrawn since the date of issuance or renewal.
  4. If the maturity period (term) of the Certificate is greater than one year, the Certificate owner shall forfeit an amount equal to the lesser of:
    1. 180 days of dividends on the amount withdrawn,
      or
    2. all dividends on the amount withdrawn since the date of issuance or renewal
  5. In the event an early withdrawal lowers the Certificate balance below the required minimum, the Certificate must be canceled or closed, and the forfeiture amount will be calculated using the full balance of the Certificate.
  6. The Early Withdrawal Penalty applies to all renewals of existing Certificates as if they were new deposits, except during the first ten (10) calendar days after renewal. There is a grace period of ten (10) calendar days after the renewal to withdraw part or all of the funds without being charged an early withdrawal penalty.
  7. Exceptions to the penalties shall apply only in case of death or disability of the Certificate owner.

27. Notification of unauthorized or erroneous transactions for business accounts. The error resolution and liability provisions applicable to consumer accounts in this disclosure, on the back of the credit union’s periodic statements or with any other documents the member may receive from the credit union, may not apply to non-consumer accounts (“Business Accounts”). Business Account owners must notify the credit union immediately if the member discovers any unauthorized ACH transaction or error. The credit union must receive notice of any unauthorized or erroneous ACH transaction within 24 hours from the effective date of the ACH transaction. Under National Automated Clearing House Association rules, if the member does not notify the credit union within this timeframe, the member will be deemed to have authorized the ACH transaction. The credit union may additionally require an affidavit regarding the problem in a form satisfactory to Alaska USA. Alaska USA will tell the member the results of the credit union’s investigation of the member’s claim, the basis for the credit union’s decision and will advise the member of the action, if any, the credit union will take.

Schedule of Share Account Services Fees and Charges

Account maintenance:

The following fees will not be assessed if the indicated minimum balance or other account conditions are met.

Business Checking: If daily balance falls below $1000 during the calendar month
- Minimum daily balance fee is waived for noprofit organizations and associations
$5.00 per month
Money Market: If daily balance falls below $50.00 during the calendar month $5.00 per month
Savings: If daily balance falls below $50.00 during the calendar quarter
- Minimum daily balance requirement to avoid fee is waived if another open share or loan with a balance is associated with the account number.
$5.00 per quarter
Activity:

The following fees will be assessed if the indicated levels of transaction activity are met.

Business Account: Per item fee for total checks deposited to any share account and/or paid from a Business Checking:
- First 100 checks per calendar month
- 101 to 500 per calendar month
- Over 500 per calendar month


NC
$0.10 per item over 100
$0.08 per item over 500
Cashier Services:

Fees charged by Alaska USA - other financial institutions may assess additional fees for collection items.

Bank wire:
 Domestic
 Foreign

$20.00 per wire
$35.00 per wire
Cash services for coin:
- First $200.00 per calendar month
- Over $200.00 per calendar month:
   Disbursed
   Received

NC
 
$.08 per roll per month
4% of amount per month
Cash services for currency: ATM withdrawals exempt.
- First $10,000.00 per calendar month
- Over $10,000.00 per calendar month:
   Disbursed
   Received

NC
 
$1.00 per $1,000.00 per month
$.10 per $1,000.00 per month
Cashier's check: $2.00 per item
Check delivery:
Interbranch
Other locations

$5.00 per item
$15.00 per item
Collection item:
 Incoming check
 Outgoing / Domestic
 Outgoing / Foreign

$5.00 per item
$5.00 per item
$15.00 per item
Deposit correction: $2.00 per item
Checking account services:
Overdraft protection:
- Transfer from a Share or Premium Savings, or a Money, Super or Jumbo Money Market
- Transfer from a Credit Line in excess of three (3) per calendar month

$5.00 per transfer
 
$5.00 per transfer
Special item processing: Fee may be charged if member fails to take corrective action following Special Item Processing notifications $2.00 per item
Stop payment: Per request of one or more items. $15.00 per request*
Other:
Bulk coin deposited or exchanged at coin machine: On total dollar amount processed 3%
Levy/garnishment: Includes Assessment or Notice to Withhold and Deliver $50.00 per item
Mail:
- Express
- Priority

$15.00 per item
$5.00 per item
Membership: Assessed when accepted as a member of Alaska USA $5.00 per member
Photocopy: Copy unrelated to credit union business $ 0.25 per item
Research services:
Account audit: per hour with a one (1) hour minimum charge $15.00 per hour
Copy:
- First five (5) check copies per account statement period are free; subsequent copies
- Document examples include producing a copy of a prior statement of account*, printing an interim statement of account*; or producing other document copies, such as a deposited item or deposit ticket

$1.00 per item*
 
$3.00 per copy
Special handling:
NSF: Check or other debit returned unpaid for lack of sufficient funds and/or a check or other debit presented and paid against insufficient funds. $20.00 per item
NSF ACH bill payment: additional CheckFree® charge for ACH bill payment returned for lack of sufficient funds. $20.00 per item
Returned item:
- Member-negotiated, unpaid item issued by member
- Member-negotiated, unpaid item issued by another party

$15.00 per item
$5.00 per item
UltraBranch® Business Edition:
ACH maintenance: $25.00 each month ACH is used
ACH returned item: $5.00 per item
ACH transaction:
- First 100 per calendar month
- Over 100 per calendar month

NC
$0.05 per item over 100
Bill Pay: Per calendar month $5.95 unlimited items
Remote business deposit: $75.00 per month
per scanning device
Domestic bank wire: $10.00 per wire

Please see Alaska USA's Schedule of Service Fees for loan and other fees and charges, as well as the share account fees listed above.

* Fee not assessed for transactions through UltraBranch (Account access by Internet, phone, and Self-Service Terminal).

The Alaska USA Privacy Pledge

Alaska USA will never sell its member list or nonpublic personal information to any third party.

What nonpublic personal information does Alaska USA collect about its members?

  • Information received from members on applications or other forms.
  • Information about member transactions with Alaska USA, its affiliates, or others.
  • Information received from credit reporting agencies.
  • Information obtained when verifying information provided by members on applications or other forms, such as from current or past employers, other financial institutions where members conduct financial transactions, and other sources listed on applications.

Employee access to information
The only Alaska USA employees who have access to nonpublic personal member information are those employees who need that information in order to administer member accounts and transactions. Alaska USA maintains physical, electronic, and procedural safeguards that comply with federal regulations to guard nonpublic personal information about members.

Disclosure of information
Alaska USA may disclose all of the information it collects, as previously described:

  • to subsidiaries, affiliates, and other companies that perform marketing or member services on its behalf;
  • to other financial institutions with whom it has marketing or member service agreements;
  • as otherwise permitted or required by law.

These subsidiaries, affiliates, and companies that assist Alaska USA in providing services to members will be given only the information they need in order to provide the service, and must agree to protect confidential member information.

Alaska USA will never sell its member list or nonpublic personal information to any third party. If membership is terminated, Alaska USA will not share member information, except as permitted or required by law.

About Alaska USA
Alaska USA is a member-owned, not-for-profit financial cooperative. Its volunteer board is elected from and by the membership. Alaska USA is committed to protecting your financial privacy. If you have any questions, please contact the Member Service Center.

Alaska USA Federal Credit Union
P.O. Box 196613
Anchorage, AK 99519-6613

In Anchorage: (907) 563-4567
Outside Anchorage: (800) 525-9094
TTY/Hearing Impaired: (800) 742-7084
6 am – 10 pm Alaska Time
7 am – 11 pm Pacific Time
7 days a week

This privacy notice is required by law to explain how Alaska USA collects, uses, and safeguards your personal financial information.

AKUSA 02454-D R 04/14