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2.5 star rating based on 5 reviews.

Alaska USA Credit Union

Alaska USA Credit Union Locations
4000 Credit Union Dr
Anchorage, AK 99503
907-563-4567
www.alaskausa.org



Alaska USA Credit Union is headquartered in Anchorage and is the largest credit union in the state of Alaska. It is also the 17st largest credit union in the nation. It was established in 1948 and as of September of 2011, it had grown to 1,376 employees and 433,492 members. Alaska USA Credit Union's money market rates are 14% higher than the national average, and it has a 3-star health rating.

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Competitive CD Rates at Alaska USA Credit Union in AK, WA & CA - Local Only - 3/2/2010

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2007




See Rates for: Checking | Savings | Money Market | CD | IRA

Alaska USA Credit Union Checking Account Rates

ApyMinMaxProduct
0.20%$100k-Business Checking
0.10%$1k-Investor Checking

Alaska USA Credit Union Savings Account Rates

ApyMinMaxProduct
0.35%$10k-Premium Savings
0.35%$50-IRA
0.35%$50-Roth IRA
0.35%$10k-Business Premium Savings
0.20%$50-Share Savings
0.20%$100k-Health Savings Account
0.20%$50-Business Share Savings

Alaska USA Credit Union Money Market Rates

ApyMinMaxProduct
0.50%$100k-Jumbo Money Market
0.50%$100k-Business Jumbo Money Market
0.40%$25k-Super Money Market
0.40%$25k-Business Super Money Market
0.25%$2,500-Money Market
0.25%$2,500-Business Money Market

Alaska USA Credit Union CD Rates

ApyMinMaxProduct
2.35%$100k-60 Month Certificate
2.15%$100k-60 Month Business Certificate
2.01%$100k-48 - 59 Month Certificate
1.80%$100k-48 - 59 Month Business Certificate
1.65%$100k-36 - 47 Month Certificate
1.45%$100k-36 - 47 Month Business Certificate
1.30%$100k-24 - 35 Month Certificate
1.10%$100k-24 - 35 Month Business Certificate
1.05%$100k-18 - 23 Month Certificate
0.90%$100k-12 - 17 Month Certificate
0.85%$100k-18 - 23 Month Business Certificate
0.70%$100k-12 - 17 Month Business Certificate
0.50%$1k-9 - 11 Month Certificate
0.50%$1k-9 - 11 Month Business Certificate
0.40%$10k-6 - 8 Month Certificate
0.40%$10k-6 - 8 Month Business Certificate
0.30%$10k-3 - 5 Month Certificate
0.30%$10k-3 - 5 Month Business Certificate
0.20%$1k-1 - 2 Month Certificate
0.20%$100k-2 Week Certificate
0.20%$100k-2 Week Business Certificate
0.20%$1k-1 - 2 Month Business Certificate

Alaska USA Credit Union IRA Rates

ApyMinMaxProduct
2.36%$100k-60 Month Tax-Deferred IRA Certificate
2.36%$100k-60 Month Tax-Deferred Roth IRA Certificate
2.00%$100k-48 - 59 Month Tax-Deferred IRA Certificate
2.00%$100k-48 - 59 Month Tax-Deferred Roth IRA Certificate
1.65%$100k-36 - 47 Month Tax-Deferred IRA Certificate
1.65%$100k-36 - 47 Month Tax-Deferred Roth IRA Certificate
1.30%$100k-24 - 35 Month Tax-Deferred IRA Certificate
1.30%$100k-24 - 35 Month Tax-Deferred Roth IRA Certificate
1.06%$100k-18 - 23 Month Tax-Deferred IRA Certificate
1.06%$100k-18 - 23 Month Tax-Deferred Roth IRA Certificate
0.90%$100k-12 - 17 Month Tax-Deferred IRA Certificate
0.90%$100k-12 - 17 Month Tax-Deferred Roth IRA Certificate
0.50%$1k-9 - 11 Month Tax-Deferred IRA Certificate
0.50%$1k-9 - 11 Month Tax-Deferred Roth IRA Certificate
0.40%$1k-6 - 8 Month Tax-Deferred IRA Certificate
0.40%$1k-6 - 8 Month Tax-Deferred Roth IRA Certificate
0.30%$1k-3 - 5 Month Tax-Deferred IRA Certificate
0.30%$1k-3 - 5 Month Tax-Deferred Roth IRA Certificate
0.20%$1k-1 - 2 Month Tax-Deferred IRA Certificate
0.20%$1k-1 - 2 Month Tax-Deferred Roth IRA Certificate

Rates updated: 2/10/2012

Data for Q3 2011


Institution Statistics


ALASKA USA
NCUA #5913
BankRate ReportView
Year Established1948
Employees1376
Primary Regulator

Assets and Liabilities

Assets$4.44 billion
Loans$3.06 billion
Deposits$4.14 billion
Equity Capital$225.35 million
Loan Loss Allowance$47.12 million
Unbacked Noncurrent Loans$32.97 million
Real Estate Owned$9.04 million

Historic Data - September 2010

Assets$4.17 billion
Equity Capital$222.03 million
Loan Loss Allowance$50.08 million
Unbacked Noncurrent Loans$30.84 million
Real Estate Owned$8.78 million

Profit Margin - Quarterly

Net Interest Margin4.23%
Return on Assets0.66%
Return on Equity13.05%
Interest Income$154.76 million
Non-Interest Income$70.71 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio3
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Alaska USA Credit Union had $42 million in non-current loans and owned real-estate with $272.47 million in equity and loan loss allowances on hand to cover it. This gives Alaska USA Credit Union a Texas Ratio of 15.42% which is average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Alaska USA Credit Union held steady from 14.56% as of September 30, 2010 to 15.42% as of September 30, 2011, resulting in a negative change of 5.88%. This indicates that the balance sheet and financial strength for Alaska USA Credit Union has held steady in recent periods.
Deposit Growth5
In the past year, Alaska USA Credit Union has increased its total deposits by $257.17 million, resulting in 6.62% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Alaska USA Credit Union has shown is excellent.
Capitalization2
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Alaska USA Credit Union has $4.44 billion in assets with $272.47 million in equity, resulting in a capitalization level of 6.13%, which is below average.
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Open To Residents Of San Bernardino County
4 stars - cactus - Thursday, May 5, 2011 - 11:49 PM

Per phone agent, open to residents of San Bernardino County.

5

Poorly Managed
1 stars - tkvx89 - Wednesday, January 4, 2012 - 5:12 AM

I tried to open and account at two different branches (Victorville and Apple Valley), only to walk out of both of them.  This place has no one there to open a new account.  First I went to the Victorville office, which had a line of 15 to 20 people (it's a small branch) with only what looked like 2 tellers.  No one to talk to, to open an account.  

So, I thougth the larger branch in Apple Valley would be better. Boy was I wrong.  The line was at least 30, if not 40 people long, with it looked like again, only 2 tellers.  This branch has a kios to talk to someone, so I entered my information.  I was helped in about 5 minutes, so no ocmplaints there.  Except, I was instructed to go stand in line to talk to a teller to open an account.  I told her that I wasn't interested in standing in line for 40+ minutes just to open an account.  Especially, when I can open an account anywhere else and they have someone to handle new accounts (since, it's true).

She even admitted, that they where short tellers.  This is a poorly managed credit union and the first one I've ever been to that does not have someone for handling accounts.  Alaska needs to temporarily increase there staff (even banks know this) to hanlde the days you where closed after a major holiday.

Mind you that I'm not a fan of banks at all (epsecially, since they received bail-out money). but I went to 3 other banks that day.  All of them had at least 4 tellers, a line of no more then 5 people and at least one person to talk to for handling accounts.

4

TERRIBLE!!!!!YOU're BETTER OFF WITH USAA!!!
1 stars - SROSARIO2010 - Wednesday, January 18, 2012 - 6:37 PM

As Military my husband and I were really excited to be receiving such a low APR on our car loan only to find out in the long run, they are NOT Military friendly! Although it is easy to make a one-time payment online, there are a million steps to actually use their online banking! They don't understand what BEING DEPLOYED MEANS and will not recognize nor honor the SPECIAL POWER OF ATTORNEY I gave to my sister so she could pay the auto loan, as getting online to do this myself is not a luxury I have!

Then I needed to add my husband to the account so he can make payments too and we sent in all of the paper work and nothing ever happened! I called several times to follow up and they received the paper work but he was never added to the account. They insured me that I could do the same with my sister but then what was the point of a special power of attorney?!? If they could not honor it the first time what makes them think I have enough faith to waste my time to give it a second shot? FOOLS!

Online banking, oooooo I get a checking and saving account just for having an auto loan - IT IS NOT WORTH IT! The Lower APR is NOT WORTH IT, I should have gone to USAA and when I go home on leave I am refinancing to GET AS FAR AWAY AS POSSIBLE from this worthless institution! GO USAA, they will do ANYTHING to accommodate your needs, ESPECIALLY IF YOU ARE A SERVICE MEMBER!

 

2

Pam H. Ida L. In Special Credits Were Rude, Uncompromising, Disrespectful, And Engage In Improper Conduct.
1 stars - dophelan - Monday, July 25, 2011 - 11:40 AM

Overall, Alaska USA has excellent customer service and I had an account there for over 10 years and was always impressed, but what Special Credits did with respect to the sale of my used car was outrageously wrongful and they should be ashamed of themselves; they interferred with my sale and caused me to lose a substantial amount of money, they actually communicated with the purchaser of the vehicle and the net result was that I received less than I could have. In addition, they would not give me an additional week to sell it and were threatening and generally nasty and rude. These types of actions caused me to close my accounts. I would not advise anyone to get a vehicle loan or other loan at Alaska USA FCU. Shop around!

2

Amazing Service
5 stars - akpeach - Sunday, April 10, 2011 - 7:31 PM

My credit union, Alaska USA, has amazing service. Recently we had an issue with someone making a fake copy of our card and attempting to use it. Before we even knew there was a problem they had called us to inform us. They walked us through the steps to recover our money. This made me very grateful to them for their fast methods in identifying wrongful use. Alaska USA also has fantastic hours. They have many branches and most are open on Saturday. They even have some open on Sunday. This is extremely helpful when we're trying to deal with things on a weekend. Alaska USA has been a great credit union to us, meeting our needs for checking, savings as well as car loans and other loans. They have great rates. Their online banking option is also extremely beneficial to me. I pay almost all our bills that way as well as my loans through them are easy to pay with transferring the money. I really appreciate having a wonderful credit union in Alaska USA.

1