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Overview / Commentary
888-747-6261
401 Halibut Point Rd
Sitka, AK 99835

Alps Credit Union is headquartered in Sitka and is the 10st largest credit union in the state of Alaska. It is also the 2,501st largest credit union in the nation. It was established in 1960 and as of December of 2013, it had grown to 13 employees and 3,119 members. Alps Credit Union has a B health rating.

Field of Membership Restrictions

Must live, worship, work in or attend school in the City of Sitka, its Borough or Port Alexander. - See Details

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Health

Data for Q4 2013

Institution Health

B
Additional Factors: Institutions with a small asset base or a short operating history can represent an instability risk beyond what their financial ratios indicate. Alps Credit Union has a low asset base.

Texas Ratio

GRADE:
A

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 December 31, 2013 Alps Credit Union had $473,000 in non-current loans and owned real-estate with $5.7 million in equity and loan loss allowances on hand to cover it. This gives Alps Credit Union a Texas Ratio of 8.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C-

The Texas Ratio for Alps Credit Union increased slightly from 3.11% as of December 31, 2012 to 8.30% as of December 31, 2013, resulting in a negative change of 167.20%. This indicates that the balance sheet and financial strength for Alps Credit Union has declined slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Alps Credit Union has increased its total deposits by $815,000, resulting in 2.31% 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 Alps Credit Union has shown is above average.

Capitalization

GRADE:
A+

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. Alps Credit Union has $41.75 million in assets with $5.7 million in equity, resulting in a capitalization level of 13.64%, which is excellent.

Institution Statistics

Overall
NCUA #13865
Year Chartered1960
Employees13
Primary Regulator
Assets and Liabilities
Assets$41.75 million
Loans$23.59 million
Deposits$36.10 million
Equity Capital$5.44 million
Loan Loss Allowance$260,000
Unbacked Noncurrent Loans$473,000
Real Estate Owned$0
Historic Data - December 2012
Assets$41.21 million
Equity Capital$5.68 million
Loan Loss Allowance$306,000
Unbacked Noncurrent Loans$473,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin6.6%
Return on Assets-0.05%
Return on Equity-0.35%
Interest Income$1.81 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Alps Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Alps Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%--IRA Shares
0.15%--Share Savings Account
0.15%--Club Account
0.15%--Christmas Club
0.15%--Teens Club
0.15%--Kids Club

Alps Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.33%$100k-Money Market

Alps Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%--Advantage Draft
0.08%--Interest Draft

Alps Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.79%$100k-60 Month Share Certificate
1.59%$100k-48 Month Share Certificate
1.35%$100k-36 Month Share Certificate
1.10%$200k-24 Month Share Certificate
0.85%$100k-18 Month Share Certificate
0.65%$100k-12 Month Share Certificate
0.32%$500-9 Month Share Certificate
0.26%$75k-6 Month Share Certificate
0.25%$100k-3 Month Share Certificate
Locations


Alps Credit Union Locations
Branch Office401 Halibut Point RdSitka, AK 99835-7301