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Overview / Commentary
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 2,540th largest credit union in the nation. It was established in 1960 and as of March of 2014, it had grown to 14 employees and 3,059 members. Alps Credit Union has a B health rating.

Field of Membership Restrictions

Must live, worship, work in or attend school in southeast Alaska – from the City and Borough of Yakutat all the way down the Alaska panhandle. - See Details

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Data for Q1 2014

Institution Health

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


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Alps Credit Union had $731,000 in non-current loans and owned real-estate with $5.65 million in equity and loan loss allowances on hand to cover it. This gives Alps Credit Union a Texas Ratio of 12.94% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Alps Credit Union increased slightly from 6.61% as of March 31, 2013 to 12.94% as of March 31, 2014, resulting in a negative change of 95.80%. This indicates that the balance sheet and financial strength for Alps Credit Union has declined slightly in recent periods.

Deposit Growth


In the past year, Alps Credit Union has increased its total deposits by $1.65 million, resulting in 4.81% 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 excellent.



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 $41.63 million in assets with $5.65 million in equity, resulting in a capitalization level of 13.57%, which is excellent.

Institution Statistics

NCUA #13865
Year Chartered1960
Primary Regulator
Assets and Liabilities
Assets$41.63 million
Loans$23.45 million
Deposits$35.98 million
Equity Capital$5.41 million
Loan Loss Allowance$244,000
Unbacked Noncurrent Loans$302,000
Real Estate Owned$429,000
Historic Data - March 2013
Assets$40.26 million
Equity Capital$5.61 million
Loan Loss Allowance$294,000
Unbacked Noncurrent Loans$302,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.56%
Return on Assets-0.58%
Return on Equity-4.44%
Interest Income$452,000

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Alps Credit Union Savings Account Rates

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

0.33%$100k-Money Market

Alps Credit Union Checking Account Rates

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

Alps Credit Union CD Rates

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

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