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Overview / Commentary
907-257-7200
440 E 36th Ave
Anchorage, AK 99503

Denali Alaskan Credit Union is headquartered in Anchorage and is the 3rd largest credit union in the state of Alaska. It is also the 408th largest credit union in the nation. It was established in 1948 and as of December of 2013, it had grown to 320 employees and 58,892 members. Denali Alaskan Credit Union has a A health rating.

Field of Membership Restrictions

Must be a member or employee of any of their Selected Employer Group (SEG) - See Details

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Health

Data for Q4 2013

Institution Health

A

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 Denali Alaskan Credit Union had $3.58 million in non-current loans and owned real-estate with $49.76 million in equity and loan loss allowances on hand to cover it. This gives Denali Alaskan Credit Union a Texas Ratio of 7.19% 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 Denali Alaskan Credit Union experienced no significant changes from 5.09% as of December 31, 2012 to 7.19% as of December 31, 2013, resulting in a negative change of 41.12%. This indicates that the balance sheet and financial strength for Denali Alaskan Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Denali Alaskan Credit Union has increased its total deposits by $16.75 million, resulting in 3.77% 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 Denali Alaskan Credit Union has shown is excellent.

Capitalization

GRADE:
C+

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. Denali Alaskan Credit Union has $530.58 million in assets with $49.76 million in equity, resulting in a capitalization level of 9.38%, which is average.

Institution Statistics

Overall
NCUA #5912
Year Chartered1948
Employees320
Primary Regulator
Assets and Liabilities
Assets$530.58 million
Loans$471.94 million
Deposits$461.45 million
Equity Capital$44.98 million
Loan Loss Allowance$4.78 million
Unbacked Noncurrent Loans$3.58 million
Real Estate Owned$0
Historic Data - December 2012
Assets$510.39 million
Equity Capital$43.07 million
Loan Loss Allowance$3.65 million
Unbacked Noncurrent Loans$3.58 million
Real Estate Owned$210,000
Profit Margin - Quarterly
Net Interest Margin5.25%
Return on Assets0.42%
Return on Equity4.94%
Interest Income$26.56 million
Rates

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Denali Alaskan Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.20%$2,500-Basic Savings Account
0.20%$2,500-Target Savings TM Club Account
0.20%$2,500-Kids Prospector Club Account
0.20%$2,500-Teen Power Account ™
0.20%$100-Traditional IRA Savings
0.20%$100-Roth IRA Savings
0.20%$100-Roth Conversion IRA

Denali Alaskan Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.30%$50k-Money Market Savings Account

Denali Alaskan Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.05%$1k-Advantage Checking Account
0.05%$1k-Advantage Plus Checking Account
0.05%$1k-Advantage Legacy Checking Account
0.05%$1k-Advantage Legacy Plus Checking Account
0.05%$1,500-Checking Plus Account

Denali Alaskan Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.00%--30 Month Certificate
0.85%--24 Month Certificate
0.70%--18 Month Certificate
0.55%--12 Month Certificate
0.35%--6 Month Certificate

Denali Alaskan Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.00%--36 Month IRA Certificate (Traditional,Roth)
0.85%--24 Month IRA Certificate (Traditional,Roth)
0.55%--12 Month IRA Certificate (Traditional,Roth)
Locations

Denali Alaskan Credit Union has 21 locations. Click to view all Denali Alaskan Credit Union locations.