ANCHORAGE, Alaska – Alaska USA Trust Company, a wholly-owned subsidiary of Alaska USA FCU, was authorized by the Federal Home Loan Bank of Seattle to provide document custody services to credit unions that participate in the Seattle FHLB's Mortgage Purchase Program. The Seattle FHLB's Mortgage Purchase Program provides an alternative secondary mortgage market for member financial institutions or eligible non-members of the FHLB who are approved to underwrite mortgage loans under FHLB guidelines. Alaska USA Trust will review collateral for eligibility under FHLB guidelines and provide initial and final certifications, document safekeeping, and collateral release. Alaska USA FCU has over $1.5 billion in assets.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
