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.

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