Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ANCHORAGE, Alaska – Nearly six years after opening for business, Alaska USA Trust Company has surpassed the $3 billion in assets under administration mark. Alaska USA Trust, a wholly-owned subsidiary of Alaska USA Federal Credit Union, received its Certificate of Authority to transact trust business from the State of Alaska, Department of Community and Economic Development, Division of Banking, Securities, and Corporations on July 14, 1997. The trust company currently serves more than 450 individual investors and 300 institutional investors. “Institutional and individual investors depend on Alaska USA Trust Company for a variety of investment, custody and trustee services,” said Bill Eckhardt, president of Alaska USA Trust. “With over $3 billion in assets under administration, it’s clear that the Trust Company provides investors with comprehensive services and real value.” In May, the trust company received authorization from the Federal Home Loan Bank (FHLB) of Seattle to provide document custody services to credit unions participating in the Seattle’s FHLB’s Mortgage Purchase Program. The company reviews collateral for eligibility under FHLB guidelines, and provides initial and final certifications, document safekeeping and collateral release. In addition to the trust company, Alaska USA Mortgage Company and Alaska USA Insurance Agency are the credit union’s two other subsidiaries. The credit union serves 253,000 members and has $2.2 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:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.