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Alaska USA Credit Union Small Business Loans

If you are looking for a loan to expand your small business or begin a new one, if you reside in Alaska, Washington state, or parts of California or Arizona, Alaska USA Federal Credit Union may be the option to consider.

Founded in 1948, originally chartered as the Alaskan Air Depot Federal Credit Union, Alaska USA was established to provide military personnel and federal employees who were stationed in Alaska before it officially became a state.

Rachel Dayan Founded in 1948, originally chartered as the Alaskan Air Depot Federal Credit Union, Alaska USA was established to provide military personnel and federal employees who were stationed in Alaska before it officially became a state.
Rachel Dayan
August 2, 2022

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Do you own and operate an established business and you want to expand to your operations? Are you looking to get your first business up and running? Either way, whatever your plans may be, if you’re in need of financing and you reside in Alaska, Washington state, or parts of California or Arizona, a business loan with Alaska USA Federal Credit Union may be an option to consider. 

Founded in 1948 by just 15 volunteers and originally chartered as the Alaskan Air Depot Federal Credit Union, Alaska USA was established to provide military personnel and federal employees who were stationed in Alaska before it officially became a state. The popularity of the financial institution took off, and by 1974, membership had grown to more than 20,000 employees of the companies that serviced the Trans-Alaska Pipeline System. At the same time, the credit union was granted congressional authority to provide financial services to 10 Alaska Native Regional Corporations via the Alaska Native Claims Settlement Act. In an effort to reflect its growth, in 1975, Alaskan Air Depot Federal Credit Union officially changed its name to Alaska USA Federal Credit Union. 

In 1983, the institution merged with Whidbey Federal Credit Union, which was situated in Oak Harbor, Alaska, which marked its entry to the Pacific Northwest market. In 2010, Alaska USA acquired a statewide community charge in Washington state after it successfully merged with two other credit unions that were based in Seattle. 

The credit union further expanded in 2009, when it acquired the High Desert Federal Credit Union in Apple Valley, California, which marked their entry to the San Bernardino County market. Alaska USAs growth continued with the subsequent acquisition of Arrowhead Credit Union and their Barstow, Big Bear, Hesperia, and Victorville, California branches in 2010. 

In 2014, Alaska USA Federal Credit Union opened its first branch in the state of Arizona, in the city of Glendale. Soon after, in 2015, the financial institution was authorized by the National Credit Union Administration (NCUA) to qualify members in parts of Maricopa County that were underserved. With the acquisition of seven branches of TCF Bank in 2020, the credit union expanded further in the state of Arizona. 

Alaska USA Federal Credit Union’s headquarters are located in Anchorage, Alaska, and it is chartered and regulated under the NCUA. Today, this member-owned, not-for-profit financial cooperative has more than 100 branch offices and service locations throughout the locations it services, including Alaska, Washington State, Maricopa County in Arizona and San Bernardino County in California. Currently, Alaska USA services an estimated 714,000 members and manages approximately $8.3 billion in assets. 

Alaska USA Federal Credit Union is the state of Alaska’s leading provider of consumer financial services, including a wide range of business and personal loan products, credit cards, and of course, checking and savings accounts, as well as certificate and money market accounts. They’re also acclaimed for providing outstanding customer support services, which are easy to access and are available 24 hours a day, 7 days a week. Banking with the credit union is easy, as it can be done in-person at one of the more than 100 branch offices and service locations, or via online or mobile account management. 

In addition to offering a wide range of financial products and services, Alaska USA Credit Union also owns and operates Alaska USA Insurance Brokers, which is situated in Alaska and Washington State, as well as Alaska USA Mortgage Company in Alaska, California, and Washington State. 

“Alaska USA Credit Union has more than 70 years of experience, establishing itself as a reputable financial institution”

What does Alaska USA Credit Union Offer? 

A Wide Range of Business Loans

Qualified members of Alaska USA Credit Union can apply for the wide variety of commercial loan products that the financial institution offers. Options include the following: 

Flexible Borrowing Capacity

Alaska USA Credit Union offers flexible borrowing capacity with their business loans. The amount you can borrow depends on several factors, including the type of financing that you are seeking, as well as your eligibility requirements. To illustrate, for cash, equipment, and securities loans, you can borrow $2,500 or more, for commercial real estate loans, you can secure $50,000 or more, with unsecured loans, the credit union lends between $2,500 and $100,000, and for business lines of credit, you can receive a credit line that ranges between $2,500 and $250,000. 

Customized Loan Products

The business loans that Alaska USA Credit Union finances are customized to meet the unique needs of each individual business. After taking key points of interest into consideration that pertain to your credit, the financial institution will work with you to design a customized loan that will provide the funding and the flexibility you require in regard to interest rates, terms, and other important conditions. 

A Variety of Financial Programs

At Alaska USA Credit Union, members can take advantage of the numerous programs that the institution provides. This includes: 

Loan protection

Insurance Products

Access to Personal Products and Services

In addition to being able to apply for business loans with Alaska USA Credit Union, members can also take advantage of the personal financial products that the institution provides. This includes personal checking and savings accounts, as well as personal loans and retirement accounts. 

Excellent Service, Value, and Convenience

Alaska USA Credit Union has more than 70 years of experience, and in the time they have been operational, the credit union has established itself as a reputable financial institution. There are more than 67 branches located throughout the states of Alaska, Arizona, Western Washington State, and the High Desert region of California. 

If you have questions, concerns, or comments, or you require assistance of any kind, Alaska USA Credit Union has a member service center, which provides live, in-person support 24 hours a day, 7 days a week. You can also utilize their UltraBranch and Alaska USA app, which can also be accessed 24 hours a day, 7 days a week. Online bill pay is available, too, which you can use to view, manage, and pay your bills, transfer funds, and a lot more. Plus, once you become a member, you and your family will be able to take advantage of life-long membership, because once you’re a member, you are always a member, and your membership qualifies your family for membership, too. 

“ Alaska USA Credit Union offers a variety of credit line options to meet the unique needs of business owners”

What Type of Business Loans does Alaska USA Credit Union Offer? 

Whether you need to purchase a new commercial property or make improvements to an existing property, you need to buy new equipment, or you just want the security of a line of credit, Alaska USA Federal Credit Union offers affordable and flexible financing solutions for business owners. The financial institution offers a variety of business loan products for qualified applicants. Options include the following: 

Term Loans

If you need some spare cash during the off-season, you’d like to expand your operation by investing in a new location, or you need to purchase new equipment to power your business, a term loan from Alaska USA Credit Union can provide the financing you require. There are two options available, including secured and unsecured loans. Business and commercial loans can be secured with cash, inventory, equipment, securities, or real estate. 

Financing options include the following: 

Terms for secured and unsecured loans vary according to the type of loan. Options include the following: 

The details of secured and unsecured terms are as follows:

Lines of Credit

Business owners can get cash when they need it with a business line of credit from Alaska USA Federal Credit Union. Lines of credit are loans that provide you with the ability to draw money when you need it, up to the approved credit limit. They are specially designed to meet short-term working capital needs. 

You can use the funds provided by a business line of credit in a variety of ways. Examples include the following: 

It’s important to note that business lines of credit should not be used to fund fixed asset acquisitions, like real estate, equipment, and leasehold improvements. Additionally, they aren’t appropriate for other expenses that only allow repayment to occur over a long period of time. 

 Alaska USA Credit Union offers a variety of credit line options to meet the unique needs of business owners. Options include: 

The details of a credit line with Alaska USA are as follows: 

Overdraft Credit Line 

In the event that you overdraw your business checking account, a Business Overdraft Credit Line will provide you with the financial protection you need. The funds that are needed will be transferred from your Business Overdraft Credit Line if it’s ever needed. 

A Business Overdraft Credit Line offers the following benefits: 

Business Overdraft Credit Lines are different from other types of overdraft protection. These differences include the following: 

The details of a Business Overdraft Credit Line from Alaska USA Credit Union are as follows: 

SBA Loans

Alaska USA Credit Union also issues loans that are funded via the US federal government through the Small Business Administration (SBA). The credit union offers several SBA loan programs that are intended to address the varying and unique needs of small business owners, including: 

Letters of Credit

Alaska USA Credit Union can assist you with building relationships with new vendors and can ensure prompt payments by utilizing a convenient letter of credit. Letters of credit function as guarantees that vendors you’re working with will receive the money they are owed. You simply apply to Alaska USA for a letter of credit, using cash, real estate, or other business assets as collateral. Once approved, the credit union will draw up an official letter of credit that will highlight the specific amount the vendor guarantees. If it turns out that you are not able to pay the vendor, Alaska USA Credit Union will be obligated to repay the amount, and you will be required to make payments on the amount that the credit union paid the vendor. 

Letters of credit are available in amounts of $2,000 or more. Two options are available: 

Who Should Apply for a Business Loan from Alaska USA Credit Union? 

Only members of Alaska USA can apply for a business loan. If you reside in one of the following areas, you are eligible to apply for membership: 

You can apply for membership in-person at one of the credit union’s branch locations, or online, via the Alaska USA website.


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