Printer Friendly

Hot quarter.

Hot Quarter

Alaska USA Federal Credit Union reports it ended the first quarter of 1990 with record income from operations of $3.3 million and record net income of $1.9 million. According to Bill Eckhardt, president, "The credit union's first quarter financial performance is the best in its 41-year history, and April and May continued at that record pace." The credit union attributes increases in deposits and consumer loans to improving consumer confidence. Alaska USA's assets totaled $902 million at the end of May. The credit union has 185,000 members worldwide, of which 110,000 are in Alaska.
COPYRIGHT 1990 Alaska Business Publishing Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1990 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Alaska Business Briefs: Financial Institutions; Alaska USA Federal Credit Union reports record earnings
Publication:Alaska Business Monthly
Date:Oct 1, 1990
Previous Article:Push & pull.
Next Article:Fueled by freight.

Related Articles
For sale: financial services.
Going toe to toe for your dollars.
Where do Alaskans stash their money?
Alaska USA: member owned for member service.
Credit Unions in the last frontier: Credit Unions play a distinct role in Alaska's financial community.
Banks & Credit Unions.
Corporate 100: Alaska USA Federal Credit Union. (Alaska Business Monthly's 2003 Corporate 100).
Credit products vital to business success: shop around and prepare in advance.
Credit unions and banks: institutional differences.
Credit Union 1.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters