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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.
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Title Annotation:Alaska Business Briefs: Financial Institutions; Alaska USA Federal Credit Union reports record earnings
Publication:Alaska Business Monthly
Date:Oct 1, 1990
Words:100
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