Credit unions in Alaska

Credit union: In the State of Alaska, there are 11 credit unions with 50 available branches for their members. Over 800,000 residents in the state belong to a credit union. The credit unions in the state offer membership to a variety of professionals, including teachers and engineers. Staying true to the original purpose of a credit union, many Alaskan credit unions offer membership based on geography. For many, the criteria to join is to live/work/worship in a specific county/area. For many of the first credit unions, bringing services to their individual communities was the goal. And parts of Alaska are sparsely populated and very rural. 

The largest credit union in the state is Alaska USA Federal Credit Union. Almost 700,000 residents of the state belong to this cooperative. The bulk of people in the state who belong to a credit union belong to this particular cooperative. This credit union caters to military members, and the state has a substantial military population.

Car insurance: The cost of car insurance rates in Alaska are higher than the national average. This could be due to several factors. Also, compared to other states, Alaska has higher requirements for insurance coverage. In the state, bodily injury per person is $50,000, and property damage liability is $25,000. In Alaska, you are also liable for any damage done to third parties. 

When compared to other states, not many of Alaska’s credit unions offer insurance products to their members. In some states, practically every credit union will offer insurance products to its members. In Alaska, it only appears that one provides insurance products to its members, Alaska USA Federal Credit Union. Since rates in the state are higher than average, any discount you can get from your credit union would be a benefit.

If you are part of a credit union that does not offer car insurance to members, see if your cooperative can recommend a local agent, perhaps another credit union member.