Credit unions and other small community financial institutions keep the U.S. economy humming. More than 110 million Americans are members of credit unions and over 465,000 Alaskans are credit union members. Community banks employ three-quarters of a million people and originate nearly half of all loans made to small businesses. Read more...
Learn where you live and work with Alaska's online business and public administration school.University of Alaska SOUTHEAST School of Management
In a recent class action lawsuit against Ticketmaster the court ordered the company to pay out $42 million
over four years, and no less than $10.5 million per year to consumers. However, the reality of what
consumer’s actually received is detailed in a New York Times article entitled, “Why You Probably Won’t
Get to Use Your Ticketmaster Vouchers.”
Outlined in the article is the fine print of the settlement including the difficulty consumers have in actually
receiving any remuneration.Read more...
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Consumers’ deposits at nearly 8,000 credit unions nationwide are fully insured to at least $250,000 by an agency of the federal government – the National Credit Union Administration (NCUA) – through the National Credit Union Share Insurance Fund (NCUSIF). The National Credit Union Administration (NCUA) is the federal agency that administers the National Credit Union Share Insurance Fund (NCUSIF). The NCUSIF, like the FDIC’s Deposit Insurance Fund, is a federal insurance fund backed by the full faith and credit of the U.S. Government.
The NCUSIF insures member savings in federally insured credit unions, which account for approximately 98 percent of all credit unions. All Alaska credit unions – state and federal – are federally insured by the NCUSIF. Not one penny of insured savings has ever been lost by a member of a federally insured credit union.
For additional information, visit the NCUA Share Insurance Toolkit.