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News Now

CU System
Alaska USA is top SBA lender in state
ANCHORAGE, Alaska (12/10/10)--Alaska USA FCU has been recognized by the U.S. Small Business Administration (SBA) as the 2010 Alaska SBA 504 Lender of the Year. Set up to contribute to the economic development of communities, the SBA’s 504 program provides long-term, fixed-rate financing designed for acquiring or renovating capital assets, such as land, buildings and equipment. The lender with the greatest number of approved loans as of the program’s year-end date of Sept. 30, 2010 is recognized. All of Alaska community-lending institutions were eligible. Alaska USA FCU has earned the award two years in a row. The credit union’s business and commercial services team is led by Senior Vice President Dave Hamilton. “As a key SBA lending partner, Alaska USA FCU plays a vital role providing access to capital for Alaskan entrepreneurs which allows them to grow and create jobs,” Karen Forsland, SBA Alaska district director, wrote in a letter to the credit union. Alaska USA FCU is a $4.1 billion-asset institution that serves more than 407,000 members, including about 10,400 business members.


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