Becoming a member of Alaska USA Federal Credit Union is really easy, you only have to live, work, or worship in one of the four states they operate in Alaska, Washington, San Bernardino County in California, and Arizona. There are no membership fees, or any other associations required to join and once a member you are always a member and the opportunity extends to your family and children.
Locations and Hours
One of the best things about Alaska USA Federal Credit Union is that most of their 84 branches are open seven days a week! That is a huge plus for those who have really busy schedules during the week and do most of their shopping on weekends and need access to a bank.
Alaska USA offers many types of accounts depending on your needs. They have totally free checking and savings accounts, business accounts, savings certificates with really competitive rates, and health and retirement savings accounts as well. The current interest rates they offer for their members depend on the type of account you need to meet your financial goals.
Only Alaska and Washington have the greatest amount of access to branches and ATMs all of the other locations are very limited.
Alaska USA free checking does not earn dividends and their rates are really low with high minimum balance requirements for their checking accounts. Alaska USA Federal Credit Union also has a few hidden fees if any of your balances fall under $50.00 or if certain goals aren’t met financially for the account each month then there will be a $5 fee that is applied either quarterly or monthly depending on the account. For instance, with their checking accounts their fee schedule looks something like this:
- Convenience Checking:
If direct deposit is discontinued you will get a $5.00 fee per month
- Investor Checking:
If daily balance falls below $1,000.00 during the calendar month incur $5.00 per month
- Relationship Checking:
If your daily share or loan balance falls below $500.00 during the calendar month incur $5.00 per month, unless you are between the ages of 16-25 the fee is waived.
Lack of Credit Card Options
Alaska USA Federal Credit Union only offers one credit card; it is a Visa Platinum Card. It seems to have a ton of great benefits as far as for use and interest and rewards, but sometimes having more than one kind of card to offer to members is better. No one wants to get stuck with an interest rate they may not like, or points they might not ever use. Giving options to members is important as each member has different needs and financial goals.