Alaska

Data from the National Credit Union Administration shows the two states are bucking the trend of slowdowns in membership and lending.

Alaska USA Federal Credit Union will nearly double its operations in Phoenix after it buys the locations.

The Anchorage-based credit union has agreed to purchase seven Phoenix-area branches from TCF, nearly doubling its presence in that market.

Paul Simons has worked in the industry for 48 years, including more than three decades at the helm of the Illinois-based institution.

Citing insurance concerns, Anchorage-based Credit Union 1 shut down its marijuana-banking pilot program after less than one year. The move reflects lingering hesitation around banking the industry.

About 100 financial institutions are owned by or work with Native Americans, yet traditional banking services remain out of reach for many in this demographic.

Many credit unions have resumed normal operations, but some institutions locations in nearby Eagle River, closer to the epicenter, need more recovery time.

The Anchorage-based institution said its decision to enter the pot banking space was driven partly by public-safety concerns in a cash-based industry.

Most CUs in the Anchorage area were closed Friday as residents and officials evaluated damage to facilities and infrastructure.

Credit unions in Iowa and across the west were honored for their work aiding immigrants and financial education for students, respectively.

The merger, recently approved by Denali's membership, will create a $2.2 billion-asset credit union with dozens of branches across five Western states.

Rural Alaskans, including Native Americans living in the mountains, may not have access to traditional banks. But they aren't exactly living off the grid.

If the merger is approved, the combined $2.2 billion-asset credit union would serve members in five states: Alaska, Arizona, California, Washington and Wyoming.

The $1 billion-asset Alaska-based credit union has tapped its former chief operating officer for the top spot.

One new chief plus four new vice presidents at one credit union, plus a bevy of promotions, new hires and special recognition across the industry.

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.

Attorney General Jeff Sessions’ decision to rescind an Obama-era directive that helped foster the marijuana sector’s growth raises new risks for banks and credit unions that do business with growers and dispensaries.

Bill Eckhardt will be succeeded by EVP Geoff Lundfelt.

Sen. Jeff Sessions is one of the marijuana industry's staunchest foes. He could upend efforts by the Obama administration to persuade banks that it is safe to work with cannabis firms.

Four years after the first states legalized marijuana, most bankers still want nothing to do with it.