Credit unions began in Germany well over a century ago. The first American credit union, the St. Mary’s Cooperative Credit Association was founded 1909 in New Hampshire. Today, more than 100 million Americans are members of credit unions.
ALPS Federal Credit Union was founded in 1960 by local Alaska Lumber and Pulp mill workers as an institution that would provide affordable loan and deposit services to members. As a cooperative, we are completely owned and directed by our membership.
In 1985, we became a community-chartered credit union, allowing us to offer membership to local residents as well as employees of the paper mill. Later that year, we added the city and borough of Sitka to our field of membership. In 2013, we again expanded our original charter so that we could serve all of Southeast Alaska.
ALPS Federal Credit Union is a member owned, non-profit financial cooperative serving Southeast Alaska, committed to building a stronger financial future for our members and local communities.