KBRA Assigns Ratings to Alaska USA Federal Credit Union
KBRA assigns deposit and senior unsecured debt ratings of BBB, a subordinated debt rating of BBB-, and short-term deposit and debt ratings of K3 for Anchorage, Alaska-based Alaska USA Federal Credit Union (“Alaska USA” or “the credit union”).
- KBRA assigns deposit and senior unsecured debt ratings of BBB, a subordinated debt rating of BBB-, and short-term deposit and debt ratings of K3 for Anchorage, Alaska-based Alaska USA Federal Credit Union (“Alaska USA” or “the credit union”).
- Alaska USA has navigated the COVID-19 pandemic well, relative to many credit union peers with peak NCOs of 0.35% in 2020.
- The credit union has elected the Complex Credit Union Leverage Ratio (CCULR), in lieu of the Total Risk-Based Capital ratio, which is 9.3% at 4Q22 and only slightly above the 9.0% minimum.
- Historically, the credit union has managed its NWR below industry aggregate between 9.0% - 9.6% from 2012 to 2019.