In response to COVID-19 uncertainty, the Federal Reserve has lowered their interest rates to help protect the national economy. You may be wondering how this impacts the State of Alaska marketplace.
Locally, this does not mean an immediate change in rates at Alaskan financial institutions. Credit Union 1 is fortunate to be in a very sound and stable position for our members, which means we can offer competitive rates while continuing to grow our products and services. Our rates will remain reflective of our local environment, to help us remain financially safe and keep the credit union strong for our membership.