Type Credit union Total assets $600M USD Number of employees 350 Founded 1948 | Industry Financial services Website www.denalifcu.org Headquarters Anchorage | |
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Key people Bill Murray, Chair Bob Teachworth, CEO Products Savings; checking; consumer loans; mortgages; credit cards Profiles | ||
Denali Federal Credit Union is a credit union based in Anchorage, Alaska, United States. The Credit Union serves communities throughout Alaska, and Washington. It is the third largest credit union in Alaska. Denali Federal Credit Union has grown to add Denali Home Loans, Denali Alaskan Insurance, Denali Investment Services and Denali Business Lending and Business Service to their list of services.
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History
The City of Anchorage Employees Federal Credit Union was chartered on December 6, 1948. Charter 5912 was issued by the Bureau of Federal Credit Unions, which was part of the Department of Health, Education, and Welfare, within the Social Security Administration. The Credit Union began with eight members and $40 in assets. This credit union was the forerunner to today's Denali Federal Credit Union, still operating under charter number 5912. The Alaska Railroad Federal Credit Union (Charter 6244), another predecessor to Denali, was chartered in July, 1949, and brought under charter member 5912.
Over the years a number of credit unions were chartered, or merged with existing Alaska credit unions, to create what became Denali Alaskan Federal Credit Union in 1997:
On Jan. 1, 2016, Denali Alaskan dropped "Alaskan" from its name to become Denali Federal Credit Union. Membership is reported at more than 65,000 members and assets are $600 million.
NCUA insurance of member accounts
As of October 3, 2008, National Credit Union Administration increased member account insurance from the National Credit Union Share Insurance Fund to $250,000 (from $100,000). In May 2009, the member account insurance amount of $250,000 was extended to 2013. On September 27, 2010 the NCUA made permanent the $250,000 limit.