Administrative Agency:

Private Cooperative Corporation: Alaska Commercial Fishing and Agriculture Bank

Program Goals:

CFAB's authority and mission is to provide financing to the commercial fishing, agriculture, tourism, and other resource-based industries in Alaska.

Resource Provided:

Provides loans to Alaskan residents.

Eligibility:

To become a CFAB borrower, an applicant must be commercially involved in one of the industries mentioned: commercial fishing, agriculture, tourism, or other resource-based industries. The applicant must be an Alaska resident, as must individual members of a partnership. The majority ownership and control of corporations or other legal entities must rest with Alaska residents.

Alaska Program Status:

The Alaska Commercial Fishing and Agriculture Bank was established as a private member-owned cooperative by a special Alaska statute and began operations in 1980.

Comments:

Borrowers have the opportunity to participate in CFAB's annual financial results through a partial refund of interest paid. CFAB is controlled by a board of directors whose members are elected by and from its stockholders.

Program Contact:  (Primary Contact listed first.)

JoAnn Rodamaker
Alaska Commercial Fishing and Agriculture Bank
3040 Lakeshore Drive
Anchorage, AK 99517
Phone: (907) 276-2007 (800) 544-2228
Fax: (907) 279-7913
e-mail: cfabanch@gci.net
Web site: http://www.cfabalaska.com/