Congratulations to Maureen Todd,
Ninilchik, winner of CFAB's Photo Contest. This winning photo
appeared on the cover of a CFAB Annual Report.
Financing Alaskan Businesses
for More Than 35 years
Tourism Natural Resources
How CFAB Lowers Cost of Borrowing with PATRONAGE
CFAB returned profits to borrowers equal to 16% of CFAB's gross income
for the year. What other private lending institution does that?
That means if the interest rate on a borrower's loan was 6.0%, the NET
interest rate paid by the borrower after payment of "patronage" could
have been as low as 5.04%, a reduction of almost 1%....