News and Views

News and Views

We've MOVED! CFAB is now open at our new location:

New Address: 3040 Lakeshore Drive, Anchorage, Alaska 99517 (near the airport, across from Lake Hood, near the intersection of Spenard Road and Wisconsin)

Mailing address, phone, and fax remain the same:
                    P. O. Box 92070, Anchorage, AK 99509
                    907.276.2007 or Outside Anchorage 800.544.2228 (phone)
                    907.279.7913 (fax)
Corrected Tide Books have been Published. Click here for more information.
The University of Alaska Marine Advisory Program's second Alaska Young Fishermen's Summit is coming to Anchorage December 11 and 12, 2007, and CFAB will again participate in this educational conference for the younger fishermen in Alaska. CFAB will underwrite the expense for three "young fishermen" to take part in this opportunity. To learn more about the summit go to the UAF Marine Advisory Program website.

To be eligible for CFAB's sponsorship you must meet the conference eligibility requirements (under 40 and/or have participated in the Alaskan commercial fishing industry less than five years) and be a member of CFAB or a member of the immediate family of a CFAB member. Also, you must be willing to commit to participating on both days of the conference.
CFAB had the pleasure to participate in the 2007 Global Food Alaska Conference and Tradeshow in Soldotna June 13 and 14. The purpose of this event provided an opportunity for Alaskan producers to market their value added food products to buyers from around the world. Click here to learn more about the conference.
CFAB President Lea Klingert participated as a facilitator in the 2007 Alaska Young Fishermen's Summit conducted by the University of Alaska Marine Advisory Program. The purpose of the conference was to provide training in the business of operating a fishing business, the fisheries management process and the world market place for Alaskan seafood products. Click to read an Anchorage Daily News article about the fishermen participants. To learn more about this and other fishery related training opportunities go to the University of Alaska Marine Advisory Program.
"Cooperative loan organization is one of a kind" so reads the headline from an article by Melissa Campbell, reporter for the Alaska Journal of Commerce, Vol. 29, No. 18, published May 1, 2005, p. A6. Click to read the article.
CFAB looking to complete twenty-five years serving the Alaska Business Community. Read about it in the Alaska Business Monthly, January 2005 edition.
CFAB Makes Borrowing Easier. August 31, 2004. CFAB announced changes to its capital plan. The investment requirement for membership in CFAB was reduced from five percent to two percent (or $2,500 whichever is less). "We are very proud and pleased to be able to make this change," said Lela Klingert, President of CFAB. CFAB is a private, for profit member owned cooperative specializing in financing to the tourism, natural resources, commercial fishing and agriculture industries of Alaska. In addition to general business loans, CFAB also makes loans to purchase IFQ's, Limited Entry permits and the recently developed CQE's.
CFAB's base interest rate lowered June 1, 2003. Read the announcement.