News Bites

Mobile Banking is on the way!

May 25, 2014

We've all been there, needing to check your account balance, but nowhere near the nearest branch or ATM. Maybe you forgot to pay a bill and are out of town, or maybe you're at home, relaxing, and just don't want to leave the comforts of your surroundings. As technology becomes more and more an integral part of life, the convenience of accessing your finances when and where you need has become the norm rather than the exception. Spirit of Alaska Federal Credit Union understands this and has worked hard to find the right solution.

Beginning in July, SoAFCU members will experience a new level of service for their mobile devices! The new mobile banking solution is a fast, easy and secure way to stay on top of your finances anywhere. Check your balance, find ATMs, pay bills, transfer funds and more. You can even make person to person payments using Bill Pay's Popmoney!

Powered by FISERV's Mobiliti, the Spirit of Alaska FCU mobile banking solution is easy to access:

  • Apps – for your Apple or Android phones or tablets, download from our website or the app stores.
  • Mobile Web – by typing spiritofak.com into your mobile browser.
  • Text – you text us and we will text you back. Alert texting also available.

Gone are the days of traditional 9-to-5 banking. Now, you are in control, no matter the time of day, no matter your location.

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1st Time Car Buyer Program

May 25, 2014

Let's face it, buying a car can be an exciting, yet stressful life event, especially if it's your first vehicle. How much can you safely afford to spend and how much will it cost to maintain the vehicle once you have the keys? If financing, have you taken a look at your credit and the credit of your co-signor? Satisfying these questions before you start shopping around can help make the vehicle buying process much easier. Once you're ready to buy, Spirit of Alaska Federal Credit Union can help.

SofAFCU has recently unveiled a 1st Time Car Buyer program designed to help young members with their car ownership dreams. Member applicants can be as young as 16 to qualify*, a rarity in the financial loan industry! Proof of employment is required, but can be as little as 3 months of verification**. Unlike other institutions, there is no age limit on financed vehicles but autos must have less than 100,000 miles.

Rules, terms and conditions apply and not every member may qualify. The 1st Time Car Buyer program is offered to SoAFCU members age 16-24. If owning a vehicle is right for you, please contact Spirit of Alaska Federal Credit Union's Consumer Loan Department at (907) 459-5970 or stop by any branch for more information.

*Minors must have parent/guardian as co-signor in primary position.

**Paystub verification required and require additional letter from employer.

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UAF Wood Center Branch Closure

May 25, 2014

Spirit of Alaska FCU has had a long and storied history with the University of Alaska Fairbanks, dating back to the credit union's founding in 1960 the "Greater Fairbanks Teachers Credit Union." Over the decades, the credit union has changed names and locations, continuing to grow within the Fairbanks area, all the while providing service to thousands of members and to the community.

Earlier this year, the decision was made to permanently close the UAF Wood Center branch location. The closure was anticipated due to the close proximity already of the Geist Road branch to the university and duplication of services between Geist and the Wood Center branches. The closure is expected to reduce operational costs without disrupting services in the west Fairbanks area.

Spirit of Alaska Federal Credit Union remains the largest credit union in Interior Alaska with branches located at 1417 Gillam Way, 4001 Geist Road, 495 Harold Bentley Drive and the Peger Road/Davis Road ATM/Kiosk location. ATM service is offered at all branch locations and ATMs will remain of the UAF campus at the Wood Center and the Hess Dorm Complex.

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SASSY Online!

May 25, 2014

School is out for summer and kids are enjoying fun in the sun with friends and family. Though formal education is on hiatus, your child can take full advantage of our online financial education program, Spirit of Alaska Society of Smart Youth, or SASSY!

Spirit of Alaska is dedicated to helping youth learn more about money and how they can be more responsible with spending, saving, investing and sharing. Last fall, SASSY was launched in that effort and already youth members are earning rewards as they progress through the online resources available on the SASSY website.

Youth members age Kindergarten through 3rd grade are referred to as "Discoverers" and are offered a chance to learn and earn by exploring the Kirby Kangaroo Club and 5 Spot programs.

  • Kirby Kangaroo Club – Discoverers can earn awards for completing coloring pages and reading about Kirby's adventures, all designed to teach basics of spending, saving and sharing. Some of the prizes awarded for completing these levels include coloring books, crayons and a rainbow Slinky!
  • 5 Spot – The mission here is to play video games or puzzles and read stories. The more activities accomplished, the more Discoverers earn club house bucks. Spirit of Alaska FCU rewards these achievements by giving out items like a SASSY drawstring backpack.

The next age group in the SASSY program is known as the "Explorers" and is geared to kids 4th through 7th grade. Again, SASSY's online resources continue to provide fun financial education.

  • Money Island – Explorers must save Stone Broke, a kid who never learned how to manage money. There are intermediate and advanced levels of the game and Explorers must complete the game to earn prizes from the SASSY program. Sample prizes include a journal and pen set and an overnight duffle bag.
  • AJ's – This interactive resource continues the progression of learning from 5 Spot. Explorers learn though articles and stories geared more the middle school student mindset.

The last age group, 8th grade through 12th, is known as the "Soarers," as they are preparing to "launch" into the adult world.

  • Money Mission – Soarers create avatars of themselves and are tasked with a mission to balance money with real-world life experiences. They can earn money by "working" and must make spending decisions based on needs and financial resources.
  • C-Note – Explorers can read articles and blogs and even participate in peer panel discussions regarding financial topics. SASSY Achievement prizes include flashing pens, school supplies, a jump drive wrist bracelet and even Spirit of Alaska FCU gift cards.

Youth account members are automatically enrolled in the SASSY program and there is absolutely no cost associated with the online resources. Any child can participate in SASSY, but they must have a youth account at Spirit of Alaska Federal Credit Union to earn achievement prizes.

The days of summer are long and care-free, but that doesn't mean they can't be productive as well. To find out more information regarding SASSY and the online resources, simply log on to www.spiritofak.com and click on the SASSY tab, or call Spirit of Alaska Federal Credit Union at (907) 459-5900 or (800) 478-1949.

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