The Alaska Commercial Fishing and Agriculture Bank (CFAB) is a private member-owned Cooperative created to meet the financing needs of Alaska’s resident-owned, commercial fishing, agriculture, tourism, and resource industries.  With some minor exceptions, you must be an Alaska resident to borrow from CFAB.

CFAB was created by legislation in the late 1970s, originally funded with $32 million in seed money from the state of Alaska. After making the final payment to the state in 1998, CFAB is now 100% owned by its members.

Since we are a member-owned cooperative, CFAB has the flexibility to structure our loans to meet the specific needs of our members/borrowers. CFAB is a unique success story put in motion through the foresight of industry leaders and the Legislature.

Our Vision…

To be the PREMIER LENDER to the commercial fishing, agriculture, timber, tourism, and resource-based industries of Alaska.

To provide prompt, courteous service and financing customized to meet the specific needs of our borrowers.

For more information, please visit Alaska Commercial Fishing and Agriculture Bank.

The CFAB Scholarship Fund will award up to four students with up to $3,500. Recipients of the scholarship award may reapply for this scholarship.

Eligibility Criteria:

• Applicant must be under the age of 26 and an Alaska resident.
• A child, descendant, or spouse of an Alaska Commercial Fishing and Agriculture Bank (CFAB) member, employee or director of CFAB.
• A candidate for a degree (or for issuance of a certificate which verifies satisfactory completion of all required courses, training, and testing at an institution that does not issue degrees) at an accredited college, trade school, apprenticeship, or vocational-technical school.

IMPORTANT: Scholarship recipients must submit their student ID number and program information to ACF through the online system before their award can be disbursed. If we do not receive the above information by June 30 following the award announcement, the scholarship may not be awarded. Please contact ACF if you cannot send in the information by this date.

Contact The Alaska Community Foundation with questions: scholarships@alaskacf.org or 907-334-6700