Alaska Commercial Fishing and Agriculture Bank Announces Interest Rate Reduction
The Alaska Commercial Fishing and Agriculture Bank (CFAB) will be lowering their lending interest rate on existing and new loans by 2% effective January 1, 2012.
The announcement was made by CFAB’s CEO Lela Klingert at CFAB’s annual meeting on November 18.
CFAB is a private member owned cooperative providing financing to Alaskan owned commercial fishing, tourism, and resource businesses since 1980. Also at the same meeting incumbent board member Roseleen “Snooks” Moore was re-elected to a new three year term.