Aang Aang Shareholders & Visitors!


The Ounalaska Corporation (OC) is the Alaska Native Village Corporation for Unalaska, Alaska, formed in 1973 under the Alaska Native Claims Settlement Act (ANCSA). Incorporated with 269 original Unangan shareholders, OC now works to bring value to almost 500 original shareholders and their descendants.
The Ounalashka Corporation is a for-profit corporation, with a social mission to provide opportunities for its shareholders. The corporation’s main business interests are land leasing and development. OC is the major landowner in Unalaska, where it leases land to commercial and residential clients. Additionally, OC owns and leases premium office properties in downtown Anchorage.

Our Mission

To continue as a prosperous corporation, through excellence in education and management, to benefit Shareholders, thereby strengthening Unangan culture, and to be the premier village corporation.



Distribution Date Delayed by One Day

OC shareholders – severe weather on Friday interrupted internet services in Unalaska, which impacted OC’s ability to finalize direct deposit data. This has changed the originally announced date for all direct-deposits distributions from Monday, Oct. 28, to Tuesday, Oct. 29. Paper checks will still be mailed out on Monday. If you have any questions, please […]


OST Distribution Announced

Attention OC shareholders! The OST Trustees have agreed on a $19 per unit distribution. Checks will be mailed out Monday, Oct. 28, 2019, and direct deposits will be delivered Monday, October 28, 2019. Please contact OC with any questions at 907-581-1276.


OC & Chena Power Partner to Develop Makushin Geothermal Resource

The Ounalashka Corporation (OC) has partnered with Chena Power, LLC, along with support from the City of Unalaska and the U.S. Department of Energy, to develop this resource. A successful project will provide stable and cost-effective electrical energy and hot water to the community of Unalaska as well as mitigate air emissions from diesel generators. […]