Credit Union 1 is Alaska's only state-chartered credit union, and anyone who lives or works in Alaska is eligible to join.[1] As of December 31, 2022, the credit union had $1.48 billion in assets, nearly 100,000 members and 12 branches throughout the state.[2]
 | |
| Company type | Credit Union |
|---|---|
| Industry | Financial services |
| Founded | 1952 (Anchorage Teachers Federal Credit Union) |
| Headquarters | Anchorage, Alaska, U.S. |
Area served | Anchorage, Fairbanks, Eagle River, Kodiak, Ketchikan, Soldotna and Nome |
Key people | Mark Burgess (President/CEO), Steve Cavin (Board Chairman) |
| Products | Savings; checking; consumer loans; mortgages; credit cards; online banking |
 US$11.241 Million (2022) | |
| Total assets |  US$1.48 Billion (2022) |
Number of employees | 415 |
| Website | cu1 |
Based in Anchorage, Alaska, Credit Union 1 is the second largest credit union in its state and the only one that solely serves Alaskans. As of 2022, the credit union currently employs 415 Alaskans in communities ranging from Ketchikan, Alaska to Nome, Alaska.[2]
Credit Union 1 is federally insured by the National Credit Union Administration (NCUA), up to $250,000 per account.
History
editCredit Union 1 was established as the Anchorage Teachers Federal Credit Union in 1952. Its original membership base was personnel and dependents of the Anchorage Independent School District. The credit union has since merged with other Alaskan credit unions, such as FedAlaska, Ward Cove, Frontier Alaskan and North Country Credit Union, to form Credit Union 1.
In 2010, the credit union opened a branch in the Mountain View neighborhood of Anchorage, which had not had a financial institution for over 20 years.[3] The land for the new branch was purchased from the Anchorage Community Land Trust.[4]
In 2016, Credit Union 1 was named to The Financial Brand’s “Top 100" list of credit unions using social media.[5]
In 2022, the credit union was again recognized as one of the top 49 businesses in Alaska by Alaska Business Monthly[6]
In 2022, Credit Union 1 was again named among the top three Best Places to Work (250+ employees) in Alaska by Alaska Business Monthly[7]
References
edit- ^ 2016 Alaska Directory of Banks and Financial Institutions. Retrieved April 5, 2018.
- ^ a b . [1] Credit Union 1 Website. Retrieved March 30, 2023.
- ^ Credit Union 1 Opens New Branch in Mountain View. Archived 2018-04-06 at the Wayback Machine Alaska Business. June 11, 2010.
- ^ ACLT Properties. Anchorage Community Land Trust. Retrieved April 5, 2018.
- ^ Top 100 Credit Unions Using Social Media. They have climbed the list steadily since then.
- ^ "Best of Alaska Business".
- ^ "Best of Alaska Business".