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Overview / Commentary
1941 Abbott Rd
Anchorage, AK 99507

Credit Union 1 is headquartered in Anchorage and is the 2nd largest credit union in the state of Alaska. It is also the 248th largest credit union in the nation. It was established in 1982 and as of March of 2014, it had grown to 322 employees and 78,130 members. Credit Union 1 has a A health rating.

Field of Membership Restrictions

Must live or work in the state of Alaska. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Credit Union 1 had $6.84 million in non-current loans and owned real-estate with $105.39 million in equity and loan loss allowances on hand to cover it. This gives Credit Union 1 a Texas Ratio of 6.49% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Credit Union 1 experienced no significant changes from 3.26% as of March 31, 2013 to 6.49% as of March 31, 2014, resulting in a negative change of 98.89%. This indicates that the balance sheet and financial strength for Credit Union 1 has had no significant changes in recent periods.

Deposit Growth


In the past year, Credit Union 1 has increased its total deposits by $25.18 million, resulting in 3.33% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Credit Union 1 has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Credit Union 1 has $893.76 million in assets with $105.39 million in equity, resulting in a capitalization level of 11.79%, which is excellent.

Institution Statistics

NCUA #66157
Year Chartered1982
Primary Regulator
Assets and Liabilities
Assets$893.76 million
Loans$625.49 million
Deposits$782.15 million
Equity Capital$98.84 million
Loan Loss Allowance$6.55 million
Unbacked Noncurrent Loans$6.64 million
Real Estate Owned$203,000
Historic Data - March 2013
Assets$863.92 million
Equity Capital$93.39 million
Loan Loss Allowance$4.51 million
Unbacked Noncurrent Loans$6.64 million
Real Estate Owned$43,000
Profit Margin - Quarterly
Return on Assets0.78%
Return on Equity7.08%
Interest Income$8.23 million
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Credit Union 1 Savings Account Rates

0.35%$5k-Transition Savings (S3)
0.30%$100k-Premium Savings (S19)
0.15%--IRA Savings (S65)
0.15%--Roth IRA Savings (S66)
0.15%--SEP IRA Savings (S67)
0.15%--Education IRA Savings (S68)
0.15%--Roth Conversion (S69)
0.10%--Regular Share Savings (S1) (S10)
0.10%--Visa Secured Account (S50)
0.10%--Dollar Dog Account (S12)

Credit Union 1 Checking Account Rates

0.05%$1k-Premium Checking (S77)
0.05%$5k-Business Premium Checking (S87)

Credit Union 1 CD Rates

1.25%$100k-5 Year Share Certificate
1.15%$100k-4 Year Share Certificate
1.05%$100k-3 Year Share Certificate
0.95%$100k-2.5 Year Share Certificate
0.90%$100k-2 Year Share Certificate
0.80%$100k-1.5 Year Share Certificate
0.70%$100k-1 Year Share Certificate
0.35%$100k-6 Month Share Certificate
0.25%$100k-3 Month Share Certificate
0.15%$100k-1 Month Share Certificate

Credit Union 1 IRA Rates

1.20%$500-5 Year IRA Certificate
1.10%$500-4 Year IRA Certificate
1.00%$500-3 Year IRA Certificate
0.85%$500-2 Year IRA Certificate
0.65%$500-1 Year IRA Certificate

Credit Union 1 has 14 locations. Click to view all Credit Union 1 locations.