Credit Union 1 is headquartered in Anchorage and is the 2nd largest credit union in the state of Alaska. It is also the 304th largest credit union in the nation. It was established in 1982 and as of December of 2019, it had grown to 365 employees and 85,323 members at 13 locations. Credit Union 1 has an A health rating.
Field of Membership Restrictions
Membership in Credit Union 1 is open to anyone who lives or works in the state of Alaska.
See current membership details
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Things They Don't Tell You
CONS: If you need to call, plan on waiting 10 minutes minimum to reach a person. I have yet to call them and wait less than 15 minutes to reach a person. Tellers have to do everything/even order checks. A check drawn on CU1 cannot be cashed, if you have an account with them.. I've asked. They refuse. Even checks drawn on CU1 are required to run through your personal account.
PROS: CU1s mobile app is nice, especially the remote deposit. Another way not to have to go there in person.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 66157 |
| Year Chartered | 1982 |
| Employees | 365 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.93% |
| Return on Equity - YTD | 7.1% |
| Annual Interest Income | $44.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $1.09B$1.05B |
| Loans | Q4 2019vs Q4 2018 | $829.7MM$776.9MM |
| Deposits | Q4 2019vs Q4 2018 | $931.3MM$904.5MM |
| Equity Capital | Q4 2019vs Q4 2018 | $141.0MM$129.7MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $8.0MM$8.4MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $5.1MM$5.8MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $77.00K$609.00K |
