Credit Union 1 (Alaska)

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, 2018, the credit union had $1 billion in assets, over 84,000 members and 13 branches throughout the state.[2]

Credit Union 1
TypeCredit Union
IndustryFinancial Services
Founded1952 (1952) (Anchorage Teachers Federal Credit Union)
HeadquartersAnchorage, Alaska
United States
Area served
Anchorage, Fairbanks, Eagle River, Kodiak, Ketchikan, Soldotna, and Nome
Key people
James Wileman, President/CEO
ProductsSavings; Checking; Consumer Loans; Mortgages; Credit Cards; Online Banking
US$4.9 Million (2017)
Total assets US$1 Billion (2017)
Number of employees
390+
Websitecu1.org

Based in Anchorage, Alaska, Credit Union 1 is the second largest credit union in its state and the only one that solely serves Alaskans. The credit union currently employs over 390 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

Credit Union 1 was established as the Anchorage Teachers Federal Credit Union in 1952. Its original base of membership was personnel and dependents of the Anchorage Independent School District. The credit union 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 2017, the credit union was recognized as one of the top 49 businesses in Alaska by Alaska Business Monthly.[6]

In 2018, Credit Union 1 was named among the top three Best Places to Work in Alaska by Alaska Business[7]

References
  1. 2016 Alaska Directory of Banks and Financial Institutions. Retrieved April 5, 2018.
  2. . About Us Credit Union 1 Website. Retrieved June 24, 2019.
  3. Credit Union 1 Opens New Branch in Mountain View. Archived 2018-04-06 at the Wayback Machine Alaska Business. June 11, 2010.
  4. ACLT Properties. Anchorage Community Land Trust. Retrieved April 5, 2018.
  5. Top 100 Credit Unions Using Social Media. The Financial Brand. January 10, 2017.
  6. 2017 Top 49 Winners. Alaska Business. September 29, 2017.
  7. Alaska Business. June 24, 2019.
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