Type Credit union Total assets $924M USD Number of employees 360 | Industry Financial services Founded 1952 | |
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Area served Anchorage, Fairbanks, Eagle River, Kodiak, Ketchikan, Soldotna, and Nome Key people Tom Newins, President/CEO Products Savings; checking; consumer loans; mortgages; credit cards Headquarters Anchorage, Alaska, United States Profiles | ||
Credit Union 1 is a not-for-profit credit union based in Anchorage, Alaska. Its service area spans the entire state, and anyone who lives or works in Alaska is eligible to join. As of December 31, 2014, the credit union had $924M in assets, over 76,000 members, and 14 branches throughout Alaska.
Credit Union 1 is Alaska's second largest financial cooperative and is the only credit union chartered with the State of Alaska. 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 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, and North Country Credit Union.
The credit union recently opened a branch in the Mountain View neighborhood of Anchorage, which has not had a financial institution for over 20 years. The land for the new branch was purchased from the Anchorage Community Land Trust.