Sep, 30, 2025 — CREDIT UNION 1 is a federally insured state chartered credit union headquartered in ANCHORAGE, AK with 15 branch locations and about $1.50 billion in total assets. Opened 44 years ago in 1982, CREDIT UNION 1 has about 95,084 members and employs 378 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | CREDIT UNION 1 |
|---|---|
| Address: (Main Office) | 1941 Abbott Rd ANCHORAGE, AK 99507 |
| Phone: | (907) 339-9485 |
| Fax: | (907) 339-8501 |
| Website: | https://www.cu1.org |
| Branches: | 15 branch locations |
| Members: | 95,084 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66157 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1982 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,501,152,358 |
| CEO/Manager: | Mark Burgess |
| Chairperson: | Jennifer D Bernard |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 73,018,399 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 510,440,839 |
| Unsecured Loans | 89,651,254 |
| Other Loans | 591,234,638 |
| TOTAL LOANS | 1,194,197,580 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -17,208,290 |
| Land And Building | 35,262,276 |
| Other Fixed Assets | 8,357,532 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 10,575,493 |
| All Other Assets | 1,351,266 |
| TOTAL ASSETS | 1,501,152,358 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 804 |
| Notes & Interest Payable | 90,000,000 |
| Accounts Payable & Other Liabilities | 16,159,384 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 318,767,463 |
| Regular shares | 244,310,527 |
| All Other Shares & Deposits | 635,472,716 |
| TOTAL SHARES & DEPOSITS | 1,198,550,706 |
| TOTAL LIABILITIES | 1,304,954,365 |
| Regular Reserve | 0 |
| Other Reserves | -13,343,896 |
| Undivided Earnings | 209,541,889 |
| TOTAL EQUITY | 196,197,993 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,501,152,358 |
| INCOME & EXPENSE | |
| Loan Income | 55,950,592 |
| Investment Income | 6,408,174 |
| Other Income | 8,168,567 |
| Total Employee Compensation & Benefits | 27,606,886 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 20,229,058 |
| Non-operating Income & (Expense) | -12,310 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,486,156 |
| Cost of Funds | 11,051,511 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 13,677,983 |
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