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National Credit Union Service Organization

CREDIT UNION 1

Dec, 31, 2021 — CREDIT UNION 1 is a federally insured state chartered credit union headquartered in ANCHORAGE, AK with 12 branch locations and about $1.47 billion in total assets. Opened 40 years ago in 1982, CREDIT UNION 1 has about 93,541 members and employs 370 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 325272063
Name:CREDIT UNION 1
Address:
(Main Office)
1941 Abbott Rd
ANCHORAGE, AK 99507
Phone:(907) 339-9485
Fax:(907) 339-8501
Website:http://www.cu1.org
Branches:12 branch locations
Members:93,541
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$1,468,974,903
CEO/Manager:Mark Burgess
Chairperson:Colin C Baxter

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 256,614,250
TOTAL INVESTMENTS 294,335,807
Loans Held for Sale 0
 
 Real Estate Loans 354,153,302
 Unsecured Loans 69,491,768
 Other Loans 418,018,019
 TOTAL LOANS 843,874,540
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -8,012,376
 Land And Building 27,791,229
 Other Fixed Assets 5,525,470
 NCUSIF Deposit 11,153,677
 All Other Assets 37,692,306
  TOTAL ASSETS 1,468,974,903
LIABILITIES & CAPITAL:  
 Dividends Payable 1,011
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,881,010
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 339,843,189
 Regular shares 248,829,985
 All Other Shares & Deposits 703,072,108
  TOTAL SHARES & DEPOSITS 1,291,745,282
  TOTAL LIABILITIES 1,309,627,303
 Regular Reserve 12,796,004
 Other Reserves -2,103,476
 Undivided Earnings 148,655,072
  TOTAL EQUITY 159,347,600
  TOTAL LIABILITIES, SHARES, & EQUITY 1,468,974,903
INCOME & EXPENSE  
 Loan Income 40,003,789
 Investment Income 3,039,626
 Other Income 12,851,962
 Total Employee Compensation & Benefits 30,197,207
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 21,400,664
 Non-operating Income & (Expense) -230,575
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 358,926
 Cost of Funds 4,259,075
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 14,520,976
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