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National Credit Union Service Organization

CREDIT UNION 1

Jun, 30, 2023 — CREDIT UNION 1 is a federally insured state chartered credit union headquartered in ANCHORAGE, AK with 12 branch locations and about $1.54 billion in total assets. Opened 42 years ago in 1982, CREDIT UNION 1 has about 96,966 members and employs 400 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:https://www.cu1.org
Branches:12 branch locations
Members:96,966
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$1,538,100,224
CEO/Manager:Mark Burgess
Chairperson:Steve Cavin

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 221,001,762
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 383,972,283
 Unsecured Loans 70,059,309
 Other Loans 510,826,025
 TOTAL LOANS 967,485,885
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -9,072,533
 Land And Building 27,020,459
 Other Fixed Assets 7,181,335
 NCUSIF Deposit 11,786,492
 All Other Assets 377,805
  TOTAL ASSETS 1,538,100,224
LIABILITIES & CAPITAL:  
 Dividends Payable 2,754
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 17,590,539
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 376,791,389
 Regular shares 288,323,937
 All Other Shares & Deposits 713,562,269
  TOTAL SHARES & DEPOSITS 1,378,677,595
  TOTAL LIABILITIES 1,396,270,888
 Regular Reserve 0
 Other Reserves -26,546,540
 Undivided Earnings 168,375,876
  TOTAL EQUITY 141,829,336
  TOTAL LIABILITIES, SHARES, & EQUITY 1,538,100,224
INCOME & EXPENSE  
 Loan Income 31,880,597
 Investment Income 4,017,943
 Other Income 10,744,623
 Total Employee Compensation & Benefits 24,885,922
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 19,290,912
 Non-operating Income & (Expense) -39,494
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,120,345
 Cost of Funds 2,975,178
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,924,801
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— The information found on this website is provided “AS IS”. We do not verify or guarantee its accuracy or validity. Please contact the credit union directly for any specific questions you may have regarding services and/or features. Visit NCUA.gov or MyCreditUnion.gov for more information regarding credit unions.