Credit Union 1 (Alaska)

Credit Union 1
Type Credit union
Industry Financial services
Founded 1952 (1952) (Anchorage Teachers Federal Credit Union)
Headquarters Anchorage, Alaska
United States
Area served Anchorage, Fairbanks, Eagle River, Kodiak, Ketchikan, Soldotna, and Nome
Key people Leslie Ellis, President/CEO
Products Savings; checking; consumer loans; mortgages; credit cards
Total assets $764M USD
Employees 285
Website cu1.org

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 June 30, 2011, the credit union had $764M in assets, over 67,000 members, and 15 branches throughout Alaska.[1]

Credit Union 1 is Alaska's second largest financial cooperative[2] and 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 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.[3] The land for the new branch was purchased from the Anchorage Community Land Trust.[4]

References

  1. ^ . About Us Credit Union 1 website 1 June 2010.
  2. ^ Movers & Shakers. Alaska Journal of Commerce. August 12, 2007.
  3. ^ New neighbor: Credit union branch helps Mountain View turn corner. Anchorage Daily News. September 13, 2008.
  4. ^ Jensen, Scott. Credit union in Mountain View gives hope for turnaround. KTUU. September 30, 2009.

External links


Wikimedia Foundation. 2010.

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