At Credit Union 1, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are committed to providing a reliable banking experience, backed by solid financial performance. With a
net worth of $190,919,640, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our
net worth ratio of $1,320 demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through
$157,814,648 in share certificates and
$413,746,711 in money market shares, offering stable and rewarding financial growth opportunities. This commitment to safeguarding your funds sets us apart from traditional banks. With non-member deposits at
$0, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. Our strong performance is reflected in our
$190,919,640 in undivided earnings, which allows us to reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. We also have
$17,600 in used auto loans and
$1,082,654,080 in total loans and leases available to support our members' financial goals across various sectors. Though our net income currently stands at
$0, it reflects our operational efficiency and the careful management of resources. This enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having
369 full-time employees and
5 part-time employees who are dedicated to serving you with a knowledgeable, committed team. Together, we work hard to ensure that you receive the best possible service whenever you visit us. Our net shares (funds available for lending and investments) amount to
$22, which further enhances our ability to provide quality financial products tailored for your needs. With a total of
185,990 share accounts, we have built a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Credit Union 1 is your trusted partner. Visit us at 2444 Hemlock Ave Ketchikan Ak 99901 or call (907) 225-9485 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov, based on the latest results.
