Credit Union 1

Organization Overview

Credit Union 1 is located in Anchorage, AK. The organization was established in 1993. According to its NTEE Classification (W61) the organization is classified as: Credit Unions, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2019, Credit Union 1 employed 501 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Credit Union 1 is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2019, Credit Union 1 generated $68.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $58.6m during the year ending 12/2019. While expenses have increased by 0.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

HELP MEMBERS ACHIEVE THEIR FINANCIAL GOALS BY FOCUSING ON EXCELLENT SERVICE AND VALUE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE SERVICES TO ELIGIBLE MEMBERS


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Board, Officers & Key Employees

Name (title)Compensation
Name Not Listed
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$58,099,412
Investment income $4,795,372
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $292,602
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $68,611,533

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Credit Union 1 has recieved totaling $8,345.

Awarding OrganizationAmount
Child Care Connection Inc

Anchorage, AK

PURPOSE: APP Mini-Grant & Staff Developement

$8,345
View Grant Recipient Profile

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