The Golden 1 Credit Union

The Golden 1 Credit Union Overview

The Golden 1 Credit Union is located in Sacramento, CA. The organization was established in 2017. 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, Golden 1 Credit Union employed 2,313 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden 1 Credit Union 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, Golden 1 Credit Union generated $532.3m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 9.1% each year. All expenses for the organization totaled $433.8m during the year ending 12/2019. While expenses have increased by 9.6% 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

THE GOLDEN 1 CREDIT UNION DELIVERS FINANCIAL SOLUTIONS WITH VALUE, CONVENIENCE, AND EXCEPTIONAL SERVICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GOLDEN 1 OFFERS AN ARRAY OF DEPOSIT PRODUCTS TO OUR MEMBERSHIP, INCLUDING SAVINGS, CHECKING, MONEY MARKET, IRAS AND CERTIFICATES. WHILE EARNING COMPETITIVE DIVIDEND RATES, OUR MEMBERSHIP CAN ACCESS THEIR DEPOSITS THROUGH OUR BRANCH NETWORK, VIA AN ATM, ONLINE OR BY CALLING OUR MEMBER SERVICE CONTACT CENTER.


GOLDEN 1 OFFERS AN ARRAY OF COMPETITIVE LOAN OPTIONS TO OUR MEMBERSHIP, INCLUDING NEW AND USED AUTO, FIRST MORTGAGE, HOME EQUITY, CREDIT CARD AND PERSONAL LOANS. GOLDEN 1 STRIVES TO MAINTAIN COMPETITIVE PRICING AND A VARIETY OF LOAN PRODUCTS THAT MEET OUR MEMBER'S BORROWING NEEDS. MEMBERS CAN APPLY FOR LOANS IN A BRANCH, ONLINE, OR AT AN AUTO DEALERSHIP.


GOLDEN 1 OFFERS OUR MEMBERS AN ARRAY OF INSURANCE AND INVESTMENT-RELATED PRODUCTS SUCH AS CREDIT LIFE/CREDIT DISABILITY, MECHANICAL BREAKDOWN INSURANCE, GUARANTEED ASSET PROTECTION AND FINANCIAL CONSULTING.


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The Golden 1 Credit Union Board, Officers & Key Employees

The Golden 1 Credit Union Vendors

Vendor Name (Service)Compensation
Allied Universal Security Services
Security Services
$1,041,755
Dna Brand Mechanics
Advertising
$5,078,091
Printing By Design
Printing Services
$603,948
Kpmg Llp
Audit & Consulting
$430,740
Sacramento Kings
Advertising
$5,503,753
View All Vendors

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$353,501,067
Investment income $70,811,452
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,692,582
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $532,330,203

The Golden 1 Credit Union Peer Organizations

Organization NameAssets
The Golden 1 Credit Union
Sacramento, CA
$532,330,203
San Diego County Credit Union
San Diego, CA
$343,670,713
Patelco Credit Union
Dublin, CA
$299,706,510
Onpoint Community Credit Union
Portland, OR
$316,165,709
Credit Unions In The State Of California
Sunnyvale, CA
$257,132,367
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Pasadena, CA
$217,920,461
Travis Credit Union
Vacaville, CA
$180,779,315
Safe Credit Union
Folsom, CA
$166,534,195
Credit Unions In The State Of California
Santa Rosa, CA
$237,085,485
One Az Credit Union
Phoenix, AZ
$106,232,415
California Credit Union
Glendale, CA
$155,942,457
Educational Employees Credit Union
Fresno, CA
$143,847,329

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