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About Credit Union 1
We're more than just a financial institution. We're a social movement for positive change in Alaska.
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Core Values
Annual Reports
Our mission in Alaska is to help members achieve their financial goals by focusing on excellent service and value.
Our Core Values
We devote ourselves to the highest ethical standards in all our professional obligations.
We are a socially and ethically responsible organization.
We encourage innovation in the discovery and development of new products and services.
We set our standards high to provide excellent service and value.
We acknowledge that it is our responsibility to take an active role in our communities.
Cooperative Principles
As financial cooperatives, credit unions operate under different values and rules than big banks. Below are the seven principles of cooperatives, as explained by the National Credit Union Foundation (NCUF).
1. Voluntary and open membership.
Credit unions open their doors to people regardless of their race, gender, or financial situation. As not-for-profit institutions, they are devoted to their members’ financial wellness and not to make a profit.
2. Democratic member control.
Co-ops operate on a democratic platform, meaning every member has a vote, no matter their financial status. Each credit union also has a board of directors that serve on a volunteer basis.
3. Member economic participation.
Members are both owners and customers at credit unions. The more people that participate, the more a credit union can give back in the form of more products, lower loan rates, higher savings yields and fewer fees.
4. Autonomy and independence.
Cooperative cred unions are owned by members, not shareholders, making each member the boss.
5. Financial education, training, and information.
Credit unions are committed to providing financial education to their members and to the community at large. From budgeting basics to retirement planning and how credit works, we do all they can to ensure that the general public and policymakers are informed.
6. Cooperation among cooperatives.
Working together, financial cooperatives are there when you need them. Credit unions provide more ATMs than the world’s largest bank.
7. Concern for the community.
Credit unions are passionate about serving their members and about making an impact in the community. They volunteer for local charities and participate in causes to make a difference.