Throughout 2019, Credit Union 1 is hosting special #CU1LUV Day events in each of our branch communities. These free events are our way of saying thank you to all the friends, neighbors and CU1 members who help make Alaska such a special place to be! Join us for free hors d'oeuvres, free swag, and a chance to chat with our President/CEO James Wileman.
All branches and our Member Service Center will be closed:
It’s National Credit Union Youth Month, and CU1 is excited to celebrate our youngest members. In each of our statewide branches, children will find coloring sheets and goodies to grab, specially decorated teller stations (April 8-12), and employees on hand to help your child open their very first savings account.
In addition to kid-friendly activities, Credit Union 1 will also be raising funds for Junior Achievement of Alaska in April. This local organization’s mission is to help prepare Alaskan students for a bright future. By donating to this worthy cause, you’ll empower this organization to continue providing volunteer-delivered, kindergarten-12th grade programs that foster work-readiness, entrepreneurship and financial literacy skills. Thank you for your support!
Credit Union 1 has announced that it will initiate a pilot program to provide financial services to Marijuana Related Businesses (MRB). Since 2014 when marijuana was legalized in Alaska, the lack of financial services for MRBs has flooded local streets with cash, resulting in a community safety issue. Credit Union 1 hopes to help relieve this issue by providing financial services to MRBs. Note that Credit Union 1 will only provide services to legally operating businesses, and these MRBs will be under constant, comprehensive monitoring by our compliance team to ensure all aspects of their businesses stay legal.
It’s important to note that Credit Union 1 does not take a political or moral position on the legalization of marijuana by providing services to these businesses. When it comes to our members, we always seek to meet the financial needs of those we serve without judgment or prejudice – and as a state-chartered credit union that only serves Alaskans, we are in the best position to provide this service for MRBs. Credit Union 1 has a long history of providing services to the underserved, from helping individuals with lower credit scores get loans and other vital financial services; to being the first financial institution in over 23 years to open a branch in the Mountain View community of Anchorage. Now, we will again provide financial services to those who have nowhere else to go.
In 2018 alone, CU1 members and employees have fundraised and donated over $207,000 to Alaskan communities and volunteered over 5,100 hours to nonprofits in need. We have been recognized throughout on a national level for our efforts to support community-minded organizations and initiatives from soup kitchens to youth engagement organizations. To further support our Alaskan communities in 2019, we will donate a minimum of 1% of all profits received from our MRB pilot program to the #CU1LUV Community Fund.
If you’ve ever felt like banks have their values backwards or like your credit union should stay local and loyal, then rest assured that you’re on the right path with Credit Union 1. We live each and every day with the mission to lead change, uplift others and value people – and we achieve this goal in a wide variety of ways.