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Membership

To join CU1, simply visit your nearest branch with a photo ID such as a driver's license or state ID card and an initial deposit of $5 into a share savings account.

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 LOCATIONS & HOURS

Member Service Center
(907) 339-9485
(800) 478-2222 (toll-free)

Branch Locations

Hours

ATM Locations

Have a Question?

Rates

Disclosures

This rate disclosure sets forth current conditions and rates applicable to your savings and spending account at Credit Union 1. The Credit Union may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate Disclosure and acknowledges that it is a part of the Deposit and Business Account Contracts. There is a $5 share requirement for each member number that will be held in your Regular Share Account (S1) for as long as the accounts open. There are no opening deposit requirements for any of our savings or spending accounts.

Spending & Savings

Effective Date:
03/01/2016
DIVIDEND RATE ANNUAL PERCENTAGE YIELD MINIMUM REQUIRED BALANCE
(to earn dividends)
Regular Share (S1)(S10)

0.10%

0.10%

$10

Secured (S50)

0.10%

0.10%

$10

Dollar Dog (S12)

0.10%

0.10%

$10

Transition Savings (S3)

(This account is no longer available.)

0.35%

0.35%

$5,000

Premium Savings (S19)

$5,000.00-$49,999.99
$50,000-$99,999.99
$100,000 or more

 

0.15%
0.25%
0.30%

 

0.15%
0.25%
0.30%

 

$5,000
$50,000
$100,000

IRA Savings (S65)

0.15%

0.15%

$1

Roth IRA (S66)

0.15%

0.15%

$1

SEP IRA (S67)

0.15%

0.15%

$1

Education IRA (S68)

0.15%

0.15%

$1

Roth Conversion (S69)

0.15%

0.15%

$1

Free Spending Account (S76)

-

-

-

Premium Spending (S77)

0.05%

0.05%

$1,000

Super Saver Spending (S78)

-

-

$100

Business Basics Spending (S87)

-

-

-

Business Premium Spending (S81)

0.05%

0.05%

$5,000

Business Super Saver Spending (S88)

-

-

-

Fee Schedule for Business and Personal Accounts

Truth-In-Savings Disclosures

Except as specifically described, the following disclosures apply to all accounts:

1. Rate Information

The dividend rate and annual percentage yield (APY) on your savings and spending accounts are set forth on page 1. For all accounts, the dividend rate and APY may change at any time as determined by management. The Premium savings account is a tiered rate account. The dividend rate for a particular tier will apply to the entire account balance if the account balance is within the balance range for that tier. The dividend rates and APYs are the prospective rates as of the effective date shown on page 1. The APY is based on an assumption that dividends will remain on deposit for one full year for savings and spending accounts. A withdrawal of dividends will reduce earnings.

2. Nature of Dividends

Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.

3. Compounding and Crediting

Dividends will be compounded and credited monthly. The dividend period begins on the first calendar day of the month and ends on the last calendar day of the month. Dividends are credited on the last day of each month.

4. Accrual of Dividends

Dividends will begin to accrue on the day you make the deposit to your account. For Transition savings, Premium savings and Business Premium spending accounts, accrued dividends will be paid up to the day the account is closed. For all other accounts, if you close your account before accrued dividends are credited, accrued dividends will not be paid.

5. Balance Information

The minimum balance required to earn the stated APY is set forth on page 1. If you do not maintain the minimum balance, you will not earn the stated APY. For Money Market, Transition and Premium savings,

and for Business Premium spending accounts, dividends are calculated by using the daily balance method, which applies a daily periodic rate to the balance in the account at the end of each day where the end of day balance is equal to or greater than the minimum balance. For all other dividend-earning accounts,
dividends are calculated by using the average daily balance method, which applies a periodic rate to the average daily balance in the account for the period, if the average daily balance for the period is equal to or greater than the minimum balance. The average daily balance is calculated by adding the principal in the account at the end of each day, then dividing the total by the number of days in the period.

6. Account Limitations

For all accounts except spending accounts, no more than six pre-authorized, automatic, or telephone transfers may be made from these accounts to another account of yours or to a third party in any month. If you exceed these limitations, your account may be subject to a fee or be closed.

  • For Dollar Dog accounts, the entire balance will be transferred to your Regular Share savings account on the last day of the month in which you turn 13.
  • Transition savings accounts are not available on business accounts. The entire balance of a Transition savings account will be transferred to another account of yours one year after opening the account. Deposits to the Transition savings account must come from outside Credit Union 1. Once established, no additional deposits can be made to a Transition savings account.
  • Secured account balances cannot be withdrawn until the credit union releases its security interest in funds on deposit.

Consumer Loans

We recognize that each member has their own unique financial hopes and dreams, and we’re here to help you turn those dreams into reality with the help of our competitive, affordable consumer loan  and credit card rates.  

Please visit your local branch or contact our Member Service Center at (907) 339-9485 or (800) 478-2222 if you’d like more information.

Consumer loans interest rates are best rates on approved credit, stated as Annual Percentage Rate (APR). Rates, terms and conditions are subject to change and may vary based on credit worthiness, qualifications and collateral conditions. All loans subject to approval. Other terms and conditions may apply.

Effective Date:
10/20/2016

LOAN TYPE

Interest Rates 
As low as:

Terms and Conditions

Cars and Trucks

2.70%

Up to 100% of the purchase price or NADA retail value (whichever is less), plus extended warranty.

Boats/Vessels

4.00%/5.50%/7.00%

Maximum loan amount $250,000. Marine survey required on loans over $40,000 on used boats.100% financing for boats under $40,000, Boats over $40,000 up to 90% of the purchase price/retail or surveyed value.

Motorhome (RVs), Travel Trailers, Truck/Camper Combo/ 5th Wheeler/ Toy Hauler

4.00%/5.50%

Up to 80% of the purchase price or NADA retail value (whichever is less), plus extended warranty.

Motorcycles

3.00%

Up to $30,000. Up to 100% of the purchase price, not exceed 100% of NADA retail value.

ATV, Snowmachine and Watercraft

3.00%

Up to $30,000. Up to 100% of the purchase price, not exceed 100% of NADA retail value.

Personal Premium

6.00%

Personal Premium loan is available for members who have an existing Real Estate (1st, 2nd mortgage, or HELOC) with Credit Union 1. Funds can be used for consolidation, braces, landscaping and appliances. You name it. Borrow between $5,000 and $40,000.

Personal Loan

10.95%

Personal loans can be used for braces, sports, equipment/uniforms, musical instruments, consolidations, vacations, and insurance deductibles. You name it. Borrow between $200 and $20,000.

Pledge of Share

Savings Rate

+2.0-3.0%

Only Regular Share accounts (S1) are eligible as collateral. Rate is based on the term of the loan. 

Pledge of Certificate

Certificate Rate

+2.0%

Term may not exceed the certificate maturity date.

 

Click here to view or print the consumer loan rates 

Apply Now

Credit Cards

Interest Rates and Interest Charges

Effective Date:
10/20/2016

CARD TYPE ANNUAL PERCENTAGE RATE (APR) for Purchase APR for Balance Transfers APR for Cash Advances
Classic

11.95%

11.95%

11.95%

Secured

13.90%

13.90%

13.90%

Gold

7.00%
This APR will vary with the market based on the Prime Rate.

7.00%
This APR will vary with the market based on the Prime Rate.

7.00%
This APR will vary with the market based on the Prime Rate.

Platinum

8.95%

8.95%

8.95%

Chrome

16.50%

16.50%

16.50%

Penalty APR and When it Applies:

None

How to Avoid Paying Interest on Purchases:

Your due date is at least 21 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.

For Credit Card Tips from the Consumer Financial Protection Bureau:

To learn more about factors to consider when applying for or using a credit card, visit the website of the Consumer Financial Protection Bureau at http://www.consumerfinance.gov/learnmore

Click here to view or print the consumer loan rates 

Apply Now

CARD TYPE ANNUAL FEE INTERNATIONAL TRANSACTION FEE PENALTY FEES
Classic

None

Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency.

Late Payment: $30.00
Returned Payment: $20.00

Secured

$15.00
This fee will be assessed each year on February 18

Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency.

Late Payment: $30.00
Returned Payment: $20.00

Gold

None

Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency.

Late Payment: $30.00
Returned Payment: $20.00

Platinum

None

Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency.

Late Payment: $30.00
Returned Payment: $20.00

Chrome

None

Up to 2% of the transaction amount is imposed on any card transaction made in a foreign country or currency.

Late Payment: $30.00
Returned Payment: $20.00

How We Will Calculate Your Business: We use a method called “average daily balance” (including new purchases). See your account agreement for more details.

Billing Rights: Information on your rights to dispute transactions and how to exercise those rights is provided in your account agreement.

To find out it information has changed, call (907) 339-9485 or (800) 478-2222, email service@cu1.org or write Credit Union 1, 1941 Abbott Road, Anchorage, AK 99507

Fee Schedule for Business and Personal Accounts

 

Real Estate

We recognize that each member has their own unique financial hopes and dreams, and we’re here to help you turn those dreams into reality with the help of our competitive, affordable rates on real estate.  

Please visit your local branch or contact our Member Service Center at (907) 339-9485 or (800) 478-2222 if you’d like more information.

The following is a disclosure of terms applicable to our current Real Estate loans. It outlines the general terms of Real Estate loan requirements. Please contact our Real Estate department for specific information. Property must be located in Alaska to qualify for a Credit Union 1 Real Estate loan.

Effective Date:
11/25/2016
NMLS #537375

LOAN TYPE RATE ANNUAL PERCENTAGE RATE NOTES
Owner Occupied 1st Deed of Trust (Single Family - 4-Plex or Approved/Eligible Condo)
15-Year Fixed 3.375% 3.570% Based on $100,000 loan for the specified term
30-Year Fixed 4.125% 4.237% Based on a $100,000 loan for the specified term
Second Homes 1st Deed of Trust (Single Family - 4-Plex or Approved/Eligible Condo)
20-Year Fixed

4.125% 4.280% Based on a $100,000 loan for the specific term.
Owner Occupied 1st Deed of Trust (Single Family or Approved/Eligible Condo)
15-Year Fixed (First Time  Homebuyer) 3.375% 3.421%
  • Based on a $100,000 loan for specific term
  • No origination fee on the loans
  • Income limitations apply
  • Maximum Term: 15 Years
30-Year Fixed (First Time Homebuyer) 4.125% 4.153%
  • Based on a $100,000 loan for specific term
  • No origination fee on the loans
  • Income limitations apply
  • Maximum Term: 30 Years
Owner Occupied Home Equity 2nd Deed of Trust (Single Family - 4-Plex)
Fixed Rate 7.500% 7.779%
  • Based on a $80,000  loan for 12-year term
  • Income limitations apply
  • Maximum Term: 12 Years
Owner Occupied Equity Advantage (Single Family or Duplex)
Adjustable Rate 4.00% 4.000%
  • Minimum Rate: 4.000%
  • Maximum Rate: 15.000%
  • Monthly Adjustable Max: 85% Loan to Value
Non-Owner Occupied 1st Deed of Trust (Single Family - 4-Plex)
20-Year Fixed 5.375% 5.664% Based on a $100,000 loan for the specified term and the loan to value is 75% and below.
Unimproved/Recreational Property
12-Year Fixed 8.250% 8.556% Based on a $50,000 loan for a 12-year term
5 year loan- 65% loan to value- 7.000%-7.429% APR
Any One Purpose Loan (Owner Occupied- Single Family, or Duplex)
Up to 60 Months Fixed 6.500% 7.105%
  • Based on a $7,500 loan for a 5 year (60 month term)
  • Based on a $15,000 loan for a 10-year (120 month) term.
  • Based on a $20,000 loan for a 15-year (180 month) term.
  • No equity in the home is required
Up to 120 Months Fixed 7.500% 7.665%
Up to 180 Months Fixed 8.500% 8.592%

Click here to view or print the real estate rates 

Apply Now

Disclosure of Terms: Interest rates and/or points, terms and conditions are subject to change without notice, and may vary based on credit quality, loan amount, property type and collateral conditions. The Annual Percentage Rates (APRs) disclosed above assume a 20% down payment (30% on unimproved and recreational property) and include a 1% origination fee for all owner occupied properties and an additional 1% fee for all non-owner occupied properties. Example rate of 4.500% APR with 360 monthly payments (30 year) = $506.69 monthly per $100,000 borrowed. If the down payment is less than 20% for owner occupied first deeds of trust, mortgage insurance may be needed; this could increase the payment and APR. The APR does not include all closing costs. The interest rate for Adjustable Rate Mortgage (ARM) loans may increase after consummation. The monthly payment does not reflect amounts to be paid into escrow, such as taxes or insurance. All loans are subject to credit approval.

Certificates

We recognize that each member has their own unique financial hopes and dreams, and we’re here to help you turn those dreams into reality with the help of our competitive, affordable rates for certificates.

Please visit your local branch or contact our Member Service Center at (907) 339-9485 or (800) 478-2222 if you’d like more information. 

This Rate Disclosure sets forth current conditions and rates applicable to your certificate accounts at Credit Union 1. The Credit Union may offer other rates or amend the rates contained in this schedule from time to time. Each account holder agrees to the terms set forth on this Rate Disclosure and acknowledges that it is a part of the Deposit and Business Account Contracts.

Effective Date:
4/29/2016

Dividend Rate

Annual Percentage Yield

Minimum Balance Required

1 Month Certificate (30 – 90 days)
$500.00 – $39,999.99 (I1)
$40,000.00 – $99,999.99 (I1)
$100,000 or more (I1)

0.05%
0.10%
0.15%

0.05%
0.10%
0.15%

$500.00
$40,000.00
$100,000.00
3 Month Certificate (91 – 181 days)
$500.00 – $39,999.99 (I3)
$40,000.00 – $99,999.99 (I3)
$100,000 or more (I3)

0.15%
0.20%
0.25%

0.15%
0.20%
0.25%

$500.00
$40,000.00
$100,000.00
6 Month Certificate (182 – 364 days)
$500.00 – $39,999.99 (I6)
$40,000.00 – $99,999.99 (I6)
$100,000 or more (I6)

0.25%
0.30%
0.35%

0.25%
0.30%
0.35%

$500.00
$40,000.00
$100,000.00
1 Year Certificate (365-546 days)
$500.00 – $39,999.99 (I12)
$40,000.00 – $99,999.99 (I12)
$100,000 or more (I12)

0.60%
0.65%
0.70%

0.60%
0.65%
0.70%

$500.00
$40,000.00
$100,000.00
1.5 Year Certificate (547 – 729 days)
$500.00 – $39,999.99 (I18)
$40,000.00 – $99,999.99 (I18)
$100,000 or more (I18)

0.95%
1.00%
1.05%

0.95%
1.00%
1.05%

$500.00
$40,000.00
$100,000.00
2 Year Certificate (730 – 911 days)
$500.00 – $39,999.99 (I24)
$40,000.00 – $99,999.99 (I24)
$100,000 or more (I24)

1.25%
1.30%
1.35%

1.26%
1.31%
1.36%

$500.00
$40,000.00
$100,000.00
2.5 Year Certificate (912 – 1094 days)
$500.00 – $39,999.99 (I30)
$40,000.00 – $99,999.99 (I30)
$100,000 or more (I30)

1.30%
1.35%
1.40%

1.31%
1.36%
1.41%

$500.00
$40,000.00
$100,000.00
3 Year Certificate (1095 – 1460 days)
$500.00 – $39,999.99 (I36)
$40,000.00 – $99,999.99 (I36)
$100,000 or more (I36)

1.60%
1.65%
1.70%


1.61%
1.66%
1.71%

$500.00
$40,000.00
$100,000.00
4 Year Certificate (1461 – 1825 days)
$500.00 – $39,999.99 (I48)
$40,000.00 – $99,999.99 (I48)
$100,000 or more (I48)

1.75%
1.80%
1.85%

1.76%
1.81%
1.86%


$500.00
$40,000.00
$100,000.00

5 Year Certificate (1826 days)
$500.00 – $39,999.99 (I60)
$40,000.00 – $99,999.99 (I60)
$100,000 or more (I60)

1.95%
2.00%
2.05%

1.96%
2.02%
2.07%

$500.00
$40,000.00
$100,000.00

IRA Certificate
1 year (365 – 729 days, I32/33/90/91)
2 year (730 - 1094 days, I34/35/92/93)
3 year (1095 – 1460 days, I31/37/94/95)
4 year (1461 – 1825 days, I38/39/96/97)
5 year (1826 days, I40/41/98/99)


0.65%
1.30%
1.65%

1.80%

2.00%


0.65%
1.31%
1.66%

1.81%

2.02%


$500.00

Truth-In-Savings Disclosures

Except as specifically described, the following disclosures apply to all accounts:

Rate Information

The dividend rate and annual percentage yield (APY) on your certificates are set forth above. The dividend rates and APYs are the prospective rates as of the effective date shown above. The dividend rate and APY are fixed and will be in effect for the term of the account. The APY is based on an assumption that dividends will remain on deposit until maturity. A withdrawal of dividends will reduce earnings.

Nature of Dividends

Dividends are paid from current income and available earnings after required transfers to reserves at the end of a dividend period.

Compounding and Crediting

The dividend period begins on the first calendar day of the quarter and ends on the last calendar day of the quarter. Dividends will be compounded and credited at the end of each calendar quarter and upon maturity. For I1 and I3 certificates, dividends will be  paid upon maturity only.

Accrual of Dividends

Dividends will begin to accrue on the day you make the deposit to your account. If you close your certificate account before accrued dividends are credited, accrued dividends will not be paid.

Balance Information

The minimum balance required to open each account and earn the stated APY is set forth above. If you do not maintain the minimum balance, you will not earn the stated APY. Dividends are calculated by using the daily balance method, which applies a daily periodic rate to the balance in the account each day.

Certificate Account Features

  1. Account Limitations
    After your certificate account is opened, you may not make additional deposits to a certificate account.
  2. Maturity
    Your certificate account will mature on the maturity date set forth on your renewal notice.
  3. Early Withdrawal Penalty
    We may impose a penalty if you withdraw any of the principal of your certificate account before the maturity date.

Click here to view or print the certificate rates 

 

NCUA Insured
NCUA
logo

Your savings are federally insured to at least $250,000 by the National Credit Union Administration and backed by the full faith and credit of the United States Government.

Contact
  • Branch Locations
  • Phone: (907) 339-9485
  • Toll-Free: (800) 478-2222
  • Routing #: 325272063
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