Golden 1 Credit Union celebrates $10 billion in assets milestone
Sacramento-based company becomes one of six credit unions nationally with the distinction
SACRAMENTO, CA (June 17, 2016) — Golden 1 Credit Union (Golden 1) today announced it has reached $10 billion in assets, a significant milestone for the Sacramento-based not-for-profit financial institution. Crossing this important threshold allows Golden 1 to benefit from economies of scale to advance its financial products and services for the ultimate benefit of members across California. Golden 1 joins five other credit unions nationwide that have more than $10 billion in assets, and attributes reaching this milestone to the institution’s unwavering commitment to member service.
“We take great pride in knowing members trust Golden 1 as their financial partner,” said Donna Bland, President and CEO, Golden 1. “Our growth is a testament to the credit union difference and we will continue to communicate the many benefits of joining a not-for-profit financial institution. Golden 1 Credit Union is a valuable, long-term partner that is helping consumers live better lives and achieve their financial goals.”
Golden 1 connects its growth trajectory and success to its steadfast commitment to providing value, convenience, and exceptional service to members. With nearly 800,000 members who consistently give the credit union very high service ratings, Golden 1 has seen impressive growth in the recent past. Since 2014, the credit union has provided members with more than $3 billion in auto financing and more than $1.6 billion in home loans and home equity lines. Also, more than 780,000 Golden 1 members can shop with increased security and peace of mind thanks to their new chip-enabled debit and credit cards. In the past three years, home loans have grown by 51 percent, auto loans have grown by 130 percent, and Golden 1 has seen a 22 percent leap in membership.
“Golden 1 focuses every day on putting members first and delivering financial solutions with value, convenience, and exceptional service. Our member-focused philosophy has helped us grow and thrive throughout California,” said Dustin Luton, Executive Vice President and Chief Financial Officer for Golden 1. “Golden 1 was founded in Sacramento more than 80 years ago and we now serve members across California. We remain committed to financial strength and security and we are now over $10 billion strong.”
Golden 1’s success is also a reflection of its commitment to being a caring community partner, giving back to those who work to make a positive impact on the people they serve. “As Golden 1 grows, so does our capacity to serve members, make financial dreams a reality, and give back to our communities,” said Bland.
About Golden 1 Credit Union
With over $18 billion in assets, Golden 1 Credit Union is one of the largest and most admired credit unions in the United States and proudly serves all those who live or work in California. Golden 1 delivers financial solutions with value, convenience, and exceptional service to its members. As a dynamic and trusted leader, Golden 1 is committed to enhancing the financial well-being of Californians and their diverse communities. Golden 1 is more than 1 million members strong and has over 2,000 employees. Visit [golden1.com]golden1.com for more information.
