Written by The Business Journal Staff
Sacramento-based Golden 1 Credit Union announced it has reached a key milestone — $10 billion in assets.
That puts Golden 1 in the company of five other credit unions nationwide, according to a news release.
As of March 2015, Golden 1 Credit Union reported $478.2 million in assets in the Central Valley, according to The Business Journal’s Credit Unions list. It has nearly 800,000 members in 38 or California’s 58 counties. There are six branches in the Fresno-Clovis area, one in Oakhurst and another in Hanford, according to the its website.
“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.”
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. 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.