Credit Union 1
501(c)(14)
Strong reserves Growing revenue
Credit Union 1 is a 501(c)(14) organization based in Anchorage, Alaska, registered in 1993, with $92,423,998 in FY2023 revenue.
1941 Abbott Rd, Anchorage, AK, 99507 EIN 92-0021481 Since 1993
Revenue (FY2023)
$92.4M
▲ 18.9% vs prior year
Expenses (FY2023)
$83.3M
Net assets
$160.9M
Employees
516
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Credit Union 1— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating23 mo reserves · +10% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Credit Union 1: 23 mo reserves · +10% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Credit Union 1: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Credit Union 1: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Help members achieve their financial goals by focusing on excellent service and value.
Contact & location
Financial trends
Revenue grew from $56.9M (FY2013) to $92.4M (FY2023) across 10 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $1.4BNet assets $160.9M
Operating margin
9.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.5B
Total liabilities
$1.4B
Net assets
$160.9M
Salaries & benefits
$35.0M
42% of expenses
Board members
7
7 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $92,423,998▲18.9% | $83,312,210▲25.2% | $160,935,800▲9.5% | $1,519,582,740▲3.0% | 990 |
| 2022 | $77,760,445▲9.9% | $66,519,887▲18.3% | $146,915,561▼7.8% | $1,475,579,183▲0.4% | 990 |
| 2021 | $70,736,844▲8.3% | $56,215,868▼4.3% | $159,347,600▲6.5% | $1,468,974,903▲13.5% | 990 |
| 2020 | $65,289,354▼4.8% | $58,760,833▲0.3% | $149,691,384▲6.1% | $1,293,913,722▲18.7% | 990 |
| 2019 | $68,611,533▲3.1% | $58,593,958▲1.7% | $141,023,606▲12.1% | $1,090,013,655▲6.6% | 990 |
| 2017 | $66,519,842▲1.7% | $57,627,444▼8.3% | $125,788,039▲6.1% | $1,022,991,297▲1.6% | 990 |
| 2016 | $65,399,610▲2.3% | $62,850,139▲8.2% | $118,544,504▲1.7% | $1,006,920,083▲3.3% | 990 |
| 2015 | $63,944,987▲7.6% | $58,112,983▲12.9% | $116,620,005▲4.8% | $975,192,108▲5.4% | 990 |
| 2014 | $59,422,223▲4.4% | $51,488,878▲8.7% | $111,282,595▲6.9% | $924,792,310▲3.9% | 990 |
| 2013 | $56,922,704 | $47,389,138▲5.5% | $104,126,120▲9.2% | $889,879,533▲3.2% | 990 |
| 2012 | — | $44,938,744▲6.2% | $95,353,573▲5.3% | $862,355,591▲4.3% | 990 |
| 2011 | — | $42,328,816▲8.0% | $90,584,328▲7.6% | $826,893,960▲8.1% | 990 |
| 2010 | — | $39,188,517▼4.4% | $84,191,946▲10.0% | $764,930,212▲6.3% | 990 |
| 2009 | — | $40,998,628 | $76,548,187 | $719,339,186 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Mark Burgess — $437,214 (0.52% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Burgess | President/ceo | 40 | $437,214 |
| Keith Bennett | Cto | 40 | $248,098 |
| Erika Smith | Coo | 40 | $231,763 |
| Travis C Frisk | Cfo | 40 | $204,162 |
| Wendy Yow | Svp of Human Resources | 40 | $188,772 |
| Rachel Guyselman | Svp of Risk and Compliance | 40 | $182,120 |
| Terri L Colson | Vp of Project Solutions | 40 | $171,891 |
| Steven Greenbaum | Avp of Enterprise Security | 40 | $170,209 |
| Deborah Manfred | Vp of Real Estate Lending | 40 | $166,207 |
| Jarred W Landry | Clo | 40 | $160,845 |
| Andre Horton | Director | 1 | — |
| Colin Baxter | Treasurer | 1 | — |
| Jennifer Bernard | Vice Chair | 1 | — |
| Joe Towslee | Director | 1 | — |
| Marietta Ed Hall | Secretary | 1 | — |
| Steven Cavin | Chair | 1 | — |
| Yuliya Mitchell | Director | 1 | — |
Frequently asked questions
- Is Credit Union 1 a legitimate nonprofit?
- Yes. Credit Union 1 is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 92-0021481, based in Anchorage, Alaska.
- What is Credit Union 1's EIN?
- Credit Union 1's Employer Identification Number (EIN) is 92-0021481.
- How much revenue does Credit Union 1 report?
- Credit Union 1 reported $92,423,998 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much does Credit Union 1's highest-paid employee make?
- The highest reported compensation on Credit Union 1's latest Form 990 is $437,214, paid to Mark Burgess (President/ceo).
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Data for Credit Union 1 (EIN 92-0021481) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.