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Golden 1 Credit Union

From Wikipedia, the free encyclopedia
Golden 1 Credit Union
FormerlyCalifornia State Employees’ Credit Union #1
TypeCredit Union
IndustryFinancial services
Founded(1933 (1933))
Headquarters,
Number of locations
70 branches (2026)
Key peopleDonna A. Bland (President & CEO)
ProductsChecking, savings, consumer loans, mortgage loans, credit cards, online banking, investments, insurance
Revenue$587.5 million (2025)
$110 million (2026)[1]
Total assets$21.5 billion USD (2026)[1]
Members1,100,000 (2026)
Number of employees
2,000+ (2026)[1]
Websitegolden1.com

Golden 1 Credit Union (or Golden 1) is a credit union headquartered in Sacramento, California. Golden 1 is one of the nation's largest credit unions and the second largest credit union in the State of California.[2] It currently serves its members throughout California with more than 70 branches, including home loan and financial resource centers, and over 30,000 CO-OP ATMs nationwide.[3]

History

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Founded in 1933 as California State Employees' Credit Union #1, the credit union officially changed its name to Golden 1 in 1977.[4]

Golden 1 launched its college scholarship program in 2013, and has since granted approximately $5 million to nearly 600 Californians.[5][6]

On June 16, 2015, Golden 1 acquired naming rights for a new arena in the heart of downtown Sacramento to replace the Sacramento Kings' Sleep Train Arena. This investment cost $120 million over 20 years, with an average annual value at $6 million. It is one of the largest naming rights deals for a single-tenant NBA arena and the first time a credit union has put its name on a major sports facility.[7]

In June 2018, Golden 1 became the first state-chartered credit union to be granted statewide field of membership in California. This made Golden 1 one of the nation's largest credit unions and the second largest credit union in the State of California.[2]

In 2023, Golden 1 was included as part of Fast Company’s “Brands That Matter” list.[8] It also pledged $10 million to invest in Del Paso Heights over five years in order to improve equity and economic inclusion.[9] The following year, the credit union opened its first financial resource center, also located in that community.[10] Its second financial resource center opened in Madera, California in October 2025.[11]

In 2025, Golden 1 was included as part of American Banker’s “Best Credit Unions to Work For” list for its fifth consecutive year as well as Forbes’ and TIME’s “America’s Best Midsize Employers” ranking.[12][13][14]

In 2026, Forbes included Golden 1 on its “America’s Dream Employers” list,[15] whereas Newsweek and USA Today ranked the company on the “America’s Best Regional Banks & Credit Unions” and “America’s Best Customer Service in Financial Services” lists, respectively.[16][17]

As of 2026, Golden 1 had over US$21 billion in assets and more than 1.1 million members.[2] The current President & CEO is Donna A. Bland.[18]

Operations

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Golden 1 serves its members throughout California with more than 70 branches, including home loan and financial resource centers, and over 30,000 CO-OP ATMs nationwide.[2] It provides relief programs for those needing financial stability assistance amid pay disruption or unexpected circumstances.[19] Golden 1 also offers payroll assistance loan programs, providing interest free, 60-day loans equal to a member's net federal payroll deposit for one month.[20]

References

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  1. 1 2 3 "Annual Report 2025" (PDF).
  2. 1 2 3 4 "The Top 100 Credit Unions in the USA". Archived from the original on 2020-11-12. Retrieved 2014-04-14.
  3. ↑ "Golden 1 Credit Union - About Us". Archived from the original on 2012-03-06. Retrieved 2012-01-24.
  4. ↑ https://www.golden1.com/blog/golden-1-celebrates-90-years-of-innovation-and-community-commitment-in-california
  5. ↑ Poukish, Hannah (30 May 2025). "California students can get $20,000 for college. Here's how to apply before the deadline". Sacramento Bee. Archived from the original on 27 January 2025. Retrieved 8 October 2026.
  6. ↑ Stafford, Sabra (1 September 2025). "Golden 1 awards nearly $500k in scholarships, including Newman valedictorian headed to Stanford". Westside Connect.
  7. ↑ "Introducing Golden 1 Center: Golden 1 Credit Union and Sacramento Kings Announce Naming Rights Partnership for Sacramento's World-Class Entertainment & Sports Center" (Press release). Sacramento Kings. June 16, 2015. Archived from the original on November 9, 2016. Retrieved October 8, 2026.
  8. ↑ Barker, Rebecca (3 October 2023). "You can bank on these 3 brands when it comes to financial health". Fast Company.
  9. ↑ Smith, Marcus (31 July 2023). "This Sacramento neighborhood was given a $10 million investment to improve the area". Sacramento Bee.
  10. ↑ Wulff, Rachel (23 January 2024). "Golden 1 Credit Union brings financial resource center to Sacramento's Del Paso Heights". CBS. Archived from the original on 24 July 2025. Retrieved 8 October 2026.
  11. ↑ Gonzales, Dylan (3 October 2025). "Golden 1 opens first Central Valley financial resource center in Madera". The Business Journal. Archived from the original on 22 October 2025. Retrieved 8 October 2026.
  12. ↑ Place, Nathan (18 August 2025). "The best credit unions to work for in 2025". American Banker. Archived from the original on 31 March 2026. Retrieved 8 October 2026.
  13. ↑ "Best Midsize Employers". Forbes. Archived from the original on 2025-08-28. Retrieved 2026-10-08.
  14. ↑ "America's Best Midsize Companies of 2025". TIME. 10 July 2025. Archived from the original on 15 September 2026. Retrieved 8 October 2026.
  15. ↑ Rabkin Peachman, Rachel (18 November 2025). "America's Dream Employers". Forbes. Archived from the original on 24 April 2026. Retrieved 8 October 2026.
  16. ↑ Cunningham, Jennifer. "America's Best Regional Banks & Credit Unions 2026". Newsweek. Archived from the original on 2026-08-27. Retrieved 2026-10-08.
  17. ↑ "Which banks, credit cards and insurers have the best customer service?". USA Today. 23 January 2026.
  18. ↑ "Donna Bland Named President and CEO of Golden 1 Credit Union". Archived from the original on 2011-07-11. Retrieved 2010-12-28.
  19. ↑ "Golden 1's Support to Federal Employees Amid Shutdown". California Credit Unions. 3 October 2025. Archived from the original on 24 April 2026. Retrieved 8 October 2026.
  20. ↑ Calvey, Mark (1 October 2025). "Credit unions lend a hand to furloughed government employees in Bay Area". San Francisco Business Times.
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