Credit Union 1

Not tax-deductible

Anchorage, AKMutual-benefit / member-servingSince 1982Mutual / membership EIN 92-0021481Revenue $109.4M in FY2025

On file with the IRScu1.org1941 Abbott Rd, 99507-3448 · Anchorage, AKTax-exempt since Feb 1993

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Help members achieve their financial goals by focusing on excellent service and value

Run by 10 volunteers and 509 employees.
Mission: Form 990 Part I, line 1 · People: Part I, lines 5–6

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $11.9M a year · 14% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.9M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
17 mo
of spending, in cash
Plus $158.2M in investments, Pt X · Ln 11–13
Looks good: 17.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $32K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.3B
87% of total assets
Concern: liabilities are 87% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$109.4M
+9% vs prior year
Spent
$93.7M
To programs
0%
Net assets
$199.6M
By yearFY2020–FY2025
Revenue
$109.4M
FY2025▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$65.3M
FY2021$70.7M
FY2022$77.8M
FY2023$92.4M
FY2024$100.7M
FY2025$109.4M
Expenses
$93.7M
FY2025▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$58.8M
FY2021$56.2M
FY2022$66.5M
FY2023$83.3M
FY2024$86.6M
FY2025$93.7M
Net assets
$199.6M
FY2025▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$149.7M
FY2021$159.3M
FY2022$146.9M
FY2023$160.9M
FY2024$177.1M
FY2025$199.6M

From the FY2025 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

18 people listed on the 990; $2.9M paid to officers and key staff.

Part VII, Section A · reportable compensation
President/CEO
$570,260Pt VII · Sec A
Chief Lending Officer
$317,361Pt VII · Sec A
Chief Operating Officer
$314,909Pt VII · Sec A
Chief Financial Officer
$302,718Pt VII · Sec A
Chief Admin Officer
$271,813Pt VII · Sec A
VP of Enterprise Security
$197,102Pt VII · Sec A
VP of Marketing and Communications
$195,121Pt VII · Sec A
VP of Risk & Compliance
$186,501Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
James Wileman———$761,922$407,381$455,287
Debbie Casey—————$614,422
Mark Burgess$570,260$582,349$437,214$421,156$259,859$266,301
Davina R Simmons-Napier————$408,960$279,241
Charles Bostick———$363,026$269,696$271,390
Rachel Langtry———$320,371$277,630$289,892
Tina Narron$317,361$112,472————
Erika Smith$314,909$296,735$231,763———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps members reach financial goals through excellent service and value.

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Provided by the organization

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1 program · in their own filed words · FY2025
01

Provide services to eligible members

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$32K
Grants paid · 6 grants · $171K · 2020–2025
Unitemized GrantFY2025$33,300
Unitemized GrantFY2024$32,950
Unitemized GrantFY2023$30,550
Unitemized GrantFY2022$32,050
Unitemized GrantFY2021$20,500
Unitemized GrantFY2020$21,450

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$109.4M
Ln 12
Fees for servicesLn 2g$94.1M
Investment incomeLn 3$9.3M
Other incomeLn 4–11$6.0M
Money outPt IX
$93.7M
Ln 25
Owns and owesPt X
$199.6M
net assets · Ln 32
Cash and savingsLn 1–2$133.9M
Total assetsLn 16$1.5B
LiabilitiesLn 26$1.3B
PeoplePt VI, VII
18
listed · VII A
PaidVII A11
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$94.1M
Investment incomeLn 3$9.3M
Other incomeLn 4–11$6.0M
Gains on assetsLn 7$304K
Total revenueLn 12$109.4M
Assets in detailPt X, end of year
CashLn 1$13.9M
SavingsLn 2$120.1M
Cash and savings togetherLn 1–2$133.9M
InvestmentsLn 11–13$158.2M
Land, buildings, equipmentLn 10c$42.4M
Other assetsLn 15$38.3M
Total assetsLn 16$1.5B
LiabilitiesLn 26$1.3B
Net assetsLn 32$199.6M
OperationsPt I, VI
EmployeesI 5509
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$111.0M$133.9M
InvestmentsLn 11–13$188.9M$158.2M
Land, buildings, equipmentLn 10c$42.3M$42.4M
Total assetsLn 16$1.47B$1.53B
LiabilitiesLn 26$1.29B$1.33B
Net assetsLn 32$177.1M$199.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$33K
Pay of current officers, directors and key staffLn 5$2.5M
Pay of disqualified personsLn 6$27.2M
Pension plan contributionsLn 8$2.4M
Other employee benefitsLn 9$4.5M
Payroll taxesLn 10$2.4M
Legal feesLn 11b$175K
Accounting feesLn 11c$407K
Other fees for servicesLn 11g$562K
Advertising and promotionLn 12$1.3M
Office expensesLn 13$6.4M
Information technologyLn 14$6.0M
OccupancyLn 16$2.6M
TravelLn 17$688K
Conferences, conventions and meetingsLn 19$342K
InterestLn 20$14.5M
Depreciation, depletion and amortizationLn 22$4.5M
InsuranceLn 23$437K
Other expenses (24a–d)Ln 24$16.6M
All other expensesLn 24e$0
Total functional expensesLn 25$93.7M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $109.4M$93.7M$15.8M$199.6M 990 PDF
FY2024 $100.7M$86.6M$14.1M$177.1M 990 PDF
FY2023 $92.4M$83.3M$9.1M$160.9M 990 PDF
FY2022 $77.8M$66.5M$11.2M$146.9M 990 PDF
FY2021 $70.7M$56.2M$14.5M$159.3M 990 PDF
FY2020 $65.3M$58.8M$6.5M$149.7M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $109,427,043 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $85,046,534$94,124,290
I-10 Investment incomePrior year $11,817,078$9,271,636
I-11 Other revenuePrior year $3,834,981$6,031,117
I-12 Total revenuePrior year $100,698,593$109,427,043
I-13 Grants and similar amounts paidPrior year $32,950$33,300
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $36,218,200$38,998,592
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $50,386,959$54,641,714
I-18 Total expensesPrior year $86,638,109$93,673,606
I-19 Revenue less expensesPrior year $14,060,484$15,753,437
Part VI · Governance 7 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $109,427,043 across 7 lines filed
Lines not itemized here account for $308,728 of total revenue; see the IRS return.
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $18,301,285 · Unrelated business $231,009 · Excluded from tax $75,591,996$94,124,290
VIII-3 Investment incomeRelated to mission $8,967,836$8,967,836
VIII-7 Net gain or loss on sales of assetsRelated to mission $303,800$303,800
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,715,789 · Unrelated business $6,600$5,722,389
VIII-12 Total revenueRelated to mission $33,495,838 · Unrelated business $339,209 · Excluded from tax $75,591,996$109,427,043
Part IX · Statement of functional expenses $93,673,606 across 20 lines filed
IX-2 Grants to domestic individuals$33,300
IX-5 Pay of current officers, directors and key staff$2,481,979
IX-6 Pay of disqualified persons$27,205,084
IX-8 Pension plan contributions$2,425,905
IX-9 Other employee benefits$4,526,165
IX-10 Payroll taxes$2,359,459
IX-11b Legal fees$175,359
IX-11c Accounting fees$407,033
IX-11g Other fees for services$562,234
IX-12 Advertising and promotion$1,277,868
IX-13 Office expenses$6,412,749
IX-14 Information technology$6,047,878
IX-16 Occupancy$2,635,692
IX-17 Travel$688,184
IX-19 Conferences, conventions and meetings$342,273
IX-20 Interest$14,518,823
IX-22 Depreciation, depletion and amortization$4,529,911
IX-23 Insurance$437,299
IX-24 Other expenses (24a–d)$16,606,411
IX-24e All other expenses$0
IX-25 Total functional expenses$93,673,606
Part X · Balance sheet $1,526,130,736 assets, 13 lines filed
Asset lines not itemized here account for $1,149,705,149; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $15,075,307$13,870,897
X-2 Savings and temporary cash investmentsStart of year $95,894,979$120,071,725
X-9 Prepaid expenses and deferred chargesStart of year $4,051,403$3,668,631
X-10c Land, buildings and equipment, netStart of year $42,286,261$42,350,623
X-12 Other securitiesStart of year $188,894,542$158,194,332
X-15 Other assetsStart of year $36,732,385$38,269,379
X-16 Total assetsStart of year $1,468,794,139$1,526,130,736
X-17 Accounts payable and accrued expensesStart of year $1,165,870,126$1,229,305,703
X-24 Unsecured notes and loans payableStart of year $108,000,000$75,000,000
X-25 Other liabilitiesStart of year $14,222,132$17,828,562
X-26 Total liabilitiesStart of year $1,291,729,337$1,326,572,858
X-32 Total net assets or fund balancesStart of year $177,064,802$199,557,878
X-33 Total liabilities and net assetsStart of year $1,468,794,139$1,526,130,736
Part XI · Reconciliation of net assets $199,557,878 net assets at year end
XI-1 Total revenue$109,427,043
XI-2 Total expenses$93,673,606
XI-3 Revenue less expenses$15,753,437
XI-4 Net assets at start of year$177,064,802
XI-5 Net unrealized gains (losses) on investments$6,739,639
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$199,557,878

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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