2026-07-22T11:10:17+00:00 2025-12-31 990 2025-01-01 920021481 Credit Union 1 CRED 9073399485 1941 Abbott Road Anchorage AK 99507 Mark Burgess President, CEO 9073398138 2026-07-22 2025 2025-03-06 01:10:19Z Mark Burgess 1941 Abbott Road Anchorage AK 99507 154020826 false X www.cu1.org X 1982 AK HELP MEMBERS ACHIEVE THEIR FINANCIAL GOALS BY FOCUSING ON EXCELLENT SERVICE AND VALUE. 7 7 509 10 339209 0 0 85046534 94124290 11817078 9271636 3834981 6031117 100698593 109427043 32950 33300 0 36218200 38998592 0 0 50386959 54641714 86638109 93673606 14060484 15753437 1468794139 1526130736 1291729337 1326572858 177064802 199557878 HELP MEMBERS ACHIEVE THEIR FINANCIAL GOALS BY FOCUSING ON EXCELLENT SERVICE AND VALUE false false PROVIDE SERVICES TO ELIGIBLE MEMBERS 0 false false false false false false false false true false true true false false true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false true 15282 0 true 509 true true true false false false false false false false X 7 7 true false false false true true false true true false true true true true true true true true true true false false AK X Travis C Frisk CFO 9073398155 1941 Abbott Road Anchorage AK 99507 ANDRE HORTON DIRECTOR 1.0 X 0 0 0 CAROL GORE DIRECTOR 1.0 X 0 0 0 COLIN BAXTER TREASURER 1.0 X 0 0 0 JENNIFER BERNARD CHAIR 1.0 X 0 0 0 JOE TOWSLEE DIRECTOR 1.0 X 0 0 0 MARIETTA ED HALL VICE CHAIR 1.0 X 0 0 0 YULIYA MITCHELL SECRETARY 1.0 X 0 0 0 BENJAMIN D CRAIG CHIEF ADMIN OFFICER 40.0 X 271813 0 17260 ERIKA SMITH CHIEF OPERATING OFFICER 40.0 X 314909 0 114392 KEITH BENNETT CHIEF TECHNOLOGY OFFICER 40.0 X 160052 0 16134 MARK BURGESS PRESIDENT/CEO 40.0 X 570260 0 122121 TINA NARRON CHIEF LENDING OFFICER 40.0 X 317361 0 38485 TRAVIS C FRISK CHIEF FINANCIAL OFFICER 40.0 X 302718 0 236474 ANGELA BRADFORD VP OF RISK & COMPLIANCE 40.0 X 186501 0 50626 KARRI WIGGERS VP OF HUMAN RESOURCES 40.0 X 181345 0 59790 KERRY YOUNGREN VP OF MARKETING AND COMMUNICATIONS 40.0 X 195121 0 40403 STEVEN GREENBAUM VP OF ENTERPRISE SECURITY 40.0 X 197102 0 100497 TYLER HASBROUCK VP OF MEMBER EXPERIENCE 40.0 X 183378 0 58912 2880560 0 855094 42 false true false 0 0 INTEREST FROM LOANS 75591996 75591996 SERVICING FEES 17987187 17756178 231009 ORIGINATION FEES 545107 545107 0 0 0 0 94124290 8967836 8967836 0 0 44897583 44593783 0 303800 303800 303800 0 MISC 3219075 3212475 6600 CREDIT LIFE & DISABILITY 1573062 1573062 GAP FEES 930252 930252 308728 207128 101600 0 6031117 109427043 33495838 339209 75591996 33300 2481979 27205084 2425905 4526165 2359459 175359 407033 562234 1277868 6412749 6047878 2635692 688184 342273 14518823 4529911 437299 LOAN LOSS 12513558 LOAN SERVICING 2582180 OTHER EXPENSE 1409638 POSTAGE AND SHIPPING 101035 0 93673606 15075307 13870897 95894979 120071725 0 0 0 0 1085859262 1149705149 4051403 3668631 82133320 39782697 42286261 42350623 188894542 158194332 0 36732385 38269379 1468794139 1526130736 1165870126 1229305703 3637079 4438593 0 0 108000000 75000000 14222132 17828562 1291729337 1326572858 177064802 199557878 177064802 199557878 1468794139 1526130736 15753437 6739639 0 0 0 0 X false true true false false true X 14863594 0 14863594 41914433 22575614 19338819 1738174 1738174 0 23366069 15468909 7897160 251050 0 251050 42350623 Closely-held equity interests Financial derivatives OTHER 158194332 F 158194332 Federal Income Taxes ACCRUED DIVIDENDS 795 ACCRUED EXPENSES 5882777 CARD SETTLEMENT 4174977 EMPLOYEE BENEFITS 4978182 MISC LIABILITIES 372417 SUSPENSE ACCOUNTS 2168942 ACL-OFF BALANCE SHEET 250472 17828562 109427043 0 0 109427043 0 0 109427043 93673606 0 0 93673606 0 0 93673606 Schedule D, Part IV, Line 2b Mortgage Escrow Escrow amount represents mortgage loan reserves. See Statement Schedule D, Part IV, Line 2b Explanation of escrow agreement ESCROW AMOUNT REPRESENTS MORTGAGE LOAN RESERVES false SCHOLARSHIPS 16 33300 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds SCHOLARSHIP GRANTS ARE PAYABLE ONLY TO SCHOOL OF CHOICE ON BEHALF OF GRANT RECIPIENT X true true X X X false false false MARK BURGESS PRESIDENT/CEO 487760 0 82500 0 0 0 81797 0 40324 0 692381 0 0 0 TINA NARRON CHIEF LENDING OFFICER 291044 0 26317 0 0 0 25562 0 12923 0 355846 0 0 0 ERIKA SMITH CHIEF OPERATING OFFICER 273259 0 41650 0 0 0 84922 0 29470 0 429301 0 0 0 TRAVIS C FRISK CHIEF FINANCIAL OFFICER 261068 0 41650 0 0 0 187435 0 49039 0 539192 0 0 0 BENJAMIN D CRAIG CHIEF ADMIN OFFICER 268213 0 3600 0 0 0 16413 0 847 0 289073 0 0 0 KEITH BENNETT CHIEF TECHNOLOGY OFFICER 128052 0 32000 0 0 0 12778 0 3356 0 176186 0 70265 0 STEVEN GREENBAUM VP OF ENTERPRISE SECURITY 181577 0 15525 0 0 0 28528 0 71969 0 297599 0 0 0 KERRY YOUNGREN VP OF MARKETING AND COMMUNICATIONS 174846 0 20275 0 0 0 26544 0 13859 0 235524 0 0 0 ANGELA BRADFORD VP OF RISK & COMPLIANCE 167611 0 18890 0 0 0 21424 0 29202 0 237127 0 0 0 TYLER HASBROUCK VP OF MEMBER EXPERIENCE 163103 0 20275 0 0 0 43475 0 15437 0 242290 0 0 0 KARRI WIGGERS VP OF HUMAN RESOURCES 166612 0 14733 0 0 0 17992 0 41798 0 241135 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel FIRST CLASS TRAVEL FOR THE CEO AND BOARD CONSULTANT IS AUTHORIZED WHEN TRAVELING OUTSIDE OF THE STATE FOR BUSINESS PURPOSES. ONE FIRST CLASS TICKET PER YEAR IS AUTHORIZED FOR ALL BOARD MEMBERS AND THE SUPERVISORY COMMITTEE CHAIRMAN WHEN TRAVELING OUT OF STATE TO ATTEND TRAINING OR A CONFERENCE. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Marietta Hall, Jennifer Bernard, and Steve Cavin - Business relationship Form 990, Part VI, Line 6 Classes of members or stockholders CREDIT UNION ACCOUNT HOLDERS ARE MEMBERS. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body MEMBERS CAN VOTE TO ELECT THE GOVERNING BODY AT THE ANNUAL MEETING. Form 990, Part VI, Line 11b Review of form 990 by governing body THE 990 WAS REVIEWED AND APPROVED BY THE OFFICERS AND BOARD OF DIRECTORS BEFORE IT WAS FILED. Form 990, Part VI, Line 12c Conflict of interest policy EMPLOYEES SIGN ANNUALLY THAT THEY HAVE READ AND UNDERSTAND THE CONFLICTS OF INTEREST POLICY. BOARD OF DIRECTORS REPORT IN WRITING ANY CONFLICTS OF INTEREST ANNUALLY. Form 990, Part VI, Line 15a Process to establish compensation of top management official CEO COMPENSATION IS APPROVED BY THE BOARD OF DIRECTORS. COMPENSATION SURVEYS ARE OBTAINED AND THE COMPENSATION REVIEW AND APPROVAL PROCESS IS DOCUMENTED. PROCESS LAST COMPLETED IN 2025. Form 990, Part VI, Line 15b Process to establish compensation of other employees COMPENSATION IS APPROVED BY THE PRESIDENT. COMPENSATION SURVEYS ARE OBTAINED AND THE COMPENSATION REVIEW AND APPROVAL PROCESS IS DOCUMENTED Form 990, Part VI, Line 19 Required documents available to the public DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. Form 990, Part VIII, Line 11d Other Miscellaneous Revenue AD&D AND OTHER INS - Total Revenue: 207128, Related or Exempt Function Revenue: 207128, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; MBI - Total Revenue: 101600, Related or Exempt Function Revenue: , Unrelated Business Revenue: 101600, Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Schedule L, Part I BUSINESS TRANSACTIONS BUSINESS TRANSACTIONS BETWEEN THE CREDIT UNION AND INTERESTED PERSONS AS MEMBERS OF THE CREDIT UNION WITH THE SAME TERMS OFFERED TO OTHER MEMBERS OF THE CREDIT UNION WERE NOT INCLUDED ON SCHEDULE L