PLEASANTON, Calif.– 1st United Credit Union has hit the $1-billion in assets milestone. This announcement coincides with the celebration of the 1st United’s 85th year in business.
“To achieve the $1-billion milestone and remain financially sound and stable, it’s necessary to adjust business strategies amongst an ever-changing economy,” said Steve Stone, Chief Financial Officer for 1st United Credit Union. “We are grateful to our members for continuing to put their trust in us all these years. We couldn’t have accomplished this success without them.”
1st United was founded by a group of Alameda County Employees during the Depression to serve the needs of their community who were struggling to get loans from the big banks.
1st United now has 59,000 members.
“As a member-owned cooperative, we pledge to continue to reinvest in the credit union to secure its future success for our members,” said Stone. “Helping them to achieve their financial dreams through great products and even better service remains our top priority.”