//ABOUT US
New Generation
Golden 1 understands that young adults under the age of 18 have unique financial needs. So we developed the New Generation Club to give you the experience of maintaining your own account. The New Generation Club offers an easy-to-access selection of financial products designed exclusively for our youngest members.
Who is Golden 1?
Golden 1 is California's leading credit union, and the sixth largest credit union in the U.S. with $7 billion in assets and more than 680,000 members. We have 84 offices, more than 270 ATMs and more than 28,000 FREE network ATMs nationwide.
Founded by a group of California state employees in 1933, Golden 1 is owned by its members.
What’s the Difference Between Golden 1 and a Bank?
A credit union is a financial cooperative made up of member-owners who share the philosophy of “not for profit, but for service.” Unlike banks, the people on our volunteer Board of Directors are member-owners, who work in the best interest of other fellow member-owners. Without shareholders to pay, profits are returned to members in the form of lower loan rates, low or no-fee products and services, and higher savings rates. At a bank, the only people who benefit from profits are the investors.
Members at a credit union are member-owners because their initial $1 deposit represents a share of ownership. At a bank, the owners are typically small groups of investors. Credit union members are united by a common bond of membership.
The deposits of credit union members are insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. government agency.
Learn More About Credit Unions
Learn all about credit unions—their history, products and services, and what the difference is between a bank and a credit union, with this enjoyable and interactive online module. Also included is a brief explanation on how The Golden 1 developed through the decades to become California's leading credit union. Just click on the module format that works best for you:
