Golden 1 Credit Union
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Golden 1 Credit Union (or Golden 1) is a
credit union A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (che ...
headquartered in
Sacramento, California Sacramento ( or ; ; ) is the List of capitals in the United States, capital city of the U.S. state of California and the county seat, seat of Sacramento County, California, Sacramento County. Located at the confluence of the Sacramento Rive ...
. Golden 1 currently serves its members throughout
California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...
with more than 70 branches and over 30,000 CO-OP ATMs nationwide. Founded in 1933 as California State Employees Credit Union #1, it changed its name to Golden 1 in 1977. As of June 2018, Golden 1 had in excess of $12 billion
USD The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...
in assets and more than one million members, becoming the first state-chartered credit union to be granted statewide field of membership in California. This makes it one of the nation's largest credit unions and the second largest credit union in the State of California. The current President &
CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...
is Donna A. Bland. On June 16, 2015, Golden 1 acquired naming rights for a new arena in the heart of downtown Sacramento to replace the
Sacramento Kings The Sacramento Kings are an American professional basketball team based in Sacramento, California. The Kings compete in the National Basketball Association (NBA) as a member of the Pacific Division (NBA), Pacific Division of the Western Confere ...
'
Sleep Train Arena ARCO Arena (known as Power Balance Pavilion from 2011 to 2012 and Sleep Train Arena from 2012 until 2022) was an indoor arena located in Sacramento, California, United States. Opened in 1988, it was the home of the Sacramento Kings of the Nation ...
. This investment cost $120 million over 20 years, with an average annual value at $6 million. It is one of the largest
naming rights Naming rights are a financial transaction and form of advertising or memorialization where a corporation, person, or other entity purchases the right to name a facility, object, location, program, or event (most often sports venues), typical ...
deals for a single-tenant NBA arena and the first time a credit union has put its name on a major sports facility.


References


External links


Official website
{{Authority control Credit unions based in California Companies based in Sacramento, California Mutual companies of the United States Banks established in 1933 1933 establishments in California American companies established in 1933