Type | Credit Union |
---|---|
Industry | Financial services |
Founded | (1933 | )
Headquarters | , |
Number of locations | More than 70 branches (2014) [1] |
Key people | Donna A. Bland, President/CEO |
Products | Checking; Savings; Consumer loans; Mortgage loans; Credit cards; Online banking; Investments; Insurance |
Total assets | $15.0B USD |
Number of employees | 1900 (2020) |
Website | golden1.com |
Golden 1 Credit Union (or Golden 1) is a credit union headquartered in Sacramento, California. Golden 1 currently serves its members throughout California with more than 70 branches and over 30,000 CO-OP ATMs nationwide. [2]
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 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. [3] The current President & CEO is Donna A. Bland. [4]
On June 16, 2015, Golden 1 acquired naming rights for a new arena in the heart of downtown Sacramento to replace the Sacramento Kings' Sleep Train Arena. This investment cost $120 million over 20 years, with an average annual value at $6 million. It is one of the largest naming rights deals for a single-tenant NBA arena and the first time a credit union has put its name on a major sports facility. [5]
ARCO is a brand of gasoline stations currently owned by Marathon Petroleum after BP sold its rights. BP commercializes the brand in Northern California, Oregon and Washington, while Marathon has rights for the rest of the United States and in Mexico.
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 Western Conference Pacific Division. The Kings are the oldest team in the NBA, and the first and only team in the major professional North American sports leagues located in Sacramento. The team plays its home games at the Golden 1 Center. Their best seasons to date in the city were in the early 2000s, including a very successful 2001–02 season when they had the best record in the NBA at 61–21.
The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by deposits and market capitalization. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 92,001 employees and assets of Can$1,136 billion, Scotiabank trades on the Toronto and New York exchanges. The Scotiabank swift code is NOSCCATT and the institution number is 002.
U.S. Bancorp is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. It has 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. It is ranked 117th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S.
California State University, Sacramento is a public university in Sacramento, California. Founded in 1947 as Sacramento State College, it is the eleventh oldest institution in the California State University system. The university enrolls approximately 31,500 students annually, 31,573 in Fall 2021. It also has an alumni base of more than 250,000 and awards 9,000 degrees annually. The university offers 151 different bachelor's degrees, 69 master's degrees, 28 types of teaching credentials, and 5 doctoral degrees.
ARCO Arena, was an indoor arena located in Sacramento, California, United States. Opened in 1988, it was the home of the Sacramento Kings of the National Basketball Association (NBA) from 1988 to 2016. It hosted nearly 200 spectator events each year. The arena was named for ARCO, at the time in 1988, a Los Angeles-based independent oil and gas company that today is now a brand owned by Findlay, Ohio-based Marathon Petroleum. It was later named for Sleep Train, a chain of mattress and bed retailers based in Rocklin, California, that at the time of the agreement was a subsidiary of Mattress Firm, a Houston-based retailer that has since re-branded all Sleep Train stores as Mattress Firm. Several major entertainers have performed at the venue before its closure including Bruno Mars and Linkin Park.
The PNC Financial Services Group, Inc. is an American bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 27 states and the District of Columbia, with 2,629 branches and 9,523 ATMs. PNC Bank is on the list of largest banks in the United States by assets and is one of the largest banks by number of branches, deposits, and number of ATMs.
The Maloof family is a prominent American family based in Las Vegas, Nevada, who are owners of numerous business properties in the Western United States. The original spelling of the family name is Maalouf. The family is of Lebanese descent via their paternal grandfather.
ARCO Arena was an indoor arena in Sacramento, California. It was the NBA's smallest arena as it held just 10,333 people and was built in 1985 to temporarily accommodate the NBA's Sacramento Kings, who had relocated from Kansas City. The arena's first event was a fashion show on September 12, 1985. The arena also hosted boxing matches.
Michigan State University Federal Credit Union (MSUFCU) is an American credit union headquartered in East Lansing, Michigan. Primarily serving students and alumni of Michigan State University and Oakland University, MSUFCU is the largest university-based credit union in the world, and is federally chartered and regulated under the National Credit Union Administration (NCUA). MSUFCU provides a variety of financial products and services including deposit accounts, personal and business loans, investments, and insurance, among others. MSUFCU is owned by its members, which elect a board of directors to oversee its operations. As of year-end 2020, MSUFCU has 21 branches, over 300,000 members, more than $5.6 billion in assets, and nearly 900 employees.
Altura Credit Union (Altura) is the largest credit union headquartered in Riverside County, California, with over 175,000 members and assets in excess of $2 billion. As a federally insured, state-chartered financial institution, Altura operates 21 full-service branches and its deposit assets are insured by the National Credit Union Share Insurance Fund (NCUSIF). Altura offers a wide range of financial products and services that include checking and savings accounts, new and used auto loans, commercial and residential mortgage loans, and wealth management services. Altura's banking platform includes online banking, mobile banking, web bill pay, and online/mobile loan applications. Altura also belongs to the CO-OP shared branching network, which provides its members with fee-free access to over 5,200 branches and more than 30,000 ATMs.
Idaho Central Credit Union (ICCU) is a state-chartered credit union in the western United States, headquartered in Chubbuck, Idaho, adjacent to Pocatello. ICCU is the largest credit union in Idaho, with numerous branches serving over 500,000 members with assets over $8 billion; its governing agency is the state's Department of Finance.
The California and Nevada Credit Union Leagues are the trade association for credit unions in those states. They serve more than 233 credit unions in California and Nevada with more than 12 million members and more than $253 billion in assets.
The 2011–12 Sacramento Kings season was the 67th season of the franchise, its 63rd season in the National Basketball Association (NBA), and its 27th in Sacramento.
Golden 1 Center is an indoor arena, located in downtown Sacramento, California, United States. It sits partially on the site of the former Downtown Plaza shopping center. The publicly owned arena is part of a business and entertainment district called Downtown Commons (DoCo), which includes a $250 million 16-story mixed-use tower.
From 2006 to 2013, the Sacramento Kings organization was under constant threat of the team moving. It is widely believed that the former owners of the team lost much of their fortune and no longer were able to run a National Basketball Association (NBA) franchise. The Maloofs courted Anaheim, Virginia Beach, and Seattle as potential suitors for the team. Sacramento Mayor and former NBA All-Star Kevin Johnson, with the help of local business owners and a rabid fan base, was successful in saving the franchise and persuading the NBA to force the Maloofs to sell the team to the Vivek Ranadivé group.
The expansion of the National Basketball Association has happened several times in the league's history since it began play in 1946. The most recent examples of the expansion of the NBA are the Charlotte Hornets and Miami Heat in 1988, Minnesota Timberwolves and Orlando Magic in 1989, Toronto Raptors and Vancouver Grizzlies in 1995, and New Orleans Hornets in 2002. In June 2022, Commissioner Adam Silver confirmed that while there are no current plans to expand beyond 30 teams, the NBA "invariably will expand."
Texas Dow Employees Credit Union (TDECU) is a credit union based in Lake Jackson, Texas, with 38 service locations, including 34 member centers. TDECU is the largest Houston-area credit union, and fourth largest in the state of Texas, with over 372,000 members and assets of $4.7 billion as of April 2022. In 2014, they purchased the naming rights to the University of Houston Cougars football stadium, TDECU Stadium.
Kevin M. Nagle is an American businessman, investor, and philanthropist who was the co-founder and chief executive officer of EnvisionRx, a health care and pharmacy benefit management (PBM) company, from October 2001 to March 2014. He is the chairman and CEO of Sacramento Republic FC, a USL Championship club seeking to join Major League Soccer (MLS), and an investor in the Sacramento Kings of the National Basketball Association (NBA).
John Rinehart is the President of Business Operations for the Sacramento Kings and Golden 1 Center since July 2017.