SACRAMENTO, Calif.--(BUSINESS WIRE)--Golden 1 Credit Union (Golden 1) today announced a giveback totaling $20 million was deposited across nearly 1.1 million accounts. The contribution marks the second time in five years the credit union has awarded eligible members with surprise account deposits as a ‘thank you’ to all those across California who make Golden 1 great.
“Golden 1 Credit Union has been a member-focused organization since day one, and we have an unwavering commitment to invest in those who invest in us,” said Golden 1 President and Chief Executive Officer Donna Bland. “Our members are key to our success, and we are excited to say ‘thank you’ in a very real and tangible way. We thrive today because of their continued loyalty.”
Prior to today’s surprise announcement, Golden 1 highlighted three members on social media and outdoor advertisements for their inspiring stories. Golden 1 members Manuel, Sonia, and married couple Sam and Sara were nominated by employees at their local branches and were surprised with additional personalized ‘thank you’ gifts from the credit union. The $20 million giveback distribution was revealed this morning when Golden 1 encouraged members to check their savings accounts. All eligible members received a supplemental dividend of at least 25% of their total dividends received through October 1 this year.
“At Golden 1, we believe in the power of people helping people,” said Bland. “Manuel, Sonia, and Sam and Sara are representative of so many of our members and other hard-working Californians. They inspire us to continually find new ways to give back.”
As a not-for-profit financial cooperative, credit unions pay earnings to their member-owners rather than shareholders. Golden 1 last surprised members with a supplemental dividend distribution in 2014 when the credit union, unbeknownst to members, deposited $18 million across eligible accounts. Since then, the credit union has grown to 1 million members and more than $12 billion in assets. While this year’s contribution kicks off the season of giving, Golden 1 gives back to its members and the communities it serves in many ways throughout the year. Over the last several years, Golden 1 has awarded $2.7 million in college scholarship funds, provided $3.2 million in grants to local nonprofits that support foster youth and literacy, and donated more than $350,000 to food banks that feed families and individuals in need.
To learn more about Golden 1’s commitment to giving back to its membership and communities, or to open a Golden 1 account, visit Golden1.com today.
ABOUT GOLDEN 1 CREDIT UNION
With more than $12 billion in assets, Golden 1 Credit Union is one of the largest credit unions in the United States and proudly serves all those who live or work in California. Golden 1 Credit Union delivers financial solutions with value, convenience, and exceptional service to our members. As a dynamic and trusted leader, Golden 1 is committed to enhancing the financial well-being of Californians and their diverse communities. Golden 1 is 1 million members strong and has 1,800 employees. Visit www.golden1.com for more information.