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Golden 1 Credit Union Review 2022

Updated November 15, 2022
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At a glance

4.0
Rating: 4 stars out of 5
Bankrate Score
Caret Down

CDs

Rating: 4.5 stars out of 5

Checking

Rating: 4.9 stars out of 5

Savings

Rating: 2.7 stars out of 5

MMA

Rating: 2.9 stars out of 5

About Bankrate Score

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Overview

Those who live or work in California and are looking for a reliable credit union with a solid branch footprint and low fees may find Golden 1 a good fit for their banking needs.

Highlights

  • Free Checking
  • No Monthly Fees
Compare offers
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right
Bank logo
Member FDIC
Savings Account
3.25
%
APY
Rating: 4 stars out of 5
$0
Min. balance for APY
View offer Arrow Right

Overall

Golden 1 Credit Union is one of the largest credit unions in the U.S. and offers members a wide selection of products and services. Most accounts require a small amount to open and many also feature low or no monthly fees.

Pros

  • Checkmark

    There are no monthly service fees for basic accounts such as Free Checking and Regular Savings.

  • Checkmark

    Members can access more than 30,000 in-network ATMs.

  • Checkmark

    Membership requirements are easy for those living or working in California.

Cons

  • Yields are not as attractive as other top credit unions.

  • A fee is charged when over three in-branch savings account withdrawals take place in a month.

Golden 1 Credit Union bank products

2.7
Rating: 2.7 stars out of 5
Bankrate Score

Golden 1 Credit Union savings overview

Golden 1 Credit Union offers a few savings accounts, and they all earn the same APY. Those with a larger bankroll who are looking for a higher APY may want to consider the credit union’s money market account instead.

The Regular Savings Account may be good for members who are just getting started on their own since it requires only $1 to open an account and has no monthly service fee.

Pros

  • Checkmark

    The Regular Savings Account requires just $1 to open.

  • Checkmark

    There’s no monthly maintenance fee with the Regular Savings Account.

Cons

  • You can find a higher APY than what’s offered on the Regular Savings Account at many online banks or other financial institutions.

  • Lobby withdrawals or transfers in excess of three during a calendar month will trigger an excessive withdrawal fee.

Compare Offer
Bank logo
Member FDIC
Savings Account
3.00
%
APY
Rating: 4 stars out of 5
InfoHover for more
$0
Min balance for APY

Bank experience

Golden 1 Credit Union has more than 70 branches in California. Member representatives are available 7:30 a.m. to 6 p.m., Monday-Friday, and 9 a.m. to 5 p.m., on weekends, to answer questions or help with member accounts.

The credit union’s mobile app is highly rated on iOS with a 4.7 rating, but it scores significantly lower among Android users, at 3.4 stars. The app includes Popmoney for making peer-to-peer payments, but P2P payments can also be made using online banking.

About Golden 1 Credit Union

Golden 1 Credit Union was founded in 1933 and has become one of the largest credit unions in the U.S., with more than 1 million members and over $18 billion in assets. Membership is open to those who live or work in California.

The credit union offers checking accounts, savings accounts, a money market account, CDs and other financial products. Golden 1 is headquartered in Sacramento and has a network of more than 70 branches.

Review methodology

With so many financial institutions to choose from, it can be hard to know who to trust. Bankrate’s ever-growing list of bank and credit union reviews is updated regularly. Our editorial team analyzes and reviews each institution across deposit products such as savings accounts, checking accounts, certificates of deposit (CDs) and money market accounts (MMAs). Banks are rated by important factors such as offered interest rates, fees, minimum balance requirements, access to funds and more.

We assign a score to each type of account and its features, weigh them carefully based on importance to account holders and determine an overall score. Read our full review methodology.