The Parnassus branch of Golden 1 Credit Union is closing after 36 years in business. The closure is part of a general restructuring that will see seven branches close.
Golden 1 signed its initial lease in October of 1986 and opened its doors on Jan. 1, 1987. Golden 1 is the main financial institution serving UCSF employees. The Mission Bay branch, located at 1560 3rd Street, will remain open.
While the Parnassus branch is closing, Golden 1 will maintain ATM locations at:
On an ongoing basis, Golden 1 carefully evaluates their branch network to ensure it best serves their membership and contributes to the long-term financial health of the credit union. Since the pandemic, Golden 1’s members’ banking behavior has changed, resulting in decreased in-person transactions across all markets and throughout the industry, and a shift to more mobile and online banking.
After thoughtful analysis, the decision has been made to permanently close the UCSF branch. This decision may impact some members, employees, and the community. The Mission Bay branch, located at 1560 3rd St., will remain open.
The Golden 1 Credit Union has been operating since 1933. It's the second largest credit union in California and the sixth largest in the United States with assets totaling $18.48 billion. It provides banking services to more than 1.07 million members.
The credit union is a member-owned financial cooperative providing banking services including savings, loans, and other financial services to members. Membership is also open to immediate family of current members.
Golden 1 serves more than 100,000 members in the Bay Area. In addition to the Mission Bay Branch, the credit union has two more branches in San Francisco, and eight more throughout the Bay Area.
Golden 1 customers have a variety of options for managing their accounts. These include the free* 24/7 mobile and online banking services, and thousands of co-op ATMs and shared branch locations nationwide. A map with all Golden 1 branch locations and ATMs is available at golden1.com/locator. The map also shows co-op ATMs and shared branch locations where members can access their accounts free of charge.
