According to Wikipedia, “Golden 1 Credit Union (or Golden 1) is a credit union headquartered in Sacramento, California. There are currently 83 branches located throughout the State of California. Golden 1 currently serves 34 of the 58 counties in California. These counties are Alameda, Amador, Butte, Calaveras, Contra Costa, El Dorado, Fresno, Imperial, Kern, Kings, Lassen, Madera, Marin, Merced, Monterey, Napa, Nevada, Placer, Sacramento, San Benito, San Bernardino, San Joaquin, San Luis Obispo, San Mateo, San Francisco, Santa Barbara, Santa Clara, Shasta, Solano, Sonoma, Stanislaus, Sutter, Yolo and Yuba.As of June 30, 2012, Golden 1 had $7.89 billion USD in assets and more than 616,000 members making it the 7th largest credit union in the United States and the second largest credit union in the State of California. The current President &CEO is Donna A. Bland.”
They are one of the top lenders in California for auto, home RV’s, ATV’s and boats lending. Typically their market is in California but occasionally they will lend in other states. As a byproduct of the large amount of loans they make to California auto and home buyers in California, this credit union has become increasingly involved in the reselling of repo cars and real estate. The credit union will take the repo and foreclosure assets and in turn sell them back to the public for a deep discount. As the economy has experienced a stagnant recovery Golden 1 Credit Union has been a leader in taking credit union repo’s and finding ways to resell them efficiently. In most cases they even offer special financing and other incentives to buyers who purchase from them. They keep an up to date list of these foreclosures and repossessions on their website.
For California home and car buyers interested in low priced credit union repo’s and foreclosures, they are listed for sale on the Golden 1 Union repo’s list.
Contrary to what some may think, buying from a credit union can actually quite easy. Credit unions are experts in auto and home finance and will he able to guide buyers through the process seamlessly. Buyers within Califonia can search current listings for repo cars, trucks, boats, and real estate right from their home computer by accessing the Golden 1 Credit Union repo list.
If you are fortunate to find a credit union owned vehicle that you want to buy don’t hesitate in contacting the credit union as soon as you can. Repo cars are generally sold “as-is”. It’s also good practice to carefully research the vehicles before you submit an offer. If you need more help you can contact a local vehicle expert or real estate agent to provide guidance in the transaction too.