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P.O. Box 60070
Phoenix, AZ 85082

Arizona Credit Union is headquartered in Phoenix and is the 3rd largest credit union in the state of Arizona. It is also the 150th largest credit union in the nation. It was established in 1936 and as of March of 2014, it had grown to 418 employees and 134,653 members. Arizona Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Maricopa or Pinal County. - See Details

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Reviews (5)

January 1, 2013 These Greedy Bankers Levied A $3 Fee For Being A Member, Calling It "Mutually Beneficial."

Credit unions are democratically owned.  Did the members have an opportunity to vote for this $36 annual fee for the so-called privilege of being a member?  NO!  To make it worse, they insult US with the so-called "Power of US," so that the executives can make bigger bonuses on the back of the little guy.  My friends and I, who are members, have closed or will be closing our accounts because we do not want to support the greedy bankers here, until the greedy fees are rescinded.  Arizona FCU has lost its moral compass.  These fees are not mutually beneficially.  It's time to take back OUR credit union.  It does NOT belong to CEO Ron Westad and he does not deserve to have his pockets stuffed with OUR money.  Arizona FCU made $45 MILLION in PROFIT last year.  On top of that, they are charging $36 in fees for being a member.  Multiply $36 per year x 162,000 members adds almost $6 MILLION more to the credit union. This is uncalled for, unjustified, inappropriate!  Those profits belong to the member-owners of the credit union. 

There are many alternative credit unions that have community memberships where most people can join, such as Alhambra no fee, Alliant no fee, Altier no fee, Arizona Central $1000 or a 2nd service to avoid fees, Arizona State no fee, Canyon State no fee, Credit Union West no fee, Deer Valley no fee, Desert Schools $200 balance or 2nd service to avoid fee, First no fee, First American no fee, Hughes no fee, Marisol no fee, Pima no fee, Pinal County no fee, Pyramid no fee, San Tan no fee, Sunwest no fee, Tempe Schools no fee, Truwest no fee, Vantage West no fee.   Go to to find a friendly, non-greedy credit union by inputting your zip code.  It will tell you which credit unions are near you, so find someone who values you, instead of supporting this fee shakedown.

Membership Information - Arizona Federal Credit Union
"You'd be crazy not to choose Arizona Federal for all of your banking and personal finance needs!"
We're local! We serve and employ Arizonans at our 15 Valley locations. And our home office is on 44th Street, over 2000 miles away from Wall Street!"
Wrong.  You'd be crazy to let Arizona FCU pick your pocket for $3/month so the executives and employees can line their pockets with YOUR money. 

"We're not-for-profit! Our income gets reinvested in our cooperative - not paid out to stockholders in other states or other countries."
Wrong.  In 2012, Arizona FCU made $44 million dollars.  Divided by 168,000 members, thats $275 profit per member.  Yet in January 2013, Arizona FCU began charging members $36/month.  Since their net worth ratio is almost 10%, far in excess of the government required 7%, it shows how greedy they are to charge excessive fees that have no business need. 

If it were true that you were reinvesting the $44 million profit in the cooperative, you would be distributing a $275 bonus to every member.

"It's sensible being one of us."
Wrong.  Only a fool would stick with Arizona FCU when there are so many alternatives that don't try to gouge you so that the CEO can get a bigger paycheck.

A Great Partner

I've been a member of AZFCU for several years, through the tough times and good.  The interest rates they offer are low right now, but historically they have been very competitive in the Phoenix market.  I believe the rates are currently low to help them recapitalize after the last few years.  They've always been a great partner and willing to work with me.  I highly recommend them. 


Previously I wrote a review stating Arizona Federal was a good partner.  Since the introduction of their "membership fee"  I have ended my relationship.   Feeling betrayed, I want to say that I refuse to pay to belong.  This isn't a country club, it's a financial services organization.

5 Stars!!

Working with the Arizona Federal Credit union has been a complete pleasure. Their customer service is quick and very friendly. In addition, ridiculous fees that you get with banks are non existent! This is such a welcome relief after being with banks for so long! My online minor complaint would be the need for a web/mobile remodel. Overall, this credit union offers VERY competitive products. I would highly recommend this credit union for anyone looking for the absolute best in banking!

Auto Loan

I recently used Arizona Federal Credit Union for an auto loan. The process was seamless, and took only about 45 minutes. The rates were better than the big banks, and comparable to other credit unions. The customer service was very good, I felt welcomed and valued. The employee that I worked with took time to answer all of my questions, and explain the process thoroughly. I was not rushed and felt completely comfortable. Overall I would definitely recommend AZ federal credit union to any one that is need of banking services.


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Arizona Credit Union had $3.12 million in non-current loans and owned real-estate with $171.47 million in equity and loan loss allowances on hand to cover it. This gives Arizona Credit Union a Texas Ratio of 1.82% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Arizona Credit Union decreased dramatically from 3.22% as of March 31, 2013 to 1.82% as of March 31, 2014, resulting in a positive change of 43.57%.This indicates that the balance sheet and financial strength for Arizona Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Arizona Credit Union has decreased its total deposits by -$2.92 million, resulting in -0.25% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Arizona Credit Union has shown is average.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Arizona Credit Union has $1.32 billion in assets with $171.47 million in equity, resulting in a capitalization level of 13.00%, which is excellent.

Institution Statistics

NCUA #1747
Year Chartered1936
Primary Regulator
Assets and Liabilities
Assets$1.32 billion
Loans$521.64 million
Deposits$1.15 billion
Equity Capital$154.23 million
Loan Loss Allowance$17.24 million
Unbacked Noncurrent Loans$3.12 million
Real Estate Owned$0
Historic Data - March 2013
Assets$1.32 billion
Equity Capital$132.54 million
Loan Loss Allowance$15.40 million
Unbacked Noncurrent Loans$3.12 million
Real Estate Owned$260,000
Profit Margin - Quarterly
Net Interest Margin1.37%
Return on Assets1.57%
Return on Equity13.45%
Interest Income$10.75 million

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Arizona Credit Union has 15 locations. Click to view all Arizona Credit Union locations.