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602-866-1100
11839 N 28th Dr
Phoenix, AZ 85029-3313

Sunwest Credit Union is headquartered in Phoenix and is the 12st largest credit union in the state of Arizona. It is also the 728th largest credit union in the nation. It was established in 1937 and as of March of 2014, it had grown to 102 employees and 43,556 members. Sunwest Credit Union has a A+ health rating.

Field of Membership Restrictions

To join the credit union, you must: Live, work, worship or attend school in Maricopa County or within the boundaries of the city of Tucson, Arizona OR Be a member of immediate families or households who currently maintain membership with Sunwest Federal Credit Union. - See Details

Reviews (1)

CREDIT UNION

When I started doing business with CFCU I didn't have perfect credit and was afraid of being told no when I needed a loan. The bank worked with me and got a loan and with their help I refinanced my car with their bank. The people are great they have excellent customer service and friendly. I have since moved all my business over to them and have a great credit score compared to what I use to have. I would recommend this bank to anyone who wants a great experience.



Health

Data for Q1 2014

Institution Health

A+

Texas Ratio

GRADE:
A+

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 Sunwest Credit Union had $413,000 in non-current loans and owned real-estate with $39.72 million in equity and loan loss allowances on hand to cover it. This gives Sunwest Credit Union a Texas Ratio of 1.04% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
C+

The Texas Ratio for Sunwest Credit Union experienced no significant changes from 1.11% as of March 31, 2013 to 1.04% as of March 31, 2014, resulting in a positive change of 6.71%.This indicates that the balance sheet and financial strength for Sunwest Credit Union has had no significant changes in recent periods.

Deposit Growth

GRADE:
A

In the past year, Sunwest Credit Union has increased its total deposits by $8.84 million, resulting in 3.82% 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 Sunwest Credit Union has shown is excellent.

Capitalization

GRADE:
A+

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. Sunwest Credit Union has $281.86 million in assets with $39.72 million in equity, resulting in a capitalization level of 14.09%, which is excellent.

Institution Statistics

Overall
NCUA #2226
Year Chartered1937
Employees102
Primary Regulator
Assets and Liabilities
Assets$281.86 million
Loans$182.87 million
Deposits$240.49 million
Equity Capital$37.96 million
Loan Loss Allowance$1.75 million
Unbacked Noncurrent Loans$413,000
Real Estate Owned$0
Historic Data - March 2013
Assets$271.98 million
Equity Capital$36.99 million
Loan Loss Allowance$2.40 million
Unbacked Noncurrent Loans$413,000
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin1.32%
Return on Assets0.22%
Return on Equity1.65%
Interest Income$2.73 million
Rates

Always verify rates and promotions with the bank or credit union. We are not Sunwest Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Sunwest Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.25%--IRA Savings Account
0.05%--Primary Share Account
0.05%--Sub-Accounts
0.05%--Holiday Share Account

Sunwest Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.15%$50k-Money Market

Sunwest Credit Union Checking Account Rates

DetailsAPYMINMAXPRODUCT
0.10%$1k-Premier Checking Account

Sunwest Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.61%$100k-60 Month CD
1.36%$100k-48 Month CD
1.21%$100k-36 Month CD
0.70%$100k-24 Month CD
0.30%$100k-12 Month CD
0.20%$100k-6 Month CD

Sunwest Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.61%$100k-60 Month IRA
1.36%$100k-48 Month IRA
1.21%$100k-36 Month IRA
0.70%$100k-24 Month IRA
0.30%$100k-12 Month IRA
0.20%$100k-6 Month IRA
Locations


Sunwest Credit Union Locations
Branch Office1253 S Gilbert RdMesa, AZ 85204
Branch Office302 E McDowell Rd Ste 100Phoenix, AZ 85004-1541
Branch Office11839 N 28th DrPhoenix, AZ 85029-3313
Branch Office3615 N Campbell AveTucson, AZ 85719-1534
Branch Office7725 E Broadway BlvdTucson, AZ 85710
Branch Office650 N Estrella Pkwy Ste A6Goodyear, AZ 85338
Branch Office16879 N 75th Ave Ste 103APeoria, AZ 85382-4893