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

Sunwest Credit Union is headquartered in Phoenix and is the 12st largest credit union in the state of Arizona. It is also the 736th largest credit union in the nation. It was established in 1937 and as of December of 2013, it had grown to 104 employees and 42,942 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

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Health

Data for Q4 2013

Institution Health

A+

Texas Ratio

GRADE:
A+

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Sunwest Credit Union had $1.08 million in non-current loans and owned real-estate with $39.66 million in equity and loan loss allowances on hand to cover it. This gives Sunwest Credit Union a Texas Ratio of 2.73% 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 1.56% as of December 31, 2012 to 2.73% as of December 31, 2013, resulting in a negative change of 74.81%. 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 $8.65 million, resulting in 3.93% 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 $270.08 million in assets with $39.66 million in equity, resulting in a capitalization level of 14.68%, which is excellent.

Institution Statistics

Overall
NCUA #2226
Year Chartered1937
Employees104
Primary Regulator
Assets and Liabilities
Assets$270.08 million
Loans$181.99 million
Deposits$228.78 million
Equity Capital$37.77 million
Loan Loss Allowance$1.89 million
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$0
Historic Data - December 2012
Assets$259.06 million
Equity Capital$36.45 million
Loan Loss Allowance$2.66 million
Unbacked Noncurrent Loans$1.08 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin4.96%
Return on Assets0.57%
Return on Equity4.11%
Interest Income$10.47 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
0.00%--Free 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