Featured Savings Rates
Featured Accounts

Arizona Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.75%5-year CD60 Month Share Certificate
0.15%1-year CD12 Month Share Certificate
0.01%SavingsBasic Account

Overview / Commentary
602-683-1000
333 N 44th St
Phoenix, AZ 85008

Arizona Federal Credit Union is headquartered in Phoenix and is the 4th largest credit union in the state of Arizona. It is also the 157th largest credit union in the nation. It was established in 1936 and as of December of 2015, it had grown to 433 employees and 122,670 members at 16 locations. Arizona Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship, or attend school in Maricopa or Pinal counties, or within the city limits of Tuscon. Membership is also open to immediate family. Membership requirements are listed in the credit union's online application.
See current membership details

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Reviews (5)

5 Stars!!

Posted by: Siobhon | Jun 29, 2014

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!

A Great Partner

Posted by: murisana | May 26, 2012

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. 

Auto Loan

Posted by: dj327 | Aug 18, 2014

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.

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 ASmarterChoice.org 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.

Retraction

Posted by: murisana | Apr 27, 2013

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.



Health
A+

Health Grade Components

Overall
NCUA #1747
Year Chartered1936
Employees433
Primary Regulator
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD7.71%
Annual Interest Income$43.4MM
Assets and Liabilities
AssetsQ4 2015vs Q4 2014$1.40B$1.28B
LoansQ4 2015vs Q4 2014$578.9MM$560.9MM
DepositsQ4 2015vs Q4 2014$1.17B$1.09B
Equity CapitalQ4 2015vs Q4 2014$198.6MM$178.1MM
Loan Loss AllowanceQ4 2015vs Q4 2014$9.0MM$17.9MM
Unbacked Noncurrent LoansQ4 2015vs Q4 2014$2.9MM$3.4MM
Real Estate OwnedQ4 2015vs Q4 2014$0$0
Rates
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Arizona Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.01%$25-Basic Savings
0.01%$100-Special Savings
0.01%$100-Holiday Club
0.01%$100-Basic Account

Arizona Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%*$25k*-Money Market
OTHER TIERS: 0.05% $1k - $10k | 0.10% $10k - $25k

Arizona Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.12%*$50k*-Everything Account
OTHER TIERS: 0.01% $25 - $1k | 0.05% $1k - $10k | 0.08% $10k - $25k | 0.10% $25k - $50k

Arizona Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month Share Certificate
1.25%$500-48 Month Share Certificate
1.00%$500-36 Month Share Certificate
0.50%$500-24 Month Share Certificate
0.15%$500-12 Month Share Certificate
0.10%$500-6 Month Share Certificate

Arizona Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.75%$500-60 Month IRA
0.30%$500-18 Month IRA
0.15%$500-12 Month IRA
Locations

Arizona Federal Credit Union has 16 locations. Click to view all Arizona Federal Credit Union locations.