SunWest Federal Credit Union is headquartered in Phoenix and is the 13th largest credit union in the state of Arizona. It is also the 676th largest credit union in the nation. It was established in 1937 and as of December of 2020, it had grown to 118 employees and 51,893 members at 9 locations. SunWest Federal Credit Union has an A health rating.
Field of Membership Restrictions
SunWest Federal Credit Union is open to anyone who resides, attends school, worships or works in the City of Tucson or Maricopa County, Arizona.
See current membership details
Great Credit Union
I have been a member since 1980 when it was TELCO in Tucson. Now I'm still a member in Phoenix and it's Sunwest . In 37 years I have never left and I have never had a problem. Both my daughters started with a mere $5. and when they got old enough got their first car loan from Sunwest and Wells Fargo rejected them. I will never use a bank just a credit union. That $5. to open an account is the best incentive. I think they will also give you and a friend $10 each to open an account.
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.
Data as of Q4 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 2226 |
| Year Chartered | 1937 |
| Employees | 118 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | -0.08% |
| Return on Equity - YTD | -0.82% |
| Annual Interest Income | $16.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2020vs Q4 2019 | $478.1MM$394.1MM |
| Loans | Q4 2020vs Q4 2019 | $280.5MM$275.0MM |
| Deposits | Q4 2020vs Q4 2019 | $430.5MM$343.9MM |
| Equity Capital | Q4 2020vs Q4 2019 | $42.7MM$45.9MM |
| Loan Loss Allowance | Q4 2020vs Q4 2019 | $3.1MM$1.8MM |
| Unbacked Noncurrent Loans | Q4 2020vs Q4 2019 | $986.00K$2.1MM |
| Real Estate Owned | Q4 2020vs Q4 2019 | $0$0 |