Arizona Federal Credit Union (AFCU) is a member-owned, not-for-profit financial institution that has been serving the residents of Arizona since 1936. With a commitment to providing exceptional financial products and services, AFCU has grown to become one of the largest credit unions in the state, boasting over 125,000 members and more than $1.6 billion in assets. In this post, we will explore the history, mission, and offerings of Arizona Federal Credit Union, as well as the benefits of becoming a member.
A Rich History of Service
Arizona Federal Credit Union was founded in 1936 by a group of City of Phoenix employees who recognized the need for a financial institution that could provide affordable and accessible financial services to its members. Over the years, AFCU has expanded its membership eligibility and service offerings, while remaining true to its original mission of serving the financial needs of its members.
Membership Eligibility and Benefits
Membership in Arizona Federal Credit Union is open to individuals who live, work, worship, or attend school in Maricopa County, Pinal County, or the city of Tucson, as well as immediate family members of current members. Becoming a member of AFCU offers several benefits, including:
- Access to a wide range of financial products and services, including savings and checking accounts, loans, credit cards, and investment services.
- Competitive rates on loans, mortgages, and credit cards, as well as higher dividend rates on savings and investment accounts.
- Access to a network of over 30,000 surcharge-free ATMs and over 5,000 shared branches nationwide through the CO-OP Network.
- Member-exclusive discounts and rewards programs, such as the Arizona Federal Member Rewards program, which offers cashback and other benefits based on account usage and activity.
- The opportunity to participate in the democratic process of the credit union, including voting in board elections and attending annual meetings.
Comprehensive Financial Products and Services
Arizona Federal Credit Union offers a wide range of financial products and services to meet the diverse needs of its members. Some of the key offerings include:
- Savings and Checking Accounts: AFCU offers a variety of savings and checking account options, including basic savings accounts, money market accounts, and high-yield checking accounts. These accounts come with features such as online and mobile banking, bill pay, and eStatements.
- Loans and Credit Cards: AFCU provides competitive rates on various types of loans, including auto loans, personal loans, and home equity loans. They also offer a selection of credit cards with low interest rates, cashback rewards, and other benefits.
- Mortgages: For those looking to purchase or refinance a home, AFCU offers a range of mortgage options, including fixed-rate mortgages, adjustable-rate mortgages, and government-backed loans such as FHA and VA loans. Their mortgage professionals are available to help members find the right loan product for their needs.
- Investment and Retirement Services: AFCU partners with CUSO Financial Services, L.P. (CFS) to provide members with access to a variety of investment and retirement planning services, including mutual funds, annuities, IRAs, and 401(k) rollovers. CFS financial advisors are available to help members develop personalized financial plans and strategies.
- Insurance Services: Through their affiliation with TruStage Insurance Agency, AFCU members can access a variety of insurance products, including auto, home, life, and AD&D insurance, at competitive rates.
- Business Services: For business owners, AFCU offers a suite of business banking products and services, such as business checking and savings accounts, loans, and merchant services.
Commitment to Community and Financial Education
Arizona Federal Credit Union is dedicated to giving back to the communities it serves and promoting financial literacy among its members. The credit union supports local charities and non-profit organizations through donations, sponsorships, and volunteer efforts. Additionally, AFCU provides a range of financial education resources, including workshops, seminars, and online tools, to help members make informed financial decisions and achieve their financial goals.
Arizona Federal Credit Union has a long-standing history of providing exceptional financial products and services to its members. With a focus on member satisfaction, competitive rates, and a commitment to the community, AFCU has established itself as a trusted financial partner for thousands of Arizonans. Whether you are looking for a new checking account, a mortgage, or financial planning assistance, Arizona Federal Credit Union is well-equipped to help you achieve your financial goals.