www.arizonafederalcreditunion.com is not the correct website for Arizona Federal Credit Union, Arizona Federal or AZFCU. Instead, you should go here.

http://www.arizonafederalcreditunion.com is not the correct website for AZFCU. The correct websites are listed below for AZFCU.

You should first read “10 reasons why you should close your Arizona Federal AZ FCU accounts,” or else your money will slowly disappear as AZFCU “steals” it from you.
If you are a member of Arizona FCU, you MUST read this link:

https://arizonafederalcreditunionmembers.wordpress.com/2014/10/21/10-reasons-why-you-should-close-your-arizona-federal-az-fcu-accounts-move-your-money-now

The valid website addresses for Arizona Federal Credit Union are
http://www.AZFCU.org and
http://www.arizonafederal.org
so use those addresses for your AZFCU login.

Before you go, it would serve you well to browse this site to see why over 35,000 smart members closed their accounts at Arizona Federal and went to a better credit union instead.

Arizona Federal Credit Union fees compared to Ally Bank fees to compare the fee schedules

If you want to know more about why Ally Bank is a smarter choice than AZFCU.org, see this link:

How do other banks and credit unions compare to AZ FCU, with $10,000 in your share savings account? Move your money!

Fee schedule comparison of Ally Bank vs Arizona FCU						Ally Bank	Arizona FCU
Rates paid on your savings						0.90% is HIGH, GOOD	0.01% is LOW, BAD
24 hour customer service						yes	no
Free nationwide ATM withdrawals						yes, reimburses if charged	no
Minimum balance required to avoid fees						$0	no – impossible to avoid $36 annual member fees
Free online billpay						yes	no – impossible to avoid $36 annual member fees
Free mobile banking						yes	no – impossible to avoid $36 annual member fees
Free remote deposits						yes	no – impossible to avoid $36 annual member fees
Free paper checks for checkwriting						yes	no – $23.35 for 120 paper checks
Postage-paid deposit envelopes, free						yes	no
Cross border / currency conversion transaction						Up to 1% of the transaction	Up to 3% of the transaction
Cashier’s check						$0	$3
Returned deposit item						$7.50	$10
Overdraft fee						$9	$35
Stop payment item						$15	$35
Expedited delivery						$15	$19
ATM cash card fee						$0	$3 monthly
Member/customer rejoining fee						$0	$25
Monthly maintenance fee						$0	$3
Annual maintenance fee						$0	$36
Treats you with respect						yes	no
Has a “fee them up” strategy						no	yes
Surprise fees						no	yes
Accounts insured up to						$250,000	$250,000
Incoming wire transfer						$0	$9
Outgoing wire transfer – domestic						$20	$18
Cash deposits available						no	yes, in branch, not by mail
Safe deposit boxes						no	yes
Local Arizona branches						no	yes
WINNER:						ALLY BANK

Of the few areas in which AZFCU is the winner, other local credit unions can provide those services for less money than at AZFCU.
Arizona Federal Credit Union says they believe in financial education. We are certain they will be glad we are providing this educational and informative comparison table to their members and prospective members.

Total Loans, Total Assets, Total Members crashing at AZ FCU since 2007. Pitifully poor performance.

The smartest AZ FCU members have voted with their money, closing their membership at AZ Fed, moving their money to better banks and credit unions, as illustrated in these declining metrics since 2007.  Browse the many pages on this site to see why AZFCU is not a smarter choice.  Since 2007, over 40% of the members left AZFCU, which is over 90,000 members gone.  Smart people have found the value proposition to be lacking at Arizona Federal Credit Union.  Which type of person are you?

How can AZ FCU’s spokesperson Steve Kelley,  senior director of marketing, call himself a growth strategist?

AZ FCU loans, assets, members crashing since 2007

 

Fiscal Year ending	TOTAL ASSETS	TOTAL LOANS & LEASES	MEMBERS
2007	$1,810,355,802	$1,458,963,776	221,625
2008	$1,738,519,156	$1,308,900,782	224,865
2009	$1,464,396,008	$971,835,610	206,563
2010	$1,265,753,074	$710,175,201	185,681
2011	$1,270,115,148	$546,315,789	171,825
2012	$1,296,524,445	$527,011,124	161,965
2013	$1,243,346,680	$521,974,501	135,288

At AZFCU, the ratio of employees to members served is unfavorable and shows mismanagement.

As AZ FCU has intentionally run off members, instead of serving them, the number of full-time equivalent employees has not dropped enough in relation to the number of members being served.  When you have far fewer members to serve, you should need far fewer employees to serve them.  This shows that AZ FCU is not being managed well, in addition to the other terrible metrics.

AZ FCU full time equivalent employees to members per employee

Fiscal Year ending	FT Equivalent Employees	Members per Employee
2007	619	358
2008	623	361
2009	501	413
2010	418	445
2011	388	443
2012	363	446
2013	439	308

10 reasons why you should close your Arizona Federal AZ FCU accounts. Move your money now!

AZ FCU hopes you won’t realize they have the worst rates.  Not only do they pay a low 0.01% interest rate on savings, they also charge $36 every year to every member.  With a $10,000 share savings balance, at other credit unions, you will be saving $35 to $119 more than you would at AZ FCU.  Restated, if you stay at Arizona Federal, you will be losing $35 to $119 more if you allow yourself to be pickpocketed for $36 every year at AZ FCU, compared to moving your money to a bank or credit union that doesn’t stick it to you.   At AZ FCU, you are paying more in costs, but receiving less in benefits.  In 10 years, you would be better off by $350 to $1190 more at somewhere other than AZ FCU.  The sooner you move your money, the better.

https://arizonafederalcreditunionmembers.wordpress.com/2014/10/20/arizona-federal-pays-the-lowest-and-worst-savings-rate-at-azfcu-org

AZ FCU’s competitors allow you to keep more of your own money and save more money.  Not only do other banks and credit unions have lower fees, they also pay higher rates.  Don’t be bamboozled by Arizona Federal.

https://arizonafederalcreditunionmembers.wordpress.com/2014/10/20/how-do-other-banks-and-credit-unions-compare-to-az-fcu-with-10000-in-your-share-savings-account-move-your-money

AZ FCU thinks you are bad at math.  If AZ FCU charges $6 million in annual member fees, then pays out $3 million as a “loyalty dividend,” you are collectively losing $3 million!  In such a case, Arizona Federal members are only getting 50% of their money back.  It’s similar to how casinos and lotteries advertise people winning money, without discussing how much they lose!  When you look at the total return on investment picture of casinos, lotteries, and AZ FCU, you will realize they are foolish “investments” where you get back far less than what you invest.

$36 in annual fees is not necessary to provide services like online banking, remote deposit, etc., as these services can easily be found elsewhere.

https://arizonafederalcreditunionmembers.wordpress.com/2013/04/01/asmarterchoice-org-lists-alternative-credit-unions-in-your-area/

At AZ FCU, you would need about $500,000 in your share savings account to earn enough interest at 0.01% to cover the $36 in annual membership fees.  If you took that same money and deposited at Ally Bank at 0.84%, you would earn about $4200.   Add in the $36 in annual fees you won’t have to pay at Ally Bank, and you would be ahead by about $4200+$36 = $4236!

https://arizonafederalcreditunionmembers.wordpress.com/2014/10/05/how-much-money-on-deposit-do-you-need-at-arizona-fcu-to-recover-the-36-in-annual-fees-about-500000/

AZ FCU doesn’t care if you stay with them.  “We are not for everyone,” they say.   It is unwise to be where you are not wanted.  A hostile environment is not healthy for you or your financial future.

AZ FCU thinks you are too lazy, complacent, and stupid to switch to a bank or credit union that values your business and gives you higher savings rates and lower loan rates.

https://arizonafederalcreditunionmembers.wordpress.com/2013/04/20/arizona-federal-credit-unions-competing-credit-unions-with-arizona-branch-locations-how-do-they-feel-about-their-members/

AZ FCU’s President, Ronald L. Westad, has destroyed his credibility.  AZ FCU can no longer be trusted.

https://arizonafederalcreditunionmembers.wordpress.com/2013/04/11/in-2003-ron-westad-spoke-about-his-personal-values-and-beliefs-it-wasnt-a-matter-of-how-much-could-we-make-or-how-much-could-we-charge-members

Arizona Federal Credit Union has some of the highest fees compared to alternatives.  Be smart with your money and financial future.  Move your money.

https://arizonafederalcreditunionmembers.wordpress.com/2013/04/08/arizona-federal-credit-union-has-some-of-the-highest-most-excessive-fees

Over 35,000 of the smartest AZ FCU members left AZ FCU in just 1 year!  That means, over 21% of the members got fed up and moved their money to where they don’t get charged unavoidable $3 monthly fees.  They don’t want to be robbed by the unavoidable monthly $3 ripoff fees at AZ FCU, especially when there are countless alternatives that are better for your wallet.

https://arizonafederalcreditunionmembers.wordpress.com/2013/04/02/what-do-the-members-think-of-arizona-federal-credit-union-6-million-more-in-greedy-fees-for-not-listening-to-the-members

Despite claims to the contrary, Arizona Federal has a “fee them up” strategy

Since 2007, as fee income per member went up 64%, it should come as no surprise that members declined by 39%.  Did management salaries go down in proportion to the poor performance or did President Ronald Westad get a raise and bonus?  The biggest changes happened in 2013, as AZ FCU added $36 in annual fees, over 27,000 members left that year.

Running off members, intentionally, is a bad strategy because there are fewer members supporting the overhead, and a loss of economies of scale.  That is a key reason why smaller credit unions are merging out of existence.  In addition, fewer members means you will have fewer future borrowers, which leads to a smaller loan portfolio, which leads to lower profitability.

Kicking poorer, younger members to the curb is a short-sighted strategy, akin to getting rid of all your baby chickens because they are not producing eggs.  What happens in the future is obvious.  Baby chickens grow into big chickens and begin laying eggs, at which point they are more productive.  AZ FCU management, with their unavoidable $3 monthly fees, has sent thousands of future borrowers to other credit unions.  Those members won’t forget what Arizona Federal did to them.

Smart members go where they are not hit with excessive fees.  Only the less informed members stay at AZ FCU, or those too lazy to switch to a more caring credit union.

AZ FCU fee income per member went up while members went down

Fiscal Year ending	FEE INCOME PER MEMBER	MEMBERS
2007	$110	221,625
2008	$132	224,865
2009	$135	206,563
2010	$139	185,681
2011	$150	171,825
2012	$148	161,965
2013	$180	135,288

How do other banks and credit unions compare to AZ FCU, with $10,000 in your share savings account? Move your money!

Don’t be a sucker! Move your money! Don’t get ripped off by $36 EVERY YEAR to line the pockets of management, when similar services can be found FOR FREE at many other financial institutions. Consider your share savings balance and see if you would save money by moving to a different bank or credit union. The answer is YES. According to this handy table, every member at Arizona Federal is being ripped off – except for management, who is likely getting a bigger bonus and/or wage increase, AT YOUR EXPENSE!

Handy table is listed in ascending order from worst at AZ FCU, to best at Ally Bank. If you have $10,000 in savings at Arizona FCU, it will COST you $36 per year and earn you $1 in interest, for a net loss of $35. Alternatively, Ally Bank will pay you $90 per year. This is $89 MORE earnings at Ally Bank than Arizona Federal Credit Union!  Factor in the $36 fee that AZ FCU charges EVERY YEAR vs no fee at Ally Bank and you are better off by $89 more interest earned+$36 annual fee you don’t have to pay at Ally Bank = $135 ahead at Ally Bank, compared to having $10,000 at Arizona Federal.

With a $100,000 balance in savings, the difference is even more astounding!  If you have $100,000 at AZFCU, it earns you $10 while at Ally Bank, it earns you $900, or $890 more.   Factoring in the $36 fee, you would lose $26 at AZ FCU with a $100,000 deposit every year.  Accordingly, you would be better off by $890 more interest earned +$36 annual fee you don’t have to pay at Ally Bank = $926 ahead at Ally Bank compared to AZ FCU with $100,000 in a savings account.

Ally Bank rates are far better than AZFCU rates which are the worst

Now, don’t be selfish like the executives at AZ FCU.  Don’t simply move your money and close your accounts.  Be sure to also tell your friends and neighbors to move their money as well to anywhere but AZ Federal.  Post a link to this site from your Facebook, Twitter, etc.

NAME	savings rate	$10,000 balance earns how much annually, after $36 unavoidable fees?	$100,000 balance earns how much annually, after $36 unavoidable fees?	$360,000 balance earns how much annually, after $36 unavoidable fees?	$1,000,000 balance earns how much annually, after $36 unavoidable fees?
		Example balance earns how much annually, after $36 in unavoidable fees at AZ FCU?
ARIZONA FEDERAL	0.01%	-$35	-$26	$0	$64
LANDINGS CU/TSCU	0.01%	$1	$10	$36	$100
PINAL COUNTY FCU	0.01%	$1	$10	$36	$100
TUCSON OLD PUEBLO CU	0.01%	$1	$10	$36	$100
WELLS FARGO BANK	0.01%	$1	$10	$36	$100
CHASE BANK	0.01%	$1	$10	$36	$100
US BANK	0.01%	$1	$10	$36	$100
BANK OF AMERICA	0.01%	$1	$10	$36	$100
BBVA COMPASS BANK	0.01%	$1	$10	$36	$100
CREDIT UNION WEST	0.03%	$3	$30	$108	$300
FIRST CU	0.03%	$3	$30	$108	$300
MARISOL FCU	0.03%	$3	$30	$108	$300
SAN TAN CU	0.03%	$3	$30	$108	$300
DESERT SCHOOLS FCU	0.05%	$5	$50	$180	$500
ARIZONA STATE CU	0.05%	$5	$50	$180	$500
TRUWEST CU	0.05%	$5	$50	$180	$500
ARIZONA CENTRAL CU	0.05%	$5	$50	$180	$500
SUNWEST FCU	0.05%	$5	$50	$180	$500
CANYON STATE CU	0.05%	$5	$50	$180	$500
DEER VALLEY CU	0.05%	$5	$50	$180	$500
VANTAGE WEST FCU	0.05%	$5	$50	$180	$500
ALTIER CU	0.05%	$5	$50	$180	$500
ALHAMBRA CU	0.05%	$5	$50	$180	$500
TUCSON FCU	0.05%	$5	$50	$180	$500
PIMA FCU	0.05%	$5	$50	$180	$500
PYRAMID FCU	0.05%	$5	$50	$180	$500
BMO HARRIS BANK	0.05%	$5	$50	$180	$500
NATIONAL BANK OF ARIZONA	0.05%	$5	$50	$180	$500
AMTRUST BANK	0.05%	$5	$50	$180	$500
AMERICAN SOUTHWEST CU	0.08%	$8	$80	$288	$800
HUGHES FCU	0.10%	$10	$100	$360	$1,000
MIDFIRST BANK	0.10%	$10	$100	$360	$1,000
MERIDIAN BANK	0.10%	$10	$100	$360	$1,000
FIRST AMERICAN CU	0.15%	$15	$150	$540	$1,500
A. E. A. FCU	0.20%	$20	$200	$720	$2,000
NAVY FCU – MILITARY ONLY	0.25%	$25	$250	$900	$2,500
ALLIANT CU – $10 fee to join	0.70%	$70	$700	$2,520	$7,000
ALLY BANK – online only	0.90%	$90	$900	$3,240	$9,000
NAME	savings rate	$10,000 balance earns how much annually, after $36 unavoidable fees?	$100,000 balance earns how much annually, after $36 unavoidable fees?	$360,000 balance earns how much annually, after $36 unavoidable fees?	$1,000,000 balance earns how much annually, after $36 unavoidable fees?
		Example balance earns how much annually, after $36 in unavoidable fees at AZ FCU?

Arizona Federal pays the lowest and worst savings rate at AZFCU.org

Arizona Federal pays the lowest and worst savings rate – click image to enlarge

Arizona Federal’s “The Power of US” slogan means that the insulting $3 unavoidable monthly fees are powering Arizona Federal to the detriment of its members.  Why get ripped off for $3 monthly, which is $36 annually, when you can go elsewhere to join a bank or credit union that doesn’t have this ripoff fee?  In addition, while they try to spin it as something special, you aren’t getting superior benefits.  A 0.01% interest rate is one of the worst in the market.  They also falsely claim it is needed to pay for online banking or other services, but these same services can be found elsewhere for free.

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See easy options for how you can avoid monthly fees at these competitors.

Arizona FCU $3 monthly fee cannot be avoided unless you CLOSE YOUR ACCOUNT. Competitors offer easy options to avoid monthly fees.

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Savings rates listed in ascending order, from worst to best.  Arizona Federal is the worst!

NAME	savings rate
ARIZONA FEDERAL	0.01% – BEFORE $36 UNAVOIDABLE ANNUAL FEE
LANDINGS CU/TSCU	0.01%
PINAL COUNTY FCU	0.01%
TUCSON OLD PUEBLO CU	0.01%
WELLS FARGO BANK	0.01%
CHASE BANK	0.01%
US BANK	0.01%
BANK OF AMERICA	0.01%
BBVA COMPASS BANK	0.01%
CREDIT UNION WEST	0.03%
FIRST CU	0.03%
MARISOL FCU	0.03%
SAN TAN CU	0.03%
DESERT SCHOOLS FCU	0.05%
ARIZONA STATE CU	0.05%
TRUWEST CU	0.05%
ARIZONA CENTRAL CU	0.05%
SUNWEST FCU	0.05%
CANYON STATE CU	0.05%
DEER VALLEY CU	0.05%
VANTAGE WEST FCU	0.05%
ALTIER CU	0.05%
ALHAMBRA CU	0.05%
TUCSON FCU	0.05%
PIMA FCU	0.05%
PYRAMID FCU	0.05%
BMO HARRIS BANK	0.05%
NATIONAL BANK OF ARIZONA	0.05%
AMTRUST BANK	0.05%
AMERICAN SOUTHWEST CU	0.08%
HUGHES FCU	0.10%
MIDFIRST BANK	0.10%
MERIDIAN BANK	0.10%
FIRST AMERICAN CU	0.15%
A. E. A. FCU	0.20%
NAVY FCU – MILITARY ONLY	0.25%
ALLIANT CU – $10 fee to join	0.70%
ALLY BANK – online only	0.90%
NAME	savings rate

Arizona FCU $3 monthly fee cannot be avoided unless you CLOSE YOUR ACCOUNT. Competitors offer easy options to avoid monthly fees.

Low information members keep their money at AZ FCU. Smarter choice members move their money where they aren’t ripped off, not only by the low interest rates that Arizona Federal pays, but also by the unavoidable $3 monthly ripoff fee.

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See how bad the rates are at Arizona Federal Credit Union here along with useful alternatives:

Arizona Federal pays the lowest and worst savings rate at AZFCU.org

NAME	Balance required to avoid fees in savings account – listed in ascending order – best to worst
ALLY BANK – online only	$0
ARIZONA STATE CU	$5
CREDIT UNION WEST	$5
FIRST CU	$5
SUNWEST FCU	$5
DEER VALLEY CU	$5
VANTAGE WEST FCU	$5
LANDINGS CU/TSCU	$5
PINAL COUNTY FCU	$5
ALLIANT CU – $10 fee to join	$5
NAVY FCU – MILITARY ONLY	$5
PYRAMID FCU	$5
FIRST AMERICAN CU	$5
AMERICAN SOUTHWEST CU	$5
TRUWEST CU	$25
CANYON STATE CU	$25
MARISOL FCU	$25
ALTIER CU	$25
ALHAMBRA CU	$25
SAN TAN CU	$25
TUCSON FCU	$25
PIMA FCU	$25
TUCSON OLD PUEBLO CU	$25
A. E. A. FCU	$25
ARIZONA CENTRAL CU	$25
HUGHES FCU	$50
DESERT SCHOOLS FCU	$200
NATIONAL BANK OF ARIZONA	$200
MIDFIRST BANK	$250
WELLS FARGO BANK	$300
CHASE BANK	$300
US BANK	$300
BANK OF AMERICA	$300
BBVA COMPASS BANK	$500
BMO HARRIS BANK	$500
AMTRUST BANK	$500
MERIDIAN BANK	$500
ARIZONA FEDERAL – cant avoid $3 MONTHLY ripoff FEES
NAME	Balance required to avoid fees in savings account – listed in ascending order – best to worst

How much money on deposit do you need at Arizona FCU to recover the $36 in annual fees? About $500,000

How much money on deposit do you need at Arizona FCU to cover the $36 in annual fees? About $500,000!
Arizona Federal Credit Union fees and rates are extremely uncompetitive. Arizona FCU is not a smarter choice.

Arizona Federal Credit Union pays extremely low, uncompetitive rates on its share savings account, only 0.01%. Once you factor in the unavoidable $3 monthly weasel fees, which come to $36 in yearly fees, you could suffer a huge negative return. In fact, in such a scenario, you might be better off burying your money in the backyard or hiding it under your mattress! As a part of Arizona Federal’s “financial education” program, do they explain how this is a big ripoff?

For example, if you have $100,000 in your share savings account, you would earn 0.01% interest which would be $10 in interest earned for the entire year. Then to experience the phony “Power of Us,” you would be paying $36 in fees, for a loss of $26!

Recap
$10 earned at 0.01% interest for $100,000 in share savings account
–$36 from $3 monthly weasel membership fees x 12 months = –$36
= –$26

In order to break even on the annual $36 weasel fees, one would need to have a $360,000 balance in a share savings account!

Recap
$36 earned at 0.01% interest for $360,000 in share savings account
–$36 from $3 monthly weasel membership fees x 12 months = –$36
=$0 breakeven

However, one would need MORE THAN $360,000 at 0.01% to break even, because the $36 earned on a $360,000 balance would be before tax! Depending on your tax bracket, it might take $500,000 or more to cover the $36 annual weasel fee. $500,000 x0.01% = $50 interest earned. In a 30% tax bracket, $50 interest earned–$15 in taxes = $35 remaining, after tax.

That same $500,000 at Ally Bank, at 0.84% = 0.0084 would earn $4200 in annual interest!

See this other post for alternatives, many of which are paying far higher than Arizona Federal Credit Union.

Arizona Federal Credit Union is not competitive with its out of touch $3 monthly member fee. Click the LOWER RIGHT folder icon to view full size or green Excel icon to download.