What can you do if you are angry with Arizona Federal Credit Union’s monthly $3 membership weasel fees

Members consider Arizona FCU's unavoidable $3 monthly fee to be pickpocketing and theft

Members consider Arizona FCU’s unavoidable $3 monthly fee to be pickpocketing and theft

What can you do if you are angry with Arizona Federal Credit Union’s unavoidable $3 monthly weasel fee, which comes to 12 months x $3 every month = $36 every year?

Here are some ways you can protest the unfair transfer of wealth, whether you remain a member or not. Let your voices be heard! Here are some ideas:

Call, write, email, fax the management, Board of Directors, and Supervisory Committee. Here are their names:

Write to:
Kelvin Smith – Board of Directors Chairperson
or Libby Bissa – Supervisory Committee Chairperson
Arizona Federal Credit Union
333 N 44TH ST
M-F 9-6

Show up at the annual meeting to express your outrage.
Picket the annual meeting, the 15 branch locations.
Post links to this site on your Facebook, Twitter, and on AZ Federal’s Facebook account.
Warn your friends and family about these evil fees; show them how there are many alternative financial institutions.
Warn and educate your neighbors, even strangers while waiting in line at the grocery store.
Refer people to http://www.ASmarterChoice.org or this site, http://ArizonaFederalCreditUnionMembers.wordpress.com, to find a friendly credit union that is fair with members, not “stealing” $3 from them monthly.
File complaints with the National Credit Union Administration aka the NCUA, the regulator of Arizona FCU.
Post reviews on the Internet.
Write Letters to the Editor of your local newspaper.
Contact journalists and the media to let them know how this unavoidable fee is wrong.
Run for a seat on the Board of Directors, to work from within, to rescind the $3 monthly weasel fees.
Let Arizona Federal Credit Union know there are serious repercussions for turning their backs on loyal Arizona FCU members.

If you must close your account to avoid these reprehensible unjust monthly fees, we completely understand. However, you should likewise understand that you are giving up your ownership rights to the credit union that belong to you and all other members in equal proportion, as each member owns 1 share of the credit union, and gets 1 vote, regardless of your balance size.

Arizona Federal is practically “stealing” $3 from its members every month. What are the members going to do about it?

About Arizona Federal Credit Union Members United

Arizona Federal Credit Union Members United is a group of over 100 members and former members who care about our credit union being run fairly. The leadership of the credit union has failed to represent us properly by enacting a new and unnecessary, unavoidable, unconscionable, $3 monthly membership fee that we did not want. The members did not ask for this. Before implementing such a counter-productive fee, the proposal should have been put up for a vote to all the members to decide, so the will of the people is followed. The member-owners of Arizona FCU should not be taxed $3 monthly, simply for being a member. We want all the $3 monthly member fees refunded to all current and past members, the elimination of the fee going forward, and the elimination of the $25 rejoining fee. We are against any financial institution charging an unavoidable ongoing membership fee, simply for being a member. This is the wrong approach. Members and customers should be valued, not punished. We want to see Arizona FCU succeed, not fail. Imposing unfair policies that are detrimental to the long-run success of the credit union and detrimental to society should be abolished.
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6 Responses to What can you do if you are angry with Arizona Federal Credit Union’s monthly $3 membership weasel fees

  1. kyle says:

    A bank or credit union charging for checking is fine, because you are paying to get something. Charging to be a customer of a bank or credit union is wrong because it is a sign that the institution does not respect or value the customer. A customer shouldn’t have to pay money to be a customer. Fees should only be charges for services you have like checking accounts, because then you can avoid them.

    Thats why there are so many unhappy members behind this blog that brought this into the news in the first place, when those scumbags at Arizona Federal were trying to keep it quiet.

  2. MovingToAlly says:

    I’m voting … I’m in the process of leaving AZFed. Moving to Ally. Huge increase in financial benefits. Can’t believe it took a $3 fee to get me to move.

    $35k may not be a lot of voting power with AZFed, but it is mine, and they aren’t going to get $3 more from me.

  3. millionaire says:

    While I am a millionaire and can afford to pay a $3 monthly fee, I find that charging this fee on the backs of members to be reprehensible as it most harms the poor. Credit unions are supposed to be for everyone, not just richer members.

  4. Tom Pielach says:

    If itn looks like a bank, and charges like a bank
    It’s time to move to a Credit Union !!!!
    Tom P

  5. Mary says:

    you do get most of it back at the end of the year. But I understand what everyone means…. they shouldn’t charge anything…..but then again, other Banks have their ways of charging customers as well.

    • No, people don’t get $36 in fees back at the end of the year. They NEVER get it back. Most of the benefits go to the fatcats, greedy management and the richer members. This is Robin Hood in reverse, with the poorer members subsidizing the richer members. The fee is contrary to the published statements by AZ FCU to be helping the community and contrary to the principles upon which credit unions were founded to help people of modest means. Arizona FCU is punishing people of modest means.

      Don’t forget, AZ FCU is a credit union, not a bank, so it should be acting like a credit union, not a bank.

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