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

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?
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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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