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

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
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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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