Author Archives: Arizona Federal Credit Union Members United

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.

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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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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 … Continue reading

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

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 … Continue reading

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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. … Continue reading

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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 … Continue reading

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