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 must reverse course to cancel the $3 monthly membership fee and refund those fees already charged to current and past members.

NEW YORK – SunTrust Bank said on Monday it will stop charging a $5-per-month fee for using debit cards and return the fees it’s collected since June to its customers. SunTrust cancelled their $5 monthly fee and refunded all previously … Continue reading

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Arizona Federal Credit Union leadership didn’t learn from the mistakes of Bank of America, Chase Bank, Regions Bank, SunTrust Bank, Wells Fargo Bank.

It is often said that if one doesn’t study history, that one is doomed to repeat the mistakes of the past. We give AZFCU an “F” in history. We present for your review how the banks in 2011 announced $5 … Continue reading

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Arizona Federal has misleadingly deceptive propaganda on its website in an attempt to justify its wrongful fee.

Isn’t it ironic that Arizona Federal knocks Bank of America, Chase, and Wells Fargo for $5 monthly debit card fees, which the banks announced in 2011 and quickly retracted in 2011, yet Arizona FCU instituted a $3 monthly fee simply … Continue reading

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Arizona Federal Credit Union, Arizona Federal, AZFCU, AZFCU.org Who owns a credit union?

A credit union, by the nature of its organizational structure, is owned by the members. Each member is an equal owner, regardless of their balance size, length of membership, account activity. So if you have $25 in your account and … Continue reading

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Arizona Federal Credit Union – Mutually beneficial? For whom? Ronald L. Westad?

Arizona FCU says they paid out a $3 million bonus to a little over 77,000 members in December 2012. They also show they had Net Income, or earnings, of about $45 million, in 2012. There were almost 162,000 members as … Continue reading

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Credit Union industry slams unfettered greed of Arizona Federal Credit Union, which damages the “credit union” name

http://www.cutimes.com/2013/05/02/arizona-fcus-membership-fee-breaks-new-ground-some Arizona FCU’s Membership Fee Breaks New Ground, Some Members Flee By Peter Strozniak May 2, 2013 Arizona      FCU loses 15,000 members because of new fee. Aimed      at building primary loyalty, credit union contends the strategy is      … Continue reading

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Arizona Federal Credit Union Annual Meeting – April 24, 2013 5:30 PM Wednesday at main branch

Arizona Federal Credit Union Annual Meeting – April 24, 2013 5:30 PM Wednesday at main branch Call 602-683-1599 for reservations to attend. ARIZONA FEDERAL CREDIT UNION 333 N 44TH STPHOENIX AZ 85008602-683-1701Located at N 44TH ST and E Van Buren … Continue reading

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Arizona Federal Credit Union competitors with Arizona branch locations. How do those other credit unions feel about their members?

Some of our supporters did an analysis comparing the statements of how competing credit unions feel about their members. While Arizona FCU looks down on its members, most other credit unions show an appreciation for their member-owners. See this link … Continue reading

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