Category Archives: principles, values, listening to members
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
Arizona Federal Credit Union checking account vs other banks and credit unions. Dont let AZFCU rip you off!
As of May 2013, AZFCU still has a website page from 2011 comparing their checking account vs banks. Since AZFCU believes in financial education, why are they not truly educating their members by also listing competing credit unions? Notice how … Continue reading
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
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
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
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
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
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
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
Since Arizona Federal Credit Union wants to distinguish itself, it needs to have an accurate slogan and mission statement. Here are some ideas we have received: “Bad service, big fees.” “Pay more, get less.” “Less for you, more for us. … Continue reading