Tag Archives: membership

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

Posted in charts images pictures, financials | Tagged , , , , , , , , , , , , , , | Leave a comment

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

Posted in angry members, banks, principles, values, listening to members | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in angry members, banks, competition, principles, values, listening to members | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in angry members, principles, values, listening to members | Tagged , , , , , , , , , , , , , , , , | 4 Comments

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

Posted in angry members, principles, values, listening to members | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

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

Posted in angry members, comparison spreadsheet, competition, principles, values, listening to members | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Arizona Federal Credit Union fees and rates are extremely uncompetitive. Arizona FCU is not a smarter choice.

Arizona Federal Credit Union pays extremely low, uncompetitive rates on its share savings account, only 0.01%. Once you factor in the unavoidable $3 monthly weasel fees, which come to $36 in yearly fees, you could suffer a huge negative return. … Continue reading

Posted in competition | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Arizona Federal Credit Union has some of the highest, most excessive fees. Click the green Excel icon to download, or the folder icon to enlarge.

Are these high and excessive fees to feed the hungry bankers eating like pigs? A credit union should not be acting like a bank with excessive fees. A credit union should be trying to help members save, not trying to … Continue reading

Posted in banks, comparison spreadsheet, competition, principles, values, listening to members | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment