ARIZONA FEDERAL CREDIT UNION is no longer an active credit union according to the NCUA. If available, you can view their website at https://www.azfcu.org for more information.
Dec, 31, 2023 — ARIZONA FEDERAL CREDIT UNION is a federal credit union headquartered in Phoenix, AZ with 14 branch locations and about $2.84 billion in total assets. Opened 88 years ago in 1936, ARIZONA FEDERAL CREDIT UNION has about 146,173 members and employs 538 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ARIZONA FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | PO Box 60070 Phoenix, AZ 85082 |
| Phone: | (602) 683-1000 |
| Fax: | (602) 683-1913 |
| Website: | https://www.azfcu.org |
| Branches: | 14 branch locations |
| Members: | 146,173 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 1747 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1936 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,842,199,392 |
| CEO/Manager: | Ronald L Westad |
| Chairperson: | Libby Bissa |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 576,524,773 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 2,401,348 |
| Real Estate Loans | 703,160,662 |
| Unsecured Loans | 105,679,944 |
| Other Loans | 390,429,158 |
| TOTAL LOANS | 1,199,269,764 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -27,824,612 |
| Land And Building | 38,939,961 |
| Other Fixed Assets | 6,433,459 |
| NCUSIF Deposit | 21,013,187 |
| All Other Assets | 11,429 |
| TOTAL ASSETS | 2,842,199,392 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,852 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 40,044,030 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 838,652,977 |
| Regular shares | 735,629,249 |
| All Other Shares & Deposits | 951,363,583 |
| TOTAL SHARES & DEPOSITS | 2,525,645,809 |
| TOTAL LIABILITIES | 2,565,691,691 |
| Regular Reserve | 0 |
| Other Reserves | -19,159,373 |
| Undivided Earnings | 295,667,074 |
| TOTAL EQUITY | 276,507,701 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,842,199,392 |
| INCOME & EXPENSE | |
| Loan Income | 13,280,205 |
| Investment Income | 2,685,491 |
| Other Income | 4,353,799 |
| Total Employee Compensation & Benefits | 15,756,560 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 9,487,381 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | -81,282 |
| Cost of Funds | 1,944,745 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,066,882 |
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