Dec, 31, 2023 — ARIZONA FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in PHOENIX, AZ with 20 branch locations and about $3.31 billion in total assets. Opened 88 years ago in 1936, ARIZONA FINANCIAL CREDIT UNION has about 165,361 members and employs 653 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 FINANCIAL CREDIT UNION |
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Address: (Main Office) | 333 N 44TH ST PHOENIX, AZ 85008 |
Phone: | (602) 683-1000 |
Fax: | (602) 683-1913 |
Website: | https://www.azfcu.org |
Branches: | 20 branch locations |
Members: | 165,361 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68730 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1936 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $3,314,738,957 |
CEO/Manager: | Amy Hysell |
Chairperson: | William Greene |
ASSETS: | $ Amount |
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Cash & Equivalents | 451,456,851 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 1,580,396 |
Real Estate Loans | 1,165,790,030 |
Unsecured Loans | 122,264,479 |
Other Loans | 556,149,564 |
TOTAL LOANS | 1,844,204,073 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -22,135,673 |
Land And Building | 40,301,486 |
Other Fixed Assets | 9,954,393 |
NCUSIF Deposit | 25,436,356 |
All Other Assets | 154,418 |
TOTAL ASSETS | 3,314,738,957 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 200,000,000 |
Accounts Payable & Other Liabilities | 61,132,528 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 885,673,928 |
Regular shares | 918,720,196 |
All Other Shares & Deposits | 946,741,985 |
TOTAL SHARES & DEPOSITS | 2,751,136,109 |
TOTAL LIABILITIES | 3,013,013,637 |
Regular Reserve | 0 |
Other Reserves | -89,950,913 |
Undivided Earnings | 391,676,233 |
TOTAL EQUITY | 301,725,320 |
TOTAL LIABILITIES, SHARES, & EQUITY | 3,314,738,957 |
INCOME & EXPENSE | |
Loan Income | 102,507,688 |
Investment Income | 35,572,330 |
Other Income | 21,444,978 |
Total Employee Compensation & Benefits | 74,554,638 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 52,774,811 |
Non-operating Income & (Expense) | -4,935 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,292,916 |
Cost of Funds | 36,295,118 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 36,301,218 |
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