Arizona Federal was established on October 23, 1936 when a small group of City of Phoenix employees pooled their resources to form Phoenix City Employees Federal Credit Union. They started with fewer than 50 members and an average account balance of $5. The credit union has since expanded to manage over $1.3 billion in assets from 140,000 member accounts in 17 branch locations.
Arizona Federal is dedicated to effectively serve its members' financial needs through a professional staff, sound economic principles and a full range of financial services. We follow the philosophy of people helping people. Arizona Federal is also dedicated to providing financial education and playing a positive role in the communities we serve.
Because of the cooperative structure of credit unions, all earnings are passed back to members in the form of no fee or low fee services, high yields on savings products and low interest lending products. In addition, funds are insured up to $250,000 by the National Credit Union Administration (NCUA), a U.S. Government agency.