The Power of Us delivers for You!

We’ve had another successful year in 2018 – so much so that we’re on track for another member payout in excess of $6 million to be paid to eligible members on December 31.

In fact, since changing our business model on January 1, 2013, we’ve had six consecutive years of success that have restored the financial strength and soundness that we enjoyed for so many years before the Great Recession.

The success of our cooperative is due entirely to you, our members. So in addition to another big member payout this year, our volunteer Board of Directors recently voted to make other changes in 2019 to make things better for all Arizona Federal members!


These changes will result in a no-cost membership for approximately 90,000 of our 120,000+ members!

In short, we’re moving away from our model of assessing $3 monthly membership dues to all members. We’re replacing that with a monthly checking account fee – but, we’ll waive it if you complete 10 or more qualifying transactions in the prior month.

We’ll also waive the fee if you’re under age 21. These changes will result in a no-cost membership for approximately 90,000 of our 120,000+ members! And the remaining 30,000 can achieve a no-cost membership by further utilizing their existing accounts.

Thank you again for continuing to choose Arizona Federal for your financial needs. Because of all of you, things are getting better for all of Us!

Sincerely,


Ronald L. Westad
President/CEO

Frequently Asked Questions

The strong financial performance of the credit union, due to the active participation of our members, has given us the opportunity to re-examine elements of our business model.

As a result, our member-elected Board of Directors has listened to member feedback and directed us to:

  • Stop charging the $3 monthly fee to members who are performing 10 or more qualifying transactions each month
  • Lower the minimum amount required to open new checking accounts (from $100 to $20)
  • Raise the minimum age that we assess most fees from 18 to 21

  • Beginning January 2019, we’re changing the name of the Everything Account to Checking Plus (it’s just simpler)
  • By having a Checking Plus Account, you’ll be eligible to participate in any 2019 Plus Payout
  • We’ll waive the $3 monthly Checking Plus fee if you complete 10 or more qualifying transactions in the preceding month. For example, complete 10+ transactions in December and you won’t be assessed a fee on January 5.
    • Qualifying transactions include debit card, credit card, ACH/electronic withdrawal or deposit, and checks written
  • We’ll waive the $3 monthly Checking Plus fee if you’re under age 21
  • All benefits of membership (e.g., IDProtect™, shopping discounts, etc.) still apply
  • You’ll no longer be assessed $3 monthly membership dues beginning in January 2019
  • All benefits of membership still apply; however, you won’t be eligible to participate in any 2019 Plus Payout unless you open a Checking Plus Account
You can open a Checking Plus Account at any branch location, by phone at (602) 683-1000, or by logging in to your account and sending us a secure email requesting a Checking Plus Account.
You won’t be charged a monthly Checking Plus fee or any applicable inactive fee, locator fee or paper statement processing fee until you turn 21 years of age.

Please see the Consumer Fee Schedule for full details on all fees for services.
The $3 monthly Checking Plus fee will be applied to Checking Plus accounts on the 5th of each month. However, we’ll waive the fee for members who complete 10 or more qualifying transactions in the prior month.

For example, on January 5 we’ll assess the Checking Plus fee. However, it will be waived for members who completed 10 or more qualifying transactions in the month of December.
Transactions that qualify for waiver of the monthly Checking Plus fee include:
  • Debit card purchases
  • Credit card purchases
  • ACH/electronic deposits or withdrawals (including Bill Pay)
  • Checks written and cleared from a Checking Plus account
It’s simple – you’ll qualify for any available 2019 Plus Payout by having an open Checking Plus account in 2019. And the more you and all of our members use it, the higher the payout can be! Learn more about 2019 Plus Payouts.

In prior years, you needed to maintain a monthly average of 10 or more completed qualifying transactions to be eligible for Plus Payouts. Beginning in 2019, completion of 10 or more qualifying transactions is now the criteria for the waiver of the monthly Checking Plus fee instead.

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