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Arizona Federal Credit Union Gives Back $6 Million to Members

PHOENIX, Jan. 2, 2020 /PRNewswire-PRWeb/ --A For the eighth year in a row, Arizona Federal Credit Union's Board of Directors declared a year-end payout as part of the credit union's Plus Payouts program. The $6 million distribution for 2019 brings the total amount paid to the credit union's members to more than $42 million since the program's inception in 2012. "As a not-for-profit financial cooperative, we share excess earnings with our member-owners when the credit union performs well," said Ronald Westad, Arizona Federal president and CEO. "Those members who actively use our services and contribute to our success reap the rewards."To qualify for a Plus Payout, members had to have an active Checking Plus Account as of December 31, 2019. In return, members with a qualifying loan or credit card account received a partial refund of any interest they paid in 2019. Accountholders with funds on deposit, received a year-end bonus dividend.To learn more about Plus Payouts and membership at Arizona Federal, visit ArizonaFederal.org/Plus.About Arizona Federal Credit Union
Arizona Federal is a $1.9 billion not-for-profit, local cooperative providing financial services and expertise to more than 130,000 member/owners. Founded in 1936, the credit union empowers members to take hold of their financial future through the delivery of leading-edge self-service tools and mobile apps, competitive rates on loans and deposits, robust home loan solutions, small business services and commercial loans, identity protection services, and annual member payouts when the cooperative does well. Arizona Federal has 16 locations across the Phoenix metropolitan area. Deposits are federally insured by the National Credit Union Administration. For more information: ArizonaFederal.org.
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