Arizona
REGULATING AGENCY: Arizona Department of Insurance and Financial Institutions, Financial Institutions Division
Arizona Capitol Museum
- Barbara Richardson, Director
- Shane Foster, Deputy Director
- Greg Dunn, Assistant Director
- Marie Corral, Chief Financial Examiner
- Website: dfi.az.gov/industry/financial-institutions/credit-union
ACCREDITED: 1996
LEAGUE: GoWest Credit Union Association
- Troy Stang, President/CEO
- Website: gowestassociation.org
PRIVATE SHARE INSURANCE: No
2023 STATS
- Largest SCU: DESERT FINANCIAL CU $8.52B in assets
- Largest FCU: HUGHES FCU $1.89B in assets
| Second Quarter 2023 | SCUs | FCUs | Total CUs | % of SCUs/Total |
|---|---|---|---|---|
| Total Credit Unions | 16 | 19 | 35 | 45.71% |
| Credit Union Members | 1.42M | 503,167 | 1.93M | 73.88% |
| Credit Union Assets | $23.84B | $5.91B | $29.75B | 80.13% |
FUN FACT
The state produces enough cotton each year to make two t-shirts for every American.
IN THE NEWS
Arizona Credit Union Buys Bank In 11th Such Deal of 2023
Nov. 10, 2023 — AEA Federal Credit Union’s purchase of West Valley National Bank will double its brick-and-mortar presence and expand it into the Phoenix and Las Vegas markets. Yuma, Arizona-based AEA Federal Credit Union will purchase substantially all of Goodyear, Arizona-based West Valley National Bank’s assets and assume substantially all of its liabilities in an all-cash deal announced Tuesday that represents the 11th time this year a credit union has bought a bank…
Story Archive
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