Dear member,
At OneAZ, nothing is more important to us than the security and safety of your money. You may have seen headlines in the news about the recent instability of a few financial institutions and have concerns about the potential impact on OneAZ or our members.
The bottom line: your money is safe with OneAZ. We remain a strong and reliable financial institution that is well prepared to weather any market turbulence. We don’t take unnecessary risks with your deposits, and we make every decision with your well-being in mind.
OneAZ does not engage in risky investments with member deposits – As an Arizona-based credit union, OneAZ invests in local businesses and communities. We do not invest in speculative or emerging markets.
Members’ deposits are safe with OneAZ – Our members’ deposits are federally insured by the National Credit Union Administration (NCUA) up to $250,000 per individual depositor. For more information on federally insured deposits, please visit https://mycreditunion.gov/share-insurance.
OneAZ has adequate liquid reserves to cover member deposits – We maintain enough cash on hand to cover members’ needs.
OneAZ has a strong risk management program in place – This includes regular stress testing, contingency planning and compliance with regulatory requirements.
Our team of associates is always working towards improving your financial well-being. Thank you for entrusting OneAZ with your most important assets. If you have additional questions or concerns, please do not hesitate to contact our Member Care Center at 844.663.2928.
In Service,
Kim Reedy, President and CEO
About OneAZ Credit Union
OneAZ Credit Union is a member-owned financial institution serving 160,000 members with 20 branch locations across Arizona. As a credit union with over $3.0 billion in assets, OneAZ is owned by its members, who benefit from better rates, lower fees for service and improved technology. Since 1951, OneAZ has strived to help Arizonans meet their financial needs through a full suite of personal and business banking solutions. OneAZ’s mission is to truly improve the lives of its members, its associates, and the communities it serves. Insured by NCUA.
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