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
Serving Arizona since 1951, OneAZ Credit Union is a financial powerhouse managing over $3.4 billion in assets and serving over 200,000 member-owners and 12,000 business owners across 20 branches statewide. We are committed to inspiring dreams and driving prosperity and community growth through innovative and high-quality personal and business banking solutions. At OneAZ, it’s all about banking for the people, not for profit. Discover more at OneAZcu.com. Insured by NCUA. Join us in driving prosperity and building a brighter tomorrow for Arizona.
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