arizona credit unions Archives

Arizona’s Credit Unions Are Reaching Out To Small Businesses

credit unions reaching out to small business
by in AZ Business Magazine | Featured | Finance

Relative newcomers to the field of making business loans, credit unions nonetheless have become key players in today’s tight-money economy. Barely 10 years ago, credit unions concentrated mainly on savings and checking accounts, and made personal, auto and home loans. But the Credit Union National Association says credit unions nationally originated $6.5 billion in business… Read More →

The ACULA Formed A Partnership To Help Peer Credit Unions In Antigua

Antigua map
by in AZ Business Magazine | Featured | Finance

Arizona credit unions are reaching out to professional colleagues in the former British colony of Antigua, offering instruction, training and guidance to help credit unions on the tiny Caribbean island expand and modernize. Working through the World Council of Credit Unions (WOCCU), the Arizona Credit Union League & Affiliates has established a partnership with the… Read More →

The ACULA Has Transformed Over The Decades

credit unions transformation
by in AZ Business Magazine | Featured | Finance

In the 75 years since the formation of the Arizona Credit Union League & Affiliates, the organization’s role has changed markedly as its membership soared. Actually, the first credit union law in Arizona was introduced, passed by the Legislature and signed by the governor in 1929. Thus, Arizona became the 29th state to enact a… Read More →

Credit Unions Were Well Capitalized Leading Into The Recession

money stack

Arizona credit unions are weathering the rocky economy fairly well, but not without some bumps and bruises along the way. More than 20 of the 55 credit unions in the state have seen their bottom lines slip into the red. Even so, conservative and prudent lending policies that steered them away from the risky subprime… Read More →