A Year of Intentional Growth & Meaningful Progress
The past year marked a historic chapter for OneAZ Credit Union as we officially surpassed $4.3 billion in assets and expanded our family to over 235,000 members. A major highlight of 2025 was the successful acquisition of 1st Bank Yuma, which allowed us to proudly welcome the communities of Yuma, San Luis, and Nogales into our network. To reflect this evolution and our commitment to a modern banking experience, we launched a comprehensive brand refresh that ensures a consistent, vibrant presence across all our digital and physical touchpoints.
Beyond the balance sheet, our OneAZ Community Foundation reached record levels of giving, awarding over $600,000 in grants to strengthen the local economy and support future leaders.
Our momentum continues to build as we look forward to the opening of two new branches in Surprise and Peoria, further deepening our roots in the neighborhoods we serve. These milestones were achieved alongside a transition to an Agile Operating Model, empowering our associates to deliver faster, more innovative solutions for your financial journey.
As we approach our 75th anniversary, we stand more secure and resilient than ever, driven by a mission to create pathways to prosperity for every member. Together, we are building a thriving Arizona where your dreams are backed by the strength and stability of a trusted partner.
Members
Purpose Felt by Every Member
Enhancing Experiences Through Thoughtful Change
In 2025, our commitment to member success was defined by creating tangible pathways to financial security and prosperity. By expanding our presence into Yuma, San Luis, and Nogales and investing in specialized programs, we moved beyond standard banking to provide high-impact support for homeownership, small business growth, and financial literacy. Every milestone reached this year reflects our focus on delivering personalized guidance and modern solutions that empower our members to achieve their dreams. Through a unique combination of expanded access and expert coaching, we are ensuring that more Arizonans than ever have the tools they need to build a stable and thriving future.
$4.3B
Asset size
235,389
Total membership
100,989
New deposit accounts
30,048
New members
18,000
Member Growth in Yuma, San Luis, Nogales
4,843
Lives touched through Financial Literacy
296
Small business loans granted
218
First-time homebuyers
25
Branches
67
Financial Coaches
Associates
Empowered by Values
Equipping Our People to Lead, Adapt, and Thrive
OneAZ associates are the catalyst for the meaningful change we inspire in our members’ lives. Every mortgage funded, savings account opened, and financial coaching appointment builds a foundation for lasting financial stability. Whether providing direct support in our branches or powering the business from our corporate offices, each associate brings a unique skillset that helps our members thrive. OneAZ is committed to investing in our people and recognizing their contributions. Following a year of transformation and growth in 2025, we remain dedicated to uplifting our associates with the resources they need to succeed.
130
New Associates
80
Promotions
Community
Purpose Beyond Our Walls
Deepening Our Commitment to the Communities We Serve
In 2025, the OneAZ Community Foundation achieved meaningful growth in both giving and engagement, strengthening Arizona communities through record grantmaking, expanded volunteerism, and new opportunities for associate-driven support.
Through Community Impact Grants and Legacy Grants, the Foundation reached more nonprofit partners than in prior years and directed record levels of funding toward economic empowerment, community vitality, and the development of future leaders. Associates also contributed in new ways by increasing their volunteer involvement and supporting new funding channels, including associate giving initiatives and the Foundation’s annual golf tournament.
Looking ahead, the Foundation remains focused on expanding access to opportunity, strengthening partnerships, and aligning its impact with the evolving needs of the communities it serves. Together with members and associates, OneAZ will continue building resilient communities where individuals and families can thrive.
$2.5M
Total grants awarded
$600,800
Grants awarded
106
Non-profits supported
90
Volunteer events
509
Associates who volunteered
100,989
New deposit accounts
View our full 2025 OneAZ Community Foundation report here
Reports
To our Members, Associates, and Community:
2025 was a defining year for OneAZ Credit Union as we continued advancing our mission of improving lives across Arizona. Through the successful acquisition of 1st Bank Yuma, we expanded our reach and strengthened our ability to serve more members, families, and businesses throughout the state.
At the same time, we took meaningful steps to evolve how we operate. By adopting business agility principles within our operating model, we are empowering our teams to collaborate more effectively, respond more quickly to member needs, and continuously improve the experiences we deliver. This shift supports our long-term strategic priorities: expanding access and deepening the value we provide to members, enabling effortless interactions across every channel, strengthening our impact in the communities we serve, and building a purpose-driven culture for our associates.
As we grow and transform, our commitment to financial stewardship remains unwavering. We continue to invest in the systems, infrastructure, and talent needed to ensure OneAZ remains a strong, secure, and trusted financial partner for our members.
These achievements are made possible by the dedication of our associates and the trust our members place in us every day. Together, we are building an organization that not only meets the financial needs of today, but also helps individuals, families, and communities thrive for generations to come.
Looking ahead, we are excited to celebrate our OneAZ’s 75th anniversary – a milestone that reflects decades of service, resilience, and community partnership. As we mark this moment, we will continue expanding our presence, deepening relationships in the communities we serve, and staying focused on our purpose of improving lives across Arizona.
Thank you for being part of the OneAZ community. It is an honor to serve you.
Sincerely,
Mike Boden
President and CEO
Financial Strength, Purposefully Managed
The OneAZ Board of Directors Treasurer plays a critical role in safeguarding the Credit Union’s financial wellness and supporting its strategic goals of inspiring dreams and driving prosperity for all Arizonans. Collaborating closely with OneAZ’s management, the Treasurer monitors financial performance, ensures adherence to regulatory requirements, and assesses risks to maintain and strengthen OneAZ’s financial position.
As Treasurer, I am proud to report that OneAZ continues to be a strong, stable and secure financial institution. In 2025, we saw 27% growth, with our asset size now over $4.3 billion. A critical measure of a financial institution's health is the Capitalization Ratio. This ratio provides organizations with a look at things like their financial stability and growth potential. With our capital ratio at 7.42%, OneAZ is in a strong position to succeed.
The OneAZ Board of Directors, executive team, and management are deeply committed to ensuring the security and stability of the Credit Union. We are invested in building a strong foundation, so that we can continue to grow and positively impact the lives of more Arizonans for many years to come.
Oversight with Integrity and Purpose
The OneAZ Supervisory Committee ensures the safety and soundness of OneAZ’s assets and activities.
The Supervisory Committee, appointed by the Board of Directors, plays a vital role in safeguarding OneAZ Credit Union’s assets and ensuring sound governance. Through regular collaboration with the Board, Credit Union leadership, Risk Management/Internal Audit teams, external auditors, and regulators, the Supervisory Committee reviews activities and audit results to maintain the Credit Union’s integrity and compliance.
During the year, the Supervisory Committee performed a number of key oversight functions to ensure that the credit union’s financial practices were in line with industry standards and regulatory requirements. These activities include:
- Internal Audit Reviews: We reviewed the internal audit reports provided by the internal audit department, focusing on the results of the most recent internal audits and any issues raised in the audits.
- External Audit: The external audit report confirmed that the credit union’s financial statements were fairly presented in accordance with generally accepted accounting principles (GAAP).
- Financial Statement Review: We reviewed the financial statements, including the balance sheet and income statement, in detail on a quarterly basis to ensure accuracy and completeness.
- Compliance and Regulatory Reviews: We reviewed policies related to lending practices, member services, and operational procedures to confirm compliance with regulatory requirements.
- Internal Controls: The committee reviewed the internal control systems to assess whether they were effective in safeguarding the credit union’s assets.
- Risk Management: We reviewed the credit union’s risk management processes and procedures, including the identification, assessment, and mitigation of operational and financial risks.
- Member Feedback: We evaluated member concerns and complaints regarding the credit union’s operations and took action where necessary to address issues raised by members.
OneAZ’s Supervisory Committee has employed the independent accounting firm Doeren Mayhew to conduct an independent audit of the Credit Union’s 2025 financial statements. This is intended to ensure adherence to generally accepted accounting principles and to verify membership account procedures. Additionally, the Arizona State Department of Financial Institutions and Insurance and the National Credit Union Administration jointly completed their annual regulatory examination of the Credit Union’s operations.
The Supervisory Committee has concluded that OneAZ Credit Union continues to be financially strong and soundly managed. Additionally, the Credit Union remains compliant with financial and operational internal controls and applicable regulatory requirements.
We wish to express our appreciation to the Board of Directors, management and staff for their continued cooperation, compliance and dedication to the success of OneAZ Credit Union.
Henry Blanco, Chairman | Sara Click, Member | Jane Kuhn, Member
A Purpose-Driven Financial Position
At OneAZ, financial strength is a promise to our members and associates. In 2025, our continued growth and stability were driven by the dedication of our team and the trust of our members. Thanks to this collective effort, OneAZ remains a strong, dependable financial partner, empowering Arizonans to thrive today and in the future.
Board of Directors
Guided by Purpose
Board Leadership Committed to Our Mission
A Message From the Board Chair
Dear Members,
On behalf of the OneAZ Credit Union Board of Directors, I want to express my sincere gratitude for your continued membership and trust. This past year has been defined by a historic transformation for OneAZ, marked by strategic expansion and an unwavering commitment to the people of Arizona. We are proud to serve more Arizonans than ever before as we enter a new chapter in our organization’s 75th year...
... We are thrilled to celebrate the successful acquisition of 1st Bank Yuma, a milestone that has officially brought OneAZ into Yuma and Santa Cruz counties—two opportunities to bring better banking to a growing community. By welcoming Yuma, San Luis, and Nogales into the OneAZ family, we have added five additional branches to our network. This historic change allows us to continue our mission to be the primary financial partner for Arizonans across the state.
This expansion, combined with our organic growth, has propelled OneAZ to a significant financial milestone: crossing the $4.0 billion asset mark. This growth is not just a number on a balance sheet; it represents our enhanced ability to reinvest in you. This strength allows us to focus on improving member experience.
To guide us through this evolution, the Board is proud to have named Mike Boden as our President & CEO. With over 30 years of experience in world-class financial institutions—including a decade of dedicated service right here at OneAZ—Mike is the ideal leader for our next chapter. He is already working closely with our management team to foster strong, values-based leadership that puts people at the center of every decision.
As we grow, so does our responsibility to the communities we call home. We have significantly elevated the presence of the OneAZ Community Foundation this year. With the appointment of a new Foundation Director, we are expanding our reach and deepening our impact, ensuring that our success translates into meaningful support for our communities.
As we look toward OneAZ’s 75th anniversary, the horizon is bright. We are already preparing to open two new branches to further expand our reach. We remain focused on creating more opportunities for our members to bank, save, and thrive.
I am incredibly proud of our executive team and our associates for their passion and dedication. OneAZ is stronger, more stable, and more innovative than ever before. Thank you for being a vital part of our community. We are honored to be your trusted partner on your financial journey.
2025 Board of Directors
Georganna Meyer
Chairperson
Dr. Pearlette Ramos
Vice Chairperson
Ed Sanchez
Secretary
Dr. Ryan Williams
Treasurer
Jon Borge
Director
Martha Rozen
Director
Sam Wheeler
Director
Marquetta White
Director
T. Paul Thomas
Director
Carlos Velasco
Advisory Director
