PHOENIX (May 14, 2021)—OneAZ Credit Union announced record annual growth at its 2021 Annual Meeting. The meeting was held on Tuesday, April 13. 2020 annual results and successes were shared with members and associates. OneAZ also provided $5,000 to two local Arizona nonprofits. Harvest Compassion Center and St. Mary’s Food Bank each received a $2,500 grant to support their missions to feed Phoenix families.
OneAZ’s Executive Leadership Team reported:
- Record Growth
It was a record year for growth. OneAZ’s total assets grew to $2.6 billion, an increase of 20% on the previous year, 145,000 members with member loan growth reaching $1.3 billion.
- Community Impact Grants
In 2020, through our emergency Community Impact Grant program, we were able to provide financial assistance in the amount of $200,000 to 100 local, Arizona nonprofits who found themselves in a financial hardship due to unforeseen circumstances including lost funding, forced closure and lack of volunteers caused by the COVID-19 pandemic.
- Protecting Frontline Workers
In early 2020, OneAZ donated 40,000 N95 masks to Banner Desert Medical Center, a local hospital whose ICU has treated many COVID-19 patients throughout the pandemic.
- Investing in Arizona’s Economy
OneAZ continued to invest in our economy during the economic recession by loaning business over $82 million last year and facilitated over $10 million in Paycheck Protection Program loans for more than 400 Arizona business owners.
- Diversity, Equity and Inclusion
After the events of 2020, we knew it was time to ensure that this commitment was reflected by integrating diversity, equity and inclusion into our value system. OneAZ appointed two Chief Diversity Officers and updated the vision, mission, and values, which guide its associates, executives and board of directors.
- Local Financing
OneAZ helped nearly 2,000 Arizonans finance their homes and provided financing for 5,096 members to purchase or refinance cars.
“Arizonans were hit hard by the COVID-19 global pandemic when it reached the US early in 2020. OneAZ operates with our members’ best interests at heart. It’s what we’ve done for 70 years, and what we continued to do in 2020. We immediately pivoted to provide options to help our members get through this tough time, including the option to defer their loan payments.”
Kim Reedy, President and CEO
Read more about OneAZ in the 2020 annual report:
OneAZ Credit Union would be happy to provide executive leaders for an interview.
About OneAZ Credit Union
OneAZ Credit Union is celebrating 70 years of helping Arizonans reach their financial goals. As a credit union, OneAZ is owned by its members, who benefit from better interest rates, lower fees for service and improved technology. With 20 branch locations and a full suite of personal and business banking solutions, OneAZ serves over 145,000 members across the state. OneAZ’s mission is to truly improve the lives of its members, its associates and the communities it serves. Insured by NCUA.