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ONEAZ CREDIT UNION

PHOENIX, AZ · EIN 860108770 · Form 990 · FY2021 · NTEE W61 · Public & Societal Benefit · Very Large (>$50M) · www.oneazcu.com
revenue
$105.4M
expenses
$93.2M
net assets
$227.1M
employees
621
volunteers
13
mission · from form 990

A FINANCIAL COOPERATIVE PROVIDING MEMBERS WITH FINANCIAL SERVICES.

profile · synthesized from sources

OneAZ Credit Union is a financial cooperative offering a range of consumer and business banking products, including auto loans, home equity loans, mortgages, credit cards, and savings accounts. It serves individuals and businesses primarily in Arizona, providing competitive interest rates and financial services tailored to members' needs. Membership is required to access most products and rate discounts.

named programs · 5 · from sources

what they call their work

Home Equity Line of Credit
Variable-rate line of credit with draw period of 10 years and repayment up to 15 years, available for primary residences with CLTV up to 90%
Home Equity Loan
Fixed-rate loans for homeowners with CLTV up to 90%, offering loan amounts from $10,000 to $200,000 for terms up to 180 months
New and Used Auto Loans
Financing for new and used vehicles with terms up to 84 months, including rate discounts for members with Benefits Checking accounts
Savings and Money Market Accounts
Consumer and business savings products including tiered yield accounts, share certificates, and high-yield money market accounts
Visa Credit Cards
Multiple credit card options including low-interest and cash back rewards cards, all with no annual fees and built-in fraud protection
activities · 11 groups

what they do

  • Credit Union Financial Services 6 activities
    • Administer consumer and business financial products
      Offers a range of financial products including free checking accounts, Star High Yield Money Market accounts, Share Certificates, credit cards with no annual fees, auto and personal loans, home equity loans and lines of credit, business checking and savings accounts, merchant services, and a digital cash management platform for businesses serving over 11,000 Arizona businesses.
    • Business Financial Services
      Provides comprehensive financial services for businesses including business checking and savings accounts, merchant services with fraud prevention and data security tools, a digital cash management platform with payment processing and reporting, and a business cash rewards credit card with tiered cashback rates.
    • Offer consumer and business financial products
      Provides a range of financial products including free checking accounts, Star High Yield Money Market accounts, Share Certificates, personal loans, auto loans, home equity loans and lines of credit, business checking and savings accounts, business credit cards with cashback rewards, merchant services, and a digital cash management platform for businesses.
    • Offer personal banking products and services
      Provides various personal banking products including free checking accounts, savings accounts, share certificates, and mobile banking services. Also offers personal loans, vehicle loans, and credit cards with features like no annual fees, 24/7 fraud protection, retail purchase protection, and travel accident life insurance.
    • Provide business banking products and services
      Offers various business checking and savings account options, flexible and customized business loans (including SBA loans, working capital lines of credit, commercial real estate, and construction loans), business cash rewards credit cards, digital cash management platforms, and merchant services.
    • Serve Arizona businesses
      Provides financial services to over 11,000 businesses in Arizona, including business accounts, lending, payment processing, and cash management solutions.
  • Member Benefits and Support Services 5 activities
    • Credit Cards and Cardholder Benefits
      Offers credit cards with no annual fees, 24/7 fraud protection, retail purchase protection up to $500 per claim, travel accident life insurance, and advanced mobile app controls for card management including locking/unlocking, merchant controls, and custom alerts.
    • Insurance and Member Discount Programs
      Offers members affordable insurance options including hospital accident and accidental death & dismemberment coverage, discounts on Travelers Auto and Home Insurance, and promotes financial savings through illustrative debt consolidation examples.
    • Offer insurance products and discounts
      Provides members with discounts on Travelers Auto and Home Insurance and offers affordable hospital accident and accidental death & dismemberment coverage.
    • Provide insurance and member discount programs
      Offers members discounted Travelers Auto and Home Insurance, as well as affordable hospital accident and accidental death & dismemberment coverage, and provides credit card benefits including retail purchase protection, travel accident life insurance, and 24/7 fraud protection.
    • Support member insurance and protection services
      Offers members discounted Travelers Auto and Home Insurance, affordable hospital accident and accidental death & dismemberment coverage, retail purchase protection up to $500 per claim, and travel accident life insurance through credit cards.
  • Local Community Grantmaking 4 activities
    • Administer community grant programs
      The OneAZ Community Foundation awards annual grants to Arizona nonprofits in the areas of Economic Empowerment and Entrepreneurship, Community Vitality, and Developing Future Leaders, having supported 562 organizations since 2016 and awarded $2.5 million in grants.
    • Administer community grant programs and nonprofit support
      The OneAZ Community Foundation awards annual grants to Arizona nonprofits, having supported 562 organizations since 2016 and awarded $2.5 million in grants, focusing on Economic Empowerment and Entrepreneurship, Community Vitality, and Developing Future Leaders.
    • Administer community grants
      Administers grant programs for Arizona nonprofits in the areas of Economic Empowerment and Entrepreneurship, Community Vitality, and Developing Future Leaders, awarding dozens of grants annually.
    • Community Grant Programs and Nonprofit Support
      The OneAZ Community Foundation administers annual grant programs supporting Arizona nonprofits in Economic Empowerment and Entrepreneurship, Community Vitality, and Developing Future Leaders, having awarded $2.5 million in grants and supported 562 organizations since 2016.
  • Digital Banking and Payment Services 4 activities
    • Conduct system and branch operations maintenance
      Performs scheduled and unscheduled maintenance affecting online banking, mobile services, ATMs, identity theft monitoring, and debit card issuance. Also manages temporary branch closures and service disruptions.
    • Mobile and Online Banking Services
      Provides mobile and online banking services including mobile check deposit, fund transfers, bill payments, live chat with associates, ATM location finder, remote deposit capture, and 24/7 account access, with scheduled maintenance performed to support system reliability.
    • Provide mobile and online banking services
      Offers mobile banking services including mobile check deposit, fund transfers, bill payments, live chat with associates, ATM location finder, and advanced card controls such as locking/unlocking cards and setting transaction alerts; also conducts regular system maintenance affecting these platforms.
    • Provide mobile and online banking services
      Offers mobile banking services including mobile check deposit, fund transfers, bill payments, live chat with associates, ATM location finder, and advanced credit card controls such as locking/unlocking cards and setting transaction alerts. Also maintains 24/7 fraud protection for credit cards.
  • Elder Fraud & Cybercrime Victim Support 4 activities
    • Deliver fraud prevention and scam awareness resources
      Provides up-to-date information on trending scams—including phishing, imposter, and ATM skimming scams—and offers security tips, fraud protection resources, and email security guidance to help members protect themselves.
    • Fraud Prevention and Security Education
      Provides members with up-to-date information on trending scams, fraud protection resources, security tips, and email security guidance to help protect against phishing, imposter scams, ATM skimming, and other common threats.
    • Provide fraud prevention and security education
      Shares up-to-date information on trending scams (e.g., phishing, imposter, utility, and job scams), offers fraud protection resources, security tips, and email security guidance to help members protect against online and offline threats.
    • Provide fraud protection and security resources
      Informs members about trending scams and provides resources on fraud protection, security notices, security tips, and email security to help protect against online and offline threats.
  • Credit Counseling and Debt Management 4 activities
    • Free Financial Coaching and Education Services
      Offers free personal financial coaching to members, including 45-minute sessions for those opening a personal loan, and provides educational resources such as a downloadable budget worksheet, online financial calculators, a Financial Resources Guide via email, and a YouTube channel with financial education content.
    • Offer free financial coaching and educational resources
      Provides free personal financial coaching to members, including a 45-minute session for those opening a personal loan, and distributes educational tools such as a budget worksheet, Financial Resources Guide via email, online financial calculators, and a YouTube channel with financial education content.
    • Offer free financial coaching and educational resources
      Provides free personal financial coaching to members, including 45-minute sessions for personal loan applicants, a downloadable budget worksheet, a Financial Resources Guide via email, online financial calculators, and a YouTube channel with financial education content and success stories.
    • Provide financial education and coaching
      Offers free personal financial coaching sessions, downloadable budget worksheets, online financial calculators, and a Financial Resources Guide via email subscription to help members manage their finances, reduce debt, and build credit. Also maintains a YouTube channel with financial education content.
  • Youth Housing Construction Initiatives 2 activities
    • Partner on community development projects
      Collaborated with Verde Valley Habitat for Humanity to support new housing construction, contributing to the building of homes for four families during the pandemic.
    • Partnerships for Community Development
      Partners with organizations such as Verde Valley Habitat for Humanity to support housing development, contributing to the construction of homes that housed four families during the pandemic.
  • Basic Banking and Savings Accounts 1 activity
    • Deposit Accounts and Account Management Tools
      Offers free checking and savings accounts, Share Certificates, IRA Share Certificates, and business checking and savings accounts, along with detailed account disclosures, fee schedules, and transparency tools available online and at branch locations.
  • Vehicle and Personal Loan Financing 1 activity
    • Lending and Loan Products
      Provides a range of loan products including personal loans with terms up to 48 months, auto loans for various vehicles, home equity loans and lines of credit with CLTV up to 90%, SBA loans, commercial real estate and construction loans, and Share Certificate Secured loans, along with promotional rate discounts.
  • Home Equity Lending Services 1 activity
    • Offer home equity loans and lines of credit
      Provides Fixed Rate Home Equity Loans and Home Equity Lines of Credit with various Combined Loan to Value (CLTV) options, including promotional interest rate reductions.
  • Uncategorized 4 activities
    • Administer loan discounts and promotional rates
      Offers promotional interest rate reductions on home equity loans (0.50% off) and auto loans (0.25% off for Benefits Checking account holders), along with illustrative tools showing potential savings from debt consolidation.
    • Maintain transparency in account terms and fees
      Provides comprehensive account and service disclosures detailing interest calculations, transaction limits, and deposit/withdrawal rules, along with a published fee schedule listing all charges. Disclosures are available online, at branches, and by phone request.
    • Offer loan discounts and promotional rates
      Provides promotional interest rate reductions on home equity loans (0.50% off) and auto loans (0.25% off for Benefits Checking account holders), and illustrates potential savings through debt consolidation examples.
    • Support financial transparency and account management
      Maintains a public fee schedule listing charges for accounts and services, provides comprehensive account disclosures detailing operations and rules, and makes these materials available online, at branches, and by phone request.
financials · form 990 · fy2021
revenue
Total revenue$105.41M
Contributions & grants$00%
Program service revenue$92.18M87%
Investment income$11.05M10%
Other revenue$2.18M
expenses
Total expenses$93.15M
Program expenses
Admin / overhead
Fundraising
Salaries & benefits$45.32M
Grants paid out$428K
Largest expense lineCompensation
balance sheet
Total assets$3.04B
Cash$198.86M
Investments$1.28B
Liabilities$2.82B
Net assets$227.13M
Liquid reserves190.3 mo
2 years on record · 2020–2021 · YoY revenue -0.8%
leadership · form 990 part vii · fy2021

who runs it

paid leadership · 25
NameTitleHours/wkCompensation
RICHARD K REEDY CEO/PRESIDENT 40 $719K
MICHAEL BODEN EVP CFO 40 $700K
MICHAEL SAMMONS FINANCIAL ADVISOR 40 $517K
TORREY JEWETT FINANCIAL ADVISOR 40 $479K
MICHAEL JESTER MORTGAGE ORGINATION SUPERVISOR 40 $443K
LAURA WORZELLA EVP COO 40 $442K
DEBORAH PEARSON EVP STRATEGY & BRAND 40 $380K
MICHAEL EMANUELLI EVP CHIEF ADMINISTRATION OFFICER 40 $344K
SASSAN AZHADI SVP CHIEF INFORMATION OFFICER 40 $339K
KEN BAUER EVP CLO 40 $336K
IAN WINGFIELD DIGITAL BANKING VICE PRESIDENT 40 $322K
BEAM CHIP GRIFFITH REGIONAL PRESIDENT II 40 $316K
ALEX MCELYEA SVP DATA ANALYTICS & PRODUCT MANAGER 40 $294K
THOMAS MITCHELL VP WEALTH MANAGEMENT 40 $284K
BRIAN JOHNSON SVP BUSINESS INTELLIGENCE 40 $205K
MARTHA ROZEN CHAIRMAN 2 $33K
RAY O'CONNOR DIRECTOR 2 $27K
GEORGANNA MEYER SECRETARY 2 $26K
PEARLETTE RAMOS DIRECTOR 2 $26K
SAM WHEELER DIRECTOR 2 $26K
MARQUETTA WHITE DIRECTOR 2 $25K
JOSEPH SMITH DIRECTOR 2 $25K
JON BORGE VICE CHAIRMAN 2 $20K
RYAN WILLIAMS TREASURER 2 $20K
FRANK FELIX DIRECTOR (THRU 5/21) 2 $6K
relationships · 20

who they work with

  • Allstate Partner — Partners with Allstate for identity theft monitoring services offered to Benefits Checking account holders.
  • Boys & Girls Club of Flagstaff Partner — Provided grant funding to support the Youth of the Year program, which offers leadership development, academic enrichment, and mentorship opportunities.
  • Change Labs Partner — Awarded a $50,000 Legacy Grant to support community development initiatives.
  • Department of Housing & Urban Development Government — Directs individuals who believe they have been discriminated against under the Federal Fair Housing Act to send complaints to the Assistant Secretary for Fair Housing and Equal Opportunity at HUD.
  • Dress for Success Phoenix Partner — Provided grant funding to support Dress for Success Phoenix's Bank On Arizona program, which offers financial education, career development, and professional attire.
  • Friends of Coconino County Parks Partner — Awarded a $140,800 Legacy Grant to support park-related community programs.
  • Heartland Partner — Partners to provide merchant services.
  • JobPath Partner — Awarded a $30,000 Legacy Grant to support workforce development programs.
  • LegalShield Partner — Offers LegalShield services to members at a reduced cost.
  • Member Support team Partner — Internal team responsible for assisting members with disclosures, providing support, and mailing paper copies upon request.
  • Money Peach Partner — Partners with Money Peach to provide free financial education to members across Arizona.
  • NPR Government — Cites NPR as a source for data on Americans living paycheck to paycheck.
  • National Credit Union Administration Government — Directs individuals who believe they have been discriminated against under the Federal Fair Housing Act or the Equal Credit Opportunity Act to send complaints to the Office of Consumer Protection at NCUA.
  • OneAZ Mobile Banking app Partner — Offers integrated mobile banking services including check deposit, fund transfers, bill payment, and live chat with associates.
  • StartUp Tucson Partner — Awarded a $50,000 Legacy Grant to support entrepreneurship in Southern Arizona.
  • Travelers Partner — Offers members discounts on Auto and Home Insurance through Travelers.
  • Tu Nidito Partner — Provided grant funding to support grief support services for children, teens, young adults, and caregivers in Southern Arizona.
  • Valley Leadership Partner — Awarded a $90,000 Legacy Grant to support leadership development initiatives.
  • Verde Valley Habitat for Humanity Partner — Partners to help build new housing options for Arizonans in need.
  • Visa Partner — Offers various Visa-branded credit cards, including State Forty Eight, Choice Rewards, Signature, and Platinum.