What OneAZ Credit Union does

OneAZ Credit Union is a member-owned, not-for-profit financial cooperative founded in 1951 and headquartered in Phoenix, Arizona, operating one of the state's largest credit union networks with over 30 branch locations spanning Phoenix, Tucson, Flagstaff, Prescott, Yuma, and surrounding communities. The institution serves Arizona residents and local businesses through a comprehensive suite of deposit products (free checking, high-yield Propel Savings at 3.85% APY, money market tiers, share certificates, IRAs), lending products (mortgages, HELOCs, auto, personal, RV/boat/motorcycle), Visa credit and debit cards, SBA business lending, wealth management, insurance, and financial coaching services.

The credit union's digital infrastructure is anchored by a five-year strategic partnership with Lumin Digital, providing a cloud-native digital banking platform that serves over 200,000 digital banking users and 112,000 monthly active mobile app users across retail, business, and commercial segments. The technology stack includes online banking, a mobile app with mobile check deposit and live chat, Zelle P2P payments, Apple Pay/Google Pay/Samsung Pay digital wallet integration, and 24/7 telephone banking, supplemented by access to over 41,000 fee-free ATMs through the CULiance network alliance.

OneAZ generates revenue primarily through net interest income on its loan portfolio (deposits and lending to members) supplemented by fee income (overdraft, wire transfer, foreign transaction fees at 1% on Visa cards, early closure fees) and ancillary income from insurance products, wealth management, and card interchange. As a not-for-profit cooperative, margins are returned to members through higher savings rates and lower fees. Following its October 2024 announcement to acquire 1st Bank Yuma (Western Arizona Bancorp) in an all-cash transaction adding $600 million in assets and five southern Arizona branches, OneAZ's total assets have expanded to over $4 billion, with full integration targeted for 2026.

Name

OneAZ Credit Union

Legal name

OneAZ Credit Union

Website

https://oneazcu.com

Company type

Private

Founded year

1951

Operating status

Operating

Headcount range

501–1,000 employees

Short description

OneAZ Credit Union is a member-owned, not-for-profit financial cooperative founded in 1951, serving Arizona residents and local businesses through 30+ branches with over $4 billion in assets and cloud-native digital banking.

Ownership category

akta.pro rank

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices20 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Net Interest Income: Primary revenue driver as a credit union. Interest income earned on loan portfolio (mortgages, auto loans, personal loans, HELOCs, credit cards) minus interest paid on deposits (checking, savings, money market, share certificates, IRAs). As a not-for-profit institution, margins are passed back to members in the form of higher savings rates and lower loan rates.
2. Fee-Based Income: Various fee income streams including overdraft fees, ATM fees for out-of-network usage, wire transfer fees, early account closure fees, excessive transfer fees, minimum balance fees, and foreign transaction fees (1% on all Visa credit and debit cards). Also includes fee income from credit card transactions.
3. Insurance Products: Revenue from insurance product sales including auto and home insurance, accidental death insurance, and identity theft monitoring offered through Benefits Checking accounts.
4. Wealth Management Services: Wealth management and investment advisory services generating fee income. Includes IRAs, share certificates, and financial advisory services.
5. Securities Offering: SEC-registered securities offering of $65 million with minimum investment of $100,000 per investor, filed November 2025.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels9 records

Core offering

OneAZ Credit Union is a member-owned, not-for-profit financial cooperative that provides retail and small business banking products and services to Arizona residents and local businesses. Core offerings include checking and savings accounts, share certificates, money market accounts, IRAs, mortgage and home equity loans, auto and personal loans, Visa credit cards, digital banking via mobile app and online platform, business banking, wealth management, and insurance products. The institution operates through a branch network across Arizona and a cloud-native digital banking platform supporting over 200,000 users.

Product overview

OneAZ Credit Union offers a comprehensive suite of financial products and services primarily serving Arizona residents and businesses. The product portfolio spans deposit products (checking, savings, money market, share certificates, IRAs), credit products (credit cards, mortgages, home equity, auto loans, personal loans), digital banking (online and mobile banking with Zelle and digital wallet support), and supplementary services (financial coaching, wealth management, insurance). The credit union emphasizes local decision-making, competitive rates, and member-focused service, with notable offerings including the Arizona-themed State Forty Eight credit card supporting Local First Arizona, the Propel high-yield savings account, and specialized business banking serving over 12,000 local Arizona businesses.

Differentiator

Problem solved

Functional benefit

Brands

• OneAZ Mobile Banking: Mobile banking application for iOS and Android devices enabling deposits, transfers, bill payments, and account management
• 1BY (1st Bank Yuma)

Products and services

• OneAZ Free Checking Fee-free checking account for everyday transactions including deposits, bill payments, and debit card purchases. Includes direct deposit capability with payments up to 2 days early. No monthly maintenance fee and no minimum balance requirement.
• Propel Savings (High-Yield Savings)
• Share Certificates
• Money Market Accounts
• IRAs
• Mortgage Loans
• Home Equity Line of Credit (HELOC)
• Fixed Rate Home Equity Loans
• Auto Loans
• Personal Loans
• RV, Boat & Motorcycle Loans
• Refinance Loans
• Visa Choice Rewards Credit Card
• Visa Platinum Credit Card
• Visa Signature Credit Card
• Visa State Forty Eight Credit Card
• Business Banking
• Wealth Management
• Auto & Home Insurance
• Financial Coaching

Quantifiable outcome

• Total assets expanded to over $4 billion following 1st Bank Yuma acquisition
• +4 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Lumin DigitalcoreTechnology or Integration · 14 April 2026Five-year strategic digital banking partnership renewal (originally launched 2021). Lumin Digital provides a cloud-native digital banking platform supporting OneAZ's over 200,000 digital banking users and 112,000 monthly active mobile app users across retail, business, and commercial banking. The platform enables scalable digital experiences and positions OneAZ for continued growth with flexibility for future expansion.
• GreenPath Financial WellnesscoreStrategic or Co-development PartnerTrusted financial counseling partner offering OneAZ members access to GreenPath's financial wellness services including debt management, housing counseling, and financial education. Referenced on OneAZ's Member Hardship Options page as a recommended resource for members facing financial difficulty.
• Money PeachminorStrategic or Co-development PartnerFinancial education content partnership providing free financial education content to OneAZ members across Arizona. Money Peach founder Chris 'Peach' Petrie provides budgeting and money management content through OneAZ's financial resources library. Partnership delivers free financial education as part of OneAZ's community engagement mission.
• Western Arizona Bancorp Inc.coreOthersParent company of 1st Bank Yuma being acquired by OneAZ Credit Union. The all-cash acquisition adds $600 million in assets and five branches in southern Arizona, expanding OneAZ's assets to over $4 billion. Transaction unanimously approved by both boards, pending regulatory approval expected mid-2025, with full integration by 2026.
• CULiancecoreTechnology or IntegrationATM network alliance providing OneAZ members access to over 41,000 fee-free ATMs across the United States. CULiance network membership is a key differentiator enabling OneAZ to compete with national banks on ATM convenience and accessibility.
• VisacoreTechnology or IntegrationVisa is the payment network for all OneAZ credit and debit cards. OneAZ offers multiple Visa credit card products including Choice Rewards, Platinum, Signature, NAU Alumni, and State Forty Eight co-branded cards. Foreign transaction fee of 1% assessed through Visa's conversion process.
• Early Warning Services / ZellecoreTechnology or IntegrationZelle person-to-person payment service integrated into OneAZ's online and mobile banking platforms. Zelle allows members to send or receive money using a phone number or email address, with transactions typically occurring in minutes between enrolled consumers.
• Local First ArizonaminorGTM or Marketing PartnerLocal First Arizona membership and partnership supporting local Arizona businesses. Featured as a business partner on OneAZ's business banking page, reflecting OneAZ's commitment to the local Arizona business community and SMB support.

Scale indicators11 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Desert Financial Credit Union: Arizona's largest credit union, headquartered in Phoenix. Directly competes with OneAZ for retail and business members across the Phoenix metro, offering a very similar product set (checking, savings, mortgages, auto loans, business banking). Most direct comparable given overlapping Arizona footprint and credit union charter.
• Arizona Federal Credit Union: Arizona-based credit union serving Phoenix and statewide with consumer and business banking products. Comparable to OneAZ in product mix and geographic focus, representing direct head-to-head competition for member households and small businesses.
• TruWest Credit Union: Credit union with strong presence in the Phoenix metro and Texas. Offers similar deposit, lending, and digital banking products, competing for the same member profile of Arizona residents seeking cooperative banking alternatives.
• BECU (Boeing Employees Credit Union): One of the largest U.S. credit unions with comparable product breadth (deposits, mortgages, auto, business banking) and a member-owned cooperative structure. Useful benchmark for operating model and digital capabilities at scale similar to OneAZ's growth trajectory.
• Alliant Credit Union: Large digital-first credit union with national membership. Comparable to OneAZ on cooperative charter and core deposit/lending products, but differentiated by online-only model and significantly larger asset base.
• SchoolsFirst Federal Credit Union: Large California-based credit union serving a defined membership group. Comparable to OneAZ in product breadth, member-owned model, and scale, providing a useful benchmark for community credit union performance.

Broad incumbents

• Bell Bank (formerly National Bank of Arizona / Zions): Large multi-state commercial bank with a meaningful Arizona presence. Competes with OneAZ on commercial lending, treasury management, and small business banking, though its broader regional and national footprint differentiates it as a broader incumbent rather than community-focused lender.
• Western Alliance Bank: Arizona-headquartered bank holding company (parent of Alliance Bank of Arizona) serving commercial and business clients across the Southwest. Comparable on commercial banking capabilities and Arizona regional presence, though it is a much larger, publicly traded for-profit institution.
• Ally Bank: Large direct bank with national footprint offering high-yield savings, CDs, mortgages, and auto loans. Competes with OneAZ on deposit rates and digital experience, but operates without physical branches and serves a much broader national customer base.

Regional players

• FirstBank (Colorado/Arizona): Colorado-based community bank with a strong Arizona branch footprint. Competes with OneAZ for retail deposits, mortgages, and small business banking across Arizona, though structured as a for-profit bank rather than credit union.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@OneAZCreditUnion
• Facebookfacebook.com/oneazcreditunion
• LinkedInlinkedin.com/company/oneazcu
• Instagraminstagram.com/oneazcu
• Xx.com/OneAZCU

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OneAZ Credit Union