Big things are always happening at Arizona Federal

News & Notes

Scholarship winners announced!

Congratulations to this year’s winners of the Bob Bresnahan Scholarship Award: Yvette Herrera, Pueblo Magnet High School; Tamra Kasprzyk, Gilbert High School; Richard Madison Haynie, Westwood High School; Amanda N. Smith, McClintock High School; Gabrielle Winston-McPherson, Mesquite High School.

Since 1992, Arizona Federal has awarded the Bob Bresnahan Memorial Scholarship to deserving high school seniors who are Arizona Federal members. Each winner will receive $1,000 to be used for education expenses at an Arizona college or university. This scholarship was established to honor long-time Arizona Federal board member and City of Mesa employee Bob Bresnahan, who passed away in 1991.

Watch for a future announcement on the website to find out how to apply for the 2007 Bob Bresnahan Memorial Scholarship.

Improvements to your Visa^® card means more convenience for you!

This August you’ll notice some improvements to the way your Arizona Federal Visa credit and debit cards work.

Your credit card payments and transactions will be processed instantaneously, rather than the next day as they currently are. This real-time processing gives you up-to-date information on your available balance.

You can also enjoy the convenience of changing your PIN at an ATM (if you know your current one), avoiding a trip into a branch to do the same thing.

We’ll also keep you informed of other useful improvements made to your Arizona Federal Visa cards in the future.

Visa International has updated their famous blue, white and gold logo to a simpler image:

Over the next few years, our members will see more and more of the new logo as Visa check cards are issued. Whether your card sports the old logo or the new one, you can expect the same high standards and service.

Holiday Schedule

All Arizona Federal branches will be closed on the following dates:

Independence Day - Tuesday, July 4, 2006
Labor Day - Monday, September 4, 2006
Columbus Day - Monday, October 9, 2006

To view a complete list of all our holiday closings for the remainder of this year, click here.

Changes to our Membership Agreement

Periodically, the credit union updates the Accounts & Services Membership Agreement to ensure the content is aligned with forthcoming changes in service offerings and changes to the rules and regulations that govern us. We have made changes to the Membership Agreement and this Change in Terms Notice is a recap of those changes.

What this means to you: Some of the changes clarify existing text. For example, text may be bolded to place emphasis on disclosures to help you make the right decisions about managing your account. Other changes include added text based on regulatory requirements.

Effective date: The revised Accounts & Services of Arizona Federal Membership Agreement will be effective July 24, 2006.

To view the revised agreement, click here.

Election Results

The results of the 2006 Board of Directors election were announced at the Annual Meeting held on April 26, 2006. Elected to three-year terms were Tim Black, Tom Burgess and Monroe Warren.

As a not-for-profit financial cooperative, Arizona Federal is managed by a volunteer Board of Directors who work to ensure that the interests of the members are being served and protected.

Officers for the coming year are: Cathleen Gleason, Chair; Kelvin Smith, Vice Chair; Monroe Warren, Treasurer; and J.R. Pooler, Secretary.