Successful year at OneAZ

Phoenix AZ

17 May, 2021

9:27 PM

Description

Press release from OneAZ Credit Union: May 17, 2021 PHOENIX (May 14, 2021) -- OneAZ Credit Union announced record annual growth at its 2021Annual Meeting. The meeting was held on Tuesday, April 13. 2020 annual results andsuccesses were shared with members and associates. OneAZ also provided $5,000 to two localArizona 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 $2.6billion, an increase of 20% on the previous year, 145,000 members with member loangrowth reaching $1.3 billion.  Community Impact Grants In 2020, through our emergency Community Impact Grantprogram, we were able to provide financial assistance in the amount of $200,000 to 100local, Arizona nonprofits who found themselves in a financial hardship due to unforeseencircumstances including lost funding, forced closure and lack of volunteers caused bythe COVID-19 pandemic.  Protecting Frontline Workers In early 2020, OneAZ donated 40,000 N95 masks toBanner Desert Medical Center, a local hospital whose ICU has treated many COVID-19patients throughout the pandemic.  Investing in Arizona's Economy OneAZ continued to invest in our economy during theeconomic recession by loaning business over $82 million last year and facilitated over$10 million in Paycheck Protection Program loans for more than 400 Arizona businessowners. Diversity, Equity and Inclusion After the events of 2020, we knew it was time toensure that this commitment was reflected by integrating diversity, equity and inclusioninto our value system. OneAZ appointed two Chief Diversity Officers and updated thevision, mission, and values, which guide its associates, executives and board ofdirectors.  Local Financing OneAZ helped nearly 2,000 Arizonans finance their homes andprovided 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 in2020. OneAZ operates with our members' best interests at heart. It's what we've done for 70years, and what we continued to do in 2020. We immediately pivoted to provide options to helpour members get through this tough time, including the option to defer their loan payments." This press release was produced by OneAZ Credit Union. The views expressed here are the author's own.