Arizona Financial Credit Union
Nonprofit profile at a glance
- EIN
- 860101004
- IRS 990 coverage
- 2022–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- Phoenix, AZ, US
- Phone
- 602-683-1000
- Rating confidence
- Limited
- Sector
- Credit Unions
Reported finances
- Revenue
- $225,880,309
- Expenses
- $197,180,064
- Assets
- $3,421,476,840
- Liabilities
- $3,082,457,364
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
23 people listed
Executive titles in this filing
- Amy Hysell (President/CEO (AZFCU))
- Michael Thorell (Arizona Market President & Chief Lending Officer (AZFCU))
Highest reported compensation
- Amy Hysell (President/CEO (AZFCU)): $843,315 total reported compensation
- Kelly Harding (COMMERCIAL PRODUCER (AFIS)): $676,600 total reported compensation
- Gregory Okonowski (COMMERCIAL PRODUCER (AFIS)): $606,921 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The purpose of Arizona Financial Credit Union (AZFCU) is to promote thrift and to provide credit to its members.
What it reported doing in 2024
Azfcu is a state chartered cooperative association organized for the purpose of promoting thrift among and creating a source of credit for its members. The credit union provides mortgage, vehicle and other consumer and commercial loans to its members. The credit union also offers a variety of accounts for members to transact and save, including share draft accounts and share certificates. As a member-owned organization, the credit union strives to provide competitive interest and dividend rates to its members and convenient ways for members to access their accounts, including online and mobile banking and shared branching services.
Operating model
- Revenue model
- Other-operating. 81% of the money available for current operations came from other operating revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 73
- Accountability: 100
- Sustainability: 69
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 80%; rating input score 80; 0th percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 83.5%; rating input score 84; 18th percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 12.7%; rating input score 78; 78th percentile among comparable filings
- Total-asset coverage ratio: 17.35; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.9; rating input score 12; 12th percentile among comparable filings
- Officer compensation ratio: 3.7%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 42.9% per year; rating input score 100; 98th percentile among comparable filings
- Asset growth: 3.8% per year; rating input score 100; 26th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments
- Leadership: top reported pay $843K · 23 people listed · 3 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $3.3M reported
- Consistency: 10 of 12 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes grants and executive pay
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 35 filed money-flow records
- Related organizations: 20 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 12/100.
- High — Sustainability: Officer compensation ratio scored 29/100.