Banner Federal Credit Union

Rated star_ratedstar_ratedstar_rated_halfstar_normalstar_normal by CUHub
Review based on 12 criteria Rating: 2.5 out of 5

2702 N 3rd St Ste 4010, Phoenix, AZ 85004

Website

(602) 254-5291

Data Source: NCUA, December 31, 2016


Banner Federal Credit Union was founded in 1957. Headquartered in Phoenix, Arizona, Banner Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Banner Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB) , which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Banner Federal Credit Union services 8,952 members through its 6 offices and branches and 16 full-time and 1 part-time employees. It has $57,738,444 of total assets and $6,263,013 of net worth. Based on its asset size and net worth ratio, Banner Federal Credit Union is classified as a Well Capitalized medium credit union.

Banner Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Banner Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Banner Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Arizona and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Arizona
Median of USA
Checking
0.0100
0.0100
0.0000
Savings
0.0300
0.0500
0.1200
Money Market
0.0500
0.1000
0.2500
Certificate Deplit
0.0500
0.4000
0.5800
IRA
0.0500
0.3000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Arizona
National Median Rates
Credit Cards
n/a
9.4000
9.9900
Unsecured Line of Credits
10.5000
11.7500
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
n/a
5.0000
6.0200
New Car Loans
3.2500
4.2400
3.3300
Used Car Loans
4.5000
4.6500
4.5000
1st Mortgage Real Estates
n/a
4.3150
4.2500
Other Real Estates
5.2500
5.4350
4.7000

Banner Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Banner Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
No
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
No
No
View Account History
Yes
No

.

Community and other Service Offerings

Financial Counselling
No
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
No
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
No
Student Scholarships
No
Insurance/Investment Sales
No
First Time Homebuyer Program
No
Banner Desert Office
2225 W Southern Ave
Mesa, AZ 85202
Phone:602-254-5291

Banner Estrella Office
9201 W Thomas Rd
Phoenix, AZ 85037
Phone:602-254-5291

Banner Mesa Corporate Office
525 W Brown Rd
Mesa, AZ 85201
Phone:602-254-5291

Banner Thunderbird Office
5757 W Thunderbird Rd Ste W107
Glendale, AZ 85306
Phone:602-254-5291

Banner Thunderbird Office
5757 W Thunderbird Rd Ste W107
Glendale, AZ 85306
Phone:602-254-5291

Banner West Tower Office
1111 E Mcdowell Rd
Phoenix, AZ 85006
Phone:602-254-5291

Main Office
2702 N 3rd St Ste 4010
Phoenix, AZ 85004
Phone:602-254-5291

(602) 256-0089

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  1. Cuhub Staff
    Cuhub Staff

    Last Updated on May 30, 2017

    May 30, 2017 at 10:24 pm

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