2 0 0 9 , ▁Arizona ▁Federal ▁announced ▁a ▁loss ▁of ▁$ 6 4 ▁million ▁for ▁the ▁fourth ▁quarter ▁of ▁ 2 0 0 8 , ▁and ▁a ▁total ▁loss ▁of ▁over ▁$ 1 1 5 ▁million ▁for ▁ 2 0 0 8 , ▁the ▁second ▁largest ▁annual ▁loss ▁ever ▁for ▁a ▁credit ▁union . ▁In ▁December ▁ 2 0 0 9 , ▁Arizona ▁Federal ▁announced ▁plans ▁to ▁close ▁eight ▁branches . ▁ ▁In ▁ 2 0 1 2 , ▁Arizona ▁Federal ▁reported ▁net ▁income ▁of ▁over ▁$ 4 4 ▁million ▁for ▁the ▁year , ▁with ▁a ▁net ▁worth ▁ratio ▁of ▁ 9 . 7 1 %, ▁ear ning ▁the ▁credit ▁union ▁" well ▁capital ized " ▁status ▁with ▁the ▁National ▁Cred it ▁Union ▁Administration . ▁ ▁In ▁June ▁ 2 0 1 7 , ▁Arizona ▁Federal ▁Cred it ▁Union ▁announced ▁a ▁three - year ▁partners hip ▁with ▁Phoenix ▁R ising ▁FC , ▁making ▁it ▁the ▁s occer ▁club ' s ▁exclusive ▁financial ▁partner . ▁ ▁On ▁December ▁ 1 , ▁ 2 0 1 9 , ▁Arizona ▁Federal ▁Cred it ▁Union ▁announced ▁that ▁it ▁had ▁acquired ▁Phoenix - based ▁P inn acle ▁Bank , ▁val ued ▁at ▁$ 2 6 9 ▁million . ▁The ▁ac quisition ▁is ▁expected ▁to ▁be ▁final ized ▁by ▁the ▁ 3 rd ▁or ▁ 4 th ▁quarter ▁of ▁ 2 0 2 0 . ▁ ▁Community ▁services ▁Arizona ▁Federal ▁Cred it ▁Union ▁in ▁Phoenix ▁is ▁active ▁in ▁local ▁phil anth rop ic ▁and ▁financial ▁education ▁activities ▁through