Arizona Central Credit Union CEO Brian Lee on the importance of local relationships in an increasingly digital world.
Hear from Jennifer Kimmel, senior vice president and chief experience officer at TruWest, about TruWest Credit Union's approach to homeownership, financial education and collaboration in the Arizona Credit Union Podcast.
OneAZ Credit Union leaders Mike Bowden and Chip Griffith explain why locally rooted financial institutions matter for Arizona businesses and communities.
When we talk about choosing local, we usually think about where we shop, eat or hire a service. But some of our most consequential economic choices happen long before we make a purchase.
Where you keep your money may feel like a personal financial decision. But collectively, those decisions can shape which businesses get access to capital, which communities retain financial services and how much money continues circulating within Arizona.
What happens when a credit union has been rooted in the same community since 1937 — and still considers itself just getting started?
In the latest episode of the Arizona’s Credit Unions Podcast, Local First Arizona's Thomas Barr sits down with Tucson Federal Credit Union President and CEO Matthew Gaspari and Vice President of Business Services Shaima Namazifard to talk about what local banking looks like in practice — from expanding access to business capital to keeping financial decisions rooted in the communities they affect.
For Spinato's, employee ownership - or ESOPs - offered a way to accomplish several goals at once: preserve the company's legacy, keep the business locally rooted, reward longtime employees and create another reason for talented people to build careers with the company.
Shifting economic priorities means changing the policies, market conditions and systems that determine who has access to opportunity, resources and economic power. For Local First Arizona, that means helping locally owned businesses build collective leverage, removing structural barriers and creating more ways for Arizona communities to benefit from the wealth generated here.
Since Local First Arizona brought Green Business Boot Camp to the Verde Valley in 2023, participants have developed projects to conserve water throughout their operations. Through a partnership with Friends of the Verde River, more than $150,000 in River Friendly Living grants have helped Boot Camp graduates put water-saving projects into action — with an estimated 17 million gallons in annual water savings.
Credit unions are an important part of a strong local economy because they are built differently. As member-owned nonprofit financial institutions, they exist to serve their members rather than outside shareholders. Earnings can be returned to members through lower loan rates, fewer fees and higher savings yields, while decisions about lending and investment remain closely connected to the communities they serve.
Why Where You Bank Matters More Than You Think
Where your business banks isn’t just a financial decision — it shapes who gets access to capital in your community. Across Arizona, local businesses are often shut out of lending by the same institutions holding their deposits. Community banks and credit unions flip that model, reinvesting locally and building the relationships businesses need to grow. If you’re thinking about your next money move, building a relationship with a local banker now can open doors when it matters most.
Move Your Money: How Your Banking Choices Can Fuel a Stronger Arizona
When you deposit your money in a bank, it doesn't just sit there — it goes to work. The question is, where is it working, and who is benefiting?
Financial empowerment is a key tenet of Local First Arizona’s work. From addressing the predatory lending practices of payday loans to improving access to capital, we are helping individuals, businesses and entire communities take control of their financial futures. One of the easiest ways to create real impact? Moving your money to a local bank or credit union.