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.
Rethinking Lending to Expand Opportunity for Indigenous Entrepreneurs
For Indigenous entrepreneurs like PGA Professional Cesar Balgañon II, access to capital can open doors to business growth, new industries and opportunities for the next generation. See how Local First Arizona’s Rooted Relative Fund is helping expand economic opportunity through relationship-based lending.
Expanding Access to Capital: Fueling the Growth of Arizona’s Small Businesses
At Local First, we’ve always believed that the success of locally owned businesses creates a strong and thriving Arizona economy. But one of the biggest challenges for local entrepreneurs has long been access to capital — especially in Arizona, where community banking resources are limited. That’s why we’ve made it our mission to break down financial barriers and build new pathways for funding that empower business owners to grow, hire and create a lasting impact on Arizona’s communities.