PHOENIX — Embarking on what it said is an "exclusive" and historic agreement, the $1.8 billion Arizona Federal Credit Union teamed up with the city's YMCA organization last week to open the charity's first on-premise branch combined with an anti-payday education venture.
"Arizona Federal is proud to partner with the YMCA to help deliver critical financial skills to the community in a partnership forged in response to a great social need," said Ronald Westad, president/CEO of Arizona FCU.
The CU's YMCA branch, officials said, will open in early March in Maryvale, a low-income, Hispanic neighborhood and is designed to provide an alternative to payday shops, proliferating in the area of west Phoenix.
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