The $3.6 billion Arizona Financial Credit Union said Tuesday that it has launched the Arizona Financial Foundation, a new 501(c)(3) nonprofit organization dedicated to strengthening local communities through financial empowerment, charitable giving and long-term community investment.
The Phoenix-based credit union said the Foundation builds upon the success of its Local Causes Visa debit card program, which has awarded over $600,000 in grants to hyper-local nonprofits since its inception in 2020. According to Arizona Financial, the Foundation will serve as an expanded platform to deepen its community outreach and philanthropic efforts.
“The impact we’ve made through our Local Causes and other debit card programs is just the beginning,” Arizona Financial President/CEO Amy Hysell said. “The launch of Arizona Financial Foundation represents our long-term commitment to supporting the communities we serve in an even bigger way. The Foundation will allow us to provide greater financial assistance, expand partnerships and drive meaningful change for local nonprofits and community programs across the state.”
According to the announcement, the Foundation will focus on four key pillars – financial literacy and education, support for first responders, domestic violence awareness and assistance, and community engagement – and will not only actively seek donations from vendors, members and employees to strengthening its grantmaking capacity, but will foster hands-on community support through volunteerism, networking opportunities and financial education.
“Our employees are already deeply engaged in the community, which has sparked significant interest from partners and members wanting to contribute,” Arizona Financial EVP and Chief Strategy Officer Jason Paprocki said. “Previously, we lacked a formal structure to accept donations. The Foundation now provides that essential mechanism, allowing us to partner more effectively and significantly increase our community impact.”
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