Let me start out by saying that this investigation into credit unions may not take as long as I originally thought in part 1.  Just doing Internet searches, I found 10 in Phoenix metro. My criterion to narrow it down from there was simple geography: the proximity to Central Phoenix and the number of their locations. I did this via the most important investigative step: I found them all on the Local First Arizona website.  Reviewing those I narrowed them down from five to settle on three (the links that follow are to their reviews on Local First): Arizona Central Credit Union, Desert Schools Federal Credit Union, and Marisol Federal Credit Union.

I did all of this before I contacted any of the Credit Unions in person.

I then narrowed it down from three, to two, because Marisol Federal Credit Union wouldn’t pick up their phone. That’s a big deal when it comes to a bank. Before I called, I looked at their website and saw that in order to avoid fees on their accounts, the minimum balance was pretty high. I wouldn’t really save anything compared to my existing account at JPWellsComeriBank in that area. Conclusion: Marisol was out of the running.

I didn’t just pick up the phone, though, and start calling the three before I narrowed it down to two. I started with an Excel spreadsheet, naturally, where I prepared to rate each credit union according to the following categories:

• Number of ATM locations?
• Online system usability?”The online stuff is important because I don’t want to be forced to go into the bank. Who does? Small business owners want to be able to just get it done on their computers.” ~ Me
• What did their bill pay system look like (and did it cost anything)?
• Their security system (if credit card is stolen? How secure is their internal information?)
• Customer service?
• Fee structure (personal and business checking, personal and health savings?)
• Reinvest locally?
• Member of Local First Arizona?

That left two Credit Union’s worth more serious consideration: An actual physical trip to the branch.

I started with Desert Schools Federal Credit Union, before I went to Arizona Central Credit Union. In part 3 of my investigation, I’ll share those two experiences, what I decided and why. (I may even include another humorous link as a bonus. What? You didn’t see it? I’ll give you one guess which link it is…)

To see the next installment, please click here.

Its that time of year again! The Local First Fall Festival is on!

(Added extra: this year it actually feels like fall!)

Did you know that Arizona is home to more than one hundred local and organic food providers, over one hundred advertising and marketing agencies, more than two hundred art suppliers and venues, and other great local businesses?

I would not blame you if you didn’t know that. It’s not like you hear about it on our local news. (But that’s a different post.)

Local First Arizona is an organization that supports local businesses around the state. The local first philosophy is driven by the benefits the local business have on the economy and community culture. This weekend LFA will be hosting their seventh annual fall festival. The festival boasts a ton of food from independent eateries and 66 local vendors.

Last year over 6,000 participants joined local businesses for family friendly fair. Musicians and bands and bands from across the state will provide entertainment. There will be local wineries and breweries on site for the adults as well as activities, like rock climbing, for the kids.

But why support local businesses? The simplest answer is it’s socially responsible. As our economy comes back, we need to support our local communities first. By patronizing our local businesses, we are directly supporting our own communities by keeping tax dollars in the state.

Join your fellow locavores this Saturday at The Duck and Decanter, 1651 E Camelback, from 10-4 pm. You can read more about Local First Arizona on their website