Working together to create value

On behalf of the Board of Directors, I am pleased to present Arizona Federal’s 2007 Annual Report. In 2007, as always, the Board remained committed to creating value for our members and the continued safety and soundness of our credit union.

Arizona Federal returned nearly $4 million in capital to members in 2007. Through your membership and participation in our not-for-profit financial institution, you have added meaningful value to your financial cooperative. I am pleased to have the opportunity to thank you and to emphasize that at Arizona Federal, it’s all about you.

In addition to the nearly $4 million distributed to members, 2007 was a successful year. Staff at Arizona Federal worked hard to provide additional value for you through added convenience, products and services. Some of our efforts included:

• Adding three new branches to our growing Arizona Federal family.
• Expanding our product and service offerings including Member Business Services, the SURE account, and IDSafeChoice identity restoration service.
• Volunteering 720 hours serving our community and touching the lives of many.

In 2008, we will continue our commitment to creating value for you. On behalf of the Board of Directors, I sincerely thank you for your continued contributions to Arizona Federal. We are committed to serving your financial needs because for us, it’s all about you.

Cathleen Gleason
Board Chair