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News & Updates

March 17, 2023

A Message from the CEO

At AEA, our members remain our highest priority and we value your confidence in us. Given recent financial sector news, we want to take a moment to provide you with the peace of mind by emphasizing the strength and stability of your credit union, and to assure you that your funds are safe, secure, and readily available.

AEA has been in business for 80-years and we are exceptionally proud of our history and growth, adaptability, and prudent decision-making. AEA is financially healthy, with $365 million in assets, strong reserves, and abundant liquidity. In fact, AEA is well capitalized at levels above guidelines set by federal regulators. Rest assured; your funds are insured up to $250,000 per individual depositor by National Credit Union Insurance Funds (NCUSIF).

At AEA, we conservatively invest in our members. Recent news reports regarding troubles at two U.S. banks indicate their challenges stem from their dependence on startups, tech companies, and cryptocurrencies. AEA is not involved with cryptocurrencies and does not have a concentration of deposits or loans in any one industry or sector. AEA’s members are local individuals, families, and businesses that we have steadily served for over 80-years.

AEA is proud of our financial strength and stability, and service to the community. We look forward to continuing that commitment for many more decades to come.

Adele Sandberg

President and CEO

March 16, 2022

NEW Branch Coming Soon to San Luis

We have a lot to be thankful for this year as an organization and as a team. The AEA Team is working hard for you and building a bright future for the Credit Union.

The AEA Team and Board of Directors are excited to announce the groundbreaking of a new full-service branch in San Luis, Arizona. The 3,995 square-foot facility, set to open in early 2023, is in the South Valley Center (1565 N Main Street) which includes the Walmart Supercenter and Denny’s.

The new branch is designed with an open, welcoming environment featuring a full-service teller line and drive up, individual offices and services spots, three ATMs, and a community room which will be available to local non-profits as a meeting space.

This Branch will be our fourth retail location in Yuma County. Expanding into San Luis with a brick-and-mortar location has been on our radar for years. Having a physical presence allows us to offer convenient access to financial services to you, our valued members, and the community. We have partnered with Chandler-based design and build firm DBSI, who focus on financial services spaces.

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We do business in accordance with the Federal Fair Housing Law and the Equal Housing Opportunity Act. NMLS 746414 .