American Southwest Credit Union

The Co-Op You Can Bank On

We are a Co-Op and we help you thrive!

By providing personal and business financial services to our members, with local decision making and local community investments, everyone benefits.  We truly care about the success and financial well-being of our members. And when our members prosper, so do our communities.

Who We Are Not

We are not a bank.  Banks are owned by shareholders and exist to make profits for those select shareholders.

Who We Are

We are owned by you, our members. Our profits are reinvested in you in savings dividends, loan rates, and better service!

We are financially strong and federally insured by NCUA.

We are locally owned and governed by our members.

We volunteer, we donate, we help and support our local communities.

We provide an alternative to traditional banks with competitively priced services to optimize long-range success for our members.

We engage in research and development to offer cutting-edge technology.

We are a well-trained, professional team, dedicated to serve you with competence, care, and courtesy.

Apply Now for Membership with American Southwest Credit Union,  The Co-Op You Can Bank On

Our Core Values

Integrity, Trust, Community, Care, Cooperation, Dedication, Education, Knowledge, Excellence

Did you know that American Southwest Credit Union is a member of Shared Branching? This program enables you to use other credit union branches throughout the United States for services. It’s like having over 5,500 credit union branches for your basic transactions.  That’s more branches than even the largest banks out there!  Plus, ASCU is a part of the AllPoint ATM Network. It gives you fee free access to over 16,000 ATMs.  Just look for the AllPoint logo to ensure your fee-free ATM usage.  AllPoint ATMs can be found at Walgreens, CVS, Safeway, Circle K, and many more locations throughout the United States.

Recent News

Donation to Green Valley Rotary Club

December 27, 2023

Yesenia Porras is our branch manager in Green Valley/Sahuarita.  She is also active in the Green Valley Rotary club, attending meetings and volunteering her time to assist with their group's fundraising efforts.  ASCU is proud to donate a few dollars to help 501c3 organizations succeed in their community outreach projects.…read more.

Donation to SV Wolverines

December 26, 2023

ASCU proudly donates to community groups, school groups, and athletic clubs. Kristin Gray presents check to the Sierra Vista more.


May 26, 2023

The Boys and Girls Club are a vital part of our community's success.  Our youth play such an important role for our community and their success means the future success of our community.  ASCU is proud to donate to the Sierra Vista Boys and Girls Clubread more.

Donation to Army Emergency Relief Fund

Thanks Army!  We support you and wish you the very best this summer!  The Army Emergency Relief Fund provides assistance to military families in more.

Real Wishes Foundation and Dancing Like the Stars

July 27, 2022

We love what the Real Wishes foundation does in our community.  Their annual event "Dancing Like the Stars" is a really great fundraiser.  We are donating this basket of bath and beauty products for their silent auction on August 13th. Value $ more.

Donation to Walden Grove HS

July 26, 2022

Thanks Walden Grove HS for coming to our Sahuarita/Green Valley branch to pick up your check! We love helping out when we can. #girlsbasketball, #stronggirls, #creditunionfamily #donate #sahuarita #greenvalleyread more.

Rotary Green Valley

Love being a part of Green Valley Rotary Club.  They are great people and always willing to lend a helping hand.  We know this small donation will be used for their charity or outreach projects.  We are proud to be part of this wonderful group!  read more.

Donation to Southeastern Arizona National Alliance on Mental Illness

June 24, 2022

Mental Illness is often overlooked in our communities. ASCU is donating $250 to the SE Arizona chapter of National Alliance of Mental Illness to help more.

Donation to the Veterans of Foreign Wars

April 8, 2022

Tom Wiederstein picks up a donation from ASCU in support of their Vernon White Golf Tournament.  The Tournament will be held on June 5, 2022 at the Mountain View Golf Course on Ft. more.

Donation for Operation Toothbrush!

Anna picks up a check for Operation Toothbrush, a 501c3 Charity right here in Sierra Vista.  Operation Toothbrush provides toothbrushes and personal hygiene kits for homeless veterans. You can find out more about them at:  HOME | Toothbrush (  read more.

ASCU Fosters Kitten Found On Highway

April 1, 2022

This poor kitten was found on the highway near Benson, but she's getting better and better every day!  Thanks to Benson Animal Hospital for staying late on a Friday to see more.

Donation to Animal League of Sahuarita

February 10, 2022

Yesenia, our branch manager in Green Valley/Sahuarita, is always reaching out.  Whether it be helping out with projects for the Rotary of Green Valley, meeting with local volunteers and charity groups, or helping our members with their financial goals, she is always willing to lend a helping hand.  read more.


How Did Credit Unions Develop?

An idea originated in Europe around 1844 which allowed people to pool their money and make loans to one another. The idea included three guiding principles: (1) Only credit union members could borrow money, (2) loans were made for prudent and productive purposes, and (3) repayment of loans was based on a person’s character. These principles still govern most credit unions world-wide.

This concept came to North America around 1900 for similar reasons – people were poor and with consumer interest rates sky-high, they needed an affordable way to borrow money. Credit unions were the answer. A credit union is a cooperative which is a very unique type of business. Like all cooperatives, credit unions have certain core characteristics:

  • We’re owned by our members.
  • We operate democratically.
  • We’re not-for-profit, we don’t make money for anyone but our members.
  • We support social and community programs to improve the quality of life for everyone.

Therefore, a credit union is a not-for-profit, financial cooperative. Its member-patrons are its owners. In other words, there are no stockholders-only member-owners who equally share in the profits, (dividends on share deposits) of the credit union. Cooperative ownership allows the membership to be governed from within. A board of directors is elected from the general membership. Every member has one vote-regardless of the amount of money they have on deposit. The board of directors serve one, two or three year terms without compensation. Any member of the credit union in good standing may run for a board seat. The board sets policy and direction for the credit union. In other words, its members democratically control the credit union. The next time you see your credit union open a new branch or add a new product or service, you will know that your board is at work improving services for you, the member-owner. The main goal of a cooperative is to make service and benefits to members its highest priority. We place a strong emphasis on people. Our philosophy is that people come first and this is reflected in the credit union motto, “People Helping People.” Additionally, credit unions strongly value member involvement. We feel that it is important for you to have a voice in the way your credit union is managed – that’s why every shareholder, regardless of their deposit balance, has the opportunity to vote for their Credit Union’s Board of Directors.

The History of American Southwest Credit Union

American Southwest Credit Union (ASCU) has a rich heritage of serving its member owners since 1954. Nationally, many credit unions were chartered in the 50’s. There is evidence that ASCU (then, Huachuca Federal Credit Union) actually began organizing sometime in the spring of 1954. In fact, the minutes of the first annual meeting on February 3, 1955 attest to the fact that there were 8 months of reportable activity during 1954. They reported that there were 45 members present and that they had a “net gain of 198 members and a monetary gain of $293.01.” Regardless, those early charter members pressed on and received their federal charter from the Federal Bureau of Credit Unions on March 25, 1955. In those infant days of the Credit Union, unsecured loans were capped at $100 and secured loans at $300. You can’t complain about the dividends, however, they were paying a robust 3.00% on regular share accounts.

The Credit Union was organized and eventually chartered on Fort Huachuca. The nearby town of Fry (now the City of Sierra Vista) had limited facilities, so for many years the Credit Union operated on Fort Huachuca and held various meetings there. The original charter stated that all federal, state and local government employees and their immediate family members were eligible for membership. Ironically, the Credit Union was chartered the year before Sierra Vista was chartered making the Credit Union older than the city.

The location of the Credit Union changed from time to time as directed by military leadership. At one point, it was located in the old morgue. How’s that for public relations! Eventually, the Credit Union office was moved to Building 41331 and it stayed there until 1985. Building 41331 is where the current Fort Huachuca Branch is located.

In 1982, the Credit Union had outgrown Building 41331 and knew that it would soon be necessary to expand, so management began looking for a new location. The May 20, 1982 board minutes reflect that the board was interested in “having a branch off-post.” Five months later, they purchased a plot of land where the current Main Office now stands. At that time, the Credit Union had $18,594,191 in total assets and a growing membership base. Finally, after several years of planning and reserving funds for the building, they completed their first credit union-owned building. In April of 1985, the Credit Union board of directors celebrated with a grand opening, ribbon-cutting ceremony and afterwards, a picnic in the park (Veterans’ Memorial Park) across the street. The total assets of the Credit Union were $23,535,528. The office in Building 41331 was transitioned into a branch and became the Traffic Circle Branch due to its close proximity to the only traffic circle on Fort Huachuca.

Our Credit Union continued to grow and did so under the same charter and field of membership up until 1990 when another change occurred. The Border Credit Union in Douglas, Arizona was merged into our Credit Union. This not only increases our total assets to $24,724,654, but it added another branch to serve our growing membership base.

Ten years later in 2000, another branch opened in Bisbee, Arizona, which provided a location in the county seat of Cochise County. It is also between Sierra Vista and Douglas – adding more convenience for our members. The same year, we applied for and were granted a community charter to allow all those who live in, work in, worship in and attend school in Cochise County to become member-owners of our Credit Union. Our assets doubled from 1990 to 2000 at $47,253,950 and our membership grew to 12,580.

With our new community charter, two new branches were designed and built in Benson and Douglas, Arizona and are opened within a week of each other in June of 2001. Total assets were at $57,706,824 and our membership was at 13,824. Two years later, the Main Office in Sierra Vista gets a face-lift and added much needed space picking up 5 new offices, a storage room as well as outer office space for additional desks. Total assets reached $84,378,227 and membership swelled to 16,101.

In 2006, the Credit Union stretched west to Nogales, Arizona and opened a branch there. At the same time, occupancy assistance was offered to the local Nogales credit union (Santa Cruz County School Personnel Credit Union) to give them more visibility. Tentative plans were made to eventually merge our two credit unions together. In April of 2007, our Credit Union received permission to convert from a federal to a state charter, change its name from Huachuca Federal Credit Union to American Southwest Credit Union, expand its field of membership to include Santa Cruz County and southeastern Pima County and merge with Santa Cruz County School Personnel Credit Union. Total assets reached a new benchmark exceeding $100 million in assets ($101,359,452) with membership now totaling 17,233.

One year later, a branch was opened in Sahuarita, Arizona in a leased location, but later in June of 2011, was relocated to a branch building purchased from Wells Fargo Bank. The Sahuarita Branch became the 7th branch location for American Southwest Credit Union. From 2008 to 2011, the Credit Union grew from $110,814,154 to $153,329,049 with a membership count of 19,968.

The significant growth drew attention back to the Main Office in Sierra Vista, where in 2012, the building had now been in existence 27 years and was in need of its own expansion. On January 18, 2012, the board approved a 14,000 square foot addition to the Main Office. Ground breaking began in February 2012 and the South Wing of the Main Office was completed by the end of that same year.

Total assets now exceed $312 million with over 28,000 members.  Membership is now state approved to serve seven different Arizona counties: Cochise County, Gila County, Graham County, Greenlee County, Pima County, Pinal County, and Santa Cruz County.  Members are served through five branch locations – including shared branching, home banking and by a friendly, efficient team of professionals.  The story goes on….