Complaint / Review
Arizona Central Credit Union
Rips Off Account Holders ripoff by debiting accounts $5.00 a month fees without notice! Phoenix

I have had a Shareholder Account at the Arizona Central Credit Union for years, as it is required condition to obtain auto loans from them. I have a outstanding auto loan with them for years and pay them every month. They send out Quarterly Statements of Activity to the Account Holders showing the amount on deposit and the interest accruals. I was very angry when I saw my savings account had been debited twice each time in the amount of $5.00.inside the envelope was a separate notice about Dormant Account Fees, which explained the debit entries on my statement! If Arizona Central Credit Union was an ethical company, they should have notified me prior to accessing my savings, and debiting my account. I would have then had the opportunity to deposit or withdraw money, and avoid these $10 fees. I believe this is just a ripoff that they are getting away with.