American Southwest Credit Union - Home Mortgage

Why credit unions?
An idea originated in Europe around 1844 which allowed people to pool their money an 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.

3090 E. Fry Boulevard
Sierra Vista, AZ 85635
Phone: (520) 459-1860
Toll Free: 1-800-752-6394
General Email Address:
talktous@americansouthwestcu.org