Arizona’s economy has taken a hit during the COVID-19 pandemic. Restaurants, retailers and more shut their doors or dramatically altered operations. Workers were let go or furloughed, bringing Arizona’s unemployment rate up to 12.9% in April (compared to just 4.4% in February) according to the University of Arizona’s Economic and Business Research Center. With such massive changes, a recession may be coming our way. Here’s how to prepare. Build up emergency savings. If your emergency … [Read more...] about How to Prepare for a Possible Recession
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Four Ways to Support Local Businesses Affected by COVID-19
Right now, locally owned businesses are facing unique challenges unlike any they’ve encountered before. Even as Arizona gets back to business, many owners are finding that they need to quickly adapt to stay afloat in light of the COVID-19 pandemic. To keep Arizona’s economy strong, it’s more important than ever to support Arizona-run businesses. After all, locally owned businesses recirculate more than 50% of their revenue within the local community. Here are four simple ways to keep … [Read more...] about Four Ways to Support Local Businesses Affected by COVID-19
Rural Business Banking: More Options Than Ever
When you keep money local throughout the spending cycle, it works with you to strengthen the dollar and enhance the local economy. Rural businesses have traditionally been limited to large national banks for their comprehensive business services. All that has changed in recent years, however, with credit unions evolving their business services and offering better rates to empower rural businesses. Here are a few things to consider when choosing the right financial institution for your … [Read more...] about Rural Business Banking: More Options Than Ever
Five Ways to Keep Your Money Local
In the age of two-day shipping and convenient megastores, it’s easy to think that opting for a national brand is the best use of your money. However, supporting Arizona businesses and organizations means your money stays local, through taxes, investments and more. That means that your hard-earned money, once spent, continues to work for you and improve the economy. Local First Arizona Executive Director Thomas Barr believes that every Arizonan can support the economy by spending money at … [Read more...] about Five Ways to Keep Your Money Local
OneAZ Helping Non-Profits
OneAZ Credit Union and OneAZ Community Foundation have pledged to award $60,000 in Community Impact Grants as part of their commitment to improving Arizona communities. OneAZ Credit Union and OneAZ Community Foundation are committed to supporting the local economy through several initiatives, including the flagship Community Impact Grants program. Since launching the program in 2016, OneAZ has given more than $160,000 to non-profits statewide that make a difference in the communities they … [Read more...] about OneAZ Helping Non-Profits
OneAZ Partners with Local First Arizona and State Forty Eight to Support Local Businesses
OneAZ Credit Union is continuing its longstanding tradition of contributing to Arizona’s economy through new partnerships with Local First Arizona and State Forty Eight, each designed to bring more awareness to the power of keeping money local. “The more dollars staying in the state, the more prosperous our economy becomes. With member-owned credit unions like OneAZ offering both personal and business banking options, it’s possible to keep money local throughout its lifecycle,” said President … [Read more...] about OneAZ Partners with Local First Arizona and State Forty Eight to Support Local Businesses
Snagging the Best Price for Your New Car
There’s nothing like that new car smell, but the car-buying process can be daunting when you consider the steps it takes to drive off the lot. Discover everything you need to know to get the best price for your next big purchase, and you’ll be doing a victory lap around the dealership in no time! Research. Do the bulk of your research at home before even setting foot onto a car lot. Browse nearby dealerships’ websites to see who has the best price and start there. If you’re set on a specific … [Read more...] about Snagging the Best Price for Your New Car