Join these Flagstaff Businesses in Making the Switch to a Community Bank
April is known as National Community Banking Month, an annual recognition and celebration of our community banking institutions and the impact they have in our local communities and economies.
Currently only 7% of Arizona's total deposits are in Arizona-owned banks and credit unions. That means our money isn't working for us.
When your money is deposited in locally owned and operated community banks and credit unions, it's quickly recycled back into our local economy. Local banks and credit unions stand with us through ups and downs, support our local entrepreneurs, and are dedicated to our communities.
But don't take it from us. These champion Flagstaff businesses have all moved their money out of national banks and into Arizona-based financial institutions. Here's why:
National Community Banking Month
April is known as Community Banking Month, an annual, month-long celebration of community banks across the nation. Local First Arizona is celebrating by sharing stories like Rob and Linda’s as well as helping Arizonans to move their money to community banks and local credit unions. Arizonans can visit https://localfirstaz.com/banking/ to find local banks and credit unions near them and learn more about the services they offer and their involvement in the local community.
Celebrate with the Community
Flagstaff community members and local business representatives are invited to attend the Flagstaff Community Banking Month Happy Hour event on Tuesday, April 17, from 5:00 p.m. - 7:00 p.m. at the State Bar. The event will include networking opportunities with fellow independent businesses, community banks and credit unions, and local leaders.
In six counties in northeastern Arizona, large non-community banks account for 100% of deposits, and in the remaining counties they account for 75% or more of deposits.
“Our overall goal with Community Banking Month is to inspire Arizonans to move their money and have it work for our communities,” said Elinski. “By moving our investments and savings to local banks or credit unions, we give these institutions more resources to in turn lend to local businesses, helping to realize dreams of business ownership and self-reliance as well as create jobs right here in our communities.”
About Local First Arizona
Founded in 2003, Local First Arizona (LFA) is a community and economic development organization working to strengthen local economies. LFA educates consumers about the interconnectedness of the economy, trains small businesses to be more effective and more competitive, helps larger Arizona businesses and institutions tell their story as champions of Arizona, and creates programs and events that make it fun and easy to discover local businesses and buy local.