About Us & Eligibility to Join
Banner Federal Credit Union - We are not a bank; we are a credit union, a not-for-profit full-service financial institution owned by our members. Our focus is the members we serve, our sponsor Banner Health Systems, and our community. We are glad you have decided to join. Membership eligibility is primarily limited to Banner Health System and Sonora Quest Laboratory employees and small employee groups associated with or affiliated with Banner Health and other health care providers. Patients of Banner Health do not qualify to join. If you are unsure, verify your eligibility by emailing us at email@example.com.
Please click on the HTML links to review the disclosures prior to continuing with your application. In order to retain, you may print the documents by selecting “Download”. Select your printer and click on OK or select Save to retain a copy on your PC. If you are working on a public computer, you should not engage in online account opening. Federal E-SIGN Act Disclosure and Consent
Due to the Children's Online Privacy Protection Act, you must be at least 13 years of age to apply for an account online. If you are younger than 13 years old, please have your parent/guardian open an account on your behalf at our nearest branch. Thank you.
USA PATRIOT Act and Restricted Use Notice
To help the government fight the funding of terrorism and money laundering activities, federal law requires financial institutions to obtain, verify, and record information that identifies each person who opens an account and/or transmits funds to or through a United States financial institution. In certain circumstances, we may also obtain and verify information for any person authorized to make transactions in an account or beneficial owners of certain entities. Therefore, we may be required to collect information such as the following from you:
Date of birth
U.S. Citizen: taxpayer identification number (Social Security
number or employer identification number)
Non-U.S. Citizen: taxpayer identification number, passport
number, and country of issuance, alien identification card
number, or government-issued identification showing
nationality, residence, and a photograph of you. You may also
need to show your driver's license or other identifying
In order to facilitate the opening of your new account with our institution or receive financial services from our staff, the information we have requested must be verified during the next two business days. During that time, we will place restrictions on your account usage and no transaction will be available until you have funded your account.
Upon verification of your identification documents, these restrictions will be removed. We will contact you at the telephone number/address provided regarding this review. You may also call after two business days to our Main Office at (602) 254-5291 or (800) 467-6633. Please note that other regulatory restrictions related to deposits covered by the Expedited Funds Availability Act or other regulations may be imposed in subsequent transactions. However, we will make every effort to inform you of these situations should they arise.
These steps are required not only to comply with federal law but also to protect our members against financial fraud and identity theft. If you have any questions or concerns, please do not hesitate to call Banner Federal Credit Union.
Beneficiary(ies) designation for pay on death.
TYPE OF ACCOUNTS YOU ARE APPLYING FOR
You are required to have a basic savings with Us to establish membership. This account is required to have $25.00 in the account at all time and you will be charged a one-time $10.00 membership fee. To add a checking account, we require $25.00 deposit to establish it, but there is no minimum balance requirement. For the additional savings accounts, each are just $1.00 to establish and open.
See Fee Schedule
See Current Savings Rates
Regulation E Opt In Form:
What You Need to Know about Overdrafts and Overdraft Fees
An overdraft occurs when you do not have enough money in your account to cover a transaction, but we pay it anyway. We can cover your overdraft in two different ways:
- We have standard overdraft practices (Overdraft Advance) that comes with your
- We also offer overdraft protection plans (Overdraft Protection), such as a Line of Credit for those who qualify, or a link to a savings account (subject to limitations by Reg ) This may be less expensive than our standard overdraft practices. To learn more, ask us about these plans.
This notice explains our standard overdraft practices (Overdraft Advance).
What are the standard overdraft practices that come with my Protection Plus Rewards Checking?
We do authorize and pay overdrafts for the following types of transactions:
- Checks written off your account or your Bill Pay account with
- ACH withdrawals
We do not authorize and pay overdrafts for the following types of transactions unless you opt in:
- ATM transactions
- Withdrawals made at a Banner Federal CU branch
- Everyday debit card transactions
We do not pay overdrafts that would make your account overdrawn by more than $500. We pay overdrafts at our discretion, based on available balances which means we do not guarantee that we will always authorize and pay any type of transaction.
If we do not authorize and pay an overdraft, your transaction will be declined.
What fees will I be charged if Banner Federal Credit Union pays my overdraft?
Under our standard overdraft practices:
- We will charge you a fee of $35 each time we pay an
- We will charge you a fee of $35 each time an item is returned for nonsufficient
- There is no limit on the total fees we can charge you for overdrawing your
What if I want Banner Federal CU to authorize and pay overdrafts on my one-time debit card transactions?
If you want us to authorize and pay overdrafts on your one-time debit card transactions, complete the form below and return it to any Banner Federal Credit Union office or fax to (602) 256-0089.
Please review the following disclosures