Since 1957, AERO has been committed to providing financial benefits and solutions that focus on the needs of its members.
We are a full service credit union where member service is our top priority. Our product focus is checking and savings, loans, home equity loans and lines of credit, refinancing, credit cards, insurance products and financial planning. We also offer our eBanking suite of products that include mobile and online banking, mobile deposit and more.
AERO is an expanded charter membership throughout the Phoenix, AZ and Albuquerque, NM metro areas. Check membership eligibility here.
The credit union was originally charted in 1957. Through a series of mergers and acquisitions of our core sponsor, and in keeping with our dedication to the employees of the flight and aerospace industry, we saw several name changes over the decades. We were originally known as “Sperry Phoenix Employees Federal Credit Union”. Then the name was shortened to “Sperry Federal Credit Union”. In November, 1999 we changed our name to “Honeywell Aerospace Federal Credit Union” and finally in April, 2009 we broadened our name to “AERO Federal Credit Union.
The credit union’s business model is simple: members pool their money together to form various types of accounts (Regular Savings, Certificates, Money Market Accounts, etc.) becoming shareholders of the credit union. As members take out and repay low-cost loans, the interest received is used to pay dividends back to the shareholders. All earnings above expenses, reserves, and retained capital are returned the members. The more participation, the more our members reap and share those financial benefits.
As of March 31, 2017, AERO Federal Credit Union currently holds $238 million in assets with branches in the Phoenix and Albuquerque metro areas serving over 18,000 members.
We’ve grown because of our members and we wouldn’t be here without them. At AERO Federal Credit Union, banking with us is the easy part. Go ahead, enjoy your life. We’ve got your banking handled.
Aero Activities Club is available to all AERO Federal Credit Union members as long as you are 50 years and older, worked at Sperry Flight Systems and have worked or are still working at Honeywell. The club began in 1970 and now has nearly 500 members.
They are always looking for new members to join them and their dues are just $5 annually.
If you are interested in joining, please call 623-815-8246 or email firstname.lastname@example.org.
Follow them on Facebook at www.facebook.com/Sperrymember/?ref=bookmarks.
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