Silicon Valley Bank, Silvergate Bank and Signature Bank Failures
If you have followed the news regarding the recent failures of Silicon Valley Bank, Silvergate Bank, and Signature Bank, you may have questions about what this could mean for Air Academy Credit Union and if it will have any impact on your credit union's operations. For more information, CLICK HERE.
Consumer Complaint Resolution
It is the policy of Air Academy Federal Credit Union (AAFCU) to investigate and resolve all consumer complaints in a timely manner in the event a consumer or member of AAFCU has a complaint involving a product, a service, a loan decision, or any other issue that may have been experienced. There are several ways available to consumers and AAFCU members to submit a complaint before contacting the National Credit Union Administration (NCUA). Please remember, contacting the NCUA is always an option, but there are other options available that will result in a faster resolution.
How to Submit a Complaint:
1. Contact AAFCU’s Senior Leadership Team directly at SeniorLeadershipTeam@aafcu.com. Please describe your issue in as much detail as possible, and don’t forget to include your contact information.
2. Click here to fill out a formal written complaint which will be sent to our Consumer Complaint Team.
3. Send a letter to the Chair of the Supervisory Committee at the following address:
Supervisory Committee Chair
C/O Air Academy Federal Credit Union
P.O. Box 62907
Colorado Springs, CO 80962-2907
4. Contact the NCUA through their office of Consumer Protection:
Online: www.mycreditunion.gov
Email: consumerassistance@ncua.gov
Mail: National Credit Union Administration
Office of Consumer Protection
1775 Duke Street
Alexandria, VA 22314
After AAFCU receives a written complaint directly, we will acknowledge its receipt, and begin working toward a prompt resolution of the issue. Generally, if a complaint is directed to AAFCU, we will respond with a resolution within five business days after receipt, depending on the type of complaint and the complexity of the resolution.
After the Supervisory Committee receives a written complaint directly, they will communicate directly with the member or consumer upon completion of their investigation.
After the NCUA receives a written complaint, they will acknowledge its receipt, log it into their records and send a letter with the member or consumer’s complaint to AAFCU’s Supervisory Committee with instructions to conduct an investigation and prepare a response for the NCUA. According to the NCUA, the process will generally take about 60 days depending on the type of complaint and on the complexity of AAFCU’s response.