Desert Financial Federal Credit Union
Headquarters
148 N 48th St
Phoenix, AZ 85034
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Phone 1-602-433-7000
2024 Overview
General Credit Union Information
Desert Financial is an NCUA insured institution located in Phoenix, AZ. It was founded in 1939 and has approximately $5427.64 millions in assets.
Who can join?
Desert Schools operates within a community charter, meaning that membership is open to a variety of people living in certain segments of Arizona. If any of the statements below apply to you, you are eligible to become a valued member of our credit union
Persons who live, work, worship or attend school, including businesses and other legal entities, in Gila, Maricopa and Pinal Counties
Immediate family of the above groups, of a member or an eligible member who has not joined Desert Schools (e.g., spouse, children, adoptive children, parents, siblings, grandchildren, grandparents; does not include in-laws)
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 3238 |
| Date Established | 1939 |
| Assets | $5,427.64 million |
| Loans | $2,313.51 million |
| Deposits | $4,471.06 million |
| Capital | $686.75 million |
Field of Membership Restrictions
Membership is open to those who live, work, attend school or worship in Gila, Maricopa or Pinal Counties or immediate family of those eligible.
Deposit Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.10% | $2,500 | $4,999 |
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|
|
Money Market
|
0.10% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.25% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.55% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
0.65% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
0.70% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
0.75% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
0.80% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
0.85% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
0.90% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
0.95% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.00% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.06% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.11% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.16% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.21% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.35% | $1 | $499 | Learn More |
Loan Rates - November 17, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Desert Financial
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 3030 |
7.225% | 7.125% | 1.00 | $3,200 | $2,156 | Learn More |
NMLS ID: 491986 |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
Learn More
More Info |
Note to Desert Financial
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Branches
Below are Desert Financial branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Desert Financial Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 1552.41 | A | View Lobby Hours | |
| 1579.23 | B | View Lobby Hours | |
| 1582.51 | C | View Lobby Hours | |
| 1585.93 | D | View Lobby Hours | |
| 1587.42 | E | View Lobby Hours | |
| 1588.03 | F | View Lobby Hours | |
| 1588.34 | G | View Lobby Hours | |
| 1589.29 | H | View Lobby Hours | |
| 1591.26 | I | View Lobby Hours | |
| 1591.93 | J | View Lobby Hours | |
| 1592.16 | K | View Lobby Hours | |
| 1592.86 | L | View Lobby Hours | |
| 1593.13 | M | View Lobby Hours | |
| 1594.39 | N | View Lobby Hours | |
| 1594.88 | O | View Lobby Hours | |
| 1595.07 | P | View Lobby Hours | |
| 1595.91 | Q | View Lobby Hours | |
| 1597.29 | R | View Lobby Hours | |
| 1597.73 | S | View Lobby Hours | |
| 1597.91 | T | View Lobby Hours | |
| 1598.25 | U | View Lobby Hours | |
| 1598.36 | V | View Lobby Hours | |
| 1600.41 | W | View Lobby Hours | |
| 1600.54 | X | View Lobby Hours | |
| 1600.80 | Y | View Lobby Hours | |
| 1601.53 | Z | View Lobby Hours |
Climate Policy and Initiatives
DESERT FINANCIAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Desert Financial Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Desert Financial. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Desert Financial | U.S. Average |
|---|---|
| 1.07% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Desert Financial had $5,079,728 in non-current loans and $2,457,510 in owned assets. To cover these potential losses it had $686,754,138 in net worth and $14,822,821 in loans loss reserves. That gives it a Texas Ratio of 1.07%.
Net Worth
| Desert Financial | U.S. Average |
|---|---|
| 13.69% | 13.93% |
Desert Financial FCU has a net worth of 13.69% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Desert Financial
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