Desert Financial Credit Union

Desert Financial Credit Union
Credit union
Industry Financial services
Founded 1939
Headquarters Phoenix, Arizona
United States
Number of locations
 47 traditional and in-store branches in central Arizona
Area served
 Arizona
Key people
 Jeff Meshey, President & CEO
Services Savings; checking; auto loans; mortgage loans; home equity loans; personal loans; mortgages; credit cards; investments; online banking; business loans; wills & trusts; financial planning
Total assets $4B USD (March 2017)
Number of employees
 1,100
Subsidiaries Desert Schools Financial Services, LLC[1]
Website

Desert Financial Credit Union is a federally insured and chartered credit union based in Phoenix, Arizona, that operates 47 branches and service centers throughout Gila, Maricopa, and Pinal counties in Arizona. Desert Financial is the largest credit union in Arizona, managing $4 billion in assets as of March 2017.

History

Desert Financial was originally named AEA #1 Federal Credit Union and was chartered in 1939 to serve the financial needs of area teachers. In 1972, the credit union rebranded to Desert Schools Credit Union to better define their niche market.

In 2004, they expanded their charter to serve three counties in Arizona and disregarded vocation as a membership qualifier.

In 2018, the Desert Schools Credit Union was renamed Desert Financial Credit Union, in order to address misconceptions that it still only served members of the education community.[2] The rebranding was promoted during a commercial aired locally during Super Bowl LII, featuring Phoenix native Alice Cooper and playing upon his song "School's Out".[3][4]

The Desert Financial Headquarters in Phoenix, Arizona.
The Desert Financial Headquarters in Phoenix, Arizona.

Membership

Desert Financial currently serves approximately 350,000 members. Individuals who live, work, worship, or attend school in the following Arizona counties may join Desert Financial Credit Union:

Additionally, family members of current or eligible members may also join.[5]

Services

Desert Financial Credit Union offers a variety of financial products, including:

Community Involvement

Desert Financial donates an average of $5 million annually to local charities and causes, and their employees also donate and volunteer in the community on a regular basis. In 2018, the credit union established the Desert Financial Foundation[15] as their first nonprofit entity.

    References

    1. ↑ "NCUA Form 5300 (Statement of Financial Condition)". National Credit Union Administration. September 2007. Archived from the original on 2012-02-08. Retrieved 2008-02-10.
    2. ↑ "Desert Schools Federal Credit Union changes its name". Phoenix Business Journal. Retrieved 2018-01-01.
    3. ↑ "Watch Alice Cooper's Super Bowl Ad". Ultimate Classic Rock. Townsquare Media. Retrieved 2018-02-07.
    4. ↑ "https://www.bizjournals.com/phoenix/news/2018/02/04/watch-desert-financial-s-super-bowl-commercial.html". Phoenix Business Journal. Retrieved 2018-02-07. External link in |title= (help)
    5. ↑ Membership requirements
    6. ↑ "Archived copy". Archived from the original on 2013-07-24. Retrieved 2013-07-24.
    7. ↑
    8. ↑
    9. ↑
    10. ↑ "Archived copy". Archived from the original on 2013-08-23. Retrieved 2013-07-24.
    11. ↑
    12. ↑
    13. ↑ "Archived copy". Archived from the original on 2013-08-06. Retrieved 2013-07-24.
    14. ↑
    15. ↑ Blufish (2017-12-13). "Desert Schools becomes Desert Financial Credit Union | AZ Big Media". AZ Big Media. Retrieved 2018-01-01.
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