Sep, 30, 2025 — DESERT FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in PHOENIX, AZ with 49 branch locations and about $9.17 billion in total assets. Opened 87 years ago in 1939, DESERT FINANCIAL CREDIT UNION has about 497,868 members and employs 1,364 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | DESERT FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 148 N 48th St PHOENIX, AZ 85034 |
| Phone: | (602) 433-7000 |
| Fax: | |
| Website: | https://www.desertfinancial.com |
| Branches: | 49 branch locations |
| Members: | 497,868 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68713 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $9,174,571,054 |
| CEO/Manager: | Jeffrey D Meshey |
| Chairperson: | Kevin Haskew |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 351,476,357 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 4,152,696 |
| Real Estate Loans | 3,218,787,100 |
| Unsecured Loans | 86,340,284 |
| Other Loans | 1,553,427,866 |
| TOTAL LOANS | 4,858,670,614 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -42,758,851 |
| Land And Building | 58,667,150 |
| Other Fixed Assets | 11,236,032 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 72,616,644 |
| All Other Assets | 1,159,691 |
| TOTAL ASSETS | 9,174,571,054 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 12,150,000 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,363,204 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 1,741,383,036 |
| Regular shares | 1,461,142,550 |
| All Other Shares & Deposits | 5,116,700,426 |
| TOTAL SHARES & DEPOSITS | 8,319,226,012 |
| TOTAL LIABILITIES | 8,347,739,216 |
| Regular Reserve | 0 |
| Other Reserves | -259,367,618 |
| Undivided Earnings | 1,086,199,456 |
| TOTAL EQUITY | 826,831,838 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 9,174,571,054 |
| INCOME & EXPENSE | |
| Loan Income | 214,910,051 |
| Investment Income | 88,147,642 |
| Other Income | 31,864,272 |
| Total Employee Compensation & Benefits | 135,742,015 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 85,774,383 |
| Non-operating Income & (Expense) | -321,809 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 13,592,887 |
| Cost of Funds | 125,436,383 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 53,911,655 |
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