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National Credit Union Service Organization

DESERT FINANCIAL CREDIT UNION

Jun, 30, 2021 — DESERT FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in Phoenix, AZ with 47 branch locations and about $7.50 billion in total assets. Opened 82 years ago in 1939, DESERT FINANCIAL CREDIT UNION has about 368,284 members and employs 1,133 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 122187238
Name:DESERT FINANCIAL CREDIT UNION
Address:
(Main Office)
148 N 48th St
Phoenix, AZ 85034
Phone:(602) 433-7000
Fax:
Website:http://www.desertfinancial.com
Branches:47 branch locations
Members:368,284
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, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$7,504,961,417
CEO/Manager:Jeffrey D Meshey
Chairperson:Laura A Watson

Call Report

  • First Time Homebuyer Program
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 745,212,587
TOTAL INVESTMENTS 4,036,298,148
Loans Held for Sale 15,428,960
 
 Real Estate Loans 1,210,667,178
 Unsecured Loans 51,092,655
 Other Loans 1,131,822,623
 TOTAL LOANS 2,396,436,301
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -25,244,071
 Land And Building 56,827,900
 Other Fixed Assets 14,901,745
 NCUSIF Deposit 52,847,825
 All Other Assets 212,252,022
  TOTAL ASSETS 7,504,961,417
LIABILITIES & CAPITAL:  
 Dividends Payable 7,500,000
 Notes & Interest Payable 200,252,264
 Accounts Payable & Other Liabilities 71,497,902
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,499,395,319
 Regular shares 1,561,218,864
 All Other Shares & Deposits 3,390,015,082
  TOTAL SHARES & DEPOSITS 6,450,629,265
  TOTAL LIABILITIES 6,729,879,431
 Regular Reserve 29,788,065
 Other Reserves -4,287,835
 Undivided Earnings 749,581,756
  TOTAL EQUITY 775,081,986
  TOTAL LIABILITIES, SHARES, & EQUITY 7,504,961,417
INCOME & EXPENSE  
 Loan Income 44,853,081
 Investment Income 31,210,891
 Other Income 15,849,728
 Total Employee Compensation & Benefits 64,332,353
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 37,554,008
 Non-operating Income & (Expense) 989,435
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense -602,060
 Cost of Funds 16,099,922
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 58,858,361
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