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National Credit Union Service Organization

DESERT FINANCIAL CREDIT UNION

Jun, 30, 2023 — DESERT FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in PHOENIX, AZ with 49 branch locations and about $8.29 billion in total assets. Opened 85 years ago in 1939, DESERT FINANCIAL CREDIT UNION has about 417,710 members and employs 1,195 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:https://www.desertfinancial.com
Branches:49 branch locations
Members:417,710
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, 2021
FHLB Member:Yes
Low Income Designation:No
Assets:$8,289,659,936
CEO/Manager:Jeffrey D Meshey
Chairperson:Kevin Haskew

Call Report

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

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 483,418,121
TOTAL INVESTMENTS 0
Loans Held for Sale 2,634,954
 
 Real Estate Loans 1,813,927,934
 Unsecured Loans 71,890,811
 Other Loans 1,647,859,294
 TOTAL LOANS 3,535,525,819
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -22,485,899
 Land And Building 63,947,010
 Other Fixed Assets 12,563,536
 NCUSIF Deposit 66,079,083
 All Other Assets 1,156,600
  TOTAL ASSETS 8,289,659,936
LIABILITIES & CAPITAL:  
 Dividends Payable 12,000,000
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 122,571,627
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,836,079,116
 Regular shares 1,868,542,621
 All Other Shares & Deposits 4,019,759,978
  TOTAL SHARES & DEPOSITS 7,724,381,715
  TOTAL LIABILITIES 7,858,953,342
 Regular Reserve 0
 Other Reserves -432,346,245
 Undivided Earnings 863,052,839
  TOTAL EQUITY 430,706,594
  TOTAL LIABILITIES, SHARES, & EQUITY 8,289,659,936
INCOME & EXPENSE  
 Loan Income 89,143,230
 Investment Income 87,086,951
 Other Income 32,693,602
 Total Employee Compensation & Benefits 103,744,751
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 64,358,726
 Non-operating Income & (Expense) -234,530
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 2,742,041
 Cost of Funds 46,364,009
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 55,099,557
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