Desert Financial Credit Union
  • Refer a Friend
  • Locations
  • Contact
  • Rates
  • Schedule Appointment
  • Login

  • New Loans and Accounts: 602-433-5626
  •  Service: 602-433-7000
  •  Routing # 122187238
  • PERSONAL
  • BUSINESS
  • NEWS & KNOWLEDGE
  • WHY CHOOSE US
    • Group of six Desert Financial Credit Union team members from the Scottsdale Kierland branch, posing at front counter
      Banking with Us

      • MemberPass
    • Woman smiling, resting her head on her hands folded at a table
      Make the Switch

    • Couple taking a selfie outside on the steps with their dog.
      Relationship Rewards

      • Member Giveback Bonus
      • Refer a Friend
    • Six Desert Financial team members standing around a table of school supplies
      Sharing Success

    • A banker and a credit union member sitting and shaking hands over the banker’s office desk.
      What's Different

  • CHECKING & SAVINGS
    • Three friends laughing at lunch together.
      Checking Overview

      • Free Checking
      • Online & Mobile Banking
      • Mobile Pay
      • Mobile Payment Apps
      • Account Features
    • Couple and their child all riding bicycles down the street together.
      Savings Accounts

      • Money Market Accounts
      • Savings Certificate
      • IRA Certificates
      • IRA Savings
      • Health Savings Account
    • Senior couple meeting and talking with a banker at his office desk.
      Other Savings Accounts

      • Holiday Savings
      • Savings
      • Jumbo Certificate
      • College Savings Certificate
    • Identity Theft Protection Service

  • LOANS
    • Couple reviewing pricing information together in front of a new car inside an auto dealership.
      Auto Loans Overview

      • Auto Refinancing
      • Auto Purchase Loan
      • Graduate Auto Loan Program
      • Recreational Vehicle Loan
      • Protect Your Car
      • Dealership Purchase
    • Beautiful two-story desert home in a desert landscape setting.
      Home Loans Overview

      • Mortgage Loans
      • Mortgage Refinancing
      • Home Equity Line of Credit
      • Jumbo Loans - Home Lending
      • Mortgage Payment Assistance
      • Home Warranty Plans
    • Couple relaxing and smiling in their outside lounging patio chairs.
      Personal Loans

      • Student Loans
      • Personal Line of Credit
      • Signature Loans
  • CREDIT CARDS
    • Woman on her cell phone smiling and reading off her credit card information.
      Card Comparison

      • Visa Platinum Card
      • Visa Everyday Rewards Plus
      • Visa Max Cash Preferred Card
      • Visa College Real Rewards Card
  • WEALTH MANAGEMENT
    • Couple at an outdoor restaurant smiling and looking down at woman’s cell phone together.
      Investments

      • Advisors
    • Blue and orange umbrellas falling from the sky.
      Insurance Services

      • Request a Quote
    • Senior couple smiling and looking at each other, tablet while sitting on their sofa.
      Senior Market Insurance

      • Advisors
    • Couple sitting at an office desk with their banker, reviewing banking options.
      Wills and Trusts

      • Estate Planning Specialists
    • Community members attending a complimentary financial seminar from Desert Financial.
      Seminars

      • Medicare Seminars
      • Wealth Management Events
      • Wills & Trust Seminars
  • ABOUT US
    • Three young boys in school uniforms listening to their teacher.
      Commitment to Education

    • Two Desert Financial Credit Union team members helping children at a recent Sharing Success community volunteer event.
      Community Overview

      • Desert Financial Foundation
    • Professional woman smiling, with two other professionals working together in the background.
      Annual Report

  • NEW LOANS & ACCOUNTS: (602) 335-5003

    MEMBER SERVICE: (602) 433-7000

  • LOGIN
  • OPEN AN ACCOUNT
  • Home
  • PERSONAL
  • About Us
  • Annual Report

Desert Financial Annual Reports

Looking for a copy of a recent annual report? Interested in learning more about the Credit Union? Curious what notable things happened last year?

Outstanding member solutions and social responsibility set Desert Financial apart from other financial institutions and are important parts of our mission. Whether you are a member or potential member, we invite you to explore recent achievements, financial milestones, stories of service and our community impact.

2021 Annual Report

In 2021, Desert Financial continued to surmount challenges and increase our financial fortitude. Our net income exceeded $87.4 million, and we increased our Member Giveback Bonus to $15 million. We gave back $3.8 million to our community, performing over 8,000 Random Acts of Kindness and awarding $195,500 in scholarships to more than 70 local students. We also expanded statewide by providing financial services in Flagstaff and opening a branch location in Prescott Valley.

VIEW REPORT

2020 Annual Report

Despite the challenges of a global pandemic, Desert Financial was able to increase its giving efforts and achieve record growth in 2020. We donated $3.9 to help our community, including $1.2 million in COVID-19 relief, and grew our mortgage loan volume to over $722 million. We also took the first step in our statewide expansion by performing Random Acts of Kindness in Flagstaff and Prescott.

VIEW REPORT

2019 Annual Report

Our 80th Anniversary year was one for the record books, with over $200 million in loan growth and a year-end total of $5 billion in assets. We shared our success by donating $2.3 million to our community, performing over 5,000 Random Acts of Kindness and awarding $8 million in cash bonuses to our members. In 2019, Desert Financial also broke new ground by purchasing naming rights to Arizona State University’s basketball arena and becoming the first Valley credit union to introduce voice banking.

VIEW REPORT

2018 Annual Report

In 2018, Desert Financial hosted more than 40 Teacher Appreciation events and performed over 60 Random Acts of Kindness. This was all part of our Year of Giving goal to give back $7 million to our members, our community and our team. We also welcomed more than 35,000 new members, served as title sponsor of the Fiesta Bowl Parade, introduced truly Free Checking and increased our total assets to over $4.5 billion!

VIEW REPORT

2017 Annual Report

Our most successful year to date, 2017 was a time of great transformation for Desert Financial. We dropped the word “Schools” from our name, but continued our educational support through grants, supply drives, financial literacy classes and our scholarship program. We also opened two new Desert Financial branches and raised a record amount for the 1 Darn Cool School at Phoenix Children’s Hospital.

VIEW REPORT

2016 Annual Report

With the help of our members, employees, and volunteers, 2016 was a banner year for Desert Financial Credit Union. We saw a 1.6% ROA (up from 1.07% last year), increased consumer and business deposits to more than $3.4 billion combined, and ended the year with a net worth ratio of 11.93%.

VIEW REPORT

2015 Annual Report

Focusing on service is the cornerstone of our culture, and 2015 was truly a year that highlighted our service commitment on multiple levels not only for our members, but also for our community. This year, we implemented a new banking system to improve member service; introduced Relationship Rewards to provide more value to our members, and gave back to our community on a record level.

VIEW REPORT

2014 Annual Report

We commemorated a major milestone in 2014: 75 years of providing exceptional financial solutions to our members and our community. And we did it together, with our members, employees and management team. What began in 1939 among a small group of teachers pooling their resources together into $100 in net assets has become the largest locally based financial institution in Arizona, and a leading member of the incredible community we serve.

VIEW REPORT

2013 Annual Report

Since 1939, Desert Financial has served over 2 million members, we’ve financed over 100,000 homes, opened savings accounts for brand new babies, and helped future retirees build their nest eggs. Just as we are a financial partner to our members, we are also a community partner to the Valley. And because we only serve the Valley, our connection to the community is vital. When the Valley thrives, Desert Financial thrives. And because this community has been such a good home to us, helping this organization to grow from less than $100 in 1939 to over $3 billion today, being a true community partner is a commitment our entire organization takes to heart.

VIEW REPORT

2012 Annual Report

In life, we build special relationships over time by sharing with one another the important milestones that mark our lives. It's the same at Desert Financial. Our guiding belief of "people helping people" has enabled us to build a strong and lasting foundation, based on reciprocal trust and mutual cooperation with you. As Henry Ford once said, "If everyone is moving forward together, then success takes care of itself." This inspirational statement exemplifies the past year for the Credit Union. Because of loyal members like you, our dedicated employees, and our volunteers, we were able to reach new heights together.

VIEW REPORT

2011 Annual Report

At Desert Financial, 2011 began with optimism that we would overcome the economic obstacles faced in previous years and the determination to return to profitability. Thanks to the perseverance, hard work, and focus of our entire organization, Desert Financial was able to emerge as a strong, stable, and most importantly profitable organization. We're very proud to present our 2011 Annual Report, which highlights the successes and best practices from this amazing year.

VIEW REPORT

WE'RE HERE TO HELP. NEW ACCOUNTS: (602) 433-5626 SERVICE: (602) 433-7000
  • PERSONAL
  • Savings
  • Account Features
  • Auto Loans
  • Home Loans
  • Personal Loans
  • Credit Cards
  • Will and Trust Services
  • Insurance
  • Identity Protection
  • Fee Schedule
  • BUSINESS
  • Business Checking
  • Business Savings
  • Business Loans
  • Credit Cards
  • WHY CHOOSE US
  • Banking with Us
  • Switch Kit
  • Relationship Rewards
  • Sharing Success
  • Careers
  • Locations
  • Contact Us
  • Site Availability
  • Site Map
  • Terms and Conditions
  • Legal
  • Privacy Policy
  • Frequently Asked Questions
  • Press Kit
© 2022 Desert Financial Credit Union
Federally insured by NCUA
|
Equal House Lender logo Equal Housing Opportunity
MemberPass Trust Participant logo
  • Twitter icon, orange background white bird
  • Facebook icon, orange background with white F
  • Instagram icon, orange background white camera
  • Pinterest icon, orange background white P
  • Youtube icon, orange and white background with orange play button