Desert Financial


148 N 48th St
Phoenix, AZ 85034
See all branch locations →

Phone 1-602-433-7000

Notable Rates APY Vs.Others
Savings 0.10% 0.85% →
1-Year CD 0.70% 0.75% →
2-Year CD 0.90% 0.80% →
5-Year CD 1.21% 1.10% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Credit Union Information

Desert Financial is an NCUA insured institution located in Phoenix, AZ. It was founded in 1939 and has approximately $5427.64 millions in assets.

Who can join?

Desert Schools operates within a community charter, meaning that membership is open to a variety of people living in certain segments of Arizona. If any of the statements below apply to you, you are eligible to become a valued member of our credit union

Persons who live, work, worship or attend school, including businesses and other legal entities, in Gila, Maricopa and Pinal Counties

Immediate family of the above groups, of a member or an eligible member who has not joined Desert Schools (e.g., spouse, children, adoptive children, parents, siblings, grandchildren, grandparents; does not include in-laws)

NCUA Insured Yes / Federally Chartered
Charter Number # # 3238
Date Established 1939
Assets $5,427.64 million
Loans $2,313.51 million
Deposits $4,471.06 million
Capital $686.75 million

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Gila, Maricopa or Pinal Counties or immediate family of those eligible.

Deposit Rates - October 15, 2021

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.10% $2,500 $4,999 Learn More
Money Market
0.10% $2,500 $2,999 Learn More
Money Market
0.20% $10,000 $14,999 Learn More
Money Market
0.25% $25,000 $29,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
0.50% $10,000 $14,999 Learn More
6 Mo CD
0.55% $100,000 $199,999 Learn More
12 Mo CD
0.65% $10,000 $14,999 Learn More
12 Mo CD
0.70% $100,000 $199,999 Learn More
18 Mo CD
0.75% $10,000 $14,999 Learn More
18 Mo CD
0.80% $100,000 $199,999 Learn More
24 Mo CD
0.85% $10,000 $14,999 Learn More
24 Mo CD
0.90% $100,000 $199,999 Learn More
36 Mo CD
0.95% $10,000 $14,999 Learn More
36 Mo CD
1.00% $100,000 $199,999 Learn More
48 Mo CD
1.06% $10,000 $14,999 Learn More
48 Mo CD
1.11% $100,000 $199,999 Learn More
60 Mo CD
1.16% $10,000 $14,999 Learn More
60 Mo CD
1.21% $100,000 $199,999 Learn More
Variable IRA Rates APY MIN MAX
0.35% $1 $499 Learn MoreShow Less

Loan Rates - October 15, 2021

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for DESERT FINANCIAL

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2021

Lender APR Rate (%) Points Fees Monthly
Learn More
CashCall Mortgage
NMLS ID: 128231
2.952% 2.875% 1.00 $2,500 $1,038 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR
2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

To upload and update your bank's rates please register. It is free to register and add rates.



Below are Desert Financial branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Desert Financial Locations

Climate Initiatives

DESERT FINANCIAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

Financial Details

Desert Financial Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Desert Financial. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Desert Financial U.S. Average
1.07% 3.79

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of June 30, 2021, Desert Financial had $5,079,728 in non-current loans and $2,457,510 in owned assets. To cover these potential losses it had $686,754,138 in net worth and $14,822,821 in loans loss reserves. That gives it a Texas Ratio of 1.07%.

Net Worth
Desert Financial U.S. Average
13.69% 12.22%

Desert Financial FCU has a net worth of 13.69% versus the BestCashCow average of 12.22. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Desert Financial

Branches and Savings

What is Desert Financial?

A federal credit union, registered with the NCUA under certificate #3238.
Learn more about credit unions here.

Is Desert Financial FDIC insured?

No, credit unions are not insured by the FDIC. Most, but not all, are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance. Desert Financial is insured by the NCUA.

Who can join Desert Financial?

Please see Field of Membership information above for information on who is eligible to join.

What are Desert Financial's share account and share certificate rates?

Desert Financial's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Desert Financial?

Desert Financial has total capital of $686.75 million. Full information on Desert Financial's financial position is located above.

Who owns Desert Financial?

Credit Unions are owned by their members.

Where are Desert Financial branches located?

See branch locations nearby.

Are Desert Financial ATMs Open 24/7?

Do Desert Financial ATMs accept cash deposits?

Can Desert Financial customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Desert Financial have a mobile app?

Does Desert Financial have mobile deposit?

Does Desert Financial have quick pay?

How can Desert Financial transfer money to other banks or credit unions?

Does Desert Financial report to credit bureaus?

Does Desert Financial use Chexsystems?

Does Desert Financial use Equifax?

What is Desert Financial's toll free phone number?

What is Desert Financial's ACH Routing Number?

What is Desert Financial's SWIFT code?

Where can I find Desert Financial's wire transfer form?

What is the Desert Financial address for deposits?

What Products Does Desert Financial Offer

Does Desert Financial offer mortgages?

Compare mortgage rates here.

Does Desert Financial offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Desert Financial offer auto and RV loans?

Compare auto loan rates here.

Does Desert Financial offer student loans or personal loans?

Compare personal loan rates here.

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