Desert Financial Credit Union

Organization Overview

Desert Financial Credit Union is located in Phoenix, AZ. As of 12/2021, Desert Financial Credit Union employed 1,416 individuals. Desert Financial Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Desert Financial Credit Union generated $333.2m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $245.8m during the year ending 12/2021. While expenses have increased by 14.6% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Desert Financial Credit Union has awarded 99 individual grants totaling $2,036,240. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

AT DESERT FINANCIAL, RELATIONSHIPS DRIVE SUCCESS. WE SHARE OUR FINANCIAL SUCCESS BECAUSE WE BELIEVE IT'S THE RIGHT THING TO DO FOR OUR MEMBERS, OUR COMMUNITY AND OUR TEAM.

Describe the Organization's Program Activity:

Part 3 - Line 4a

INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP.


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Board, Officers & Key Employees

Name (title)Compensation
Jeffrey D Meshey
CEO
$1,411,835
Jeffrey S Butler
Ceo-Switchthink Solutions
$889,964
Rondle K Amstutz
Executive VP
$693,185
Cathleen Graham
Executive VP
$644,874
Gary Sneed
SVP Chief Lending Officer
$534,535
Stephen Jordan
Chief Revenue Officer
$531,922

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Anderson Moss Llc Dba Anderson Advertis
Marketing
$4,432,667
Google Inc
Marketing
$2,965,089
Fiserv Inc
Data Processing
$6,177,775
Alkami Technology Inc
Digital Banking Platform
$2,288,256
Personix
Data Processing
$1,833,425
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$229,462,154
Investment income $68,552,336
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income -$129,882
Net Gain/Loss on Asset Sales $653,740
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $333,222,725

Grants Awarded

Over the last fiscal year, Desert Financial Credit Union has awarded $1,186,500 in support to 43 organizations.

Grant RecipientAmount

DESERT FINANCIAL FOUNDATION

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: LAPTOPS 4 LEARNING FUNDRAISER, YC FOUNDATION CTE SCHOLARSHIP, DF GOLF TOURNAMENT SPONSOR, FUNDRAISER MATCH, SCHOLARSHIPS

$286,300

ARIZONA EDUCATIONAL FOUNDATION

Org PageRecipient Profile

Phoenix, AZ

PURPOSE: PLATINUM SPONSORSHIP, AZ ED FOUNDATION SPONS 2022

$75,000

AMERICAN HEART ASSOCIATION

Org PageRecipient Profile

Dallas, TX

PURPOSE: PHX HEARTWALK SPONSERSHIP

$65,000

YAVAPAI FOOD BANK INC

Org PageRecipient Profile

Prescott Valley, AZ

PURPOSE: TURKEY MATCH

$50,000

Mesa, AZ

PURPOSE: RANDOM ACTS OF KINDNESS

$50,000

FLAGSTAFF FAMILY FOOD CENTER

Org PageRecipient Profile

Flagstaff, AZ

PURPOSE: RANDOM ACTS OF KINDNESS

$50,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Desert Financial Credit Union has recieved totaling $7,500.

Awarding OrganizationAmount
Fiesta Events Inc

Scottsdale, AZ

PURPOSE: EVENT SPONSORSHIP

$7,500
View Grant Recipient Profile

Peer Organizations

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