Desert Financial Credit Union is a federally insured and chartered credit union based in Phoenix, Arizona, that operates 47 branches and service centers throughout Gila, Maricopa, and Pinal counties in Arizona. Desert Financial is the largest credit union in Arizona, managing $4 billion in assets as of March 2017.
Video Desert Financial Credit Union
History
Desert Financial was originally named AEA #1 Federal Credit Union and was chartered in 1939 to serve the financial needs of area teachers. In 1972, the credit union rebranded to Desert Schools Credit Union to better define their niche market.
Desert Schools expanded its charter in 1996 to serve anyone who lives, works, worships or attends school in Maricopa, Pinal and Gila Counties, in addition to family of current members.
In 2004, they expanded their charter to serve three counties in Arizona and disregarded vocation as a membership qualifier.
In 2018, the credit union rebranded to Desert Financial Credit Union. This decision was based on data that showed that 60% of their target market thought that they couldn't join the credit union.
Maps Desert Financial Credit Union
Membership
Desert Financial currently serves approximately 350,000 members. Individuals who live, work, worship, or attend school in the following Arizona counties may join Desert Financial Credit Union:
- Gila
- Maricopa
- Pinal
Additionally, family members of current or eligible members may also join.
Services
Desert Financial Credit Union offers a variety of financial products, including:
- Savings and Checking Accounts
- Savings Certificate
- IRAs
- Home Equity Loans
- Mortgage Loans
- Business Loans
- Consumer and Business Platinum, Bonus, and Bonus Rewards Plus Visa Credit Cards
- Vehicle and Watercraft Loans
- First Mortgages
- Direct Deposit
- Internet and Mobile Banking
Community Involvement
Desert Financial donates an average of $5 million annually to local charities and causes, and their employees also donate and volunteer in the community on a regular basis. In 2018, the credit union established the Desert Financial Foundation as their first nonprofit entity.
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References
External links
- Desert Financial Credit Union -- official site
- Desert Financial Credit Union Statement of Financial Condition
Source of article : Wikipedia
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