Overview
What is Desert Financial Credit Union?
Desert Financial Credit Union, based in Phoenix, Arizona, is a nonprofit financial institution with a strong emphasis on relationships and community. With a team of over 1,200 employees, the credit union generates income from its membership and the investment of their funds, which supports its mission to provide essential services to its restricted membership. Desert Financial values sharing financial success with its members, the community, and its team.
Official website here: www.desertfinancial.com
Is Desert Financial Credit Union legitimate?
Desert Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Desert Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,309,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,265,484
For more financial information, click here
Official website here: www.desertfinancial.com
What is the mission statement of Desert Financial Credit Union?
Desert Financial Credit Union prioritizes relationships as the driving force behind their success. They believe in sharing their financial success with members, the community, and their team. The credit union's income comes from membership and the investment of members' funds, serving as the foundation for the organization to provide services to its restricted membership. The belief in giving back is deeply ingrained in Desert Financial Credit Union's philosophy. By focusing on relationships, they strive to make a positive impact on the lives of their members.
Official website here: www.desertfinancial.com
Who is the CEO of Desert Financial Credit Union?
Jeffrey D Meshey is the Ceo of Desert Financial Credit Union. The CEO's salary of Desert Financial Credit Union is $924,548 and their total compensation is $959,088.
Official website here: www.desertfinancial.com
What is the revenue of Desert Financial Credit Union?
Desert Financial Credit Union's revenue in 2022 was $376,561,824.
Official website here: www.desertfinancial.com
Who are the executives of Desert Financial Credit Union and what are their salaries?
The average compensation at Desert Financial Credit Union during 2022 was $84,705. There are 1270 employees and 16 volunteers at Desert Financial Credit Union.
Here are 20 key members and their salaries (Desert Financial Credit Union's CEO's salary is $924,548 and their total compensation is $959,088):
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- Compensation: $503,999
- Related: $0
- Other: $24,975
- Compensation: $1,874,940
- Related: $0
- Other: $590,180
- Compensation: $805,579
- Related: $0
- Other: $41,086
- Compensation: $924,548
- Related: $0
- Other: $34,540
- Compensation: $768,149
- Related: $0
- Other: $101,962
- Compensation: $607,853
- Related: $0
- Other: $31,672
- Compensation: $376,217
- Related: $0
- Other: $38,316
- Compensation: $481,554
- Related: $0
- Other: $23,989
- Compensation: $501,303
- Related: $0
- Other: $34,323
- Compensation: $395,708
- Related: $0
- Other: $30,010
- Compensation: $614,679
- Related: $0
- Other: $24,582
Official website here: www.desertfinancial.com
Where can I find the form 990 for Desert Financial Credit Union?
Desert Financial Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.desertfinancial.com
Learn more at the official website: www.desertfinancial.com
Mission Statement of Desert Financial Credit Union
Desert Financial Credit Union, with its member-driven mission, is deeply committed to fostering successful relationships. Believing that sharing financial success is the right thing to do for its members, the community, and its team, the credit union utilizes income from its membership and the investment of members' funds as the foundation for its operations and services.
At the heart of Desert Financial Credit Union lies a strong belief in the power of relationships. This belief is not only reflected in the credit union's interactions with its members but also in its dedication to giving back to the community and nurturing its team. In essence, the credit union's mission is to create a thriving network of relationships that contribute to the overall success of its members and the community at large.
The income generated from the credit union's membership and the strategic investment of members' funds serve as the cornerstone for Desert Financial Credit Union to provide essential services and support to its restricted membership. By focusing on the importance of relationships, the credit union is able to make a positive impact on the lives of its members and the community, going beyond just financial transactions.
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Impact
October, 2024
Desert Financial Credit Union significantly impacts its community by fostering strong relationships and prioritizing shared financial success. By reinvesting income generated from its membership, Desert Financial provides valuable services and supports local initiatives that benefit its members and the broader community in Phoenix, Arizona.
The credit union's commitment to collaboration underscores its belief that financial prosperity should be mutual, extending beyond individual members to enhance the well-being of the entire community. This approach not only strengthens ties within the local economy but also cultivates a supportive environment where members can thrive. Through its various programs and initiatives, Desert Financial actively contributes to community development, demonstrating a holistic commitment to public benefit.
This information is meant to be a general summary of Desert Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $111,341,943
- Program Service Revenue: $251,917,754
- Gross Receipts: $382,303,067
Assets and Liabilities:
- Total Assets: $8,192,281,897
- Total Liabilities: $7,723,734,301
- Net Assets: $468,547,596
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN & LEASE INCOME
Revenue
$129,796,032
FEES & OTHER OPERATING
Revenue
$115,582,583
PROFESSIONAL, SCIENTIF
Revenue
$4,531,254
FINANCE & INSURANCE
Revenue
$2,007,885
Organization Details
Founding Year
1939
Phone
(602) 433-7000Principal Officer
Jeffrey D Meshey
Main Address
148 NORTH 48TH STREET, PHOENIX, AZ, 85034
Website
www.desertfinancial.comNTEE Category
Code: W60 - Public benefit
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