1 star ratingAverage User Rating:
1 star rating based on 1 review.

Desert Schools Federal Credit Union

Desert Schools Federal Credit Union Locations
148 North 48th Street
Phoenix, AZ 85034
602-433-7000
www.desertschools.org

Desert Schools Federal Credit Union is headquartered in PHOENIX and is the largest credit union in the state of Arizona. It is also the 41st largest credit union in the nation. It was established in 1939 and as of September of 2011, it had grown to 837 employees and 336,688 members. Desert Schools Federal Credit Union has a 3-star health rating.

Desert Schools Federal Credit Union Routing Number: 122187238



Report an Issue
See Rates for: Checking | Savings | Money Market | CD | IRA

Desert Schools Federal Credit Union Checking Account Rates

ApyMinMaxProduct
0.20%--Desert Fusion Checking - Qualifying
0.05%--Desert Skyline Checking
0.05%--Business Value Plus Checking
0.05%--Business Platinum Checking

Desert Schools Federal Credit Union Savings Account Rates

ApyMinMaxProduct
0.10%--IRA Savings
0.10%--Health Savings
0.10%--Roth IRA Savings
0.05%$25-Membership Savings
0.05%--Holiday Savings
0.05%--Savings
0.05%$25-Business Membership Savings
0.05%--Business Other Savings

Desert Schools Federal Credit Union Money Market Rates

ApyMinMaxProduct
0.20%$100k-Money Market Account
0.20%$100k-Business Money Market

Desert Schools Federal Credit Union CD Rates

ApyMinMaxProduct
1.41%$500-5 Year Savings Certificate
1.41%$100k-5 Year Jumbo Savings Certificate
1.41%$1k-Business 5 Year Certificate
1.41%$100k-Business 5 Year Jumbo Certificate
1.00%$1k-4 Year Savings Certificate
1.00%$100k-4 Year Jumbo Savings Certificate
1.00%$1k-Business 4 Year Certificate
1.00%$100k-Business 4 Year Jumbo Certificate
0.75%$1k-3 Year Savings Certificate
0.75%$100k-3 Year Jumbo Savings Certificate
0.75%$1k-Business 3 Year Certificate
0.75%$100k-Business 3 Year Jumbo Certificate
0.60%$500-30 Month Savings Certificate
0.60%$100k-30 Month Jumbo Savings Certificate
0.60%$1k-Business 30 Month Certificate
0.60%$100k-Business 30 Month Jumbo Certificate
0.55%$1k-2 Year Savings Certificate
0.55%$100k-2 Year Jumbo Savings Certificate
0.55%$1k-Business 2 Year Certificate
0.55%$100k-Business 2 Year Jumbo Certificate
0.40%$1k-18 Month Savings Certificate
0.40%$100k-18 Month Jumbo Savings Certificate
0.40%$1k-Business 18 Month Certificate
0.40%$100k-Business 18 Month Jumbo Certificate
0.30%$1k-1 Year Savings Certificate
0.30%$100k-1 Year Jumbo Savings Certificate
0.30%$1k-Business 1 Year Certificate
0.30%$100k-Business 1 Year Jumbo Certificate
0.20%$1k-6 Month Savings Certificate
0.20%$100k-6 Month Jumbo Savings Certificate
0.20%$1k-Business 6 Month Certificate
0.20%$100k-Business 6 Month Jumbo Certificate

Desert Schools Federal Credit Union IRA Rates

ApyMinMaxProduct
1.41%$100k-5 Year Jumbo IRA Savings Certificate
1.41%$1k-5 Year IRA Savings Certificate
1.41%$1k-5 Year Roth IRA Savings Certificate
1.41%$100k-5 Year Jumbo Roth IRA Savings Certificate
1.00%$100k-4 Year Jumbo IRA Savings Certificate
1.00%$1k-4 Year IRA Savings Certificate
1.00%$1k-4 Year Roth IRA Savings Certificate
1.00%$100k-4 Year Jumbo Roth IRA Savings Certificate
0.75%$100k-3 Year Jumbo IRA Savings Certificate
0.75%$1k-3 Year IRA Savings Certificate
0.75%$1k-3 Year Roth IRA Savings Certificate
0.75%$100k-3 Year Jumbo Roth IRA Savings Certificate
0.60%$100k-30 Month Jumbo IRA Savings Certificate
0.60%$1k-30 Month IRA Savings Certificate
0.60%$1k-30 Month Roth IRA Savings Certificate
0.60%$100k-30 Month Jumbo Roth IRA Savings Certificate
0.55%$100k-2 Year Jumbo IRA Savings Certificate
0.55%$1k-2 Year IRA Savings Certificate
0.55%$1k-2 Year Roth IRA Savings Certificate
0.55%$100k-2 Year Jumbo Roth IRA Savings Certificate
0.40%$1k-1 Year College Savings Certificate
0.40%$100k-18 Month Jumbo IRA Savings Certificate
0.40%$1k-18 Month IRA Savings Certificate
0.40%$1k-18 Month Roth IRA Savings Certificate
0.40%$100k-18 Month Jumbo Roth IRA Savings Certificate
0.30%$100k-1 Year Jumbo IRA Savings Certificate
0.30%$1k-1 Year IRA Savings Certificate
0.30%$1k-1 Year Roth IRA Savings Certificate
0.30%$100k-1 Year Jumbo Roth IRA Savings Certificate
0.20%$100k-6 Month Jumbo IRA Savings Certificate
0.20%$1k-6 Month IRA Savings Certificate
0.20%$1k-6 Month Roth IRA Savings Certificate
0.20%$100k-6 Month Jumbo Roth IRA Savings Certificate

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


DESERT SCHOOLS
NCUA #3238
BankRate ReportView
Year Established1939
Employees837
Primary Regulator

Assets and Liabilities

Assets$2.83 billion
Loans$1.51 billion
Deposits$2.55 billion
Equity Capital$218.93 million
Loan Loss Allowance$112.07 million
Unbacked Noncurrent Loans$127.17 million
Real Estate Owned$12.92 million

Historic Data - September 2010

Assets$2.85 billion
Equity Capital$212.20 million
Loan Loss Allowance$130.37 million
Unbacked Noncurrent Loans$200.16 million
Real Estate Owned$14.62 million

Profit Margin - Quarterly

Net Interest Margin3.99%
Return on Assets0.93%
Return on Equity12.06%
Interest Income$89.53 million
Non-Interest Income$60.07 million

Institution Health


Overall Score:
3 out of 5
3
Texas Ratio2
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Desert Schools Federal Credit Union had $140.08 million in non-current loans and owned real-estate with $331 million in equity and loan loss allowances on hand to cover it. This gives Desert Schools Federal Credit Union a Texas Ratio of 42.32% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend4
The Texas Ratio for Desert Schools Federal Credit Union decreased slightly from 62.70% as of September 30, 2010 to 42.32% as of September 30, 2011, resulting in a positive change of 32.50%.This indicates that the balance sheet and financial strength for Desert Schools Federal Credit Union has improved slightly in recent periods.
Deposit Growth4
In the past year, Desert Schools Federal Credit Union has increased its total deposits by $28.45 million, resulting in 1.13% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Desert Schools Federal Credit Union has shown is above average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Desert Schools Federal Credit Union has $2.83 billion in assets with $331 million in equity, resulting in a capitalization level of 11.69%, which is above average.
Write Review

Desert Schools
1 stars - jedi85 - Monday, May 30, 2011 - 4:19 PM

I have been with desert schools now for over 3 years, started with a personal account and then later opened a business account. I was happy with the Friendly service. It is now almost June of 2011 and I think this has been the worst year and experience ever with Desert Schools Credit Union that I have seen. When I set up my business account I was told that I was not able to draw money when the account had a lack of funds, well come to find out when I opened My e pal account that I had around 9 NSF charges on it. I then went to the Local Desert Schools to bring attention to the issue in which a familiar teller tried her best to take care of the issue removing 3 of the NSF fee charges know that I am not supposed to be able to overdraw on the account. The teller spent hours on the phone with the main branch of Desert Schools letting them know that I never authorized any changes on the account. well 1 month later we are back to square on the Date is 5/30/11 and I logged in to my e pal account and discovered a almost the same problem that happened.. over $300 in NSF fees alone...If you are starting a small Business I would recommend staying away from Desert Schools at all costs..if you have had a similar problem please post 
Keywords: 
desertschools.org 
Desert Schools Fedral Credit Union 
Nearest Desert Schools 
Buisness Account Desert Schools 
Local Desert Schools 
Reviews on Desert Schools Federal Credit Union

May 30, 2011

3
 
Featured Savings Account
Nationwide Savings Accounts