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Overview / Commentary
3604 N Wells Fargo Ave Suite A
Scottsdale, AZ 85251

Desert Medical Federal Credit Union is headquartered in Scottsdale and is the 35th largest credit union in the state of Arizona. It is also the 4,263rd largest credit union in the nation. It was established in 1970 and as of June of 2016, it had grown to 2 employees and 2,108 members at 2 locations. Desert Medical Federal Credit Union has a C+ health rating.

Field of Membership Restrictions

Membership is open to employees of HonorHealth, Mayo Hospital or Mayo Clinic and the physicians and their staff who are affiliated with these organizations.
See current membership details


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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on assets can represent an instability risk beyond what their financial ratios indicate. Desert Medical Federal Credit Union has a very low asset base.

Health Grade Components

NCUA #20214
Year Chartered1970
Primary Regulator
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD7.55%
Annual Interest Income$191.00K
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$9.9MM$10.3MM
LoansQ2 2016vs Q2 2015$5.9MM$5.7MM
DepositsQ2 2016vs Q2 2015$8.9MM$9.3MM
Equity CapitalQ2 2016vs Q2 2015$954.00K$873.00K
Loan Loss AllowanceQ2 2016vs Q2 2015$70.00K$70.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$5.00K$0
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Desert Medical Federal Credit Union Savings Account Rates

0.10%*$10k*$20kShare Account
OTHER TIERS: 0.05% $25 - $10k

Desert Medical Federal Credit Union Locations
Branch Office9003 E Shea BlvdScottsdale, AZ 85260
Branch Office3604 N Wells Fargo Ave Suite AScottsdale, AZ 85251