Featured Savings Rates
Featured Accounts

Desert Schools Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.35%5-year CD5 Year Savings Certificate
0.35%1-year CD1 Year Savings Certificate
0.05%SavingsSavings

Overview / Commentary
602-433-7000
148 N 48th St
Phoenix, AZ 85034

Desert Schools Federal Credit Union is headquartered in Phoenix and is the largest credit union in the state of Arizona. It is also the 38th largest credit union in the nation. It was established in 1939 and as of June of 2016, it had grown to 934 employees and 315,793 members at 48 locations. Desert Schools Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, attend school or worship in Gila, Maricopa or Pinal Counties or immediate family of those eligible.
See current membership details

Related Posts

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Super Nice and Helped Me Out!

Posted by: JackieL. | Jul 25, 2014

About 2 years ago, I called Desert Schools Credit Union to apply for a car loan. I had just "OK" credit and wasn't sure I would get approved for any car. A friend of mine told me that Desert Schools is the best. I had thought that you needed to be a student or already have a bank account with them to be accepted, but I was advised that is not the case. So, I got their phone number from the website and gave them a call. The lady who helped me was extremely nice and made me feel important. The process was painless (even though I was scared I would be declined a loan). She gathered my information and was just as excited for me as I was for myself. I could tell that she really enjoyed helping people get loans. I told her that I was hoping to get this awesome Mercedes Benz that I found from a private seller and wanted to see if I could get a loan before I wasted the owners time even test driving. The car was about 3 years old at the time with only 23,000 miles on it, but again I was worried that my credit score would make me ineligible for a loan. She put me on hold to see if I could get approved. I was biting my nails in anticipation, but the wait wasn't very long. She came back on the phone and cheerfully told me that I was approved and to go test drive it! I could not believe it! She gave me a number to get back to her and secure the loan. I would also need to open a bank account with them so I could get a further discount on my loan rate and have the bill automatically withdrawn from this account. While I did not end up purchasing that car and using Desert Schools, I wouldn't hesitate for a second to call them again when I buy my next car. Heck, maybe I will call them on Monday and see if they'll refinance my car! If anything, they gave me the confidence I needed to walk into a dealership and get a great deal.

Good Experience Overall

I have a checking account and savings account at Desert Schools Credit Union. Opening the accounts was very easy, and it only took about 30 minutes to open them. The staff was very nice and helpful. For the checking account you had to spend at least $15 each month or else you had to pay a fee. This was a little strange and sometimes we forgot to use the account and had to buy $15 worth of stuff just to avoid the fee. The only problem is the app. The app is not very easy to use, and it was a big ordeal just checking the amount of money that we had in each account. It's better to not use the app at all and just use the website on a desktop computer. Overall we are having a great experience as customers at this credit union, just the app is not as good as expected.

Desert Schools makes my day!

Every time I start to research something I need, I find out Desert Schools probably offers the service.

I've been able to consult with Will and Trust attorneys, Retirement planning advisers, car and home insurance agents, all in addition to my regular banker. And all for free.

Always helpful and knowledgeable, without nickle and dime-ing me in fees!

Desert Schools, the best ever

Desert Schools is a great Credit Union to work with. I have banked with them for around 10 years and have never had an issue with them. If ever I have a question, they are quick to want to help so I'm left feeling confident in them. It is the kind of place where they remember your name and seem sincerely interested in helping you with all of your banking needs. Lately, I have used their online check cashing and have been happy with this new service. They have a great online app and website that makes banking easy day or night from home or while I'm out. I'd highly recommend Desert Schools to anyone looking for a bank that is reliable and customer friendly.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
NCUA #3238
Year Chartered1939
Employees934
Primary Regulator
Profit Margin
Return on Assets - YTD1.58%
Return on Equity - YTD13.72%
Annual Interest Income$55.9MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$4.00B$3.76B
LoansQ2 2016vs Q2 2015$1.65B$1.46B
DepositsQ2 2016vs Q2 2015$3.34B$3.09B
Equity CapitalQ2 2016vs Q2 2015$458.6MM$391.6MM
Loan Loss AllowanceQ2 2016vs Q2 2015$17.7MM$23.6MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$7.7MM$5.2MM
Real Estate OwnedQ2 2016vs Q2 2015$5.7MM$6.3MM
Rates
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Desert Schools Federal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.20%--IRA Savings
0.20%--Health Savings
0.05%$25-Membership Savings
0.05%--Holiday Savings
0.05%--Savings

Desert Schools Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.25%*$100k*-Money Market Account
OTHER TIERS: 0.10% $2k - $25k | 0.15% $25k - $50k | 0.20% $50k - $100k

Desert Schools Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$100k-5 Year Jumbo Savings Certificate
1.35%$1k-5 Year Savings Certificate
1.30%$100k-4 Year Jumbo Savings Certificate
1.25%$1k-4 Year Savings Certificate
1.20%$100k-3 Year Jumbo Savings Certificate
1.15%$1k-3 Year Savings Certificate
1.04%$100k-2 Year Jumbo Savings Certificate
1.00%$1k-2 Year Savings Certificate
0.55%$100k-18 Month Jumbo Savings Certificate
0.50%$1k-18 Month Savings Certificate
0.40%$100k-1 Year Jumbo Savings Certificate
0.40%$1k-1 Year College Savings Certificate
0.35%$1k-1 Year Savings Certificate
0.30%$100k-6 Month Jumbo Savings Certificate
0.25%$1k-6 Month Savings Certificate

Desert Schools Federal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.40%$100k-5 Year Jumbo IRA Savings Certificate
1.35%$1k-5 Year IRA Savings Certificate
1.30%$100k-4 Year Jumbo IRA Savings Certificate
1.25%$1k-4 Year IRA Savings Certificate
1.20%$100k-3 Year Jumbo IRA Savings Certificate
1.15%$1k-3 Year IRA Savings Certificate
1.04%$100k-2 Year Jumbo IRA Savings Certificate
1.00%$1k-2 Year IRA Savings Certificate
0.55%$100k-18 Month Jumbo IRA Savings Certificate
0.50%$1k-18 Month IRA Savings Certificate
0.40%$100k-1 Year Jumbo IRA Savings Certificate
0.35%$1k-1 Year IRA Savings Certificate
0.30%$100k-6 Month Jumbo IRA Savings Certificate
0.25%$1k-6 Month IRA Savings Certificate
Locations

Desert Schools Federal Credit Union has 48 locations. Click to view all Desert Schools Federal Credit Union locations.