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 Jumbo 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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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!

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.

Good overall customer service

Posted by: Joe2 | Oct 8, 2014

Desert Schools is well known for experienced services and a friendly smile. All the basics are here for a good customer experience. Thanks for going the extra mile.

A Decent Bank for Anyone.

There is a minimal membership fee of $25 that does not make you break bank. It was easy to set up a checking account with this bank, anytime I had a situation regarding my checking account they were there to help find a solution. The fact that we can get free ATM rebates helps justify the trips I make to and from the bank. The incentives are good and the fact that they have the capability to waive certain fees does really help out in the long run. The overdraft protection is one of the admirable things I respect about this credit union. Along with the mobile banking option, depositing checks is easier than before, no more long trips if I know I cant make it on time to the bank.

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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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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

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
1.35%$1k-5 Year Savings Certificate
1.35%$100k-5 Year Jumbo Savings Certificate
1.25%$1k-4 Year Savings Certificate
1.25%$100k-4 Year Jumbo Savings Certificate
1.15%$1k-3 Year Savings Certificate
1.15%$100k-3 Year Jumbo Savings Certificate
1.00%$1k-2 Year Savings Certificate
1.00%$100k-2 Year Jumbo 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
1.35%$100k-5 Year Jumbo IRA Savings Certificate
1.35%$1k-5 Year IRA Savings Certificate
1.25%$100k-4 Year Jumbo IRA Savings Certificate
1.25%$1k-4 Year IRA Savings Certificate
1.15%$100k-3 Year Jumbo IRA Savings Certificate
1.15%$1k-3 Year IRA Savings Certificate
1.00%$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.