Featured Savings Rates
Featured Accounts

Desert Schools Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
1.60%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 39th largest credit union in the nation. It was established in 1939 and as of March of 2016, it had grown to 947 employees and 313,686 members at 46 locations. Desert Schools Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership is open to those who live, work, worship or attend school in Gila, Maricopa or Pinal Counties or immediate family of existing members.
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 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.

Desert Schools is Great!

Posted by: MrsT | Jan 1, 2015

I have banked with Desert Schools for about 17 years--I joined just after I became a teacher because, at the time anyway, it was only open to educators. Now, though, DSFCU is open to anyone I gather.

I have found that the credit union has been consistently excellent in service both in person and over the phone. Their website is easy to use, secure, and constantly available (that is, rarely down).

The one negative I would say is that their mobile app is a little hinky--when I try to deposit a check via my phone it doesn't always work. I think that is because their app doesn't allow me to take a picture of a larger than normal check. Thus, I have to go to the physical bank which I do not like to do. Other than that, I would highly recommend DSFCU to anyone needing a credit union!

Awful Service

Posted by: DMAlllen | Jun 29, 2015

I've tried to work with this bank, but they seem to be dead set on charging fees for everything. My main bank is BofA and I'm moving everything there today. I work at Maricopa CC and I've heard similar stories from fellow faculty who refuse to bank with them. For one, I took out a low interest auto loan. I typically pay double what is due so to pay it off early. Today they phoned and said I was 14 days late and needed to come in to pay a $28 fee. WHAT!? I went in and explained I pay double so what gives---a snarky young girl said I must be 3 months ahead in payments only or face fees or be turned into a credit agency. Since Jan 2015 I'd paid about $1500 when I owed about half that. Wow. I'm done with them as they are Fee Monsters!
In other states CU were nicer and worked with customers. I should have listened to my co-workers and avoided it. In the next few weeks I will remove all accounts and be done with them.

VIEW MORE REVIEWS

Health
A+

Health Grade Components

Overall
NCUA #3238
Year Chartered1939
Employees947
Primary Regulator
Profit Margin
Return on Assets - YTD1.72%
Return on Equity - YTD15.4%
Annual Interest Income$27.4MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$3.99B$3.75B
LoansQ1 2016vs Q1 2015$1.60B$1.37B
DepositsQ1 2016vs Q1 2015$3.30B$3.08B
Equity CapitalQ1 2016vs Q1 2015$438.2MM$390.1MM
Loan Loss AllowanceQ1 2016vs Q1 2015$18.5MM$24.3MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$6.6MM$6.1MM
Real Estate OwnedQ1 2016vs Q1 2015$5.0MM$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
1.60%$1k-5 Year Savings Certificate
1.60%$100k-5 Year Jumbo Savings Certificate
1.35%$1k-4 Year Savings Certificate
1.35%$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
1.60%$100k-5 Year Jumbo IRA Savings Certificate
1.60%$1k-5 Year IRA Savings Certificate
1.35%$100k-4 Year Jumbo IRA Savings Certificate
1.35%$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 46 locations. Click to view all Desert Schools Federal Credit Union locations.