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Desert Schools Federal Credit Union


Popular Accounts at this Credit Union

1.64%5-year CD5 Year Savings Certificate
0.60%1-year CD1 Year Savings Certificate

Overview / Commentary
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 June of 2017, it had grown to 937 employees and 317,969 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, 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need to open a bank account with them so I could get a further discount on my loan rate and have the bill automatically withdrawn from this account.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.

Avoid at all costs

Posted by: JeanneA | Feb 7, 2015

When the market crashed we approached them regarding a short sale, they were impossible to work with and the specific person in charge was a nightmare. We tried to do the right thing during a difficult time and are still paying the price for having done business with them. They don't care about the customer and since that time I continued to try to work with them, 7 years later they have the same approach land lack of customer service. I look forward to not having to do business with them again. There are far better alternatives, IE: PenFed for one.

Desert Schools

Posted by: jedi85 | May 30, 2011

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
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



Health Grade Components

NCUA #3238
Year Chartered1939
Primary Regulator
Profit Margin
Return on Assets - YTD1.56%
Return on Equity - YTD13.2%
Annual Interest Income$65.3MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$4.29B$4.00B
LoansQ2 2017vs Q2 2016$1.83B$1.65B
DepositsQ2 2017vs Q2 2016$3.68B$3.34B
Equity CapitalQ2 2017vs Q2 2016$505.6MM$458.6MM
Loan Loss AllowanceQ2 2017vs Q2 2016$18.2MM$17.7MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$11.3MM$7.7MM
Real Estate OwnedQ2 2017vs Q2 2016$5.1MM$5.7MM
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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

0.20%--IRA Savings
0.20%--Health Savings
0.05%$25-Membership Savings
0.05%--Holiday Savings

Desert Schools Federal Credit Union Money Market Rates

0.45%*$250k*-Money Market Account
OTHER TIERS: 0.10% $2k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k | 0.35% $100k - $250k

Desert Schools Federal Credit Union CD Rates

1.69%$100k-5 Year Jumbo Savings Certificate
1.64%$1k-5 Year Savings Certificate
1.44%$100k-4 Year Jumbo Savings Certificate
1.39%$1k-4 Year Savings Certificate
1.34%$100k-3 Year Jumbo Savings Certificate
1.29%$1k-3 Year Savings Certificate
1.09%$100k-2 Year Jumbo Savings Certificate
1.05%$1k-2 Year Savings Certificate
0.70%$100k-18 Month Jumbo Savings Certificate
0.65%$1k-18 Month Savings Certificate
0.65%$100k-1 Year Jumbo Savings Certificate
0.65%$1k-1 Year College Savings Certificate
0.60%$1k-1 Year Savings Certificate
0.45%$100k-6 Month Jumbo Savings Certificate
0.40%$1k-6 Month Savings Certificate

Desert Schools Federal Credit Union IRA Rates

1.69%$100k-5 Year Jumbo IRA Savings Certificate
1.64%$1k-5 Year IRA Savings Certificate
1.44%$100k-4 Year Jumbo IRA Savings Certificate
1.39%$1k-4 Year IRA Savings Certificate
1.34%$100k-3 Year Jumbo IRA Savings Certificate
1.29%$1k-3 Year IRA Savings Certificate
1.09%$100k-2 Year Jumbo IRA Savings Certificate
1.05%$1k-2 Year IRA Savings Certificate
0.70%$100k-18 Month Jumbo IRA Savings Certificate
0.65%$100k-1 Year Jumbo IRA Savings Certificate
0.65%$1k-18 Month IRA Savings Certificate
0.60%$1k-1 Year IRA Savings Certificate
0.45%$100k-6 Month Jumbo IRA Savings Certificate
0.40%$1k-6 Month IRA Savings Certificate