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DESERT FINANCIAL CREDIT UNION

PHOENIX, AZ · EIN 860096740 · Form 990 · FY2020 · Very Large (>$50M) · www.desertfinancial.com
revenue
$218.0M
expenses
$187.1M
net assets
$759.9M
employees
1,158
volunteers
16
mission · from form 990

AT DESERT FINANCIAL, RELATIONSHIPS DRIVE SUCCESS. WE SHARE OUR FINANCIAL SUCCESS BECAUSE WE BELIEVE IT'S THE RIGHT THING TO DO FOR OUR MEMBERS, OUR COMMUNITY AND OUR TEAM.

profile · synthesized from sources

Desert Financial Credit Union is a member-owned financial cooperative serving Arizona residents with banking, lending, and investment services. As a not-for-profit credit union, it emphasizes community reinvestment, financial education, and member benefits. The organization operates nearly 50 branches and contributes millions annually to local causes, aligning with its mission to improve financial well-being.

named programs · 3 · from sources

what they call their work

ASU Debit Card Program
Co-branded debit card initiative with Arizona State University allowing members to show school spirit while banking
Financial Wellness Workshops
Free educational workshops and resources designed to improve members' financial literacy and well-being
Relationship Rewards
Free program offering benefits and incentives to members who expand their financial relationship with Desert Financial
activities · 1 cluster

what they do

financials · form 990 · fy2020

the money

revenue
Total revenue$218.00M
Contributions & grants$00%
Program service revenue$163.61M75%
Investment income$46.22M21%
Other revenue$8.17M
expenses
Total expenses$187.11M
Program expenses—
Admin / overhead—
Fundraising—
Salaries & benefits$72.71M
Grants paid out$850K
Largest expense lineCompensation
balance sheet
Total assets$6.64B
Cash$558.86M
Investments$3.47B
Liabilities$5.88B
Net assets$759.85M
Liquid reserves258.7 mo
1 years on record · 2020–2020
leadership · form 990 part vii · fy2020

who runs it

paid leadership · 11
NameTitleHours/wkCompensation
JEFFREY D MESHEY CEO 40 $560K
JEFFREY S BUTLER CEO-SWITCHTHINK SOLUTIONS 1 $365K
RONDLE K AMSTUTZ EXECUTIVE VP 40 $295K
CATHLEEN GRAHAM EXECUTIVE VP 40 $263K
PAUL WINTERMANTEL FINANCIAL ADVISOR II 40 $254K
GARY SNEED SVP CHIEF LENDING OFFICER 40 $235K
STEPHEN H JORDAN SVP CHIEF FINANCIAL OFFICER 40 $229K
PARKER RONALD H CHIEF OPS OFC-ST 40 $202K
SARA K REGAN SVP RISK & GEN COUNSEL 40 $200K
JACKIE L BIGGS JR VP, FINANCE 40 $191K
THOMAS MARLOWE SVP BACK OFFICE OPS 40 $189K
board members · 9
  • CHRIS MINER — DIRECTOR
  • CLAUDETTE GRONSKI — DIRECTOR
  • JANET BIOLETTO — VICE CHAIRPERSON
  • JEFFREY SMITH — SECRETARY
  • KEVIN HASKEW — DIRECTOR
  • LAURA WATSON — CHAIRPERSON
  • MATTHEW FEHLING — DIRECTOR
  • MICHAEL KONEN — TREASURER
  • RICHARD JOHNSON — DIRECTOR
relationships · 1

who they work with

  • ASU Partner — Official retail banking partner of ASU, offering co-branded ASU debit cards.