Desert Financial Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 860096740 ✦ Phoenix, AZ ✦ Designated as a 501(c)(14)

Overview

What is Desert Financial Credit Union?

Desert Financial Credit Union, based in Phoenix, Arizona, is a nonprofit financial institution with a strong emphasis on relationships and community. With a team of over 1,200 employees, the credit union generates income from its membership and the investment of their funds, which supports its mission to provide essential services to its restricted membership. Desert Financial values sharing financial success with its members, the community, and its team.


Official website here: www.desertfinancial.com

Is Desert Financial Credit Union legitimate?

Desert Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Desert Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $6,309,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $101,265,484

For more financial information, click here


Official website here: www.desertfinancial.com

What is the mission statement of Desert Financial Credit Union?

Desert Financial Credit Union prioritizes relationships as the driving force behind their success. They believe in sharing their financial success with members, the community, and their team. The credit union's income comes from membership and the investment of members' funds, serving as the foundation for the organization to provide services to its restricted membership. The belief in giving back is deeply ingrained in Desert Financial Credit Union's philosophy. By focusing on relationships, they strive to make a positive impact on the lives of their members.


Official website here: www.desertfinancial.com

Who is the CEO of Desert Financial Credit Union?

Jeffrey D Meshey is the Ceo of Desert Financial Credit Union. The CEO's salary of Desert Financial Credit Union is $924,548 and their total compensation is $959,088.


Official website here: www.desertfinancial.com

What is the revenue of Desert Financial Credit Union?

Desert Financial Credit Union's revenue in 2022 was $376,561,824.


Official website here: www.desertfinancial.com

Who are the executives of Desert Financial Credit Union and what are their salaries?

The average compensation at Desert Financial Credit Union during 2022 was $84,705. There are 1,270 employees and 16 volunteers at Desert Financial Credit Union.

Here are 20 key members and their salaries (Desert Financial Credit Union's CEO's salary is $924,548 and their total compensation is $959,088):

    Jeffrey D Meshey (Ceo)
  • Compensation: $1,874,940
  • Related: $0
  • Other: $590,180

    • Jeffrey S Butler (Ceo-Switchthink Solutions)
  • Compensation: $924,548
  • Related: $0
  • Other: $34,540

    • Cathleen Graham (Executive Vp)
  • Compensation: $768,149
  • Related: $0
  • Other: $101,962

    • Rondle K Amstutz (Executive Vp)
  • Compensation: $805,579
  • Related: $0
  • Other: $41,086

    • Gary Sneed (Svp Chief Lending Officer)
  • Compensation: $607,853
  • Related: $0
  • Other: $31,672

    • Stephen Jordan (Chief Revenue Officer)
  • Compensation: $614,679
  • Related: $0
  • Other: $24,582

    • Sara K Regan (Svp Risk & Gen Counsel)
  • Compensation: $501,303
  • Related: $0
  • Other: $34,323

    • Jackie L Biggs Jr (Svp Cfo)
  • Compensation: $503,999
  • Related: $0
  • Other: $24,975

    • Thomas Marlowe (Svp Back Office Ops)
  • Compensation: $481,554
  • Related: $0
  • Other: $23,989

    • Laura Wallace (Chief Engage Officer)
  • Compensation: $395,708
  • Related: $0
  • Other: $30,010

    • Carie L Galati (Svp Chief Hr Officer)
  • Compensation: $376,217
  • Related: $0
  • Other: $38,316

    • Laura Watson (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Claudette Gronski (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Janet Bioletto (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carrie Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Miner (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matthew Fehling (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Smith (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Richard Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Haskew (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.desertfinancial.com

    Where can I find the form 990 for Desert Financial Credit Union?

    The Desert Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.desertfinancial.com

    Learn more at the official website: www.desertfinancial.com

    Mission Statement of Desert Financial Credit Union

    Desert Financial Credit Union, with its member-driven mission, is deeply committed to fostering successful relationships. Believing that sharing financial success is the right thing to do for its members, the community, and its team, the credit union utilizes income from its membership and the investment of members' funds as the foundation for its operations and services.

    At the heart of Desert Financial Credit Union lies a strong belief in the power of relationships. This belief is not only reflected in the credit union's interactions with its members but also in its dedication to giving back to the community and nurturing its team. In essence, the credit union's mission is to create a thriving network of relationships that contribute to the overall success of its members and the community at large.

    The income generated from the credit union's membership and the strategic investment of members' funds serve as the cornerstone for Desert Financial Credit Union to provide essential services and support to its restricted membership. By focusing on the importance of relationships, the credit union is able to make a positive impact on the lives of its members and the community, going beyond just financial transactions.

    Impact

    This information is meant to be a general summary of Desert Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Desert Financial Credit Union's impact is evident in its commitment to fostering strong relationships that drive success. By sharing its financial success, Desert Financial Credit Union not only benefits its members but also positively impacts the community and its team. The organization's focus on building relationships and sharing financial prosperity demonstrates a commitment to doing what is right for its members and the community. This approach not only strengthens the credit union but also contributes to the overall well-being of its members and the community in Phoenix, AZ.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $111,341,943
  • Program Service Revenue: $251,917,754
  • Gross Receipts: $382,303,067

    • Assets and Liabilities:
  • Total Assets: $8,192,281,897
  • Total Liabilities: $7,723,734,301
  • Net Assets: $468,547,596
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN & LEASE INCOME

    Revenue

    $129,796,032

    FEES & OTHER OPERATING

    Revenue

    $115,582,583

    PROFESSIONAL, SCIENTIF

    Revenue

    $4,531,254

    FINANCE & INSURANCE

    Revenue

    $2,007,885

    Organization Details

    Founding Year

    1939

    Principal Officer

    Jeffrey D Meshey

    Main Address

    148 NORTH 48TH STREET, PHOENIX, AZ, 85034

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Desert Financial Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.