The Desert Financial Credit Union is a financial institution based out of Phoenix, Arizona that offers loans and other financial services to people all across the state. They offer 47 branches as well as service centers that are located in several counties throughout the state of Arizona. Among the things that they have to offer are credit cards, savings accounts, certificate of deposit, and loans.
Savings account
Desert Financial offers a variety of financial services, including savings and checking accounts. You can open one with no minimum balance, no monthly service fee, and no minimum age requirement. They also have a mobile app which allows you to view and deposit checks, as well as manage your accounts.
The company has a plethora of benefits to offer, including the Holiday Savings account which can help you catch up on your holiday shopping. It may even qualify you for Direct Deposit. This is a great way to reduce your stress levels during the busy season.
Other features include the ability to make deposits online and via debit card, and the ability to receive paychecks automatically. If you don't have a Desert Financial checking account, you can open one with a $25 initial deposit. Once you have your money, you can use it to pay for health related expenses, buy a home, or even cover items that have been returned.
Desert Financial's holiday savings account is a great way to reduce your stress during the busy shopping season. If you are a parent, it can help you to build your child's financial foundation. Teaching them to budget and save can help them to succeed in life. tastyworks review
A high-interest checking account is a good idea for those who often withdraw money. While many financial institutions charge a monthly service fee, some waive it for those who make regular direct deposits. For those who need a little more money in their bank accounts, a savings certificate or money market account can offer a better interest rate. However, check with your financial institution before making any large purchases.
Certificate of deposit
Desert Financial Credit Union provides traditional banking products and services as well as health savings accounts, loans, mortgages, and more. The institution is federally insured, making it a great option for those who need to keep their money safe. If you're looking to take advantage of this credit union's competitive rates, you should start by opening a membership savings account. This type of account comes with no monthly maintenance fees.
While Desert Financial does not offer an interest-bearing checking account, you can still make deposits and withdrawals. In addition, you can earn extra cash by signing up for the Relationship Rewards Program. You'll get discounts on certain products and services, including low rates on loans.
Unlike traditional banks, you won't need to pay an ATM fee when you're a member at Desert Financial. This makes it easy to access your funds whenever you need them. Moreover, you'll be able to get an unlimited number of transactions at the counter. Additionally, if you don't have a Visa, you can get one linked to your account.
In addition to its traditional services, Desert Financial offers health savings accounts and retirement planning. These accounts are aimed at helping members invest in their health. Those who have a high-deductible health plan can also take advantage of pretax payroll deductions.
Another benefit of Desert Financial's CDs is that they are federally insured, which means that your deposits are protected up to $250,000 per share owner. Also, you have a 10-day grace period that starts the day after the maturity date. It's a good idea to check with the institution before transferring funds.
Desert Financial is a statewide credit union with branches in Arizona. The institution has more than 335,000 members, making it one of the largest credit unions in the state.
Loans
A Signature Loan from Desert Financial is an ideal way to manage an emergency or a special event. Not only is there no application fee, you can enjoy a competitive fixed rate. There's also no prepayment penalty. If you have a dream wedding or a large vacation in the works, a Signature Loan could be the solution for you.
A Business Line of Credit (LOC) is also an effective tool for extending your cash flow and acquiring inventory. The business model is relatively simple, but you'll need a solid credit score and cash flow to qualify. Whether you're starting a new venture, looking to expand, or buying inventory, you'll have no problem getting the funding you need.
For the uninitiated, a signature loan is a small loan that gives you a fixed amount to borrow over a set period of time. It can also be used to finance an acquisition, improve your home, and other important life milestones. However, it's not the only way to get a fixed rate loan. Other lenders offer similar services, but may charge more in the long run.
While a Signature Loan is a great way to finance an event, you might want to consider a personal line of credit (PLOC) if you're interested in borrowing a larger sum. PLOCs are not a one-size-fits-all, and their interest rates will vary by lender. As such, it's important to shop around before signing on the dotted line.
As with any loan, the best strategy is to evaluate your needs and find the best option. When you do, you'll be sure to see the biggest payoff. With a personal line of credit, you can easily access the funds you need, and you don't have to worry about paying off the balance in full.
Credit cards
Desert Financial Credit Union offers a full range of products for members, including credit cards and loans. The credit union has been serving the needs of Arizonans for 80 years. Their headquarters are located in Phoenix.
There are four cards offered by the credit union. These are the Desert Financial Visa card, the Desert Financial Visa Rewards Card, the Desert Financial Visa shopper's card and the Desert Financial Money market account.
The Desert Financial Visa shopper's card is an introductory APR product that will save you money. It offers benefits such as travel assistance, extended warranty coverage and an auto rental collision damage waiver. You can get the card in person or online.
The Desert Financial shopper's card also comes with a money market account, which allows you to make checks and pay your bills. With the shopper's card, you can earn a 0.15% APY. For a savings account, you'll be paying a minimum of $25.
The desert financial credit union also offers mortgages, loans and wealth planning. In addition, you can do your banking via their free counter transactions or their online banking system. This is an excellent option for anyone who is looking for an alternative to traditional banking.
Another way to take advantage of Desert Financial's offerings is to sign up for their Relationship Rewards Program. This program gives you points for doing various things, such as spending on your credit card, making purchases at the counter and obtaining discounts at various retailers. You can then redeem your points for discounts or lower interest rates on your loans.
If you're looking for the best credit card options in Arizona, consider joining Desert Financial Credit Union. They have a few branded cards that offer competitive rates and features not available at other major banks.
Community giving
Desert Financial is a credit union with a mission to help members manage their personal finances and give back to the community. The company has over 360,000 members in 50 branches in Arizona. It provides financial literacy tools and resources as well as grants to nonprofit organizations in the area.
One program that the credit union supports is the Health First Foundation, which focuses on health care and prevention. In the last decade, the credit union has provided more than $1 million in grants. These grants are given to organizations that support health, education, human services, hunger, and housing.
The International Rescue Committee has a five-year partnership with the credit union and offers programs to help new Americans become financially independent. They provide basic financial literacy, access to capital, and sustainable employment opportunities. This includes job readiness classes, resume writing and financial coaching, as well as bus passes and professional clothing.
The credit union also hosts charity fundraisers and encourages employees to volunteer. Some of the most recent events included a Lucky 7 raffle and National Puppy Day.
Desert Financial's employees also participated in a recent telethon for Phoenix Children's Hospital (PCH) and ABC15. This telethon featured touching stories of children and celebrities. PCH received $10,000.
Another program that the credit union supports is the Employment Heals Communities Outreach project, which helps homeless individuals find jobs and address social needs. The project provides job search assistance, individual and group job training, and mentoring for young adults.
In 2021, the Desert Financial Credit Union team volunteered 12,000 hours. Nearly 2,700 people attended their workshops. As a result, the credit union donated $137,500 to 12 Arizona-based nonprofits.