Desert Schools Federal Credit Union · Phoenix, AZ United States
Company Description
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This link will open in a new window One of the largest credit unions in Arizona, Desert Schools Federal Credit Union operates about 60 branch locations in the Phoenix area, serving more than 325,000 members. Established in 1939 by a group of 15 teachers, the credit union offers banking products and services, including checking and savings accounts, IRAs, and CDs; it also provides online banking services. Subsidiary Desert Schools Financial Services sells insurance products and investment services. Membership is available to any individual living, working, or attending church or school in Gila, Maricopa, and Pinal counties. To read the full description, subscribe now.
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Key Desert Schools Federal Credit Union Financials
| Company Type | Private - Not-for-Profit Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $238.5 |
| 2007 Employees | 1,300 |
Desert Schools Federal Credit Union Executives
10 executives listed for Desert Schools Federal Credit Union's Phoenix, AZ location.
| Title | Name & Bio | Contact |
| Chairman | Claudette Gronksi | Network |
| Vice Chairman | Mary Pat Garry | Network |
| President and CEO | Susan Frank | Network |
Competition
Competitive Landscape for Desert Schools Federal Credit Union
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Desert Schools Federal Credit Union Competitors
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