2025-11-05T11:01:31-06:00 2024-12-31 994260840 DOEREN MAYHEW 8785 SW 165TH AVENUE SUITE 303 MIAMI FL 33193 990 2024-01-01 860096740 DESERT FINANCIAL CREDIT UNION DESE 6024337000 148 NORTH 48TH STREET PHOENIX AZ 85034 JACKIE L BIGGS JR EXECUTIVE VP CFO 6024337000 2025-11-05 1 0 AUBREY CLEGG P01076395 3052328272 2025-10-21 2024 2025-03-06 01:10:19Z JEFFREY D MESHEY 148 NORTH 48TH STREET PHOENIX AZ 85034 566558069 0 X WWW.DESERTFINANCIAL.COM X 1939 AZ 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. 9 9 1592 11 12253635 0 0 0 326626922 372871667 106694825 131349264 20983931 24967541 454305678 529188472 1903156 2343410 0 0 134865981 145949641 0 0 0 232242123 308678313 369011260 456971364 85294418 72217108 8710563794 8783626770 8100080069 8097996341 610483725 685630429 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. 0 0 INCOME FROM THE CREDIT UNION MEMBERSHIP AND FROM THE INVESTMENT OF MEMBERS' FUNDS PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED MEMBERSHIP. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 1 242438 0 1 1592 1 1 1 0 0 0 0 0 1 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X DESERT FINANCIAL CREDIT UNION 6024337000 148 NORTH 48TH STREET PHOENIX AZ 85034 KEVIN HASKEW CHAIRPERSON 1.00 X 52109 0 0 JEFFREY SMITH DIRECTOR 1.00 X 47910 0 0 LAURA WATSON TREASURER 1.00 X 43653 0 0 JANET BIOLETTO SECRETARY 1.00 X 43288 0 0 MATTHEW FEHLING DIRECTOR 1.00 X 30742 0 0 CLAUDETTE GRONSKI DIRECTOR 1.00 X 0 0 0 RICHARD JOHNSON DIRECTOR 1.00 X 30888 0 0 CHRISTOPHER MINER VICE CHAIRPERSON 1.00 X 48566 0 0 CARRIE YOUNG DIRECTOR 1.00 X 34000 0 0 DONNA FAGAN DIRECTOR 1.00 X 31333 0 0 DAVID HAWKINS DIRECTOR 1.00 X 17299 0 0 JEFFREY D MESHEY CEO 40.00 X 2279550 0 58674 JACKIE L BIGGS JR EXECUTIVE VP CFO 40.00 X 794557 0 41906 RONDLE K AMSTUTZ EXECUTIVE VP 40.00 X 989172 0 53664 CATHLEEN GRAHAM EXECUTIVE VPS 40.00 X 1018134 0 21278 ANDREA MOSHER CHIEF LENDING OFFICER 40.00 X 493155 0 57219 JEFFREY S BUTLER CEO - SWITCHTHINK SOLUTIONS 1.00 40.00 X 0 1038365 52464 LAURA WALLACE SVP CHIEF ENGAGE OFFICER 40.00 X 554393 0 38098 RONALD H PARKER COO - SWITCHTHINK SOLUTIONS 1.00 40.00 X 0 572138 28889 THOMAS MARLOWE SVP OPERATIONS 40.00 X 558894 0 40843 PAUL WINTERMANTEL FINANCIAL ADVISOR II 40.00 X 802142 0 43016 7869785 1610503 436051 340 0 1 0 FISERV INC PO BOX 20845 DALLAS TX 75320 ATM & BILLPAY 7732252 ANDERSON MOSS LLC DBA ANDERSON ADVERTIS 5800 EAST THOMAS RD 100 SCOTTSDALE AZ 85251 MARKETING 4716354 ALKAMI TECHNOLOGY INC DEPT 2223 PO BOX 122223 DALLAS TX 75312 DIGITAL BANKING PLATFORM 2940343 TEPCON CONSTRUCTION INC 2113 E RIO SALADO PKWY TEMPE AZ 85288 COMMERCIAL GENERAL CONTRACTOR 2738073 ARIZONA STATE UNIVERSITY 1551 S RURAL RD TEMPE AZ 85281 PARTNERSHIP, ROYALTIES, RENT 2645243 140 LOAN & LEASE INCOME 522100 246574839 246574839 FEES & OTHER OPERATING INCOME 522100 114043193 114043193 PROFESSIONAL, SCIENTIFIC, AND TEC 540000 10340525 10340525 FINANCE & INSURANCE 520000 1913110 1913110 372871667 123536151 123536151 1193782 1216446 -22664 -22664 -22664 36318784 7647480 33529784 2623367 2789000 5024113 7813113 5024113 2789000 OTHER OPERATING INCOME 522100 24990205 24990205 24990205 529188472 390609686 12253635 126325151 X 2343410 6187097 119725392 7687776 3826304 8523072 909177 555239 6371264 24413696 5590800 9325529 6262456 1238037 1245083 172405932 538400 8420760 15378156 DEBIT CARD/ATM 17791583 PROVISION FOR LOAN LOSS 16682647 REPAIRS & MAINTENANCE 14021749 FRAUD LOSSES 3459434 4068371 456971364 25973370 44676970 643657050 411410360 5187979 5365153 66871083 99589211 3980283976 4280149296 10550125 11887362 167363416 107479583 62080668 59883833 3572903811 3589641708 73834813 62960912 269220919 218061965 8710563794 8783626770 193455279 131745355 600000000 7306624790 7966250986 8100080069 8097996341 X 0 0 0 0 610483725 685630429 610483725 685630429 8710563794 8783626770 X 72217108 2293138 636458 X X 0 1 X 1 0 16868847 16868847 63342437 37027602 26314835 14328645 10381384 3947261 67756682 56895239 10861443 5066805 3175358 1891447 59883833 MEMBER SHARES 7963194519 POST-RETIREMENT HEALTHCARE LIABILITY 3056467 7966250986 X 530404918 0 530404918 -1216446 -1216446 529188472 458187810 1216446 1216446 456971364 0 456971364 PART X, LINE 2: THE CREDIT UNION IS EXEMPT FROM MOST FEDERAL, STATE AND LOCAL INCOME TAXES UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE (IRC) AND STATE TAX LAWS. HOWEVER, IRC SECTION 511 IMPOSES A TAX ON THE UNRELATED BUSINESS INCOME DERIVED BY STATE-CHARTERED CREDIT UNIONS. GENERALLY, THESE TAXES ARE INSIGNIFICANT TO THE CREDIT UNION. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENT EXPENSE INCURRED IN GENERATING RENTAL REVENUE IS REPORTED AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS BUT AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF REVENUE IN FORM 990. -1,216,446. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENT EXPENSE INCURRED IN GENERATING RENTAL REVENUE IS REPORTED AS AN EXPENSE IN THE AUDITED FINANCIAL STATEMENTS BUT AS A REDUCTION OF RENTAL REVENUE IN THE STATEMENT OF REVENUE IN FORM 990. 1,216,446. 1 A NEW LEAF 2245 W ELLA STREET MESA AZ 85201 860256667 501(C)(3) 94532 0 GRANT, BOARD SERVICE DONATION, DOLLARS FOR DOERS INCENTIVE PROGRAM AMERICAN HEART ASSOCIATION 1910 W UNIVERSITY DR STE 205 TEMPE AZ 85281 135613797 501(C)(3) 91967 0 BOARD SERVICE DONATION, DONATION, EVENT SPONSORSHIP, FUNDRAISING MATCH ARIZONA EDUCATIONAL FOUNDATION 2100 N CENTRAL AVE 212 PHOENIX AZ 85004 942937109 501(C)(3) 75190 0 EVENT SPONSORSHIP, DOLLARS FOR DOERS INCENTIVE PROGRAM ARIZONA HUMANE SOCIETY 1521 W DOBBINS RD PHOENIX AZ 85041 860135567 501(C)(3) 7810 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, YEARS OF SERVICE INCENTIVE PROGRAM ASIS INTERNATIONAL 3104 E CAMELBACK RD 560 PHOENIX AZ 850164502 530234507 501(C)(3) 10000 0 ANNUAL SPONSORSHIP ASSISTANCE LEAGUE OF PHOENIX 9224 N 5TH STREET PHOENIX AZ 85020 860193883 501(C)(3) 40620 0 EVENT SPONSORSHIP, DONATION, DOLLARS FOR DOERS INCENTIVE PROGRAM ASU FOUNDATION 300 E UNIVERSITY DR TEMPE AZ 85281 866051042 501(C)(3) 42500 0 BOARD SERVICE DONATION, EVENT SPONSORSHIP, YEARS OF SERVICE INCENTIVE PROGRAM BETTER BUSINESS BUREAU OF CENTRAL NORTHERN ARIZONA 1010 E MISSOURI AVE PHOENIX AZ 85014 860006552 501(C)(3) 25000 0 BOARD SERVICE DONATION TO KIVA PHOENIX HUB BIG BROTHERS BIG SISTERS OF CENTRAL ARIZONA 4745 N 7TH ST 210 PHOENIX AZ 85014 860205254 501(C)(3) 5040 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP BILLY'S PLACE 21448 N 75TH AVE SUITE 5 GLENDALE AZ 85308 461308048 501(C)(3) 56745 0 GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHILP BOYS & GIRLS CLUB OF CENTRAL ARIZONA 335 EAST AUBREY ST PRESCOTT AZ 86303 860964489 501(C)(3) 23520 0 GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM BOYS & GIRLS CLUB OF GREATER SCOTTSDALE 10533 E LAKEVIEW DR SCOTTSDALE AZ 85258 861033718 501(C)(3) 48505 0 GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP BOYS & GIRLS CLUB OF THE VALLEY 4301 E BELLEVIEW ST BUILDING 14 PHOENIX AZ 85008 860550646 501(C)(3) 38848 0 GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP, YEARS OF SERVICE INCENTIVE PROGRAM CANDELEN 8222 S 48TH ST 120 PHOENIX AZ 85044 860332919 501(C)(3) 23500 0 GRANT, BOARD SERVICE DONATION, DOLLARS FOR DOERS INCENTIVE PROGRAM CATHOLIC CHARITIES COMMUNITY SERVICES INC 434 W GURLEY STREET PRESCOTT AZ 86301 860223999 501(C)(3) 23585 0 GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM CHILDREN'S MUSEUM OF PHOENIX 215 N SEVENTH STREET PHOENIX AZ 85034 860934323 501(C)(3) 16535 0 GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM DESERT FINANCIAL FOUNDATION 148 N 48TH ST PHOENIX AZ 85034 811028132 501(C)(3) 278251 114324 FAIR MARKET VALUE GREENS FEES AND FOOD FOR GOLF OUTING; EVENT TICKETS AND RAFFLE PRIZES EVENT SPONSORSHIP, SCHOLARSHIPS, WORKPLACE GIVING MATCH DIOCESAN COUNCIL FOR THE SOCIETY OF ST VINCENT DE PAUL 420 W WATKINS ROAD PHOENIX AZ 85003 860096789 501(C)(3) 89000 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, DONATION, GRANT, WORKPLACE GIVING MATCH, FLAGSTAFF FAMILY FOOD CENTER 1903 N 2ND ST FLAGSTAFF AZ 86004 860754044 501(C)(3) 25110 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION FREE ARTS OF ARIZONA 352 E CAMELBACK RD PHOENIX AZ 85012 860739613 501(C)(3) 59703 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP, GRANT, WORKPLACE GIVING MATCH FUTURE FOR KIDS 1425 W SOUTHERN AVE 10A TEMPE AZ 85282 861011434 501(C)(3) 16100 0 GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM H A L O 3227 E BELL RD STE D151 PHOENIX AZ 85032 860832160 501(C)(3) 5355 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, YEARS OF SERVICE INCENTIVE PROGRAM HELPING HANDS FOR FREEDOM 326 E CORONADO RD 103 PHOENIX AZ 85004 263084550 501(C)(3) 15165 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION HOUSE OF REFUGE 6935 EAST WILLIAMS FIELD ROAD MESA AZ 85212 860662244 501(C)(3) 11890 0 EVENT SPONSORSHIP, DOLLARS FOR DOERS INCENTIVE PROGRAM, YEARS OF SERVICE INCENTIVE PROGRAM HOUSING SOLUTIONS OF NORTHERN ARIZONA PO BOX 30134 FLAGSTAFF AZ 86004 860732457 501(C)(3) 25020 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION JOBS FOR ARIZONA GRADS 3320 W CHERYL DRIVE SUITE B220 PHOENIX AZ 85051 860669709 501(C)(3) 24200 0 GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, KEYS TO CHANGE 204 S 12TH AVE PHOENIX AZ 85007 463333160 501(C)(3) 15683 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, WORKPLACE GIVING MATCH LAPTOPS 4 LEARNING 2320 E BASELINE RD STE 148-117 PHOENIX AZ 850426951 812833038 501(C)(3) 28500 0 BOARD SERVICE DONATION, GRANT LIVE & LEARN PROGRAM 326 E CORONADO RD PHOENIX AZ 85004 472086218 501(C)(3) 18500 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT LIVE THE SOLUTION (DBA EARN TO LEARN) 4803 EAST 5TH STREET 215 TUCSON AZ 85711 261151754 501(C)(3) 23500 0 GRANT LOWELL OBSERVATORY 1400 W MARS HILL RD FLAGSTAFF AZ 86001 860098918 501(C)(3) 21000 0 GRANT MAKE-A-WISH FOUNDATION OF ARIZONA INC 2901 NORTH 78TH STREET SCOTTSDALE AZ 85251 860409636 501(C)(3) 10000 0 FUNDRAISER MCDOWELL SONORAN CONSERVANCY 15300 N 90TH STREET SUITE 400 SCOTTSDALE AZ 85260 860674350 501(C)(3) 16000 0 GRANT MIDWEST FOOD BANK 725 E BASELINE RD GILBERT AZ 85233 412120170 501(C)(3) 25000 0 HOLIDAY DONATION NASCAR FOUNDATION ONE DAYTONA BOULEVARD DAYTONA BEACH AZ 32114 300337745 501(C)(3) 20000 0 CORPORATE GIFT NATIVE AMERICAN CONNECTIONS 4520 N CENTRAL AVE STE 600 PHOENIX AZ 85012 860293585 501(C)(3) 18625 0 GRANT, DOLLARS FOR DOERS INCENTIVE PROGRAM, NAU FOUNDATION 620 S KNOLES FLAGSTAFF AZ 860110001 860193726 501(C)(3) 88333 0 EVENT SPONSORSHIPS, VENDOR PARTNERSHIP NEW PATHWAYS FOR YOUTH 901 E JEFFERSON ST PHOENIX AZ 85034 860615007 501(C)(3) 32771 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, WORKPLACE GIVING MATCH, YEARS OF SERVICE INCENTIVE PROGRAM NORTHERN ARIZONA HEALTHCARE PO BOX 1268 FLAGSTAFF FLAGSTAFF AZ 860021268 742410946 501(C)(3) 31000 0 CORPORATE GIFT PHOENIX CHILDREN'S HOSPITAL FOUNDATION 2929 E CAMELBACK RD 122 PHOENIX AZ 85016 742421549 501(C)(3) 116815 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP, GRANT, FUNDRAISING, WORKPLACE GIVING MATCH PRESCOTT AREA SHELTER SERVICES 117 W GOODWIN STREET PRESCOTT AZ 86303 860048878 501(C)(3) 15055 0 CORPORATE GIFT, DOLLARS FOR DOERS INCENTIVE PROGRAM PRESCOTT FARMERS MARKET PO BOX 1853 PRESCOTT AZ 86302 860931587 501(C)(3) 7500 0 HOLIDAY DONATION PRESCOTT UNIFIED SCHOOL DISTRICT FOUNDATION 300 E GURLEY STREET PRESCOTT AZ 86301 473380485 501(C)(3) 21500 0 EVENT SPONSORSHIP, RANDOM ACT OF KINDNESS QUEEN CREEK SCHOOLS EDUCATION FOUNDATION 20217 EAST CHANDLER HEIGHTS ROAD QUEEN CREEK AZ 85142 204222581 501(C)(3) 10000 0 CORPORATE GIFT SAVE THE FAMILY FOUNDATION OF ARIZONA 125 E UNIVERSITY DR MESA AZ 85201 860665712 501(C)(3) 22210 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT SOJOURNER CENTER PO BOX 20156 PHOENIX AZ 85036 942465081 501(C)(3) 5115 0 BOARD SERVICE DONATION, DOLLARS FOR DOERS INCENTIVE PROGRAM SOUTHWEST AUTISM RESEARCH AND RESOURCE CENTER 300 N 18TH STREET PHOENIX AZ 85006 311496646 501(C)(3) 29835 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT SOUTHWEST HUMAN DEVELOPMENT 2850 N 24TH ST PHOENIX AZ 85008 860407179 501(C)(3) 23996 3505 SUPPLIES FOR READING BUDDIES AND LITTLE LIBRARY ACTIVITIES DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT, IN-KIND ST MARY'S FOOD BANK ALLIANCE 5800 N 19TH AVE SUITE 103 PHOENIX AZ 85015 860600437 501(C)(3) 15681 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION, WORKPLACE GIVING MATCH TELEVERDE FOUNDATION 2800 N CENTRAL AVE 5TH FLOOR SUITE 500 PHOENIX AZ 85004 850535332 501(C)(3) 6000 0 CORPORATE GIFT THE BE KIND PEOPLE PROJECT FOUNDATION 2301 E WASHINGTON ST PHOENIX AZ 850341303 460720140 501(C)(3) 18600 0 GRANT THE FOSTER ALLIANCE 3110 E THUNDERBIRD ROAD SUITE 100 PHOENIX AZ 85032 860935988 501(C)(3) 120220 94805 SUPPLIES FOR BIKE BUILD AND NO-SEW BLANKETS BOARD SERVICE GIFT, DOLLARS FOR DOERS INCENTIVE PROGRAM, EVENT SPONSORSHIP, IN-KIND, WORKPLACE GIVING MATCH THE LAUNCH PAD TEEN CENTER 302 GROVE AVENUE PRESCOTT AZ 86301 465601468 501(C)(3) 26000 0 CORPORATE GIFT, GRANT THE LITERACY CENTER OF FLAGSTAFF 2500 N ROSE ST STE 102 FLAGSTAFF AZ 86004 860716673 501(C)(3) 17000 0 EVENT SPONSORSHIP, GRANT TYNKERTOPIA 3330 E ELDER DRIVE FLAGSTAFF AZ 86004 823860171 501(C)(3) 28580 0 EVENT SPONSORSHIP, DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT UNITED FOOD BANK 245 S NINA DR MESA AZ 85210 860505273 501(C)(3) 25795 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY DONATION UNITED STATES VETERANS INITIATIVE 3507 N CENTRAL AVE SUITE 200 PHOENIX AZ 85012 954382752 501(C)(3) 30645 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, HOLIDAY GIFTS, YEARS OF SERVICE INCENTIVE PROGRAM VALLEY OF THE SUN UNITED WAY 3200 E CAMELBACK RD SUITE 375 PHOENIX AZ 85018 860104419 501(C)(3) 80 21046 BACKPACKS FOR CW7 BACK TO SCHOOL/STUFF THE BUS CAMPAIGN DOLLARS FOR DOERS INCENTIVE PROGRAM YAVAPAI BIG BROTHERS BIG SISTERS 3208 LAKESIDE VILLAGE PRESCOTT AZ 86301 860278776 501(C)(3) 16500 0 DOLLARS FOR DOERS INCENTIVE PROGRAM, GRANT, VOLUNTEER OF THE YEAR DONATION 59 0 FORM 990, SCHEDULE I, PART II MOST OF THE DONATIONS LISTED IN PART II ARE CHARITABLE CONTRIBUTIONS. CHARITABLE CONTRIBUTIONS ARE PROVIDED TO ORGANIZATIONS THAT ALIGN WITH OUR SOCIAL IMPACT ISSUES. DESERT FINANCIAL CREDIT UNION CONSIDERS THE FOLLOWING REQUESTS: -PROGRAM SUPPORT FUNDS TO SUPPORT THE IMPLEMENTATION OF PROGRAMS AND SERVICES -SPONSORSHIP FUNDS TO SUPPORT VOLUNTEER OR CHARITABLE EVENT OPPORTUNITIES FUNDING PRIORITIES INCLUDE: -EDUCATION: SUPPORT EDUCATIONAL INITIATIVES AND PROGRAMS THAT FOCUS ON THE FOLLOWING AREAS: -INCREASED ACADEMIC SUCCESS -POST-SECONDARY EDUCATION -TEACHER APPRECIATION AND RESOURCE SUPPORT CHILDREN & YOUTH DEVELOPMENT: ADDRESSES PROGRAMS THAT WORK WITH CHILDREN AND YOUTH AT-RISK DUE TO SOCIOECONOMIC FACTORS. PROGRAMS THAT WOULD FALL UNDER THIS CATEGORY WILL PROVIDE ONE OR BOTH OF THE FOLLOWING: -OPPORTUNITIES FOR YOUTH & WORKFORCE DEVELOPMENT -BASIC NEEDS SUPPORT (SCHOOL CLOTHING, SUPPLIES, ETC.) -MENTORING -TRAUMA INFORMED CARE & HEAL FINANCIAL WELLNESS: HELP IMPROVE FINANCIAL STABILITY THROUGH THE DISTRIBUTION OF EDUCATION AND RESOURCES. FUNDING WILL BE PROVIDED TO PROGRAMS THAT SHARE FINANCIAL RESOURCES WITH ITS CLIENTS AND MAY INCLUDE: -FINANCIAL WELLNESS EDUCATION, INCLUDING EMPLOYMENT SUPPORT, BUDGETING, SAVINGS, CREDIT AND DEBT AWARENESS, AND MORE SOCIAL SERVICES, POVERTY, & HOMELESSNESS: IMPROVING RESOURCE ACCESS FOR ARIZONA COMMUNITIES FOCUSED ON CRITICAL SERVICES SUCH AS: -HUNGER AND FOOD INSECURITY -TRANSITION TO RELIABLE HOUSING AND PERMANENT SUPPORTIVE HOUSING SOLUTIONS -ACCESS TO MENTAL HEALTH AND PHYSICAL HEALTH SERVICES NONPROFIT PARTNERS ARE GRANTED THROUGHOUT MARICOPA, YAVAPAI, AND COCONINO COUNTIES ANNUALLY BASED ON THEIR EXISTING RELATIONSHIP (VOLUNTEERING, PRIOR GIVING, AND ENGAGEMENT WITHIN OUR FINANCIAL WELL-BEING EDUCATION INITIATIVES), OPERATIONAL SOUNDNESS, CRITICAL NEED AND WHETHER OR NOT THE NONPROFIT RECEIVED SUPPORT THROUGH OTHER INITIATIVES SUPPORTED BY THE CREDIT UNION. TO MAXIMIZE OUR IMPACT, WE FOCUSED OUR GRANT GIVING SPECIFICALLY ON EDUCATIONAL INITIATIVES AND PROGRAMS THAT ARE BEING IMPLEMENTED BY OUR NONPROFIT PARTNERS. ACCORDING TO ARIZONA DEPARTMENT OF EDUCATION'S COVID IMPACT CENTER, ACADEMIC PROFICIENCY IN SCHOOLS IS DOWN ACROSS ALL AGE GROUPS, COMPARED TO 2019, WITH MORE SIGNIFICANT GAPS WITH NATIVE AMERICAN, AFRICAN AMERICAN, AND HISPANIC STUDENTS. ARIZONA'S HIGH SCHOOL COMPLETION RANKS IN THE BOTTOM QUARTILE OF THE UNITED STATES, AND AT THIS RATE, ONLY 16% OF TODAY'S 9TH GRADERS WILL GRADUATE FROM A FOUR-YEAR COLLEGE BY 2029. A FOCUS IN EDUCATION ALLOWED US TO DRILL DOWN IN THIS IMPACT AREA WHILE ALLOWING FOR A VARIETY OF SUPPORT RANGING FROM K-12 EDUCATION, TECHNOLOGY ACCESS, CRITICAL SKILLS DEVELOPMENT, HIGHER EDUCATION, AND MORE. THIS COULD ALSO INCLUDE SERVICES THAT ADVANCE EDUCATIONAL OUTCOMES, INCLUDING MENTORING PROGRAMS, FOOD DISTRIBUTION IN SCHOOLS, & AFTER-SCHOOL PROGRAMS, AMONG OTHERS. THAT INCLUDED AN APPLICATION PROCESS WHEREBY A SELECT GROUP OF EXISTING NONPROFIT PARTNERS WERE INVITED TO SUBMIT A REQUEST FOR FINANCIAL SUPPORT. THE GRANT APPLICATION REQUIRED THAT NONPROFITS PROVIDE THE FOLLOWING: 1. DESCRIPTION OF THE EDUCATIONAL PROGRAM THE NONPROFIT IS SEEKING FUNDS FOR 2. THE NEED OR PROBLEM THAT THE ORGANIZATION ADDRESSES 3. POPULATIONS SERVED AND HOW MANY PEOPLE WILL BE SERVED IF THE FULL REQUESTED FUNDING AMOUNT IS AWARDED 4. ADDITIONAL FUNDING SOURCES SOUGHT 5. REQUESTED AMOUNT 6. CHALLENGES ADDRESSED WITH THE FUNDS 7. HOW THE PROGRAMS EFFECTIVENESS WILL BE EVALUATED X 1 1 X X X X 0 1 0 JEFFREY D MESHEY CEO 1095739 0 1161276 0 22535 0 13800 0 44874 0 2338224 0 0 0 JEFFREY S BUTLER CEO - SWITCHTHINK SOLUTIONS 0 588796 0 443118 0 6451 0 13800 0 38664 0 1090829 0 0 RONDLE K AMSTUTZ EXECUTIVE VP 585986 0 393004 0 10182 0 13800 0 39864 0 1042836 0 0 0 CATHLEEN GRAHAM EXECUTIVE VPS 613923 0 393388 0 10823 0 3830 0 17448 0 1039412 0 0 0 PAUL WINTERMANTEL FINANCIAL ADVISOR II 795934 0 960 0 5248 0 13800 0 29216 0 845158 0 0 0 JACKIE L BIGGS JR EXECUTIVE VP CFO 554975 0 230926 0 8656 0 13800 0 28106 0 836463 0 0 0 RONALD H PARKER COO - SWITCHTHINK SOLUTIONS 0 338043 0 232697 0 1398 0 5673 0 23216 0 601027 0 0 THOMAS MARLOWE SVP OPERATIONS 367808 0 189773 0 1313 0 13800 0 27043 0 599737 0 0 0 LAURA WALLACE SVP CHIEF ENGAGE OFFICER 351381 0 193784 0 9228 0 7199 0 30899 0 592491 0 0 0 ANDREA MOSHER CHIEF LENDING OFFICER 377138 0 114404 0 1613 0 13800 0 43419 0 550374 0 0 0 PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT: JEFFREY D. MESHEY RONDLE K. AMSTUTZ CATHLEEN GRAHAM JACKIE L. BIGGS, JR. JEFFREY D MESHEY CEO SEE PART V X 24776327 26087858 0 1 1 CATHLEEN GRAHAM EXECUTIVE VPS SEE PART V X 24277872 24316682 0 1 1 RONDLE K AMSTUTZ EXECUTIVE VP SEE PART V X 17698042 18051424 0 1 1 JEFFREY D MESHEY CEO SEE PART V X 21190448 20577688 0 1 1 JACKIE L BIGGS JR EXECUTIVE VP CFO SEE PART V X 10517089 10555559 0 1 1 99589211 FORM 990, SCH L, PART II THE CREDIT UNION PROVIDES SUPPLEMENTAL RETIREMENT BENEFITS THROUGH AN ALTERNATIVE FUNDING ARRANGEMENT THE IRS CALLS "COLLATERAL ASSIGNMENT SPLIT DOLLAR" (CASD). ALTHOUGH THE IRS REQUIRES REPORTING IN THE LOAN SECTION OF SCHEDULE L, CASD IS NOT A LOAN BECAUSE NO FUNDS ARE TRANSFERRED TO THE EXECUTIVE. RATHER, THE "LOAN" TREATMENT APPLIES BECAUSE AFTER THE EXECUTIVE HAS RECEIVED RETIREMENT BENEFITS, THE CREDIT UNION RECOVERS ALL ITS OUTLAYS PLUS INTEREST. THE RECOVERY RIGHT IS A KEY ADVANTAGE OF CASD FOR THE CREDIT UNION. RATHER THAN PAYING RETIREMENT BENEFITS TO THE EXECUTIVE THAT WOULD NEVER BE RECOVERED, UNDER CASD THE CREDIT UNION RECOVERS NOT ONLY ITS OUTLAYS BUT ALSO CONSIDERATION FOR THE TIME VALUE OF MONEY. THE CASD PLAN WORKS AS FOLLOWS: THE CREDIT UNION DEPOSITS FUNDS INTO CASH VALUE LIFE INSURANCE POLICIES ON THE EXECUTIVE'S LIFE. DURING LIFE, TO THE EXTENT THE EXECUTIVE FULFILLS SERVICE AND VESTING REQUIREMENTS, THE EXECUTIVE CAN BORROW AGAINST THE CASH SURRENDER VALUE TO SUPPLEMENT RETIREMENT INCOME. POLICY PERFORMANCE IS CLOSELY MONITORED. IF POLICY PERFORMANCE LAGS, THE EXECUTIVE'S BORROWING RIGHTS ARE REDUCED TO PROTECT THE CREDIT UNION'S RECOVERY RIGHTS. AT THE EXECUTIVE'S DEATH, THE POLICY DEATH PROCEEDS ARE USED TO REPAY THE CREDIT UNION'S DEPOSITS PLUS COMPOUNDED INTEREST (AT THE IRS LONG-TERM APPLICABLE FEDERAL RATE). THE EXECUTIVE'S BENEFICIARY RECEIVES ANY PROJECTED RETIREMENT BORROWING THE EXECUTIVE DID NOT ACCESS DURING LIFE. ANY REMAINING DEATH PROCEEDS WILL BE PAID TO THE CREDIT UNION TO PROVIDE ADDITIONAL FUNDING FOR THE CREDIT UNION'S SUCCESSION PLANNING, CHARITABLE ACTIVITIES AND TO OFFSET EMPLOYEE BENEFIT EXPENSES. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION HAS A SINGLE CLASS OF MEMBERS WITH EQUAL RIGHTS OF OWNERSHIP, GOVERNANCE, AND VOTING. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE ELECTED FOR THREE YEAR TERMS BY THE MEMBERSHIP. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERS MUST APPROVE MERGERS AND BY-LAW CHANGES. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, JEFFREY D. MESHEY AND THE EXECUTIVE VP CFO, JACKIE L. BIGGS, JR., WILL REVIEW FORM 990 BEFORE FILING AND PROVIDE A COPY TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C EMPLOYEES MUST DISCLOSE FINANCIAL OR OTHER BUSINESS RELATIONSHIPS THAT MAY CONSTITUTE A CONFLICT OF INTEREST. EMPLOYEES MUST ALSO OBTAIN PRIOR APPROVAL FROM THE CEO, EXECUIVE MANAGEMENT TEAM (EMT) AND GENERAL COUNSEL BEFORE ENGAGING IN OUTSIDE BUSINESS ACTIVITIES FOR COMPENSATION THAT OFFER COMPETING SERVICES TO DESERT FINANCIAL CREDIT UNION. HUMAN RESOURCES INVESTIGATES ALL REPORTS OF CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE CREDIT UNION'S BOARD OF DIRECTORS. HUMAN RESOURCES SUPPLIES MULTIPLE THIRD PARTY MARKET SURVEY RESULTS FOR THEIR COMPARABILITY DATA. TOP MANAGEMENT COMPENSATION IS DETERMINED BY THE CEO AND EMT AND UTILIZES MULTIPLE THIRD-PARTY MARKET SURVEY RESULTS FOR COMPARABILITY DATA. OTHER KEY EMPLOYEE COMPENSATION IS DETERMINED BY SENIOR MANAGMENT TEAM (SMT)/EMT LEADERS AND UTILIZE MULTIPLE THIRD PARTY MARKET SURVEY RESULTS FOR COMPARABILITY DATA. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE PUBLISHED MONTHLY. ALL OTHER DOCUMENTS AND POLICIES ARE AVAILABLE FOR REVIEW UPON REQUEST. FORM 990, PART IX, LINE 24E LOAN SERVICING 2,875,009. MISCELLANEOUS 1,193,304. OREO EXPENSE 58. FORM 990, PART XI, LINE 9: AMORTIZATION OF NET GAINS/(LOSSES) IN CONNECTION WITH POST-RETIREMENT HEALTH BENEFIT PLAN -79,819. AMORTIZATION OF NET GAINS/(LOSSES) IN CONNECTION WITH DEFINED BENEFIT PENSION PLAN 716,277. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES IN THE PROCESS OF THE COMMITTEE THAT ASSUMES RESPONSIBILITY OF THE OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT AUDITOR. DESERT FINANCIAL HOLDINGS LLC 148 N 48TH ST PHOENIX AZ 85034 851085185 HOLDING COMPANY AZ 433727 11363163 DESERT FINANCIAL CREDIT UNION DESERT FINANCIAL WEALTH SERVICES LLC 148 N 48TH ST PHOENIX AZ 85034 860946896 INVESTMENTS AND CONSULTING AZ 719625 430680 DESERT FINANCIAL HOLDINGS LLC SOUTHWEST COMMERCIAL PROPERTY 148 N 48TH ST PHOENIX AZ 85034 453465108 PROPERTY MANAGEMENT AZ 1195217 134132 DESERT FINANCIAL HOLDINGS LLC SWITCHTHINK SOLUTIONS LLC 148 N 48TH ST PHOENIX AZ 85034 821355755 IT SERVICES AZ 10340525 41786777 DESERT FINANCIAL HOLDINGS LLC DEFINE MORTGAGE SOLUTIONS LLC 148 N 48TH ST PHOENIX AZ 85034 830668619 MORTGAGES AZ 5790444 604645 DESERT FINANCIAL HOLDINGS LLC DESERT FINANCIAL FOUNDATION 148 N 48TH ST PHOENIX AZ 85034 811028132 FUND RAISING/CHAIRTABLE GIVING AZ 501(C)(3) LINE 7 DESERT FINANCIAL CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 DESERT FINANCIAL FOUNDATION B 392575 CASH AND NONCASH CONTRIBUTIONS DESERT FINANCIAL FOUNDATION O 235503 PERCENT OF SALARY INKIND SERVICES