Unverified listing What this means
The Lender Report built this page from public records. Desert Financial Credit Union has not reviewed it. Every lender's page starts this way, and it says nothing about Desert Financial Credit Union itself. Each figure shows its source and date. Work at Desert Financial Credit Union? You can claim this page for free.
Credit union, Phoenix, AZ
Desert Financial Credit Union
A credit union based in Phoenix, AZ. Its commercial book is mostly non-owner-occupied CRE. Public files show recent multifamily, 1-4 unit investor, SBA 7(a), SBA 504 and real-estate-secured commercial loans it made.
- Kind
- Credit union
- Data as of
- June 30, 2026
- Page last changed
- November 11, 2026
- Commercial book
- $866M
- NCUA 5300,
- Holds, not loans made
- Commercial loans made, H1 2026
- 37
- NCUA 5300,
- Real-estate-secured
- SBA loans, 36 months
- 30
- SBA FOIA,
- 7(a) and 504, net of cancelled
- Total assets
- $9.89B
- NCUA 5300,
Does it fit my deal?
The deal is read here and kept nowhere. Leave out names, income and credit scores.
How to reach them
Each line shows where it came from
- Phone
- 602-433-7000 From the NCUA record, June 30, 2026.
- Website
- www.desertfinancial.comFrom the NCUA record, November 9, 2026.
- Commercial lending page
- desertfinancial.comFrom the lender's website, retrieved November 11, 2026.
- Names it files under
- DESERT FINANCIAL; NoneNCUA 5300,
- Address
- 148 N 48th St, Phoenix, AZ 85034NCUA 5300,
- Regulator record
- NCUA profile
You generally must be a member of a credit union to borrow from it. Field of membership: Non-Federal Credit Union.
Recently done
Recorded lending
Recorded lending. Two or more public files show loans this lender made.
What changed. Desert Financial Credit Union's Multifamily balance rose 19.8% to $69.1M in the quarter ended June 30, 2026. NCUA 5300,
| When | What the record shows | Source |
|---|---|---|
| Oct 2023 to Sep 2026 | SBA 7(a) approvals by processing method: 14 SBA Express.SBA ProcessingMethod field, net of cancellations. | SBA FOIA, |
| Jun 2025 to Jun 2026 | Non-owner-occupied CRE balance rose 1.3% to $648.4M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Owner-occupied CRE balance rose 16.5% to $128M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
| Jun 2025 to Jun 2026 | Multifamily balance rose 98.5% to $69.1M in the year to June 30, 2026.Balances, not originations. Year over year from call reports. | NCUA 5300 |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Sep 2026 | Arizona | SBA 7(a), Residential Property Managers | $2.6M | 7.75% | 10 yr | SBA FOIA | |
| Sep 2026 | Arizona | SBA 7(a), Snack and Nonalcoholic Beverage Bars | $1.6M | 7.25% | 25 yr | SBA FOIA | |
| Sep 2026 | Arizona | SBA 7(a), Offices of Physicians (except Mental Health Specialists) | $450K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Arizona | SBA 7(a), All Other Miscellaneous Ambulatory Health Care Services | $220K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Arizona | SBA 7(a), Offices of All Other Miscellaneous Health Practitioners | $120K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Arizona | SBA 7(a), All Other Miscellaneous Ambulatory Health Care Services | $95K | 7.75% | 10 yr | SBA FOIA | |
| Sep 2026 | Arizona | SBA 7(a), All Other Professional, Scientific, and Technical Services | $50K | 9.5% | 10 yr | SBA FOIA | |
| Sep 2026 | Arizona | SBA 7(a), Offices of Mental Health Practitioners (except Physicians) | $50K | 9.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Arizona | SBA 7(a), Offices of Mental Health Practitioners (except Physicians) | $900K | 6.5% | 25 yr | SBA FOIA | |
| Aug 2026 | Arizona | SBA 7(a), Residential Remodelers | $300K | 7.5% | 10 yr | SBA FOIA | |
| Aug 2026 | Arizona | SBA 7(a), Automotive Glass Replacement Shops | $250K | 8% | 10 yr | SBA FOIA | |
| Aug 2026 | Arizona | SBA 7(a), Offices of Lawyers | $100K | 9% | 10 yr | SBA FOIA | |
| Aug 2026 | Arizona | SBA 7(a), Other Waste Collection | $45K | 7.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Arizona | SBA 7(a), Offices of Physicians (except Mental Health Specialists) | $1M | 7.25% | 10 yr | SBA FOIA | |
| Jul 2026 | Arizona | SBA 7(a), Administrative and Support and Waste Management and Remediation Services | $280K | 8.25% | 10 yr | SBA FOIA | |
| Jul 2026 | Arizona | SBA 7(a), Offices of Physicians (except Mental Health Specialists) | $230K | 7.25% | 10 yr | SBA FOIA | |
| Jul 2026 | Arizona | SBA 7(a), Pet Care (except Veterinary) Services | $110K | 8.75% | 10 yr | SBA FOIA | |
| Jul 2026 | Arizona | SBA 7(a), Other Building Material Dealers | $50K | 9.5% | 10 yr | SBA FOIA | |
| Jun 2026 | Arizona | SBA 7(a), Glass and Glazing Contractors | $250K | 8.25% | 10 yr | SBA FOIA | |
| Jun 2026 | Arizona | SBA 7(a), Fitness and Recreational Sports Centers | $150K | 7.75% | 10 yr | SBA FOIA | |
| Jun 2026 | Arizona | SBA 7(a), All Other Outpatient Care Centers | $150K | 8.5% | 10 yr | SBA FOIA | |
| May 2026 | Arizona | SBA 7(a), All Other Specialty Trade Contractors | $250K | 8.25% | 10 yr | SBA FOIA | |
| Apr 2026 | Arizona | SBA 504, Professional, Scientific, and Technical Services | $710K | 25 yr | SBA FOIA | ||
| Apr 2026 | Arizona | SBA 7(a), Other Individual and Family Services | $40K | 7.75% | 10 yr | SBA FOIA | |
| 2025 | Maricopa County, AZ | Refinance, 25 to 49 units | $4.4M | 6.32% | 10 yr | 50% | HMDA 2025 |
| 23 SBA 7(a) loans since October 2023, net of cancelled | $9.29M | SBA FOIA | |||||
A blank means the source did not report it.
What it holds
NCUA 5300, June 30, 2026
| Book | Holds | Of its loans | Year over year | Loans | Average |
|---|---|---|---|---|---|
| Multifamily | $69.1M | 1.3% | +98.5% | 53 | $1.30M |
| Construction and land development | $2.29M | 0.0% | -60.4% | 2 | $1.15M |
| Owner-occupied CRE | $128M | 2.4% | +16.5% | 170 | $753K |
| Non-owner-occupied CRE | $648M | 12.2% | +1.3% | 426 | $1.52M |
| Farmland | $0 | 0.0% | Not reported | 0 | Not reported |
| Commercial and industrial | $18.2M | 0.3% | +5.7% | 160 | $114K |
| Other real-estate-secured commercial | $0 | 0.0% | Not reported | Not reported | Not reported |
| Commercial total | $866M |
Table
| Quarter | Commercial book |
|---|---|
| Q3 2023 | $688M |
| Q4 2023 | $701M |
| Q1 2024 | $707M |
| Q2 2024 | $738M |
| Q3 2024 | $740M |
| Q4 2024 | $759M |
| Q1 2025 | $791M |
| Q2 2025 | $808M |
| Q3 2025 | $833M |
| Q4 2025 | $865M |
| Q1 2026 | $875M |
| Q2 2026 | $866M |
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| Multifamily, 5 or more units | 2025 | 5 | $8.43M | $1.10M | $4.4M | HMDA, |
| Multifamily, 5 or more units | 2024 | 5 | $11.7M | $1.29M | HMDA, | |
| 1-4 unit investor or business purpose | 2025 | 467 | $65.5M | $105K | HMDA, | |
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 23 | $9.29M | $220K | $2.6M | SBA FOIA, |
| SBA 7(a), net of cancelled | 12 months to Sep 2026 | 23 | $9.29M | SBA FOIA, | ||
| SBA 504 first lien, net of cancelled | 36 months to Sep 2026 | 7 | $6.24M | $688K | $2.5M | SBA FOIA, |
| Real-estate-secured commercial | First half of 2026 | 37 | $61.6M | NCUA 5300, | ||
| Multifamily | First half of 2026 | 7 | $20.0M | NCUA 5300, | ||
| Owner-occupied CRE | First half of 2026 | 13 | $18.6M | NCUA 5300, | ||
| Non-owner-occupied CRE | First half of 2026 | 17 | $23.0M | NCUA 5300, | ||
| C&I | First half of 2026 | 35 | $6.07M | NCUA 5300, |
How these public files were tied to this lender. HMDA: its legal entity identifier (LEI). SBA 7(a) loans: its NCUA charter number. SBA 504 first liens: its name and state.
| Book | Average loan |
|---|---|
| Construction and land development | $1.15M |
| Multifamily | $1.30M |
| Owner-occupied CRE | $753K |
| Non-owner-occupied CRE | $1.52M |
| Commercial and industrial | $114K |
Programs on record: Federal Home Loan Bank member, San Francisco district (FHFA).
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| Arizona HQ | 51 | 5 | 467 | 23 | 7 |
| County | Recorded loans | Dollars |
|---|---|---|
| Maricopa County, AZ | 7 | $17.9M |
| Metro | Recorded loans | Dollars |
|---|---|---|
| Phoenix-Mesa-Chandler, AZ | 7 | $17.9M |
Capacity. Not a rating
Our calculation from public filings, as of June 30, 2026. Not a rating, and not a statement about safety or deposits.
| Measure | This lender | Its peers | How it is worked out | Source |
|---|---|---|---|---|
| Business loan cap | $1.21B | $409M to $1.21B across 8 peers | Estimate: the lesser of 1.75 times net worth or 12.25% of assets. Low-income designated credit unions and some others are exempt. Not a statement from the credit union. | NCUA 5300, 12 CFR 723.8, Jun 30, 2026 |
| Business loans outstanding | $893M | $18.8M to $2.19B across 8 peers | Net member business loans, as reported on Form 5300. | NCUA 5300, |
| Cap used | 73.7% | 1.6% to 182.8% across 8 peers | Business loans outstanding over the estimated cap. | NCUA 5300, |
| Largest single borrower | $174M | $51.7M to $284M across 8 peers | Estimate: the greater of 15% of net worth or $100,000. Not a limit the credit union has stated. | NCUA 5300, 12 CFR 723.4, Jun 30, 2026 |
| CRE to net worth | 62.0% | 20.8% to 154.9% across 8 peers | (Construction + multifamily + non-owner-occupied CRE loans) divided by net worth. Our own ratio, not a regulatory test or limit. | NCUA 5300, |
| Loans to assets | 53.7% | 53.9% to 80.2% across 8 peers | Total loans divided by total assets. | NCUA 5300, |
Estimates use the formulas in 12 CFR 723. Low-income designated credit unions and some others are exempt from the cap.
Loan channel and SBA processing
Public record only
- SBA Express
- 14 loans
- Approval to first disbursement
- 12.5 days, median of 10
SBA FOIA, SBA 7(a) loans, 36 months. Counted from SBA approval, not application. Lines of credit disburse fast.
Peers
Same kind of lender, similar size and book
| Lender | State | Total assets | Commercial book |
|---|---|---|---|
| Vantage West Credit Union | AZ | $3.34B | $254M |
| Teachers Credit Union | NY | $9.92B | $460M |
| Logix Credit Union | CA | $9.69B | $833M |
| Midflorida Credit Union | FL | $9.79B | $2.06B |
| Oneaz Credit Union | AZ | $4.48B | $815M |
| Patelco Credit Union | CA | $9.77B | $231M |
| Arizona Financial Credit Union | AZ | $3.93B | $811M |
| San Diego County Credit Union | CA | $9.55B | $398M |
What we don't know
- Whether it is taking new loans today, or on what terms.
- Who can join. A credit union lends only to its members, and field of membership decides who qualifies.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
- Credit union concentration ratios here are our own calculation against net worth. They are not a regulatory test or limit. Originations are Jan-Jun 2026 year to date.
Check this page
Against the regulator's own record
- Name and charter. Desert Financial Credit Union, NCUA charter 68713. Compare it with the regulator's record. [NCUA profile]
- Balances. $9.89B in total assets and $866M in commercial loans held, from the NCUA 5300 for June 30, 2026. [Source]
- Loans made. 37 real-estate-secured commercial loans made in the first half of 2026, from your NCUA Form 5300, and 507 loans in HMDA and SBA files, through September 30, 2026: 5 HMDA multifamily 2025, 5 HMDA multifamily 2024, 467 HMDA 1-4 unit investor 2025, 23 SBA 7(a) in 36 months, 7 SBA 504 first liens in 36 months. [How each file was tied to Desert Financial Credit Union]
- Phone and website. Phone 602-433-7000, from the NCUA record. Website desertfinancial.com, from the NCUA record. [How to reach them]
Something wrong? Report it with evidence. It is free, and it works the same for every lender whether it pays or not. Report an error
For the record
Data as of June 30, 2026. Page last changed November 11, 2026.
- Regulator
- NCUA and state regulator
- NCUA charter
- 68713
- RSSD
- 622475
- LEI
- 549300HFXTV55C2HHM89
- The Lender Report ID
- lr_000195
- Main office county
- Maricopa
- Members
- 526,630
- NCUA region
- 3 - Western
NCUA credit union details,
- Reported $9.9B in total assets as of June 30, 2026 (NCUA 5300).
- Held $866.1M of commercial and commercial real estate loans as of June 30, 2026 (NCUA 5300).
- Held $648.4M of non-owner-occupied commercial real estate loans as of June 30, 2026, up 1.3% from a year earlier (NCUA 5300).
- Held $128M of owner-occupied commercial real estate loans as of June 30, 2026, up 16.5% from a year earlier (NCUA 5300).
- Held $69.1M of multifamily loans as of June 30, 2026, up 98.5% from a year earlier (NCUA 5300).
- Originated 5 multifamily loans totaling $8.4M in 2025 (HMDA).
7 more sentences
- Originated 5 multifamily loans totaling $11.7M in 2024 (HMDA).
- Originated 467 1-4 unit investor or business-purpose loans totaling $65.5M in 2025 (HMDA).
- Recorded 24 SBA 7(a) approvals totaling $9.5M from October 1, 2023 to September 30, 2026, of which 1 was later cancelled (SBA).
- Provided the first lien on 7 SBA 504 projects with $6.2M in first-lien dollars from October 1, 2023 to September 30, 2026 (SBA).
- Originated 37 real-estate-secured commercial loans totaling $61.6M in the first half of 2026 (NCUA 5300).
- Held $749K of nonmember commercial loans and participations as of June 30, 2026 (NCUA 5300).
- Listed 51 offices in 1 state (NCUA).
Cite this
Source: The Lender Report, Desert Financial Credit Union, https://lender.report/lender/desert-financial-credit-union-az/, data as of June 30, 2026.
Sources
- NCUA 5300, June 30, 2026
- NCUA 5300, June 30, 2025
- HMDA, 2025
- SBA FOIA, September 30, 2026
- NCUA 5300, June 30, 2026
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.
See something wrong? Write to desk@lender.report or use the correction form. We reply within 2 business days and fix confirmed errors within 10. We correct our own mistakes at once. Where the public record itself is wrong, we show the lender's correction beside it and tell you how to ask the agency to fix the source. Correction form. Names identify institutions and imply no affiliation.
We publish data about lenders and sell advertising. We are not a bank or lender, and we do not make credit decisions, take applications, negotiate terms or arrange loans through this site. Using this site creates no broker, advisory or fiduciary relationship. Commercial-purpose loans only. Nothing here is an offer to lend or a promise that any lender will offer you a loan.
Work at Desert Financial Credit Union? Claim this page, free.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem