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Nonprofiteer
← DESERT FINANCIAL CREDIT UNION

Form 990 for tax year 2023

Filed by DESERT FINANCIAL CREDIT UNION.

Totals

Total revenue
$454,305,678
Total expenses
$369,011,260
Contributions and grants received
$0
Grants paid
$1,903,156
Program service revenue
$326,626,922
Investment income
$106,694,825
Other revenue
$20,983,931
Total assets, end of year
$8,710,563,794
Total liabilities, end of year
$8,100,080,069
Net assets or fund balances, end of year
$610,483,725
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Listed in Part VII

  • LAURA WATSON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CLAUDETTE GRONSKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JANET BIOLETTO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • CARRIE YOUNG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • CHRIS MINER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MATTHEW FEHLING

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY SMITH

    VICE CHAIRPERSON

    Total calculated
    $5,225
    From this org
    $5,225
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • RICHARD JOHNSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEVIN HASKEW

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • JACKIE L BIGGS JR

    SVP CFO

    Total calculated
    $688,489
    From this org
    $653,267
    From related orgs
    $0
    Other
    $35,222
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $456,873
    Bonus
    $195,081
    Other
    $1,313
    Deferred
    $10,880
    Nontaxable benefits
    $24,342
    Filer's total
    $688,489

  • JEFFREY D MESHEY

    CEO

    Total calculated
    $2,775,833
    From this org
    $2,029,198
    From related orgs
    $0
    Other
    $746,635
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $1,034,388
    Bonus
    $976,181
    Other
    $18,629
    Deferred
    $702,640
    Nontaxable benefits
    $43,995
    Filer's total
    $2,775,833

  • RONDLE K AMSTUTZ

    EXECUTIVE VP

    Total calculated
    $948,442
    From this org
    $891,882
    From related orgs
    $0
    Other
    $56,560
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $535,226
    Bonus
    $346,474
    Other
    $10,182
    Deferred
    $13,200
    Nontaxable benefits
    $43,360
    Filer's total
    $948,442

  • JEFFREY S BUTLER

    CEO-SWITCHTHINK SOLUTIONS

    Total calculated
    $982,016
    From this org
    $0
    From related orgs
    $932,410
    Other
    $49,606
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $565,498 related
    Bonus
    $0 + $361,176 related
    Other
    $0 + $5,736 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $36,406 related
    Filer's total
    $0 + $982,016 related

  • CATHLEEN GRAHAM

    EXECUTIVE VP

    Total calculated
    $921,738
    From this org
    $903,234
    From related orgs
    $0
    Other
    $18,504
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $556,479
    Bonus
    $338,257
    Other
    $8,498
    Deferred
    $3,074
    Nontaxable benefits
    $15,430
    Filer's total
    $921,738

  • GARY SNEED

    SVP CHIEF LENDING OFFICER

    Total calculated
    $597,091
    From this org
    $568,033
    From related orgs
    $0
    Other
    $29,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $264,981
    Bonus
    $301,941
    Other
    $1,111
    Deferred
    $12,216
    Nontaxable benefits
    $16,842
    Filer's total
    $597,091

  • RONALD H PARKER

    COO-SWITCHTHINK SOLUTIONS

    Total calculated
    $552,049
    From this org
    $0
    From related orgs
    $520,070
    Other
    $31,979
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $328,625 related
    Bonus
    $0 + $190,047 related
    Other
    $0 + $1,398 related
    Deferred
    $0 + $6,779 related
    Nontaxable benefits
    $0 + $25,200 related
    Filer's total
    $0 + $552,049 related

  • THOMAS MARLOWE

    SVP OPERATIONS

    Total calculated
    $563,772
    From this org
    $525,098
    From related orgs
    $0
    Other
    $38,674
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $345,465
    Bonus
    $178,320
    Other
    $1,313
    Deferred
    $13,200
    Nontaxable benefits
    $25,474
    Filer's total
    $563,772

  • SARA K REGAN

    SVP GENERAL COUNSEL

    Total calculated
    $591,541
    From this org
    $535,872
    From related orgs
    $0
    Other
    $55,669
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $341,816
    Bonus
    $193,399
    Other
    $657
    Deferred
    $12,846
    Nontaxable benefits
    $42,823
    Filer's total
    $591,541

  • PAUL WINTERMANTEL

    FINANCIAL ADVISOR II

    Total calculated
    $644,176
    From this org
    $625,924
    From related orgs
    $0
    Other
    $18,252
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $620,456
    Bonus
    $4,680
    Other
    $788
    Deferred
    $13,200
    Nontaxable benefits
    $5,052
    Filer's total
    $644,176

  • STEPHEN JORDAN

    CHIEF REVENUE OFFICER

    Total calculated
    $689,291
    From this org
    $649,828
    From related orgs
    $0
    Other
    $39,463
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $432,215
    Bonus
    $216,300
    Other
    $1,313
    Deferred
    $13,200
    Nontaxable benefits
    $26,263
    Filer's total
    $689,291

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Travel for companions
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

PART I, LINE 4B
IN 2023, THE CREDIT UNION PARTICIPATED IN TWO SUPPLEMENTAL NONQUALIFIED RETIRMENT PLANS RELATED TO THE CEO, JEFFREY D. MESHEY. THE CREDIT UNION RECOGNIZED AN ACCRUED EXPENSE OF $687,450 TOWARD THE PLAN DURING 2023. THE FOLLOWING INDIVIDUALS PARTICIPATE IN A SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT: JEFFREY MESHEY RONDLE AMSTUTZ CATHLEEN GRAHAM

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • DESERT FINANCIAL FOUNDATION

    501(C)(3) · FUND RAISING/CHAIRTABLE GIVING · AZ · controlled entity

    Directly controlled by DESERT FINANCIAL CREDIT UNION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423179349302067

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.