Desert Schools Federal Credit Union operates more than 50 locations in the Phoenix area, serving more than 370,000 members. Established in 1939 by a group of 15 teachers, the credit union offers traditional banking products and services, including checking, savings, and money market accounts, certificates of deposit, and credit cards. Its lending activities include home mortgage, vehicle, personal, and student loans, as well as business loans and lines of credit. Subsidiary Desert Schools Financial Services provides investment advisory, retirement, insurance, and tax planning services.