Desert Financial Credit Union Celebrates $16 Million in Giveback Bonuses to Members

Desert Financial Credit Union Celebrates $16 Million Giveback

In a significant milestone, Desert Financial Credit Union has announced the distribution of $16 million in giveback bonuses to its eligible members this month. This rewarding initiative, celebrated in its ninth year, has successfully provided a cumulative total of $122 million in bonuses since its inception. The bonus program is designed to enhance the financial stability and well-being of members, emphasizing the credit union's commitment to returning value to those who contribute to its success.

Members of Desert Financial can earn rewards through the Relationship Rewards Program, which incentivizes member engagement with the credit union. By partaking in various banking activities, such as obtaining loans and maintaining direct deposits exceeding $500 monthly, members can accumulate points that contribute to their individual bonuses. The more banking activities a member engages in – whether through deposits, loan balances, or debit card usage – the greater their potential rewards. This year, qualifying members will receive an average giveback bonus of $88.11.

Jeff Meshey, the President and CEO of Desert Financial, articulated the ethos that drives such initiatives: "As a member-owned institution, our responsibility is to return value to the people who make our success possible. The giveback bonus is just one way we deliver on that responsibility by putting money back in our members' hands." This approach underscores the credit union's broader goal of ensuring members feel empowered and confident in their daily financial transactions.

Aside from the Member Giveback Bonus, members can also enjoy additional rewards, including discounts on consumer loan rates and refunds for non-Desert Financial ATM usage. Such initiatives not only affirm the credit union's dedication to enriching its members' banking experience but also cement its reputation as a supportive community financial institution.

With a rich legacy of over 85 years, Desert Financial Credit Union stands as Arizona's premier local credit union, serving more than 500,000 members and managing approximately $9 billion in assets. Its network spans over 50 locations across Arizona and encompasses leading digital banking solutions, making banking accessible and convenient for its clientele. The union positions itself not merely as a financial institution but as a community partner, as reflected in its strategic collaborations with local organizations like Arizona State University and the Arizona Cardinals.

In conclusion, the Member Giveback Bonus program is not just a financial incentive but a testament to Desert Financial's philosophy of fostering member participation and community service. The initiative exemplifies how credit unions can play a pivotal role in enhancing the financial well-being of their members while also reinforcing their allegiance to the community at large. For more details on the Member Giveback Bonus or to explore other rewards offered by Desert Financial, interested individuals can visit their official site at desertfinancial.com/bonus.