SCHOOLS FINANCIAL

1485 Response Rd, Ste 126
Sacramento, CA 95815

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 68398
Date Established 1933
Assets $2,057.66 million
Loans $1,496.37 million
Deposits $1,796.76 million
Capital $240.48 million

Schools Financial is an NCUA insured institution located in Sacramento, CA. It was founded in 1933 and has approximately $2057.66 millions in assets.

Who can join?

Everyone in Sacramento and its nine surrounding counties can join. Their programs, products and services are subject to approval. Anyone who lives, works, worships or attends school in Sacramento, El Dorado, Placer, Sutter, Yuba, Butte, Nevada, San Joaquin, Solano and Yolo counties may join. Family members may also join. Employees of California public and licensed private schools — anyone certified or classified, full or part time, active or retired can also join. Students and Alumni Association members of California institutions of higher education — anyone enrolled in post-secondary educational institutions, such as two- and four-year colleges and universities and licensed vocational schools, active or lifetime members of the California Teachers Association (CTA), employees of the California School Boards Association, elected members of the California public school district Boards of Education can also join.

Field of Membership Restrictions

Membership in Schools Financial Credit Union is open to the following: (1) those who live, work, attend school or worship in Sacramento, El Dorado, Placer, Sutter, Yuba, Butte, Nevada, San Joaquin, Solano and Yolo counties in California; (2) employees or retirees of California public and licensed private schools; (3) mployees of the California School Boards Association; (4) active or lifetime members of the California Teachers Association; (5) students and Alumni Association members of California institutions of higher education.

Deposit Rates - September 24, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.25% $2,000 $9,999 Learn MoreShow Less
Money Market
0.80% $10,000 $24,999 Learn MoreShow Less
Money Market
0.80% $25,000 $49,999 Learn MoreShow Less
Premium Money Market Account
0.70% $10,000 $24,999 Learn MoreShow Less
Premium Money Market Account
0.70% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
1.55% $500 $49,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
3 Mo CD
1.10% $1,000 - Learn MoreShow Less
6 Mo CD
1.25% $1,000 - Learn MoreShow Less
12 Mo CD
1.55% $1,000 - Learn MoreShow Less
18 Mo CD
2.50% $1,000 - Learn MoreShow Less
24 Mo CD
2.00% $1,000 - Learn MoreShow Less
30 Mo CD
2.00% $1,000 - Learn MoreShow Less
36 Mo CD
2.45% $1,000 - Learn MoreShow Less
48 Mo CD
2.50% $1,000 - Learn MoreShow Less
60 Mo CD
2.60% $1,000 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.30% $1 $9,999 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 - Learn MoreShow Less

Loan Rates - September 24, 2019

Your Current Location: Washington, WA 98109

There are currently no loan rates available for SCHOOLS FINANCIAL

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Washington 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
AimLoan.com
NMLS ID: 2890
License#: 520-CL-25944
3.526% 3.500% 0.38 $805 $1,123 Learn More

Featured - Washington Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Figure Home Equity Line
Figure Home Equity Line
0.000 %
$0 Learn More
More Info

Note to SCHOOLS FINANCIAL
To upload and update your bank's rates please register. It is free to register and add rates.



Branches

Below are Schools Financial branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Seattle,Washington


Schools Financial Locations


Financial Details

Schools Financial Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Schools Financial. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Schools Financial U.S. Average
2.99% 6.77

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2019, Schools Financial had $6,733,095 in non-current loans and $711,247 in owned assets. To cover these potential losses it had $240,475,298 in net worth and $8,856,895 in loans loss reserves. That gives it a Texas Ratio of 2.99%.

Net Worth
Schools Financial U.S. Average
11.68% 13.47%

Schools Financial FCU has a net worth of 11.68% versus the BestCashCow average of 13.47. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Schools Financial

Branches and Savings

What is Schools Financial?

A federal credit union, registered with the NCUA under certificate #68398.
Learn more about credit unions here.

Is Schools Financial FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Schools Financial?

Please see Field of Membership information above for information on who is eligible to join.

What are Schools Financial's share account and share certificate rates?

Schools Financial's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Schools Financial?

Schools Financial has total capital of $240.48 million. Full information on Schools Financial's financial position is located above.

Who owns Schools Financial?

Credit Unions are owned by their members.

Where are Schools Financial branches located?

See branch locations nearby.

Are Schools Financial ATMs Open 24/7?

Do Schools Financial ATMs accept cash deposits?

Can Schools Financial customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Schools Financial have a mobile app?

Does Schools Financial have mobile deposit?

Does Schools Financial have quick pay?

How can Schools Financial transfer money to other banks or credit unions?

Does Schools Financial report to credit bureaus?

Does Schools Financial use Chexsystems?

Does Schools Financial use Equifax?

What is Schools Financial's toll free phone number?

What is Schools Financial's ACH Routing Number?

What is Schools Financial's SWIFT code?

Where can I find Schools Financial's wire transfer form?

What is the Schools Financial address for deposits?

What Products Does Schools Financial Offer

Does Schools Financial offer mortgages?

Compare mortgage rates here.

Does Schools Financial offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Schools Financial offer auto and RV loans?

Compare auto loan rates here.

Does Schools Financial offer student loans or personal loans?

Compare personal loan rates here.

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