Schools Financial Federal Credit Union

Headquarters

1485 Response Rd, Ste 126
Sacramento, CA 95815
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 2.53% →
1-Year CD N.A. 2.79% →
2-Year CD N.A. 3.20% →
5-Year CD N.A. 3.65% →
30-Year Mortgage N.A. 6.31% →
15-Year Mortgage N.A. 5.86% →
HELOC N.A. 2.79% →

2022 Overview

General Credit Union Information

Schools Financial is an NCUA insured institution located in Sacramento, CA. It was founded in 1933 and has approximately $2133.16 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.

NCUA Insured Yes / Federally Chartered
Charter Number # # 68398
Date Established 1933
Assets $2,133.16 million
Loans $1,598.22 million
Deposits $1,848.32 million
Capital $260.80 million
 

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 - August 7, 2022

Your Current Location: California, CA 92111

We do not yet have rates for Schools Financial

We're working to get deposit rates for every credit union in the world. Please bare with us until we are able to get rates for this credit union.

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Note to Schools Financial
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Advertiser Disclosure

Loan Rates - August 7, 2022

Your Current Location: California, CA 92111

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 - California 30 Year Fixed Mortgage Rates 2022

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Featured - California Home Equity Line Of Credit Rates 2022

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Bethpage Federal Credit Union
Bethpage Federal Credit Union
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Intro APR
4.990 %
After Intro: 6.250 %
Intro Period: 12 months
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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:
San Diego,California


Schools Financial Locations



Climate Initiatives

SCHOOLS FINANCIAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.

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
2.52% 4.75

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, 2022, Schools Financial had $6,093,995 in non-current loans and $686,534 in owned assets. To cover these potential losses it had $260,802,243 in net worth and $8,734,706 in loans loss reserves. That gives it a Texas Ratio of 2.52%.

Net Worth
Schools Financial U.S. Average
12.22% 12.28%

Schools Financial FCU has a net worth of 12.22% versus the BestCashCow average of 12.28. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

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