Schools Financial Federal Credit Union
Headquarters
1485 Response Rd, Ste 126
Sacramento, CA 95815
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2024 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 - April 26, 2024
Your Current Location: Ohio, OH 43085
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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Loan Rates - April 26, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 1835285 |
6.734% | 6.625% | 0.88 | $3,603 | $2,049 | Learn More |
NMLS ID: 3030 |
7.476% | 7.375% | 1.00 | $3,200 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Schools Financial
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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:
Columbus,Ohio
Climate Policy and 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.
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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% | 6.97 |
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 December 31, 2023, 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% | 13.62% |
Schools Financial FCU has a net worth of 12.22% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Schools Financial
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