SCHOOLSFIRST

PO BOX 11547
Santa Ana, CA 92711

Phone: 1-714-258-4000

 

2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 24212
Date Established 1934
Assets $15,206.28 million
Loans $8,761.80 million
Deposits $12,976.13 million
Capital $1,737.66 million

Schoolsfirst is an NCUA insured institution located in Santa Ana, CA. It was founded in 1934 and has approximately $15206.28 millions in assets.

Who can join?

SchoolsFirst FCU’s service area is the following Southern California counties:

Imperial
Kern
Los Angeles
Orange
Riverside
San Bernardino
San Diego
San Luis Obispo
Santa Barbara
Ventura


Within those counties, we serve employees of the following educational entities:

Public elementary and secondary schools

Private elementary and secondary schools that are listed as a private school in
the California Department of Education School Directory

County Superintendents of Schools

Community Colleges

Authorized colleges and universities that offer degree programs

Authorized education foundations


In addition, we serve the following:

Members of the boards of trustees of eligible schools

Educators who have retired from one of the above eligible educational entities, who received or are receiving a pension or annuity from
that entity’s retirement program, such as STRS or PERS

Immediate family members of any existing SchoolsFirst FCU Member (spouse, mother, father, brother, sister, son, daughter, grandparent, grandchild)

Field of Membership Restrictions

Membership in SchoolsFirst Federal Credit Union is open to employees and retirees of public or private schools, community colleges, authorized universities or colleges, or members of authorized education foundations in Imperial, San Diego, Kern, Riverside, San Luis Obispo, Los Angeles, Orange, Santa Barbara, or Ventura Counties in California.

Deposit Rates - April 21, 2019

Your Current Location: Washington, WA 98109

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Money Market
0.30% $2,000 $9,999 Learn MoreShow Less
Money Market
0.40% $10,000 $24,999 Learn MoreShow Less
Money Market
0.55% $25,000 $49,999 Learn MoreShow Less
Fixed IRA Rates APY MIN MAX
2.25% $500 $19,999 Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
1.40% $500 $19,999 Learn MoreShow Less
2.00% $500 $19,999 Learn MoreShow Less
2.20% $500 $19,999 Learn MoreShow Less
2.50% $500 $19,999 Learn MoreShow Less
2.55% $500 $19,999 Learn MoreShow Less
2.55% $500 $19,999 Learn MoreShow Less
2.70% $100,000 $9,999,999 Learn MoreShow Less
2.65% $500 $19,999 Learn MoreShow Less
2.75% $500 $19,999 Learn MoreShow Less
2.95% $500 $19,999 Learn MoreShow Less
Variable IRA Rates APY MIN MAX
Var IRA
0.55% $10 - Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $1 $24,999 Learn MoreShow Less

Loan Rates - April 21, 2019

Your Current Location: Washington, WA 98109

Auto Loan Rates APR Rate Monthly Payment
3 Year 2.84% 2.84% $725.27
4 Year 2.84% 2.84% $551.59
5 Year 2.84% 2.84% $447.44
Refinance Mortgage Rates APR Rate Monthly Payment
Purchase Mortgage Rates APR Rate Monthly Payment

Monthly payments for mortgage products are based on a loan amount of $200,000. Home equity monthly payments are based on a loan amount of $50,000. Auto loan monthly payments are based on a loan amount of $25,000. Rates for each product are based on a variety of factors including credit score and loan amount. For specific requirements please check with the lender. Rates may change at any time.



Branches

Below are Schoolsfirst 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


Schoolsfirst Locations


Financial Details

Schoolsfirst Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Schoolsfirst. 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
Schoolsfirst U.S. Average
2.67% 7.49

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, 2018, Schoolsfirst had $46,686,107 in non-current loans and $1,370,285 in owned assets. To cover these potential losses it had $1,737,663,745 in net worth and $64,870,184 in loans loss reserves. That gives it a Texas Ratio of 2.67%.

Net Worth
Schoolsfirst U.S. Average
11.42% 13.61%

Schoolsfirst FCU has a net worth of 11.42% versus the BestCashCow average of 13.61. 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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