Schools Credit Union

2200 W Artesia Blvd
Compton, CA 90220
(866) 459-2345
www.schoolsfcu.org

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Schools Credit Union is headquartered in COMPTON and is the 145^th largest credit union in the state of California. It is also the 1,365^th largest credit union in the nation. It was established in 1939 and as of December of 2011, it had grown to 42 employees and 22,286 members. Schools Credit Union's savings rates are 6X the national average, and it has a 3-star health rating.

Top CD Rates in Los Angeles at Schools Federal Credit Union - 2/7/2012

Schools Federal Credit Union has three competitive long-term certificate rates. The best rates require a $90K minimum deposit and a Platinum Rewards relationship. These include a 2.33% APY for 5 years ...

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See Rates for: Checking | Savings | Money Market | CD | IRA

Schools Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.10%	$10k	-	Share Checking

Schools Credit Union Savings Account Rates

Apy	Min	Max	Product
3.00%	$50	-	Coverdell Education Savings Account
1.10%	$100	-	IRA Accumulation Account
0.10%	$10k	-	Regular Shares
0.10%	$10k	-	Christmas Club
0.10%	$10k	-	"You Name It" Savings

Schools Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.35%	$50k	-	Premium Money Market

Schools Credit Union CD Rates

Apy	Min	Max	Product
2.50%	$2k	$50k	Special 12 Month Relationship Platinum Rewards CD
2.33%	$90k	-	60 Month Platinum Rewards CD
2.08%	$90k	-	48 - 59 Month Platinum Rewards CD
1.84%	$90k	-	36 - 47 Month Platinum Rewards CD
1.24%	$90k	-	24 - 35 Month Platinum Rewards CD
0.85%	$90k	-	12 - 23 Month Platinum Rewards CD
0.65%	$90k	-	6 - 11 Month Platinum Rewards CD
0.50%	$90k	-	3 - 5 Month Platinum Rewards CD

Schools Credit Union IRA Rates

Apy	Min	Max	Product
2.50%	$2k	$50k	Special 12 Month Relationship Educational Platinum Rewards IRA
2.50%	$2k	$50k	Special 12 Month Relationship Roth Platinum Rewards IRA
2.50%	$2k	$50k	Special 12 Month Relationship Traditional Platinum Rewards IRA
2.33%	$90k	-	60 Month Roth Platinum Rewards IRA
2.33%	$90k	-	60 Month Educational Platinum Rewards IRA
2.33%	$90k	-	60 Month Traditional Platinum Rewards IRA
2.08%	$90k	-	48 - 59 Month Roth Platinum Rewards IRA
2.08%	$90k	-	48 - 59 Month Educational Platinum Rewards IRA
2.08%	$90k	-	48 - 59 Month Traditional Platinum Rewards IRA
1.84%	$90k	-	36 - 47 Month Roth Platinum Rewards IRA
1.84%	$90k	-	36 - 47 Month Educational Platinum Rewards IRA
1.84%	$90k	-	36 - 47 Month Traditional Platinum Rewards IRA
1.24%	$90k	-	24 - 35 Month Roth Platinum Rewards IRA
1.24%	$90k	-	24 - 35 Month Educational Platinum Rewards IRA
1.24%	$90k	-	24 - 35 Month Traditional Platinum Rewards IRA
0.85%	$90k	-	12 - 23 Month Roth Platinum Rewards IRA
0.85%	$90k	-	12 - 23 Month Educational Platinum Rewards IRA
0.85%	$90k	-	12 - 23 Month Traditional Platinum Rewards IRA
0.65%	$90k	-	6 - 11 Month Roth Platinum Rewards IRA
0.65%	$90k	-	6 - 11 Month Educational Platinum Rewards IRA
0.65%	$90k	-	6 - 11 Month Traditional Platinum Rewards IRA
0.60%	$2k	$50k	Special 18 Month Roth Platinum Rewards IRA
0.60%	$2k	$50k	Special 18 Month Educational Platinum Rewards IRA
0.60%	$2k	$50k	Special 18 Month Traditional Platinum Rewards IRA
0.50%	$90k	-	3 - 5 Month Roth Platinum Rewards IRA
0.50%	$90k	-	3 - 5 Month Educational Platinum Rewards IRA
0.50%	$90k	-	3 - 5 Month Traditional Platinum Rewards IRA

Rates updated: 5/26/2012

Data for Q4 2011

Institution Statistics

SCHOOLS
NCUA #	3526
BankRate Report	View
Year Chartered	1939
Employees	42
Primary Regulator
Assets and Liabilities
Assets	$107.22 million
Loans	$66.10 million
Deposits	$94.19 million
Equity Capital	$10.94 million
Loan Loss Allowance	$3.21 million
Unbacked Noncurrent Loans	$4.30 million
Real Estate Owned	$264,000
Historic Data - December 2010
Assets	$104.28 million
Equity Capital	$8.97 million
Loan Loss Allowance	$6.28 million
Unbacked Noncurrent Loans	$3.29 million
Real Estate Owned	$361,000
Profit Margin - Quarterly
Net Interest Margin	6.68%
Return on Assets	1.91%
Return on Equity	18.76%
Interest Income	$5.55 million
Non-Interest Income	$2.79 million

Institution Health

Overall Score:

3 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Schools Credit Union had $4.57 million in non-current loans and owned real-estate with $14.15 million in equity and loan loss allowances on hand to cover it. This gives Schools Credit Union a Texas Ratio of 32.28% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Schools Credit Union increased slightly from 23.93% as of December 31, 2010 to 32.28% as of December 31, 2011, resulting in a negative change of 34.92%. This indicates that the balance sheet and financial strength for Schools Credit Union has declined slightly in recent periods.
Deposit Growth
In the past year, Schools Credit Union has increased its total deposits by $440,000, resulting in 0.47% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Schools Credit Union has shown is average.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Schools Credit Union has $107.22 million in assets with $14.15 million in equity, resulting in a capitalization level of 13.20%, which is excellent.