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2200 W Artesia Blvd
Compton, CA 90220

Schools Credit Union is headquartered in Rancho Dominguez and is the 144th largest credit union in the state of California. It is also the 1,406th largest credit union in the nation. It was established in 1939 and as of March of 2014, it had grown to 39 employees and 17,129 members. Schools Credit Union's CD rates are 3X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Must be an employee of the Los Angeles Unified School District or several other education-related groups. - See Details

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Reviews (1)

Worst Credit Union Ever

Worst financial decision I made in 2013 was doing business with Schools Federal Credit Union.

Customer service was terrible (with the exception of one individual). They do everything different than any other bank or credit union and it all moves at glacial speed.

But the worst is the way they advertise a high interest rate for savings and then reduce it by more than 90% retroactively based on a footnote on their rate page. In other words, they have your money for almost three months and then decide not to pay you the interest they advertised. Classic bait and switch. Avoid this company like the plague!


Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Schools Credit Union had $505,000 in non-current loans and owned real-estate with $11.93 million in equity and loan loss allowances on hand to cover it. This gives Schools Credit Union a Texas Ratio of 4.23% which is excellent. 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 decreased dramatically from 7.08% as of March 31, 2013 to 4.23% as of March 31, 2014, resulting in a positive change of 40.24%.This indicates that the balance sheet and financial strength for Schools Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Schools Credit Union has decreased its total deposits by -$2.61 million, resulting in -2.53% 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 below average.



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 $111.77 million in assets with $11.93 million in equity, resulting in a capitalization level of 10.68%, which is above average.

Institution Statistics

NCUA #3526
Year Chartered1939
Primary Regulator
Assets and Liabilities
Assets$111.77 million
Loans$76.03 million
Deposits$100.71 million
Equity Capital$10.39 million
Loan Loss Allowance$1.55 million
Unbacked Noncurrent Loans$505,000
Real Estate Owned$0
Historic Data - March 2013
Assets$115.85 million
Equity Capital$11.19 million
Loan Loss Allowance$1.40 million
Unbacked Noncurrent Loans$505,000
Real Estate Owned$445,000
Profit Margin - Quarterly
Net Interest Margin1.34%
Return on Assets0.53%
Return on Equity5.7%
Interest Income$1.15 million

Always verify rates and promotions with the bank or credit union. We are not Schools Credit Union, we are a rate comparison website and can not provide official rates or promotions.

Schools Credit Union Savings Account Rates

0.15%$100-IRA Accumulation Account
0.15%$50-Coverdell Education Savings Account
0.10%$10k-Regular Shares
0.10%$10k-Christmas Club
0.10%$10k-"You Name It" Savings

Schools Credit Union Money Market Rates

0.30%$50k-Premium Money Market

Schools Credit Union Checking Account Rates

0.10%$10k-Interest Checking

Schools Credit Union CD Rates

2.50%$2k$50kSpecial 12 Month Relationship CD
1.30%$90k-60 Month CD
1.00%$90k-48 - 59 Month CD
0.80%$90k-36 - 47 Month CD
0.50%$90k-24 - 35 Month CD
0.40%$90k-12 - 23 Month CD

Schools Credit Union IRA Rates

1.30%$90k-60 Month IRA CD
1.00%$90k-48 - 59 Month IRA CD
0.80%$90k-36 - 47 Month IRA CD
0.50%$90k-24 - 35 Month IRA CD
0.45%$2k-18 Month Special IRA
0.40%$90k-12 - 23 Month IRA CD

Schools Credit Union Locations
Branch Office2200 W Artesia BlvdRancho Dominguez, CA 90220
Branch Office1000 E Victoria StCarson, CA 90747-0001
Branch Office850 W CESAR E CHAVEZ AVELOS ANGELES, CA 90012-2131