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1485 Response Rd Ste 126
Sacramento, CA 95815

Schools Financial Credit Union is headquartered in Sacramento and is the 22nd largest credit union in the state of California. It is also the 127th largest credit union in the nation. It was established in 1933 and as of March of 2014, it had grown to 271 employees and 115,284 members. Schools Financial Credit Union's savings rates are 13X the national average, and it has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in Sacramento, El Dorado, Placer, Sutter, Yuba, Butte, Nevada, San Joaquin, Solano or Yolo County. - See Details

Reviews (4)

Stay Away From This Bank

They have a lot of annoying fees and expensive services compared to other banks. There are a lot of fees associated with their Bill Pay service, I would highly recommend against it. Direct deposit is the only safe way to get intrest from them.

I Made The Change...

I was always on the fence when it came to credit unions, but about five years ago when I moved to the Roseville area for a teaching job I sought out Schools in order to help me secure a car loan. The people there were friendly, and I got all the support I could ask for. At the same time, I was a long time customer of a nationally recognized bank and did not have plans to change everything over to a new company at this point in my life. However, as banks continued to make changes that seemed less and less customer friendly, I decided this past year to make the change and do all my banking through Schools Credit Union. I wish I would done this five years ago! Their customer support is great...I called in one time when there was an error and I actually spoke with a real live person within seconds of making the call unlike my old bank where it took a whole bunch of buttons being pushed, transfers, holds, etc. Their website is great too, with everything right there easy to see with no hidden mumbo jumbo. On top of this, because of their relationship with other credit unions, I can go to a different one down the street from my house and take out cash for free, where before my bank was ten minutes farther away, and if I used anyone else I got assessed fees from both the ATM and my bank! Anyway, I am so glad I made the switch to Schools. I can't imagine going back to a mega-bank!

Unexpected Funds Withdrawal And Fees For Billpay Service

Frustration in dealing with their BillPay service and their customer service afterward. Ripped up a billpay check and transferred the funds to another account, not knowing it was going to be withdrawn from my account EVEN IF THE PAYEE didn't cash it! Was charged not one, but TWO overdrawn fees, and had the customer service rep insist she could not remove those fees from the account because it was in the "Billpay Disclosure" that fees would be withdrawn from the account. She was unable to tell me where it said that (I'm sure it was in fine print somewhere). She was civil enough, but I nonetheless decided this was one unpredictable fee too many (there have been others) to be worth keeping my account here.

Cashier Check

I 've never heard of these people, a cashier check  was deliver to my home for the amount of 2, 400.00 with note date or any kind of bank posted on it.  I mean does stupid look written across my forehead.  People are so full of scams i tore the check up.  If you never had any dealings with these folks on the phone, DON'T FALL FOR IT.   No one is giving away money FREE.


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 Financial Credit Union had $2.7 million in non-current loans and owned real-estate with $152.5 million in equity and loan loss allowances on hand to cover it. This gives Schools Financial Credit Union a Texas Ratio of 1.77% 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 Financial Credit Union decreased dramatically from 2.79% as of March 31, 2013 to 1.77% as of March 31, 2014, resulting in a positive change of 36.46%.This indicates that the balance sheet and financial strength for Schools Financial Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Schools Financial Credit Union has increased its total deposits by $37.56 million, resulting in 2.91% 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 Financial Credit Union has shown is above 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 Financial Credit Union has $1.48 billion in assets with $152.5 million in equity, resulting in a capitalization level of 10.28%, which is above average.

Institution Statistics

NCUA #68398
Year Chartered1933
Primary Regulator
Assets and Liabilities
Assets$1.48 billion
Loans$665.15 million
Deposits$1.33 billion
Equity Capital$146.36 million
Loan Loss Allowance$6.15 million
Unbacked Noncurrent Loans$2.54 million
Real Estate Owned$161,000
Historic Data - March 2013
Assets$1.44 billion
Equity Capital$138.33 million
Loan Loss Allowance$9.36 million
Unbacked Noncurrent Loans$2.54 million
Real Estate Owned$966,000
Profit Margin - Quarterly
Net Interest Margin1.01%
Return on Assets0.87%
Return on Equity8.8%
Interest Income$9.94 million

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Schools Financial Credit Union Savings Account Rates

7.00%-$500Banking for Everyone Savings
7.00%-$500Banking for Youth
0.15%$100k-IRA Savings
0.15%$100k-Deferred Compensation Share Account
0.15%$50k-Super$hare Account
0.15%$100k-Roth IRA Savings
0.15%$100k-CESA Savings
0.15%$100k-SEP IRA Savings
0.05%--Summer Reserve
0.05%--Holiday Savings

Schools Financial Credit Union Money Market Rates

0.15%$100k-Premier Money Market

Schools Financial Credit Union Checking Account Rates

0.05%--Interest Checking

Schools Financial Credit Union CD Rates

1.05%$1k-60 Month Premium Rate CD
1.05%$500$50k60 Month Deferred Compensation CD
0.85%$1k-48 Month Premium Rate CD
0.85%$500$50k48 Month Deferred Compensation CD
0.50%$1k-36 Month Premium Rate CD
0.50%$500$50k36 Month Deferred Compensation CD
0.35%$1k-30 Month Premium Rate CD
0.35%$10k-30 Month Premium Rate Opt-Up CD
0.35%$500$50k30 Month Deferred Compensation CD
0.35%$10k-30 Month Opt-Up Deferred Compensation CD
0.25%$1k-12 Month Premium Rate CD
0.25%$200-12 Month Premium Rate College Saver
0.25%$10k-12 Month Premium Rate Add-On CD
0.25%$500$50k12 Month Deferred Compensation CD
0.25%$10k-12 Month Add-On Deferred Compensation CD
0.20%$1k-6 Month Premium Rate CD
0.20%$500$50k6 Month Deferred Compensation CD
0.08%$1k-3 Month Premium Rate CD
0.08%$500$50k3 Month Deferred Compensation CD

Schools Financial Credit Union IRA Rates

1.05%$500$50k60 Month IRA
0.85%$500$50k48 Month IRA
0.50%$500$50k36 Month IRA
0.35%$10k-30 Month Opt-Up IRA
0.35%$500$50k30 Month IRA
0.25%$10k-12 Month Add-On IRA
0.25%$500$50k12 Month IRA
0.20%$500$50k6 Month IRA
0.08%$500$50k3 Month IRA

Schools Financial Credit Union has 12 locations. Click to view all Schools Financial Credit Union locations.