SchoolsFirst Federal Credit Union

SchoolsFirst Federal Credit Union Locations

P.O. Box 11547
Santa Ana, CA 92711
(714)258-4000
www.schoolsfirstfcu.org

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SchoolsFirst Federal Credit Union is headquartered in SANTA ANA and is the largest credit union in the state of California. It is also the 5^th largest credit union in the nation. It was established in 1934 and as of September of 2011, it had grown to 834 employees and 491,199 members. SchoolsFirst Federal Credit Union has a 5-star health rating.

Join Schools First FCU Before September 30th And Get $75.00 (Forum) - 9/21/2011

Join Schools First FCU before September 30th by opening a School Employee Membership package and a Summer Saver Account (currently paying 2.99% APY) and receive $75.00

What Happened to the Add-On Certificates of Deposit? - 7/8/2010

Add-On CDs allow you to make additional deposits during the term of the CD. This has been a nice feature for depositors in the last two years as interest rates have continued to fall. They may have be ...

Top 30-Month and 60-Month CD Rates at SchoolsFirst FCU in CA - Local Only - 6/29/2010

SchoolsFirst Federal Credit Union continues to offer very competitive long-term CDs and IRA CDs. The promotional CD continues to be a 2.50% APY 30-month add-on CD. As I reported before, this allows un ...

SchoolsFirst FCU Continues to Offer Some of the Best CD Rates in California (Forum) - 6/4/2010

Some of the good deals as of 6/04/2010 at SchoolsFirst Federal Credit Union include a 2.50% APY 30-month CD that allows add-on deposits and a 3.35% APY 60-month Jumbo CD. These are the same rates as when I last posted on these CDs in April.

2010

2009

2008

5/27 - 3.65% 5-Month CD at a California CU - Add-On Feature (SchoolsFirst)

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

SchoolsFirst Federal Credit Union Checking Account Rates

	Apy	Min	Max	Product
	0.05%	$25	-	Investment Checking

SchoolsFirst Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.45%	$200	-	12 Month College Saver
0.30%	-	-	My Club Account
0.30%	-	-	Accumulation IRA
0.10%	-	-	Share Savings

SchoolsFirst Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.40%	$100k	-	Liquid Advantage Money Market

SchoolsFirst Federal Credit Union CD Rates

Apy	Min	Max	Product
1.50%	$100k	-	60 Month Share Certificate
1.20%	$100k	-	48 - 59 Month Share Certificate
1.00%	$100k	-	36 - 47 Month Share Certificate
0.70%	$100k	-	24 - 35 Month Share Certificate
0.60%	$100k	-	18 - 23 Month Share Certificate
0.50%	$100k	-	12 - 17 Month Share Certificate
0.45%	$100k	-	6 - 11 Month Share Certificate
0.40%	$100k	-	3 - 5 Month Share Certificate
0.30%	$100k	-	30 Day Share Certificate

SchoolsFirst Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.75%	$100	-	12 Month Coverdell Education Savings Account
1.55%	$100k	-	60 Month IRA Share Certificate
1.55%	$100k	-	60 Month Roth IRA Share Certificate
1.25%	$100k	-	48 - 59 Month IRA Share Certificate
1.25%	$100k	-	48 - 59 Month Roth IRA Share Certificate
1.05%	$100k	-	36 - 47 Month IRA Share Certificate
1.05%	$100k	-	36 - 47 Month Roth IRA Share Certificate
0.75%	$100k	-	24 - 35 Month IRA Share Certificate
0.75%	$100k	-	24 - 35 Month Roth IRA Share Certificate
0.65%	$100k	-	18 - 23 Month IRA Share Certificate
0.65%	$100k	-	18 - 23 Month Roth IRA Share Certificate
0.55%	$100k	-	12 - 17 Month IRA Share Certificate
0.55%	$100k	-	12 - 17 Month Roth IRA Share Certificate
0.50%	$100k	-	6 - 11 Month IRA Share Certificate
0.50%	$100k	-	6 - 11 Month Roth IRA Share Certificate
0.45%	$100k	-	3 - 5 Month IRA Share Certificate
0.45%	$100k	-	3 - 5 Month Roth IRA Share Certificate
0.40%	$100k	-	30 Day IRA Share Certificate
0.40%	$100k	-	30 Day Roth IRA Share Certificate

Rates updated: 2/10/2012

Data for Q3 2011

Institution Statistics

SCHOOLSFIRST
NCUA #	24212
BankRate Report	View
Year Established	1934
Employees	834
Primary Regulator
Assets and Liabilities
Assets	$8.78 billion
Loans	$4.16 billion
Deposits	$7.58 billion
Equity Capital	$883.69 million
Loan Loss Allowance	$128.29 million
Unbacked Noncurrent Loans	$57.48 million
Real Estate Owned	$3.41 million
Historic Data - September 2010
Assets	$8.36 billion
Equity Capital	$813.45 million
Loan Loss Allowance	$138.86 million
Unbacked Noncurrent Loans	$77.40 million
Real Estate Owned	$5.36 million
Profit Margin - Quarterly
Net Interest Margin	3.22%
Return on Assets	0.76%
Return on Equity	7.57%
Interest Income	$235.86 million
Non-Interest Income	$52.59 million

Institution Health

Overall Score:

5 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 September 30, 2011 SchoolsFirst Federal Credit Union had $60.89 million in non-current loans and owned real-estate with $1.01 billion in equity and loan loss allowances on hand to cover it. This gives SchoolsFirst Federal Credit Union a Texas Ratio of 6.02% 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 SchoolsFirst Federal Credit Union decreased slightly from 8.69% as of September 30, 2010 to 6.02% as of September 30, 2011, resulting in a positive change of 30.76%.This indicates that the balance sheet and financial strength for SchoolsFirst Federal Credit Union has improved slightly in recent periods.
Deposit Growth
In the past year, SchoolsFirst Federal Credit Union has increased its total deposits by $362.92 million, resulting in 5.03% 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 SchoolsFirst Federal Credit Union has shown is excellent.
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. SchoolsFirst Federal Credit Union has $8.78 billion in assets with $1.01 billion in equity, resulting in a capitalization level of 11.53%, which is above average.