Schools Federal Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.30% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 1.00% | 4-year CD | 48 - 59 Month CD |
| 0.80% | 3-year CD | 36 - 47 Month CD 1.55% - Ally Bank High Yield 3 Year CD |
Schools Federal Credit Union is headquartered in Rancho Dominguez and is the 143rd largest credit union in the state of California. It is also the 1,411th largest credit union in the nation. It was established in 1939 and as of June of 2016, it had grown to 34 employees and 15,435 members at 2 locations. Schools Federal Credit Union has an A health rating.
Field of Membership Restrictions
Must be an employee of the Los Angeles Unified School District or several other education-related groups.
See current membership details
Related Posts
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 as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 3526 |
| Year Chartered | 1939 |
| Employees | 34 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.64% |
| Return on Equity - YTD | 6.13% |
| Annual Interest Income | $2.1MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $118.0MM$113.9MM |
| Loans | Q2 2016vs Q2 2015 | $71.1MM$70.8MM |
| Deposits | Q2 2016vs Q2 2015 | $105.1MM$102.1MM |
| Equity Capital | Q2 2016vs Q2 2015 | $12.2MM$11.3MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $2.1MM$1.9MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $735.00K$360.00K |
| Real Estate Owned | Q2 2016vs Q2 2015 | $0$0 |
Always verify rates and promotions with the bank or credit union. We are not Schools Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Schools Federal Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15% | $100 | - | IRA Accumulation Account | ||
| 0.15% | $50 | - | Coverdell Education Savings Account | ||
| 0.10%* | $10k* | - | Regular Shares | ||
| OTHER TIERS: 0.05% → $2,500 - $10k | |||||
| 0.10%* | $10k* | - | Christmas Club | ||
| OTHER TIERS: 0.05% → $2,500 - $10k | |||||
| 0.10%* | $10k* | - | "You Name It" Savings | ||
| OTHER TIERS: 0.05% → $2,500 - $10k | |||||
Schools Federal Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.30%* | $50k* | - | Premium Money Market | ||
| OTHER TIERS: 0.15% → $2,500 - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | |||||
Schools Federal Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $10k* | - | Interest Checking | ||
| OTHER TIERS: 0.05% → $2,500 - $10k | |||||
Schools Federal Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 2.50% | $2k | $50k | Special 12 Month Relationship CD | ||
| 1.30%* | $90k* | - | 60 Month CD | ||
| OTHER TIERS: 0.75% → $2k - $50k | 0.93% → $50k - $90k | |||||
| 1.00%* | $90k* | - | 48 - 59 Month CD | ||
| OTHER TIERS: 0.60% → $2k - $50k | 0.73% → $50k - $90k | |||||
| 0.80%* | $90k* | - | 36 - 47 Month CD | ||
| OTHER TIERS: 0.40% → $2k - $50k | 0.53% → $50k - $90k | |||||
| 0.50%* | $90k* | - | 24 - 35 Month CD | ||
| OTHER TIERS: 0.30% → $2k - $50k | 0.33% → $50k - $90k | |||||
| 0.40%* | $90k* | - | 12 - 23 Month CD | ||
| OTHER TIERS: 0.20% → $2k - $50k | 0.32% → $50k - $90k | |||||
Schools Federal Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.30%* | $90k* | - | 60 Month IRA CD | ||
| OTHER TIERS: 0.75% → $2k - $50k | 0.93% → $50k - $90k | |||||
| 1.00%* | $90k* | - | 48 - 59 Month IRA CD | ||
| OTHER TIERS: 0.60% → $2k - $50k | 0.73% → $50k - $90k | |||||
| 0.80%* | $90k* | - | 36 - 47 Month IRA CD | ||
| OTHER TIERS: 0.40% → $2k - $50k | 0.53% → $50k - $90k | |||||
| 0.50%* | $90k* | - | 24 - 35 Month IRA CD | ||
| OTHER TIERS: 0.30% → $2k - $50k | 0.33% → $50k - $90k | |||||
| 0.45% | $2k | - | 18 Month Special IRA | ||
| 0.40%* | $90k* | - | 12 - 23 Month IRA CD | ||
| OTHER TIERS: 0.20% → $2k - $50k | 0.32% → $50k - $90k | |||||
| Schools Federal Credit Union Locations | ||
|---|---|---|
| Branch Office | 2200 W Artesia Blvd | Rancho Dominguez, CA 90220 |
| Branch Office | 850 W CESAR E CHAVEZ AVE | LOS ANGELES, CA 90012-2131 |