2. Schools Federal Credit Union

Schools Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEHOW THEY COMPARE
1.30%5-year CD
3.10% - Goldman Sachs Bank USA High-yield 5 Year CDAdvertisement
1.00%4-year CD
2.85% - Barclays 48 Month Online CDAdvertisement
0.80%3-year CD
2.85% - Synchrony Bank 36 Month CDAdvertisement
View all Schools Federal Credit Union rates »

Overview / Commentary
www.schoolsfcu.org
866-459-2345
20101 Hamilton Ave Ste 150
Torrance, CA 90502

Schools Federal Credit Union is headquartered in Torrance and is the 136th largest credit union in the state of California. It is also the 1,398th largest credit union in the nation. It was established in 1939 and as of September of 2018, it had grown to 32 employees and 14,291 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

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Reviews (1)

Worst Credit Union Ever

Posted by: Jim Chambers | Mar 10, 2014

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!

1


Health
A

Data as of Q3 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #3526
Year Chartered1939
Employees32
Primary Regulator
Profit Margin
Return on Assets - YTD0.83%
Return on Equity - YTD6.32%
Annual Interest Income$3.2MM
Assets and Liabilities
AssetsQ3 2018vs Q3 2017$126.6MM$124.6MM
LoansQ3 2018vs Q3 2017$71.4MM$73.6MM
DepositsQ3 2018vs Q3 2017$109.2MM$107.8MM
Equity CapitalQ3 2018vs Q3 2017$16.7MM$15.9MM
Loan Loss AllowanceQ3 2018vs Q3 2017$2.4MM$2.3MM
Unbacked Noncurrent LoansQ3 2018vs Q3 2017$366.00K$415.00K
Real Estate OwnedQ3 2018vs Q3 2017$0$0
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.15%$100-IRA Accumulation Account
0.15%$50-Coverdell Education Savings Account
0.10%*$10k*-Regular Shares
OTHER TIERS: 0.05% → $2.5k - $10k
0.10%*$10k*-Christmas Club
OTHER TIERS: 0.05% → $2.5k - $10k
0.10%*$10k*-"You Name It" Savings
OTHER TIERS: 0.05% → $2.5k - $10k

Schools Federal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%*$50k*-Premium Money Market
OTHER TIERS: 0.15% → $2.5k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k

Schools Federal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$10k*-Interest Checking
OTHER TIERS: 0.05% → $2.5k - $10k

Schools Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.50%$2k$50kSpecial 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

APYMINMAXACCOUNT NAMEVIEW 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
Locations


Schools Federal Credit Union Locations
Branch Office20101 Hamilton Ave Ste 150Torrance, CA 90502-1306
Branch Office850 W CESAR E CHAVEZ AVELOS ANGELES, CA 90012-2131

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