Schools Federal Credit Union


Overview / Commentary
310-632-0100
20101 Hamilton Ave Ste 150
Torrance, CA 90502

Schools Federal Credit Union is headquartered in Torrance and is the 128th largest credit union in the state of California. It is also the 1,334th largest credit union in the nation. It was established in 1939 and as of June of 2022, it had grown to 33 employees and 15,377 members at 2 locations. Schools Federal Credit Union has an A+ health rating.

Field of Membership Restrictions

Membership in Schools Federal Credit Union is open to employees and registered students of of the Los Angeles Unified School District or the Los Angeles Community College District.
See current membership details

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!



Health
A+

Health Grade Components

Overall
NCUA #3526
Year Chartered1939
Employees33
Primary Regulator
Profit Margin
Return on Assets - YTD0.55%
Return on Equity - YTD5.08%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$179.9MM$166.5MM
LoansQ2 2022vs Q2 2021$93.8MM$78.9MM
DepositsQ2 2022vs Q2 2021$155.5MM$145.5MM
Equity CapitalQ2 2022vs Q2 2021$19.5MM$19.0MM
Loan Loss AllowanceQ2 2022vs Q2 2021$1.8MM$2.0MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$519.00K$345.00K
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for Schools Federal Credit Union are currently being reviewed.

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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