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Overview / Commentary
866-459-2345
2200 W Artesia Blvd
Rancho Dominguez, CA 90220

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

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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
Employees34
Primary Regulator
Profit Margin
Return on Assets - YTD0.64%
Return on Equity - YTD6.13%
Annual Interest Income$2.1MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$118.0MM$113.9MM
LoansQ2 2016vs Q2 2015$71.1MM$70.8MM
DepositsQ2 2016vs Q2 2015$105.1MM$102.1MM
Equity CapitalQ2 2016vs Q2 2015$12.2MM$11.3MM
Loan Loss AllowanceQ2 2016vs Q2 2015$2.1MM$1.9MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$735.00K$360.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
Rates
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* 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% $2,500 - $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

APYMINMAXACCOUNT NAMEVIEW 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

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$10k*-Interest Checking
OTHER TIERS: 0.05% $2,500 - $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 Office2200 W Artesia BlvdRancho Dominguez, CA 90220
Branch Office850 W CESAR E CHAVEZ AVELOS ANGELES, CA 90012-2131