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Schools Financial Credit Union

Deposits held and insured by SchoolsFirst Federal Credit Union

Overview / Commentary
www.schools.org
916-569-5400
1485 Response Rd Ste 126
Sacramento, CA 95815
Deposits held and insured by SchoolsFirst Federal Credit Union

Field of Membership Restrictions

Membership in Schools Financial Credit Union is open to the following: (1) those who live, work, attend school or worship in Sacramento, El Dorado, Placer, Sutter, Yuba, Butte, Nevada, San Joaquin, Solano, Napa and Yolo counties in California; (2) employees or retirees of California public and licensed private schools; (3) mployees of the California School Boards Association; (4) active or lifetime members of the California Teachers Association; (5) students and Alumni Association members of California institutions of higher education.
See current membership details

Reviews (4)

I Made The Change...

Posted by: |

I was always on the fence when it came to credit unions, but about five years ago when I moved to the Roseville area for a teaching job I sought out Schools in order to help me secure a car loan. The people there were friendly, and I got all the support I could ask for. At the same time, I was a long time customer of a nationally recognized bank and did not have plans to change everything over to a new company at this point in my life. However, as banks continued to make changes that seemed less and less customer friendly, I decided this past year to make the change and do all my banking through Schools Credit Union. I wish I would done this five years ago! Their customer support is great...I called in one time when there was an error and I actually spoke with a real live person within seconds of making the call unlike my old bank where it took a whole bunch of buttons being pushed, transfers, holds, etc. Their website is great too, with everything right there easy to see with no hidden mumbo jumbo. On top of this, because of their relationship with other credit unions, I can go to a different one down the street from my house and take out cash for free, where before my bank was ten minutes farther away, and if I used anyone else I got assessed fees from both the ATM and my bank! Anyway, I am so glad I made the switch to Schools. I can't imagine going back to a mega-bank!

3

Stay Away From This Bank

Posted by: |

They have a lot of annoying fees and expensive services compared to other banks. There are a lot of fees associated with their Bill Pay service, I would highly recommend against it. Direct deposit is the only safe way to get intrest from them.

4

Unexpected Funds Withdrawal And Fees For Billpay Service

Posted by: |

Frustration in dealing with their BillPay service and their customer service afterward. Ripped up a billpay check and transferred the funds to another account, not knowing it was going to be withdrawn from my account EVEN IF THE PAYEE didn't cash it! Was charged not one, but TWO overdrawn fees, and had the customer service rep insist she could not remove those fees from the account because it was in the "Billpay Disclosure" that fees would be withdrawn from the account. She was unable to tell me where it said that (I'm sure it was in fine print somewhere). She was civil enough, but I nonetheless decided this was one unpredictable fee too many (there have been others) to be worth keeping my account here.

2

Cashier Check

Posted by: |

I 've never heard of these people, a cashier check  was deliver to my home for the amount of 2, 400.00 with note date or any kind of bank posted on it.  I mean does stupid look written across my forehead.  People are so full of scams i tore the check up.  If you never had any dealings with these folks on the phone, DON'T FALL FOR IT.   No one is giving away money FREE.

4


Health
A+

Data as of Q2 2020

Data displayed below is for insuring bank: SchoolsFirst Federal Credit Union
Learn why bank health matters

Health Grade Components

Overall
NCUA #24212
Year Chartered1934
Employees2294
Primary Regulator
Profit Margin
Return on Assets - YTD0.78%
Return on Equity - YTD6.99%
Annual Interest Income$339.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$21.62B$16.01B
LoansQ2 2020vs Q2 2019$11.66B$9.30B
DepositsQ2 2020vs Q2 2019$18.71B$13.73B
Equity CapitalQ2 2020vs Q2 2019$2.32B$1.82B
Loan Loss AllowanceQ2 2020vs Q2 2019$92.0MM$67.5MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$41.3MM$41.2MM
Real Estate OwnedQ2 2020vs Q2 2019$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Schools Financial 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 Financial Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
7.19%*$500*-Banking for Everyone Savings
OTHER TIERS: 7.00% → $1 - $500
7.19%*$500*-Banking for Youth
OTHER TIERS: 7.00% → $1 - $500
0.45%*$100k*-Super$hare Account
OTHER TIERS: 0.05% → Up to $2k | 0.15% → $2k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.35% → $50k - $100k
0.25%--IRA Savings
0.25%--Deferred Compensation Share Account
0.10%$1-Summer Reserve
0.10%$1-Holiday Savings

Schools Financial Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.45%*$100k*-Premier Money Market
OTHER TIERS: 0.05% → Up to $2k | 0.15% → $2k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.35% → $50k - $100k
0.45%*$100k*-Premier Money Market Checking
OTHER TIERS: 0.05% → Up to $2k | 0.15% → $2k - $10k | 0.20% → $10k - $25k | 0.25% → $25k - $50k | 0.35% → $50k - $100k

Schools Financial Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$100k*-Interest Checking
OTHER TIERS: 0.05% → Up to $25k | 0.08% → $25k - $100k
0.10%*$100k*-Business Checking
OTHER TIERS: 0.05% → Up to $25k | 0.08% → $25k - $100k

Schools Financial Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$100k*-60 Month Deferred Compensation CD
OTHER TIERS: 1.20% → $1k - $20k | 1.25% → $20k - $50k | 1.30% → $50k - $100k
1.30%*$100k*-60 Month Premium Rate CD
OTHER TIERS: 1.15% → $500 - $20k | 1.20% → $20k - $50k | 1.25% → $50k - $100k
1.25%*$100k*-48 Month Deferred Compensation CD
OTHER TIERS: 1.10% → $1k - $20k | 1.15% → $20k - $50k | 1.20% → $50k - $100k
1.20%*$100k*-48 Month Premium Rate CD
OTHER TIERS: 1.05% → $500 - $20k | 1.10% → $20k - $50k | 1.15% → $50k - $100k
1.20%*$100k*-36 Month Deferred Compensation CD
OTHER TIERS: 1.05% → $1k - $20k | 1.10% → $20k - $50k | 1.15% → $50k - $100k
1.15%*$100k*-36 Month Premium Rate CD
OTHER TIERS: 1.01% → $500 - $20k | 1.05% → $20k - $50k | 1.10% → $50k - $100k
1.15%*$100k*-30 Month Deferred Compensation CD
OTHER TIERS: 1.01% → $1k - $20k | 1.05% → $20k - $50k | 1.10% → $50k - $100k
1.15%*$100k*-24 Month Deferred Compensation CD
OTHER TIERS: 1.01% → $1k - $20k | 1.05% → $20k - $50k | 1.10% → $50k - $100k
1.10%*$100k*-30 Month Premium Rate CD
OTHER TIERS: 0.95% → $500 - $20k | 1.01% → $20k - $50k | 1.05% → $50k - $100k
1.10%*$100k*-24 Month Premium Rate CD
OTHER TIERS: 0.95% → $500 - $20k | 1.01% → $20k - $50k | 1.05% → $50k - $100k
1.10%*$100k*-18 Month Deferred Compensation CD
OTHER TIERS: 0.95% → $1k - $20k | 1.01% → $20k - $50k | 1.05% → $50k - $100k
1.05%*$100k*-12 Month Deferred Compensation CD
OTHER TIERS: 0.90% → $1k - $20k | 0.95% → $20k - $50k | 1.01% → $50k - $100k
1.05%*$100k*-18 Month Premium Rate CD
OTHER TIERS: 0.90% → $500 - $20k | 0.95% → $20k - $50k | 1.01% → $50k - $100k
1.01%*$100k*-12 Month Premium Rate CD
OTHER TIERS: 0.85% → $500 - $20k | 0.90% → $20k - $50k | 0.95% → $50k - $100k
0.95%$200-12 Month Premium Rate College Saver
0.85%*$100k*-30 Month Opt-Up Deferred Compensation CD
OTHER TIERS: 0.71% → $500 - $20k | 0.75% → $20k - $50k | 0.80% → $50k - $100k
0.80%*$100k*-30 Month Premium Rate Opt-Up CD
OTHER TIERS: 0.65% → $500 - $20k | 0.71% → $20k - $50k | 0.75% → $50k - $100k
0.75%*$100k*-6 Month Deferred Compensation CD
OTHER TIERS: 0.60% → $1k - $20k | 0.65% → $20k - $50k | 0.70% → $50k - $100k
0.75%*$100k*-12 Month Add-On Deferred Compensation CD
OTHER TIERS: 0.60% → $500 - $20k | 0.65% → $20k - $50k | 0.71% → $50k - $100k
0.71%*$100k*-12 Month Premium Rate Add-On CD
OTHER TIERS: 0.55% → $500 - $20k | 0.60% → $20k - $50k | 0.65% → $50k - $100k
0.70%*$100k*-6 Month Premium Rate CD
OTHER TIERS: 0.55% → $500 - $20k | 0.60% → $20k - $50k | 0.65% → $50k - $100k
0.50%*$100k*-3 Month Deferred Compensation CD
OTHER TIERS: 0.35% → $1k - $20k | 0.40% → $20k - $50k | 0.45% → $50k - $100k
0.45%*$100k*-3 Month Premium Rate CD
OTHER TIERS: 0.30% → $500 - $20k | 0.35% → $20k - $50k | 0.40% → $50k - $100k

Schools Financial Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$100k*-60 Month IRA
OTHER TIERS: 1.20% → $500 - $20k | 1.25% → $20k - $50k | 1.30% → $50k - $100k
1.25%*$100k*-48 Month IRA
OTHER TIERS: 1.10% → $500 - $20k | 1.15% → $20k - $50k | 1.20% → $50k - $100k
1.20%*$100k*-36 Month IRA
OTHER TIERS: 1.05% → $500 - $20k | 1.10% → $20k - $50k | 1.15% → $50k - $100k
1.15%*$100k*-30 Month IRA
OTHER TIERS: 1.01% → $500 - $20k | 1.05% → $20k - $50k | 1.10% → $50k - $100k
1.15%*$100k*-24 Month IRA
OTHER TIERS: 1.01% → $500 - $20k | 1.05% → $20k - $50k | 1.10% → $50k - $100k
1.10%*$100k*-18 Month IRA
OTHER TIERS: 0.95% → $500 - $20k | 1.01% → $20k - $50k | 1.05% → $50k - $100k
1.05%*$100k*-12 Month IRA
OTHER TIERS: 0.90% → $500 - $20k | 0.95% → $20k - $50k | 1.01% → $50k - $100k
0.85%*$100k*-30 Month Opt-Up IRA
OTHER TIERS: 0.71% → $500 - $20k | 0.75% → $20k - $50k | 0.80% → $50k - $100k
0.75%*$100k*-6 Month IRA
OTHER TIERS: 0.60% → $500 - $20k | 0.65% → $20k - $50k | 0.70% → $50k - $100k
0.75%*$100k*-12 Month Add-On IRA
OTHER TIERS: 0.60% → $500 - $20k | 0.65% → $20k - $50k | 0.71% → $50k - $100k
0.50%*$100k*-3 Month IRA
OTHER TIERS: 0.35% → $500 - $20k | 0.40% → $20k - $50k | 0.45% → $50k - $100k
Locations

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