Featured Savings Rates
Featured Accounts

SchoolsFirst Federal Credit Union

Popular Accounts at this Credit Union

2.10%5-year CD60 Month Share Certificate
3.00%Reward SavingsPaycheck Planner - School Employees Only
1.05%1-year CD12 - 17 Month Share Certificate

Overview / Commentary
2115 N Broadway
Santa Ana, CA 92706

SchoolsFirst Federal Credit Union is headquartered in Santa Ana and is the largest credit union in the state of California. It is also the 5th largest credit union in the nation. It was established in 1934 and as of June of 2016, it had grown to 1,316 employees and 701,714 members at 48 locations. SchoolsFirst Federal Credit Union's CD rates are 17% higher than the national average, and it boasts an A+ health rating.

Field of Membership Restrictions

Membership in SchoolsFirst Federal Credit Union is open to employees and retirees of public or private schools, community colleges, authorized universities or colleges, or members of authorized education foundations in Imperial, San Diego, Kern, Riverside, San Luis Obispo, Los Angeles, Orange, Santa Barbara, or Ventura Counties in California.
See current membership details

Related Posts

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Forget the banks!

Posted by: Jngo | Oct 11, 2016

I started banking with them since 2013 and I get more satisfied with switching over to them from Bank of America every year. I've used numerous products from them such as an auto loan, credit cards, savings, and checking accounts. They are way more customer oriented than a traditional bank. Even their lobbies are more welcoming with most locations I've been to offering sweets and coffee. The workers are always pleasant and extremely helpful, the wait times are short if there even is any. Their Savings and Checking accounts offer much more interest per year than a bank, my summer saver account gets up to 3%! The only drawback is you have to be a school employee or be related to one to open an account. I was very happy with making the switch and I'm sure you will too!

Great Place To Bank

Posted by: Lisa Joyce | Oct 3, 2016

Schools first is an awesome credit union. A lot of locations and terrific customer service. You can call them and speak very quickly with representative. A lot of ATMS as well. If you are employed by a school or retiree in CALSTRS, check them out. Highly recommended.

Schoolsfirst credit union

Posted by: NariZ | Aug 3, 2016

I've had an account at this credit union for many years. Long ago, it had a different name and went through a couple of mergers. I had old checks from before the mergers with my old credit union name and account number. The representative at the bank offered to give me new checks with the new credit union name (after the merger) and new account number. It was really nice of her, and I got the box of checks with the new information for free. When I suspected someone had my account information, I called the credit union, and they were very helpful at getting my account protected. Their customer service is really superb, and they were very patient with my problems. The only problem I've had with them is that sometimes it could be difficult to find parking space because it was in a busy area.

A Teacher's Credit Union That Truly Serves

Posted by: TomPat | Jan 4, 2016

I have been a member of this credit union for over 8 years now -- I opened an account right when I started working at a public school in Orange County, California. I ended up having numerous accounts with them, a few savings accounts, a checking account, and an educator's savings account (10-month CD) with them. The interest rates were very competitive, and the customer service and soft benefits were beyond what I experienced from any other bank or credit union I have worked with before. Furthermore, this bank does not assess service charges on low balance accounts, so if you are to "organize your funds" into multiple smaller accounts -- for example, an account for car repairs, or down payments, or "rainy day fund", there are no minimum balances to keep, other than a nominal $5.00 share fee (which belongs to you, and will be given back to you when you close the account).

This bank is truly owned by the members and they make you feel that way as well. They serve the teachers with services such as an auto-buying service where they will do the shopping to find the car that you want, legal consultation services, financial advice and planning services, among other benefits. The customer service is based in the United States and are very patient to understand your situation and to get you to someone that can help right away.

If you are an educator or work for a school in Southern California and you are not taking advantage of being with SchoolsFirst Federal Credit Union -- you are missing out on a great bank that provides a lot of services for their members without the hidden fees and nonsense of other banks.



Health Grade Components

NCUA #24212
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.76%
Return on Equity - YTD6.71%
Annual Interest Income$172.6MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$12.43B$11.41B
LoansQ2 2016vs Q2 2015$6.02B$5.27B
DepositsQ2 2016vs Q2 2015$10.53B$9.54B
Equity CapitalQ2 2016vs Q2 2015$1.40B$1.31B
Loan Loss AllowanceQ2 2016vs Q2 2015$56.9MM$57.8MM
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$27.8MM$29.6MM
Real Estate OwnedQ2 2016vs Q2 2015$670.00K$1.2MM
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

SchoolsFirst Federal Credit Union Savings Account Rates

3.00%--Summer Saver - School Employees Only
3.00%--Paycheck Planner - School Employees Only
0.20%--My Club Account
0.20%--Accumulation IRA
0.10%--Share Savings

SchoolsFirst Federal Credit Union Money Market Rates

0.30%*$100k*-Liquid Advantage Money Market
OTHER TIERS: 0.15% $2k - $25k | 0.20% $25k - $50k | 0.25% $50k - $100k

SchoolsFirst Federal Credit Union Checking Account Rates

0.10%*$100k*-Investment Checking
OTHER TIERS: 0.05% $25 - $25k | 0.08% $25k - $100k

SchoolsFirst Federal Credit Union CD Rates

2.60%--60 Month Deferred Compensation Certificate - School Employees Only
2.10%*$100k*-60 Month Share Certificate
OTHER TIERS: 1.95% $500 - $20k | 2.00% $20k - $50k | 2.05% $50k - $100k
1.70%*$100k*-48 - 59 Month Share Certificate
OTHER TIERS: 1.55% $500 - $20k | 1.60% $20k - $50k | 1.65% $50k - $100k
1.60%--36 Month Deferred Compensation Certificate - School Employees Only
1.50%*$100k*-36 - 47 Month Share Certificate
OTHER TIERS: 1.35% $500 - $20k | 1.40% $20k - $50k | 1.45% $50k - $100k
1.30%*$100k*-24 - 35 Month Share Certificate
OTHER TIERS: 1.15% $500 - $20k | 1.20% $20k - $50k | 1.25% $50k - $100k
1.20%--12 Month Deferred Compensation Certificate - School Employees Only
1.10%*$100k*-18 - 23 Month Share Certificate
OTHER TIERS: 0.95% $500 - $20k | 1.01% $20k - $50k | 1.05% $50k - $100k
1.05%*$100k*-12 - 17 Month Share Certificate
OTHER TIERS: 0.90% $500 - $20k | 0.95% $20k - $50k | 1.01% $50k - $100k
1.01%$200-12 Month College Saver
0.80%*$100k*-6 - 11 Month Share Certificate
OTHER TIERS: 0.65% $500 - $20k | 0.70% $20k - $50k | 0.75% $50k - $100k
0.50%*$100k*-3 - 5 Month Share Certificate
OTHER TIERS: 0.35% $500 - $20k | 0.40% $20k - $50k | 0.45% $50k - $100k
0.30%*$100k*-30 Day Share Certificate
OTHER TIERS: 0.15% $500 - $20k | 0.20% $20k - $50k | 0.25% $50k - $100k

SchoolsFirst Federal Credit Union IRA Rates

2.15%*$100k*-60 Month IRA Certificate
OTHER TIERS: 2.00% $500 - $20k | 2.05% $20k - $50k | 2.10% $50k - $100k
2.05%$100-12 Month Coverdell Education Savings Account
1.75%*$100k*-48 - 59 Month IRA Certificate
OTHER TIERS: 1.60% $500 - $20k | 1.65% $20k - $50k | 1.70% $50k - $100k
1.55%*$100k*-36 - 47 Month IRA Certificate
OTHER TIERS: 1.40% $500 - $20k | 1.45% $20k - $50k | 1.50% $50k - $100k
1.35%*$100k*-24 - 35 Month IRA Certificate
OTHER TIERS: 1.20% $500 - $20k | 1.25% $20k - $50k | 1.30% $50k - $100k
1.15%*$100k*-18 - 23 Month IRA Certificate
OTHER TIERS: 1.01% $500 - $20k | 1.05% $20k - $50k | 1.10% $50k - $100k
1.10%*$100k*-12 - 17 Month IRA Certificate
OTHER TIERS: 0.95% $500 - $20k | 1.01% $20k - $50k | 1.05% $50k - $100k
0.85%*$100k*-6 - 11 Month IRA Certificate
OTHER TIERS: 0.70% $500 - $20k | 0.75% $20k - $50k | 0.80% $50k - $100k
0.55%*$100k*-3 - 5 Month IRA Certificate
OTHER TIERS: 0.40% $500 - $20k | 0.45% $20k - $50k | 0.50% $50k - $100k
0.35%*$100k*-30 Day IRA Certificate
OTHER TIERS: 0.20% $500 - $20k | 0.25% $20k - $50k | 0.30% $50k - $100k

SchoolsFirst Federal Credit Union has 48 locations. Click to view all SchoolsFirst Federal Credit Union locations.