Featured Savings Rates
Featured Accounts

SchoolsFirst Federal Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
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
714-258-4000
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 March of 2016, it had grown to 1,276 employees and 689,637 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

You must work in the educational industry in one of the following California counties: Imperial, Kern, Los Angeles, Orange, Riverside, San Bernardino, San Diego, San Luis Obispo, Santa Barbara or Ventura.
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Related Posts

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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.

Schools First Rocks!

Posted by: Patrick3 | Jun 11, 2014

Schools First (formally OCTFCU), is by far the best credit union in Southern California. It has many branches throughout Southern California, hundreds of fee-free ATMs and wonderful over the phone customer service. In branch, they offer all of the services that are offered by all the big-name banks without the monthly fees. The offer coin counting machines, special loans for teachers, and a personal level of service not often found in banks today. As if things already weren't good enough, they offer a brand-new online banking system that not only has tons of features, but is extremely easy to use. I have been extremely pleased during the 8 years I have used Schools First, and I have no doubt you will too!

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.

Disappointed In Service

Posted by: sueolay | Jun 29, 2012

I have been a member of this credit union since 1997.  I became a teacher 8 years ago and for the past three years have been dealing with furlough days (usually 8-10 per year).  This time around I am dealing with up to 27 furlough days.  In my circumstance, due to the furlough days, I racked up my credit card with SchoolsFirst (sometimes having to pay my rent on it).  Recently, I asked SchoolsFirst what they could do for me.  I have my credit card and car loan through them.  I asked if I could skip summer payments on one or the other, or defer car payments for 2-3 months.  I cried, begged, pleaded with them to help me.  Their response:  There are worse people off than you, so you do not qualify for hardship and we cannot give you three months deferrment on your car or lower your credit card payment.  The only thing they told me, please feel free to make an appointment with our "balance" department so you can manage your money.  I cannot believe they could not grant me this request, especially since I am a person who pays my bills ON TIME and has great credit.  Being a teacher has been very difficult for me financially.  I know I chose this profession and will continue to stay in it.  However, the economy is worse than it has ever been and because I want to maintain paying my bills on time, I asked for (what I feel was very minor) some grace period to help me get back on track and SchoolsFirst shut the door on me with the advice of "Balance your Budget". I do not deny needing to balance my budget (95% of this world needs to budget their money better) however, when there is a struggle to pay bills and I am told I don't qualify for hardship ... I INVITE YOU TO WALK A YEAR IN MY SHOES and tell me I don't qualify for hardship.  I am so disappointed with this service that I only have my checking account now through them.  I will NEVER get a credit card through them, nor finance a vehicle through them.  They are supposed to put teachers first, they absolutely do not! 

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Health
A+

Health Grade Components

Overall
NCUA #24212
Year Chartered1934
Employees1276
Primary Regulator
Profit Margin
Return on Assets - YTD0.72%
Return on Equity - YTD6.27%
Annual Interest Income$85.4MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$12.23B$11.18B
LoansQ1 2016vs Q1 2015$5.86B$5.15B
DepositsQ1 2016vs Q1 2015$10.29B$9.34B
Equity CapitalQ1 2016vs Q1 2015$1.37B$1.28B
Loan Loss AllowanceQ1 2016vs Q1 2015$56.9MM$59.4MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$28.9MM$28.7MM
Real Estate OwnedQ1 2016vs Q1 2015$1.2MM$2.5MM
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

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

SchoolsFirst Federal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
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

APYMINMAXACCOUNT NAMEVIEW DETAILS
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
Locations

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