Featured Savings Rates
Featured Accounts

SchoolsFirst Federal Credit Union

Popular Accounts at this Credit Union

2.20%5-year CD60 Month Share Certificate
3.00%Reward SavingsPaycheck Planner - School Employees Only
1.15%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 September of 2016, it had grown to 1,342 employees and 718,314 members at 48 locations. SchoolsFirst Federal Credit Union's CD rates are 28% 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.

SchoolsFirst Credit Union at home and abroad

Posted by: AriRC | Jan 16, 2017

I've been a member of SchoolsFirst Credit Union for about eleven years now and they've served my needs very well. At the time I signed up, I opened checking and savings accounts and, now, as of earlier this year, a CD account. At the time I first started banking with them, they didn't have the most convenient location in the area where I live (although they were convenient to my work), but since then, they've expanded into other spaces, one of which suits me very well. The interest on my savings account is low, but it's better than nothing considering the ease with each I can move money in and out of this account. The interest on my CD is, of course, better, although rates weren't too great at the time I started out, and I'm happy to see it each month on my account statement.

The employees at SFCU have been universally helpful, when I've gone in to do such things as open that CD account, when there was an error regarding the amount of money in my checking account, and when I needed to make sure I would be able to use my bank card to withdraw money while on a trip in Japan. (Yes, you can use your debit/bank card to easily withdraw money at both the Japanpost ATMs and the 7-11 international ATMs and the fees are quite minimal! I believe it cost me less than $2 a transaction each time)

I think the only thing I've had some annoyances with it their online experience. Mainly I prefer to do my banking on paper, so, of course when I tried to log in and check something, I couldn't recall my password. No big deal, right? But I wasn't able to reset it online- I would have to get on the phone with them...and, not that that's so horrible, but I don't try to do something online to have to call. At that point, I probably just end up waiting and going in.

Overall though, the reliability of SFCU really does it for me. I really do feel that the credit union wants me to do well with my finances.



Health Grade Components

NCUA #24212
Year Chartered1934
Primary Regulator
Profit Margin
Return on Assets - YTD0.8%
Return on Equity - YTD7.03%
Annual Interest Income$262.6MM
Assets and Liabilities
AssetsQ3 2016vs Q3 2015$12.68B$11.44B
LoansQ3 2016vs Q3 2015$6.24B$5.51B
DepositsQ3 2016vs Q3 2015$10.77B$9.53B
Equity CapitalQ3 2016vs Q3 2015$1.43B$1.33B
Loan Loss AllowanceQ3 2016vs Q3 2015$56.9MM$56.4MM
Unbacked Noncurrent LoansQ3 2016vs Q3 2015$31.1MM$28.4MM
Real Estate OwnedQ3 2016vs Q3 2015$0$1.4MM
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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
2.20%*$100k*-60 Month Share Certificate
OTHER TIERS: 2.05% $500 - $20k | 2.10% $20k - $50k | 2.15% $50k - $100k
1.80%*$100k*-48 - 59 Month Share Certificate
OTHER TIERS: 1.65% $500 - $20k | 1.70% $20k - $50k | 1.75% $50k - $100k
1.65%*$100k*-36 - 47 Month Share Certificate
OTHER TIERS: 1.50% $500 - $20k | 1.55% $20k - $50k | 1.60% $50k - $100k
1.60%--36 Month Deferred Compensation Certificate - School Employees Only
1.40%*$100k*-24 - 35 Month Share Certificate
OTHER TIERS: 1.25% $500 - $20k | 1.30% $20k - $50k | 1.35% $50k - $100k
1.20%*$100k*-18 - 23 Month Share Certificate
OTHER TIERS: 1.05% $500 - $20k | 1.10% $20k - $50k | 1.15% $50k - $100k
1.20%--12 Month Deferred Compensation Certificate - School Employees Only
1.15%*$100k*-12 - 17 Month Share Certificate
OTHER TIERS: 1.01% $500 - $20k | 1.05% $20k - $50k | 1.10% $50k - $100k
1.10%$200-12 Month College Saver
0.90%*$100k*-6 - 11 Month Share Certificate
OTHER TIERS: 0.75% $500 - $20k | 0.80% $20k - $50k | 0.85% $50k - $100k
0.60%*$100k*-3 - 5 Month Share Certificate
OTHER TIERS: 0.45% $500 - $20k | 0.50% $20k - $50k | 0.55% $50k - $100k
0.35%*$100k*-30 Day Share Certificate
OTHER TIERS: 0.20% $500 - $20k | 0.25% $20k - $50k | 0.30% $50k - $100k

SchoolsFirst Federal Credit Union IRA Rates

2.25%*$100k*-60 Month IRA Certificate
OTHER TIERS: 2.10% $500 - $20k | 2.15% $20k - $50k | 2.20% $50k - $100k
2.15%$100-12 Month Coverdell Education Savings Account
1.85%*$100k*-48 - 59 Month IRA Certificate
OTHER TIERS: 1.70% $500 - $20k | 1.75% $20k - $50k | 1.80% $50k - $100k
1.70%*$100k*-36 - 47 Month IRA Certificate
OTHER TIERS: 1.55% $500 - $20k | 1.60% $20k - $50k | 1.65% $50k - $100k
1.45%*$100k*-24 - 35 Month IRA Certificate
OTHER TIERS: 1.30% $500 - $20k | 1.35% $20k - $50k | 1.40% $50k - $100k
1.25%*$100k*-18 - 23 Month IRA Certificate
OTHER TIERS: 1.10% $500 - $20k | 1.15% $20k - $50k | 1.20% $50k - $100k
1.20%*$100k*-12 - 17 Month IRA Certificate
OTHER TIERS: 1.05% $500 - $20k | 1.10% $20k - $50k | 1.15% $50k - $100k
0.95%*$100k*-6 - 11 Month IRA Certificate
OTHER TIERS: 0.80% $500 - $20k | 0.85% $20k - $50k | 0.90% $50k - $100k
0.70%*$100k*-3 - 5 Month IRA Certificate
OTHER TIERS: 0.55% $500 - $20k | 0.60% $20k - $50k | 0.65% $50k - $100k
0.40%*$100k*-30 Day IRA Certificate
OTHER TIERS: 0.25% $500 - $20k | 0.30% $20k - $50k | 0.35% $50k - $100k

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