Sep, 30, 2025 — SCHOOLSFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in TUSTIN, CA with 73 branch locations and about $34.41 billion in total assets. Opened 92 years ago in 1934, SCHOOLSFIRST FEDERAL CREDIT UNION has more than 1.5 million members and employs 2,959 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCHOOLSFIRST FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 15332 Newport Ave TUSTIN, CA 92780 |
| Phone: | (800) 462-8328 |
| Fax: | |
| Website: | https://www.schoolsfirstfcu.org |
| Branches: | 73 branch locations |
| Members: | 1,526,734 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 24212 |
|---|---|
| Membership Type: | Educational |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $34,407,962,377 |
| CEO/Manager: | Bill Cheney |
| Chairperson: | Matthew Schulenberg |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,691,494,210 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 37,208,392 |
| Real Estate Loans | 11,910,483,803 |
| Unsecured Loans | 3,644,987,208 |
| Other Loans | 5,932,483,534 |
| TOTAL LOANS | 21,487,954,545 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -195,466,135 |
| Land And Building | 201,563,878 |
| Other Fixed Assets | 69,000,023 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 252,910,031 |
| All Other Assets | 6,464,365 |
| TOTAL ASSETS | 34,407,962,377 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 1,400,000,000 |
| Accounts Payable & Other Liabilities | 395,013,826 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 4,839,338,859 |
| Regular shares | 7,100,177,941 |
| All Other Shares & Deposits | 17,332,508,634 |
| TOTAL SHARES & DEPOSITS | 29,272,025,434 |
| TOTAL LIABILITIES | 31,067,093,039 |
| Regular Reserve | 0 |
| Other Reserves | 387,514,207 |
| Undivided Earnings | 2,953,355,131 |
| TOTAL EQUITY | 3,340,869,338 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 34,407,962,377 |
| INCOME & EXPENSE | |
| Loan Income | 965,818,444 |
| Investment Income | 240,524,391 |
| Other Income | 52,334,605 |
| Total Employee Compensation & Benefits | 289,687,686 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 213,601,297 |
| Non-operating Income & (Expense) | 36,035 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 187,365,125 |
| Cost of Funds | 510,113,143 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 183,982,020 |
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