Jun, 30, 2024 — SCHOOLSFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in TUSTIN, CA with 69 branch locations and about $27.70 billion in total assets. Opened 90 years ago in 1934, SCHOOLSFIRST FEDERAL CREDIT UNION has more than 1.3 million members and employs 2,684 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 |
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Address: (Main Office) | 15332 Newport Ave TUSTIN, CA 92780 |
Phone: | (714) 258-4000 |
Fax: | |
Website: | https://www.schoolsfirstfcu.org |
Branches: | 69 branch locations |
Members: | 1,255,826 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 24212 |
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Membership Type: | Educational |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Dec 01, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $27,699,106,004 |
CEO/Manager: | Bill Cheney |
Chairperson: | Kristine Wetzel |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,745,685,878 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 8,400,473,937 |
Unsecured Loans | 2,356,861,025 |
Other Loans | 5,135,228,134 |
TOTAL LOANS | 15,892,563,096 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -86,289,874 |
Land And Building | 220,806,762 |
Other Fixed Assets | 65,236,357 |
NCUSIF Deposit | 220,819,452 |
All Other Assets | 1,377,795 |
TOTAL ASSETS | 27,699,106,004 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 172,500,000 |
Accounts Payable & Other Liabilities | 310,992,232 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 4,562,392,678 |
Regular shares | 8,194,731,240 |
All Other Shares & Deposits | 11,747,142,397 |
TOTAL SHARES & DEPOSITS | 24,504,266,315 |
TOTAL LIABILITIES | 24,987,758,547 |
Regular Reserve | 0 |
Other Reserves | 302,788,048 |
Undivided Earnings | 2,408,559,409 |
TOTAL EQUITY | 2,711,347,457 |
TOTAL LIABILITIES, SHARES, & EQUITY | 27,699,106,004 |
INCOME & EXPENSE | |
Loan Income | 437,112,967 |
Investment Income | 104,120,452 |
Other Income | 33,584,254 |
Total Employee Compensation & Benefits | 226,488,774 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 165,846,889 |
Non-operating Income & (Expense) | -74,770 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 29,400,000 |
Cost of Funds | 79,932,765 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 164,568,112 |
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