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SCHOOLSFIRST FEDERAL CREDIT UNION

Dec, 31, 2021 — SCHOOLSFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in TUSTIN, CA with 67 branch locations and about $26.97 billion in total assets. Opened 88 years ago in 1934, SCHOOLSFIRST FEDERAL CREDIT UNION has more than 1.2 million members and employs 2,601 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 322282001
Name:SCHOOLSFIRST FEDERAL CREDIT UNION
Address:
(Main Office)
15332 Newport Ave
TUSTIN, CA 92780
Phone:(714) 258-4000
Fax:
Website:https://www.schoolsfirstfcu.org
Branches:67 branch locations
Members:1,200,238
Credit Union Type:Federal Credit Union
Charter Number:24212
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1934
Last Audited:Dec 01, 2020
FHLB Member:Yes
Low Income Designation:No
Assets:$26,970,795,222
CEO/Manager:Bill Cheney
Chairperson:Greg Marchant

Call Report

  • Credit Builder
  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 3,221,706,363
TOTAL INVESTMENTS 9,656,894,170
Loans Held for Sale 151,303
 
 Real Estate Loans 7,128,137,994
 Unsecured Loans 1,753,689,790
 Other Loans 3,997,289,697
 TOTAL LOANS 12,879,117,481
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -83,530,519
 Land And Building 227,959,370
 Other Fixed Assets 65,903,728
 NCUSIF Deposit 212,001,428
 All Other Assets 790,591,898
  TOTAL ASSETS 26,970,795,222
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 287,500,000
 Accounts Payable & Other Liabilities 258,056,219
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,357,129,881
 Regular shares 8,013,633,933
 All Other Shares & Deposits 11,463,075,204
  TOTAL SHARES & DEPOSITS 23,833,839,018
  TOTAL LIABILITIES 24,379,395,237
 Regular Reserve 1,887,955,666
 Other Reserves 347,408,687
 Undivided Earnings 356,035,632
  TOTAL EQUITY 2,591,399,985
  TOTAL LIABILITIES, SHARES, & EQUITY 26,970,795,222
INCOME & EXPENSE  
 Loan Income 490,613,314
 Investment Income 120,959,409
 Other Income 34,854,947
 Total Employee Compensation & Benefits 272,510,581
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 194,637,661
 Non-operating Income & (Expense) -3,057,221
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 6,300,000
 Cost of Funds 118,622,814
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 179,766,807
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