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SCHOOLSFIRST FEDERAL CREDIT UNION

Dec, 31, 2020 — SCHOOLSFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA ANA, CA with 66 branch locations and about $23.74 billion in total assets. Opened 87 years ago in 1934, SCHOOLSFIRST FEDERAL CREDIT UNION has more than 1.1 million members and employs 2,534 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)
PO BOX 11547
SANTA ANA, CA 92711
Phone:(714) 258-4000
Fax:
Website:https://www.schoolsfirstfcu.org
Branches:66 branch locations
Members:1,145,965
Credit Union Type:Federal Credit Union
Charter Number:24212
Membership Type:Educational
Corporate Credit Union:No
Year Opened:1934
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$23,743,134,266
CEO/Manager:Bill Cheney
Chairperson:Andy Plumley

Call Report

  • Credit Builder
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Micro Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • Check Cashing
  • First Time Homebuyer Program
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 4,085,724,616
TOTAL INVESTMENTS 6,697,386,437
Loans Held for Sale 76,313,468
 
 Real Estate Loans 6,282,579,755
 Unsecured Loans 1,463,850,504
 Other Loans 3,811,227,083
 TOTAL LOANS 11,557,657,342
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -97,793,561
 Land And Building 211,422,266
 Other Fixed Assets 60,139,440
 NCUSIF Deposit 174,436,919
 All Other Assets 977,847,339
  TOTAL ASSETS 23,743,134,266
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 325,000,000
 Accounts Payable & Other Liabilities 251,888,206
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 1,452,820,077
 Regular shares 8,817,280,117
 All Other Shares & Deposits 10,495,559,881
  TOTAL SHARES & DEPOSITS 20,765,660,075
  TOTAL LIABILITIES 21,342,548,281
 Regular Reserve 1,662,019,399
 Other Reserves 336,361,494
 Undivided Earnings 402,205,092
  TOTAL EQUITY 2,400,585,985
  TOTAL LIABILITIES, SHARES, & EQUITY 23,743,134,266
INCOME & EXPENSE  
 Loan Income 535,051,963
 Investment Income 118,579,197
 Other Income 164,625,298
 Total Employee Compensation & Benefits 255,249,242
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 196,785,294
 Non-operating Income & (Expense) 14,500,116
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 56,800,000
 Cost of Funds 167,964,068
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 155,957,970
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