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SCHOOLSFIRST FEDERAL CREDIT UNION

Jun, 30, 2021 — SCHOOLSFIRST FEDERAL CREDIT UNION is a federal credit union headquartered in SANTA ANA, CA with 69 branch locations and about $25.87 billion in total assets. Opened 87 years ago in 1934, SCHOOLSFIRST FEDERAL CREDIT UNION has more than 1.2 million members and employs 2,569 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:69 branch locations
Members:1,162,291
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:$25,874,585,002
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 3,897,772,975
TOTAL INVESTMENTS 9,134,405,256
Loans Held for Sale 203,304
 
 Real Estate Loans 6,459,310,993
 Unsecured Loans 1,487,640,573
 Other Loans 3,839,317,212
 TOTAL LOANS 11,786,268,778
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -94,430,239
 Land And Building 230,837,530
 Other Fixed Assets 57,785,215
 NCUSIF Deposit 193,541,096
 All Other Assets 668,201,087
  TOTAL ASSETS 25,874,585,002
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 300,000,000
 Accounts Payable & Other Liabilities 280,354,708
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 4,064,502,221
 Regular shares 7,786,557,403
 All Other Shares & Deposits 10,946,159,091
  TOTAL SHARES & DEPOSITS 22,797,218,715
  TOTAL LIABILITIES 23,377,573,423
 Regular Reserve 1,662,019,399
 Other Reserves 352,367,909
 Undivided Earnings 482,624,271
  TOTAL EQUITY 2,497,011,579
  TOTAL LIABILITIES, SHARES, & EQUITY 25,874,585,002
INCOME & EXPENSE  
 Loan Income 242,011,496
 Investment Income 59,937,977
 Other Income 15,574,226
 Total Employee Compensation & Benefits 134,322,080
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 93,563,782
 Non-operating Income & (Expense) -2,934,282
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,200,000
 Cost of Funds 64,897,126
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 80,419,179
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