Sep, 30, 2025 — SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in TORRANCE, CA with 2 branch locations and about $189.77 million in total assets. Opened 87 years ago in 1939, SCHOOLS FEDERAL CREDIT UNION has about 16,797 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCHOOLS FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 20101 Hamilton Ave Ste 150 TORRANCE, CA 90502-1306 |
| Phone: | (310) 632-0100 |
| Fax: | (310) 632-6110 |
| Website: | https://www.schoolsfcu.org |
| Branches: | 2 branch locations |
| Members: | 16,797 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 3526 |
|---|---|
| Membership Type: | Multiple common bond - Primarily educational |
| Corporate Credit Union: | No |
| Year Opened: | 1939 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $189,771,364 |
| CEO/Manager: | Carlos Garrido |
| Chairperson: | Gayle A Ball |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,009,984 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 36,167,399 |
| Unsecured Loans | 16,157,065 |
| Other Loans | 35,814,598 |
| TOTAL LOANS | 88,139,062 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -793,256 |
| Land And Building | 0 |
| Other Fixed Assets | 390,402 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,446,033 |
| All Other Assets | 69,703 |
| TOTAL ASSETS | 189,771,364 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 2,675,397 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 39,597,702 |
| Regular shares | 57,325,611 |
| All Other Shares & Deposits | 67,543,321 |
| TOTAL SHARES & DEPOSITS | 164,466,634 |
| TOTAL LIABILITIES | 167,142,031 |
| Regular Reserve | 0 |
| Other Reserves | 2,465,807 |
| Undivided Earnings | 20,163,526 |
| TOTAL EQUITY | 22,629,333 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 189,771,364 |
| INCOME & EXPENSE | |
| Loan Income | 3,924,835 |
| Investment Income | 1,799,003 |
| Other Income | 1,369,660 |
| Total Employee Compensation & Benefits | 2,401,956 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,640,453 |
| Non-operating Income & (Expense) | 40,625 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 347,752 |
| Cost of Funds | 1,124,529 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 782,225 |
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