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SCHOOLS FEDERAL CREDIT UNION

Mar, 31, 2022 — SCHOOLS FEDERAL CREDIT UNION is a federal credit union headquartered in TORRANCE, CA with 2 branch locations and about $178.66 million in total assets. Opened 83 years ago in 1939, SCHOOLS FEDERAL CREDIT UNION has about 15,292 members and employs 33 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: 322078257
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:http://www.schoolsfcu.org
Branches:2 branch locations
Members:15,292
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, 2021
FHLB Member:No
Low Income Designation:No
Assets:$178,657,629
CEO/Manager:Carlos Garrido
Chairperson:Enrique Boull't

Call Report

  • Credit Builder
  • Payday Alternative Loans (PAL Loans)
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 7,937,952
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 35,608,591
 Unsecured Loans 8,115,095
 Other Loans 46,859,837
 TOTAL LOANS 90,583,523
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,843,134
 Land And Building 0
 Other Fixed Assets 611,206
 NCUSIF Deposit 1,393,493
 All Other Assets 0
  TOTAL ASSETS 178,657,629
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 2,658,194
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 36,499,672
 Regular shares 61,621,157
 All Other Shares & Deposits 58,612,124
  TOTAL SHARES & DEPOSITS 156,732,953
  TOTAL LIABILITIES 159,391,147
 Regular Reserve 0
 Other Reserves 2,458,310
 Undivided Earnings 16,808,172
  TOTAL EQUITY 19,266,482
  TOTAL LIABILITIES, SHARES, & EQUITY 178,657,629
INCOME & EXPENSE  
 Loan Income 995,707
 Investment Income 228,020
 Other Income 402,046
 Total Employee Compensation & Benefits 672,637
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 712,665
 Non-operating Income & (Expense) 13,328
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 102,161
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 192,003
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