SchoolsFirst Federal Credit Union

SchoolsFirst Federal Credit Union
Credit union
Industry Financial services
Founded 1934
Headquarters Santa Ana, California, United States
Number of locations
 44
Area served
 Educators and family Members in Southern California
Key people
 Bill Cheney, President
Products Savings; Checking; Consumer loans; Mortgages; Credit cards; Investments; Online Banking
Total assets $9.38B USD (2012)
Website SchoolsFirstFCU.org

SchoolsFirst Federal Credit Union is a federally chartered Credit Union that serves the educational community in Southern California. It is headquartered in Santa Ana, California and has branches throughout the ten most southern counties of California. Before April 14, 2008, it was named Orange County Teachers Federal Credit Union, or OCTFCU.

History

SchoolsFirst FCU was founded in 1934 by a group of 125 school employees. They pooled $1,200 and established Orange County Teachers Credit Union with a California state charter. A switch to a federal charter in 1983 added Federal to its name.

At the end of 2012, SchoolsFirst FCU reported $9.38 billion in assets, making it the fifth-largest credit union in the United States by asset size. Net income for that year was $129.72 million, and total capital $1.14 billion. Their 11.96% capital to asset ratio is one of the best in the U.S. banking industry. They reported having over 700,000 members in 2016.[1]

Field of membership

SchoolsFirst FCU's field of Membership is the following Southern California counties:

Within those counties, SchoolsFirst FCU serves employees of the following educational entities (serving both classified and certificated employees):

In addition, SchoolsFirst FCU serves the following:

References

  1. ↑ "About Us". SchoolsFirst FCU.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.