Schools Financial Credit Union

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

1485 Response Rd, Ste 126, Sacramento, CA 95815

Website

(916) 569-2001

Data Source: NCUA, December 31, 2016


Schools Financial Credit Union was founded in 1933. Headquartered in Sacramento, California, Schools Financial Credit Union is a state chartered and federally insured credit union, being chartered in California and insured through the National Credit Union Share Insurance Fund (NCUSIF). Schools Financial Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Schools Financial Credit Union services 134,076 members through its 11 offices and branches and 271 full-time and 26 part-time employees. It has $1,783,435,419 of total assets and $183,889,214 of net worth. Based on its asset size and net worth ratio, Schools Financial Credit Union is classified as a Well Capitalized large credit union.

Schools Financial Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Schools Financial Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Schools Financial Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in California and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of California
Median of USA
Checking
0.0500
0.0000
0.0000
Savings
0.1000
0.1000
0.1200
Money Market
0.2500
0.1900
0.2500
Certificate Deplit
1.4600
0.5500
0.5800
IRA
0.2500
0.4500
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of California
National Median Rates
Credit Cards
8.2400
10.0400
9.9900
Unsecured Line of Credits
7.9900
10.9900
10.9500
Short-term Small Amount
n/a
28.0000
25.0000
Student Loans
n/a
5.7500
6.0200
New Car Loans
2.9900
3.0000
3.3300
Used Car Loans
2.9900
3.7400
4.5000
1st Mortgage Real Estates
3.6300
4.0300
4.2500
Other Real Estates
5.9900
4.7400
4.7000

Schools Financial Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Schools Financial Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
No
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
Yes

As a community financial institution, Schools Financial Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
No
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
Calvine Pointe Branch
8848 Calvine Rd Ste 110
Sacramento, CA 95828
Phone:916-682-3132

College Greens Branch
8725 Folsom Blvd
Sacramento, CA 95826
Phone:916-381-3626

Folsom Branch
1010 Riley St Suite 5
Folsom, CA 95630
Phone:916-986-9674

Fruitridge/freeport Branch
1631 Claudia Dr
Sacramento, CA 95822
Phone:916-422-1010

Laguna Branch
8255 Laguna Blvd Suite 180
Elk Grove, CA 95758
Phone:916-683-1610

Madison Branch
5210 Madison Ave
Sacramento, CA 95841
Phone:916-334-2424

Natomas Branch
2051 Natomas Crossing Dr
Sacramento, CA 95834
Phone:916-928-0772

Orangevale Branch
6000 Main Ave
Orangevale, CA 95662
Phone:916-989-1018

Placerville Branch
4278 Golden Center Dr Ste 100
Placerville, CA 95667
Phone:530-344-8014

Response Road
Main Office

1485 Response Rd Ste 126
Sacramento, CA 95815
Phone:916-569-2001

Roseville Branch
1601 Douglas Blvd
Roseville, CA 95661
Phone:916-788-1001

Yuba City Branch
1055 Gray Ave
Yuba City, CA 95991
Phone:530-751-2439

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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