Schools Financial, a division of SchoolsFirst Federal Credit Union, was chartered in 1933 by a group of seven teachers who pooled their funds for the purpose of creating a savings cooperative from which low-cost loans could be made to Members. Depositors, in return, would earn dividends from the income generated by the interest paid on the loans. On January 1, 2020, Schools Financial merged with SchoolsFirst FCU, the largest Credit Union in the state and the fifth largest Credit Union in the nation. Schools Financial continues to uphold the foundation and philosophy of the Credit Union Movement of "For Service, Not for Profit, Not for Charity" and "People Helping People." Each individual who opens a savings account at the Credit Union becomes a Member-owner, with each Member owning one share of the Credit Union. Our Credit Union's policies are established by SchoolsFirst FCU's volunteer Board of Directors, in which Schools Financial has representation. Since the Credit Union has no stockholders or other investors, the Board of Directors can focus solely on serving the best interests of our Member-owners. Our Board of Directors believes that Member interests can best be served by offering products and services that meet Member needs while providing an economic advantage when compared with other major financial institutions in our market.
View Top Employees from Schools Financial Credit UnionWebsite | https://www.schoolsfirstfcu.org |
Revenue | $74 million |
Employees | 141 (94 on RocketReach) |
Founded | 1933 |
Address | 1485 Response Road Suite 126, Sacramento, California 95815, US |
Phone | (916) 569-5473 |
Fax | (916) 422-0334 |
Technologies |
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Industry | Banking, Finance General, Finance |
Web Rank | 116342 |
Web Visits | 337510 |
Keywords | Savings, Credit Union, Member Services, Member-Owned Financial Services, Financial Education, Non Profit, Community-Focused Banking, Affordable Loans, Financial Stability, Ethical Banking |
Competitors | First Financial Credit Union, First Financial Credit Union, Power Financial Credit Union, Smart Financial Credit Union, Tandia Financial Credit Union |
SIC | SIC Code 606 Companies, SIC Code 60 Companies |
NAICS | NAICS Code 522130 Companies, NAICS Code 52 Companies, NAICS Code 52213 Companies, NAICS Code 522 Companies, NAICS Code 5221 Companies |
Looking for a particular Schools Financial Credit Union employee's phone or email?
The Schools Financial Credit Union annual revenue was $74 million in 2024.
94 people are employed at Schools Financial Credit Union.
Schools Financial Credit Union is based in Sacramento, California.
The NAICS codes for Schools Financial Credit Union are [522130, 52, 52213, 522, 5221].
The SIC codes for Schools Financial Credit Union are [606, 60].