Schools Federal Credit Union

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A short history of Schools FCU

Since its inception in 1939 the Schools Federal Credit Union has been serving its members in the COMPTON, California area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by John Drake, the Schools FCU has grown its membership to over 15,020 with assets of more than $126,003,163. They have a main office and 2 branch offices. Please see the credit unions website or contact them by phone at (310) 632-0100 or email them at none to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in COMPTON, CA.

General Information For Schools FCU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 3526
Address 2200 W ARTESIA BLVD 
State California 
Zip-Code 90220
Phone Number (310) 632-0100
Fax Number (310) 632-6110
Email Address: none
CEO/President John Drake
Members 15,020 
Full-Time Employees 33 
Part-Time Employees
Number of Branch Offices
Total Assets 126,003,163 

Compare Schools Federal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Star Harbor CU Harland Financial Solution 3737 Westown Pkwy 50266 (515) 453-2874 No 2.05
Pacific Transportation CU Waterman 444 S Waterman Ave 92408 (866) 773-9835 No 2.57
Northrop Grumman CU Central Bldg 7323 Aviation Blvd 92408 (410) 993-6000 No 3.02
Honda CU Anna Office 12500 Meranda Rd 45302 (937) 642-6000 No 3.04
Nikkei CU Nikkei Credit Union - Gardena Branch 18425 S Western Ave 90248 (310) 324-1544 No 3.99

Schools Federal Credit Union Financial Performance Charts

Performance Charts

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Financial Data

Schools Federal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 12.91 6.65 6.04 3.88 5.37
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 453 531 447 121 274
Rank Among All California Credit Unions 107 157 147 43 91

Schools Federal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.30 0.30 0.30
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 97 302 259
Rank Among All California Credit Unions 24 45 24 89 75
Schools Federal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 12.9101,7454,416,562
All Other Unsecured Loans/Lines of Credit 8.8601,3244,549,593
Short-Term, Small Amount Loans (STS) (Federal CU Only) 28.0002010,851
Non-Federally Guaranteed Student Loans 5.9101,1151,774,281
New Vehicle Loans 6.6504258,722,720
Used Vehicle Loans 6.0401,02612,432,036
Total 1st Mortgage Real Estate Loans/Lines of Credit 3.88018634,068,528
Total Other Real Estate Loans/Lines of Credit 5.3701316,129,046
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 8.840143366,955
TOTAL LOANS & LEASES 6,11572,470,572

Schools Federal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 9420,462,87631,187,100
    b. 15 Years or less 375,045,959175,000
    a. > 15 years 0000
    b. 15 Years or less 116,363,57221,088,750
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 442,196,12100
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 20869,54400
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 1115,259,50298833,553
Open-End Fixed Rate 0000
TOTALS 31740,197,5741043,184,403


Interest Only & Payment Option 1st Mortgage Loans 000
Interest Only & Payment Option Other RE/LOC Loans 000
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Schools Federal Credit Union Member Offerings
First Time Homebuyer Program No
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans No
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes