You can watch a thematic video
*APR=Annual Percentage Rate. Schools financial credit union rate and percent financed is based on LBS Financial credit approval. All loans exclude add-on insurance. The actual rate you receive is determined by a combination of factors; including credit qualifications, loan amount, collateral, down payment and terms. We may add an additional 1% to the published rate for first time buyers.
Rates reflect a 0.25% discount for automatic transfer from an LBS Financial Checking or Savings account. New vehicle rates also reflect a 0.15% discount for a new auto purchase (2021 or newer) through the Surrogate Auto Shopper
A loan at 2.85% APR for 66 months will have a monthly payment of $16.40 per $1,000 borrowed or a $328.00 monthly payment based on an amount financed of $20,000. New vehicle loan amount may not exceed 100% MSRP including schools financial credit union plus and license, PLUS warranty up to 2,500 for 2 wheel drive and 3,000 for 4 wheel drive, GAP up to $1,000 and pre-paid maintenance up to $1000. Some restrictions apply.
** $20,000 minimum financed on an 84 month loan. 84 month financing only available on vehicles 2014 and newer of $20,000 or more and for FICO scores of 625+.
Skip to main content
Could you use an easy explanation of the basics? These short, understandable lessons will help you to make better decisions related to managing your money. Titles include: Checking Accounts, Car Loans, Preventing Overdraft Fees, Credit Cards, Mobile and Online Banking and Why You Should Pay More than the Minimum Balance on your Credit Card.
Building Financial Capacity
Adulting can feel overwhelming at times! Select from short but comprehensive modules on Creating a Budget, Credit Scores & Reports, Taxes: the Basics, Healthy Financial Habits, Debt Management, Identity Protection and How to Start Family Conversations about Money.Building Financial Capacity Articles
Owning a Home
Home Ownership can feel overwhelming. Talk to us any time, but these articles will also educate you about the benefits and costs of schools financial credit union aspects of owning a home. Learn about Buying a Home, Mortgages, Mortgage Relief, Investment Property, Reverse Mortgages and Refinances.Owning a Home Articles
Investing in Your Future
Are you prepared for college tuition, one of life's emergencies or a comfortable retirement? Explore important financial planning topics like 529 plans, Emergency Savings, Health Savings Accounts, Sustainable Investing, IRA's, Estate Planing, and the FIRE Lifestyle.
Investing in Your Future Modules
Preparing for Retirement Modules
schools financial credit union Grant Nelson - 8th Grade History Teacher in La Mesa Spring Valley Schools schools financial credit union
When I became an ECSFCU member, I immediately refinanced my house and got better rates for two cars. East County School employees who are just starting out, this is the best place to be! ECSFCU can help you secure your financial life.
We encourage students and families to start with savings, grants, scholarships, and federal student schools financial credit union to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.
These loans are made by Sallie Mae Bank or a lender partner. Schools Financial Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.
Smart Option Student Loan and graduate loan products: This information is for borrowers attending degree-granting institutions only. Smart Option Student Loan information is for undergraduate borrowers only. You must be attending a participating school located in the U.S. or have attended one during an eligible prior enrollment period. You must be a U.S. citizen or a permanent resident or a Non-U.S. citizen borrower with a creditworthy cosigner (who must be a U.S. citizen or permanent resident) and required U.S. Citizenship and Immigration Service (USCIS) documentation. U.S. citizens and permanent residents enrolled in eligible study abroad schools financial credit union or who are attending or have attended schools located outside the U.S. are also eligible. For the Dental School Loan, Law School Loan, MBA Loan, and Medical School Loan, students must be enrolling in a graduate-level degree program in a field of study that is eligible for the loan and Graduate Certificate/Continuing Education coursework is not eligible. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
Parent Loan: This information is for borrowers with students attending degree-granting institutions only. The student is not eligible to be a borrower or cosigner and must be attending or have attended a participating school during an eligible prior enrollment period, or be enrolled in an eligible study abroad program. The borrower, cosigner and student must chase credit card customer care U.S. citizens or permanent residents. The school may refund loan funds directly to the student, and if that occurs, borrower and cosigner (if applicable) would still be responsible for repaying that amount to Sallie Mae. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.
1 Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.
SALLIE MAE RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS, SERVICES, AND BENEFITS AT ANY TIME WITHOUT NOTICE.
© 2018 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.
SchoolsFirst Federal Credit Union
American credit union
SchoolsFirst Federal Credit Union is a federally chartered credit union that serves the educational community in California. It is headquartered in Tustin, California and has branches throughout California. Before April 14, 2008, it was named Orange County Teachers Federal Credit Union, or OCTFCU.
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 2017, SchoolsFirst FCU reported $14.12 billion in assets, making it the fifth-largest credit union in the United States by asset size. Net income for that year was $119.06 million, and total capital $1.63 billion. Their 11.11% capital to asset ratio is one of the best in the U.S. banking industry. They reported having over 800,000 members in 2019.
As of December 31, 2020, its asset size has grown to $23.7 billion  and the total membership has increased to 1.1 million.
Merger with Schools Financial Credit Union
The merger was official on January 1, 2020, with the integration of both credit unions data occurring on November 1, 2020.
In early 2019, SchoolsFirst and Schools Financial announced plans to merge, pending regulatory and member approval. Both credit unions stated that no branches or employees would be closed or laid off as a result of the merger. The merger would combine assets and members, totaling $17.1 billion in assets and over one million members, per their respective announcements. The merged credit union operates under the name and charter of SchoolsFirst Federal Credit Union, effective January 1, 2020.
Products and services
SchoolsFirst offers their services through their 66 Branches schools financial credit union 28,000 Fee free ATMs in COOP Financial Services Network. Schools financial credit union serve their members in the following California counties:
According to a recent report from allied health phone number Credit Union National Association (CUNA), SchoolsFirst FCU provided more than an estimated $232 million in direct financial benefits to their Members in 2020, resulting in a savings of $470 for each Member households.
During the financial hardship created by COVID-19 and wildfires, SchoolsFirst FCU reversed $4 Million in Fees and gave $1.28 Billion in loan assistance.
They were voted Best Credit Union in Orange County, California in 2020 by the Orange County Register and LA Times Reader's Choice. They were also voted ForbesBest In-State Credit Union in California 2020 and 2021
Field of membership
SchoolsFirst FCU's current field of membership is the entire state of California. They serve employees of the following educational entities (serving both classified and certificated employees):
- Public elementary and secondary schools that are listed as a private school in the California Department of Education School Directory
- County superintendents of schools
- Community colleges
- Authorized colleges and universities that offer degree programs
- Authorized education foundations
SchoolsFirst schools financial credit union educational communities in California. Below groups are eligible to apply to join:
- A current school employee
- An immediate family member of a SchoolsFirst FCU Member, including spouse, domestic partner, parent, sibling, child, grandparent or grandchild
- An employee of a company whose primary business is to provide a direct service to an eligible school or district in California
- A college student enrolled in an education program with a student teaching requirement
- Members of the boards of trustees of eligible schools
- Educators who have retired from one of the above eligible educational entities, who are receiving a pension or annuity from that entity's retirement program, such as CalSTRS or CalPERS
Once someone joins the Credit union, they are Member for life even if they change careers, retire or move out of state.
Get Great Bank Service in Walnut, CA
SchoolsFirst FCU is the nation’s largest educational credit union, proudly serving Southern California’s eligible school employees and their families.
As the nation’s largest educational credit union, SchoolsFirst FCU is proud to serve Southern California’s eligible school employs and their family. Our SchoolsFirst FCU location in Walnut, CA, offers all the financial products and services you need, all with you in mind, providing higher-quality, lower-cost offerings just for you. And since we don’t work for profit, we make it our mission to provide our members with lower loan rates and low or no fees.
SchoolsFirst FCU in The Village West is open to those in Southern California who are employees and retirees of eligible primary and secondary schools, colleges and universities, as well as the immediate family members of current SchoolsFirst FCU members. If you are anywhere in the Diamond Bar or West Covina, CA area and are eligible in becoming a SchoolsFirst FCU member, come down and visit us to learn more!