SchoolsFirst Federal Credit Union Tustin, California
SchoolsFirst Federal Credit Union is a federal credit union headquartered in Tustin, CA, established in 1934 (NCUA charter 24212), and it is regulated and insured by the NCUA. At Q2 2026 it reported 1,579,561 members and total assets of $37.23B (up 9.2% from Q2 2025), the largest of 238 credit unions headquartered in California. Its net worth ratio was 9.51% at Q2 2026, in the well capitalized band.
Trade name filed with the NCUA: SchoolsFirst FCU
BankRegReports is independent of SchoolsFirst Federal Credit Union and never asks for online banking logins or passwords.
Data as of · sourced from NCUA 5300 call reports. How we update
- Charter
- Federal credit union
- Regulator
- NCUA
- Deposit insurance
- NCUA (NCUSIF)
- NCUA charter number
- 24212
- Headquarters
- Tustin, CA
- Established
- 1934
- Total assets, Q2 2026
- $37.23B
- Assets vs Q2 2025
- +9.2%
- Members, Q2 2026
- 1,579,561
- Net worth ratio, Q2 2026
- 9.51%
- Latest call report
- Q2 2026, NCUA 5300 · SchoolsFirst Federal Credit Union call report
- Asset rank in state
- 1st of 238 in California
- Routing number
- 322282001
- Branches
- 79
It has 84,815 more members than on June 30, 2025 (+5.7%). Its net worth ratio was down 0.01 percentage points from 9.52% on June 30, 2025. 1- to 4-family residential and other consumer real estate loans are its largest loan category, $12.87B of $23.04B in total loans on its June 30, 2026 filing. Its 60-day delinquency ratio of 0.91% matches the 0.91% median of the 24 credit unions with $10B to $100B in assets for Q2 2026. Its 9.51% net worth ratio is below that band's 10.42% median.
Credit unions merged into SchoolsFirst Federal Credit Union
Cal Poly Federal Credit Union (2021) · Schools Financial Credit Union (2020)
Frequently asked about SchoolsFirst Federal Credit Union
How big is SchoolsFirst Federal Credit Union?
At Q2 2026 it reported total assets of $37.23B and 1,579,561 members.
Where is SchoolsFirst Federal Credit Union headquartered?
It is headquartered in Tustin, CA, United States.
When was SchoolsFirst Federal Credit Union founded?
It was established in 1934, per NCUA records.
Is SchoolsFirst Federal Credit Union FDIC insured?
No. The FDIC insures banks, not credit unions. It is a federally insured credit union (NCUA charter 24212): member shares are insured by the National Credit Union Share Insurance Fund, run by the NCUA, up to $250,000 per member, per insured credit union, for each account ownership category, the same limit the FDIC applies to bank deposits.
Who regulates SchoolsFirst Federal Credit Union?
It is a federal credit union, chartered and supervised by the NCUA.
Is SchoolsFirst Federal Credit Union well capitalized?
Its net worth ratio was 9.51% at Q2 2026, in the well capitalized band. NCUA considers a credit union well capitalized at a net worth ratio of 7% or higher.
What is SchoolsFirst Federal Credit Union's delinquency ratio?
Its delinquency ratio was 0.91% at Q2 2026: loans 60 or more days past due as a share of total loans.
What is SchoolsFirst Federal Credit Union's loan-to-share ratio?
Its loan-to-share ratio was 72.00% at Q2 2026: total loans as a share of member shares and deposits.
Credit Union Profile
- Headquarters
- Tustin, CA 92780
- Charter Type
- Federal credit union
- Primary Regulator
- NCUA
- Insurance
- NCUSIF
- Established
- 1934
- NCUA Charter #
- 24212
- RSSD ID
- 937898
- Members
- 1,579,561
- Potential members
- 3,290,896
Size & Membership
Profitability
Q2 annualizedCapital & Asset Quality
Peer comparison: credit unions of similar size
It ranks against 24 credit unions with $10B to $100B in assets, as of Q2 2026. It is in the top quartile on 0 of 7 ranked measures and in the bottom quartile on 1.
| Metric | This credit union | Peer median | Rank among peers |
|---|---|---|---|
| Net worth ratio Middle half of peers: 9.55% to 11.84% | 9.51% | 10.42% | 24th bottom |
| Return on assets Middle half of peers: 0.59% to 1.31% | 0.98% | 0.97% | 51st above |
| Return on equity Middle half of peers: 6.05% to 14.24% | 10.29% | 9.50% | 54th above |
| Net interest margin Middle half of peers: 2.90% to 3.44% | 2.90% | 3.17% | 25th below |
| Efficiency ratio Middle half of peers: 52.69% to 70.10% | 54.18% | 61.32% | 71st above |
| Cost of funds Middle half of peers: 1.69% to 2.02% | 2.02% | 1.88% | 25th below |
| Delinquency ratio Middle half of peers: 0.64% to 1.27% | 0.91% | 0.91% | 50th above |
| Yield on assets Middle half of peers: 4.90% to 5.36% | 4.92% | 5.07% | 29th position only |
| Loan-to-share ratio Middle half of peers: 81.23% to 93.33% | 72.00% | 89.87% | under 10th position only |
Quarterly trends
Last 6 quarters of 5300 filings. Under each chart, Q2 2026 against Q2 2025. How these charts are built
$37.23B total assets against $34.09B; $32.00B total shares and deposits against $28.84B; $23.04B total loans against $20.93B.
$3.54B net worth against $3.25B.
9.51% net worth ratio against 9.52%.
72.00% loan-to-share ratio against 72.58%.
0.91% delinquency ratio against 0.78%.
0.98% return on assets against 0.64%; 10.29% return on equity against 6.68%.
2.90% net interest margin against 2.70%.
1,579,561 members against 1,494,746.
Quarterly trend: last 6 quarters
| Quarter | Net worth ratio | ROA | Delinquency | Loan-to-share |
|---|---|---|---|---|
| June 30, 2026 | 9.51% | 0.98% | 0.91% | 72.00% |
| March 31, 2026 | 9.39% | 0.78% | 0.89% | 70.70% |
| December 31, 2025 | 9.54% | 0.65% | 0.97% | 72.53% |
| September 30, 2025 | 9.68% | 0.99% | 0.88% | 73.41% |
| June 30, 2025 | 9.52% | 0.64% | 0.78% | 72.58% |
| March 31, 2025 | 9.55% | 0.54% | 0.78% | 72.18% |
Scroll sideways to see every column.
How we read these figures
Glossary: net worth ratio, delinquency, ROA, loan-to-share. The net worth category is ours, from NCUA's 7% well and 6% adequately capitalized cutoffs. It is not NCUA's determination, which can differ. ROA, ROE and margin annualize the quarter; NCUA's Financial Performance Report annualizes the year to date (YTD). Peer rank interpolates size-band percentiles. Methodology.