SchoolsFirst Federal Credit Union
SchoolsFirst Federal Credit Union is a California-based institution that serves educational communities in California. It offers tailored financial products and services designed specifically for employees and retirees of California public schools. Membership of the union is open to current or retired school employees living in California or those with a family member who belongs to the credit union and college students.
- CEO: Bill Cheney
- Headquarters: Tustin, California
- Assets: $28.2 billion
- Customer Count: 1.3 million
- Number of Branches: 70 Branches
- Number of ATMs: More than 30,000 ATMs
Pros:
- Specialized Services for Educators: SchoolsFirst Federal Credit Union offers tailored financial products and services designed specifically for employees and retirees of California public schools.
- Customer Service: The union is known for its excellent customer service, with knowledgeable staff members who understand the needs of educators.
- Convenient Access: It allows members to manage their accounts, pay bills, and conduct transactions from anywhere by conveniently accessing the banking services through online and mobile banking platforms.
Cons:
- Limited Membership Eligibility: Membership in this union is restricted to employees and retired personnel of California public schools, as well as their immediate family members.
- Technology Limitations: While SchoolsFirst offers online and mobile banking platforms for convenient access to banking services, the features offered by the credit union are not as advanced as those of larger financial institutions.
- Limited Geographic Coverage: As the union primarily serves members in California, people who relocate to areas outside of California may need to find alternative banking options.