EIN 94-1189841

Schools Financial Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
390
Year formed
1933
Most recent tax filings
2019-12-01
Notice
This nonprofit is terminated or no longer active
Schools Financial Credit Union may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
Schools Financial is a member-owned, nonprofit co-op serving Sacramento, CA, with 11 branches & over 159k members.
Related structure
Schools Financial Credit Union is child organization, under the parent exemption from Credit Unions in the State of California.
Also known as...
Credit Unions in the State of California
Total revenues
$101,261,825
2019
Total expenses
$69,254,863
2019
Total assets
$0
2019
Num. employees
390
2019

Program areas at Schools Financial Credit Union

Schools Financial Credit Union (Schools Financial) is a member owned, not-for-profit Financial cooperative dedicated to serving the Financial needs of its members. Its purpose is to be the primary Financial institution for community members in its service area. Its mission is to provide members with better value and outstanding service.schools Financial fosters a culture of "people helping people" throughout the organization, and its interaction with members epitomizes the standards of ethical behavior. Schools Financial treats all members with respect and dignity and provides services to savers and borrowers in a democratic fashion. Schools Financial offers its members an economic advantage combined with courteous, competent, and timely service. It values open, honest, two-way communication with its members. Schools Financial solicits input from its members to facilitate communication and to measure service quality. Schools Financial is committed to constantly improving its overall operational efficiency, its service delivery convenience and the level of professional service it provides to its members. It meets its members' expectations for price advantage, quality service and convenience by remaining financially strong and viable.schools Financial communicates its services in a meaningful way so that members, potential members, legislators, regulators and the community-at-large understand and appreciate the unique role that member-owned Financial cooperatives play in their lives. Its commitment to members is consistent with its principles of "for service, not for profit, not for charity and its philosophy of "people helping people". This commitment represents the sound business practices that ensure the Financial strength of Schools Financial for its members.
As of december 31,2019, Schools Financial had eleven branches, 159,881 members, total assets of $2,150,075,672, total outstanding loans of $1,633,906,634, and total deposits of $1,864,796,531.

Grants made by Schools Financial Credit Union

GranteeGrant descriptionAmount
Los Rios Colleges FoundationArc Stem Building Capital Campaign$8,000
Richard Myles Johnson FoundationGeneral Support$6,133
Sacramento Food Bank and Family ServicesRun To Feed the Hungry$4,000

Personnel at Schools Financial Credit Union

NameTitleCompensation
Timothy MarriottChief Executive Officer$826,080
Marie B SmithChair$0
Todd DevoogdSenior Vice President Finance and Chief Financial Officer$279,664
Teresa MatistaVice Chair$0
Douglas SatoTreasurer$0
...and 3 more key personnel

Financials for Schools Financial Credit Union

RevenuesFYE 12/2019
Total grants, contributions, etc.$0
Program services$88,033,996
Investment income and dividends$8,792,499
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$470,674
Net gain from sale of non-inventory assets$3,964,656
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$101,261,825

Form 990s for Schools Financial Credit Union

Fiscal year endingDate received by IRSFormPDF link
2019-122021-06-08990View PDF
2018-122020-02-07990View PDF
2017-122019-02-21990View PDF
2016-122018-03-14990View PDF
2015-122017-02-22990OView PDF
...and 6 more Form 990s

Organizations like Schools Financial Credit Union

OrganizationLocationRevenue
Firefighters First Credit UnionLos Angeles, CA$47,155,486
North Island Financial Credit UnionSan Diego, CA$57,702,150
Excite Credit UnionSan Jose, CA$32,546,340
CoastHills Credit UnionSanta Maria, CA$76,854,403
Commonwealth Central Credit UnionSan Jose, CA$26,354,115
Safe Credit UnionFolsom, CA$183,102,902
California Coast Credit UnionSan Diego, CA$133,395,792
Orange County's Credit UnionSanta Ana, CA$94,251,015
Patelco Credit UnionDublin, CA$314,717,655
First City Credit UnionAltadena, CA$29,074,210
Data update history
July 5, 2023
Used new vendors
Identified 1 new vendor, including
October 4, 2021
Posted financials
Added Form 990 for fiscal year 2019
September 21, 2021
Used new vendors
Identified 1 new vendor, including
May 1, 2021
Posted financials
Added Form 990 for fiscal year 2018
October 2, 2020
Posted financials
Added Form 990 for fiscal year 2017
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelTerminated
General information
Address
1485 Response Rd No 126
Sacramento, CA 95815
Metro area
Sacramento-Roseville-Folsom, CA
County
Sacramento County, CA
Website URL
schoolsfirstfcu.org/gateway/schoolsfirstfcu/home#/ 
Phone
(916) 569-5400
IRS details
EIN
94-1189841
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1933
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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