# SCHOOLS FINANCIAL
SACRAMENTO, CA · NCUA charter 68398 · asset band $1-10B · latest filing 2019-12 · stopped filing after 2019-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/schools-financial-68398

Who the members are: state charter, organized 1933. 159,881 members of 4,400,000 potential (3.6% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 62.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 1 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $2.15B |
| Members | 159,881 (4.3% YoY) |
| Full-time staff | 301 |
| Net worth | $264.2M |
| Net worth ratio | 12.3% (p74 of band) |
| ROA (annualized) | 1.49% (p94 of band) |
| Total delinquency | 0.26% (p18 of band) |
| Net charge-offs (annualized) | 0.36% (p51 of band) |
| Loans / shares | 88% (p42 of band) |
| Cash / assets | 11.0% |
| Borrowings / assets | 0.00% |
| Net interest margin | 2.66% (p28 of band) |
| Operating expense / assets | 2.33% (p17 of band) |
| Vehicles % of loans | 58% (p91 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 84% |
| Third-party paper % of net worth | 298% (p80 of band) |
| Vehicle delinquency | 0.32% (p32 of band) |
| Vehicle NCO | 0.42% (p37 of band) |
| Repossessed % of vehicle book | 0.09% (p72 of band) |
| Real estate % of loans | 35% |
| Credit cards % of loans | 4% |
| Unsecured % of loans | 6% |
| Commercial % of net worth | 24% |
| Core shares % of member funds | 55% |
| Certificates % of member funds | 13% |
| Average share balance | $6,386 |
| Participations bought / yr | $6.0M |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 62% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $16,577 |
| Loans granted, annualized | $818.1M |

## Flags firing in the latest filing

- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | 3rd-party paper>100% NW, auto monoline |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 2 |  |  |
| 2018-06 | 2 |  |  |
| 2018-09 | 2 |  |  |
| 2018-12 | 2 |  |  |
| 2019-03 | 2 |  |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 |  | auto monoline |
| 2019-12 | 1 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2019-01-22 [Sacramento’s Schools Financial Credit Union to merge with California’s largest credit union - Sacramento Bee](https://news.google.com/rss/articles/CBMiakFVX3lxTE1FTGF1Ul8zMXhvZEpVcmJtclh0dWh0Y1ZtSkFvVnFYTnR1bWhCRmUybjhyeXB5SS1aWHRkU1FCTWt4SnV3eHFHYzQ1OUxFd1N6c0Eyb0NfOWxkVU9EZnR1c00xYlJBQzM4WmfSAWpBVV95cUxNX3liSUx1M0VqZFJtVlJDS1BNWGVveDUtOU9MN1BiTjYyUE1hS0w3MERYajYxUndkZmo1bjRWQWg4RlFlQi1Hc0xUVUU3OXRFb2FMTjlRZzJ1R202ZFR1eU1adzRVRVhYSmZ3?oc=5) · Sacramento Bee
- 2024-06-21 [SchoolsFirst, California’s biggest credit union, looks to next-generation growth - Orange County Register](https://news.google.com/rss/articles/CBMi1gFBVV95cUxPOFR6NVQtYVFJYVVESWw4b28yMjF4Z2pKWTBqLTlIWGRjb3dnQ0lkVldfV0ZtaGRmbml0QkZmSkVsRUE4bk9rb0NnUVZ6UUFZQ0o3S0ZLdllsa3JycVB0SlRKaElTQWtfWU50RGZPSG9fc2M4dl9jMVBCdDB6dE85bGRWUFNFek5aWG1ZRkZzUWc4ZENhMVNtaFpMM2Q5LUN1ZWN4cG9feDNRS2M0TVVyOUxDRHFRT0t6dHcwaGVRWXNkVGtJU3JHVkQyd3ZaRzlkRnhfajN3?oc=5) · Orange County Register
- 2019-01-22 [What to know about the merger of two California credit unions: Schools Financial and SchoolsFirst - Merced Sun-Star](https://news.google.com/rss/articles/CBMidkFVX3lxTE9xNXFnTmcwTWNqZFAzSzhXQnFET3hBMDIzRGNFNkhQeVFxNjdROWdIQm42RkNfd3BmX1hoT1R2Uk90R3RfcVRTUWhDMnhxdFZDQUswZVFFa0MycjNCZlNNNmRPd2t5RTZRZk9QZGZGM3MybDRBRlE?oc=5) · Merced Sun-Star
- 2019-01-23 [SchoolsFirst Federal Credit Union to add heft with big merger - americanbanker.com](https://news.google.com/rss/articles/CBMirwFBVV95cUxPc0h6bUs1OXFuTXQ2ekliT3VvRC1NdFZqeFd1ZDdEMFVLclN3MVhhZTc2UGVfaE5GUi1EOFRLQXhNYWRycDV3SHprOXNNanlZczdEenllYXRGbWljRGtwWUtXM21CTnhPclZONnNPZFdBWTFFRGdTdlJfa2JNT2ZkVk5IZkJDanpqWktaZFpUa1R3WlBqU2wyOWZRc3oteWtXWV9ROW52YkpYaGkwSUNZ?oc=5) · americanbanker.com
- 2018-12-31 [Schools Financial Credit Union offers friendly, reliable service - mtdemocrat.com](https://news.google.com/rss/articles/CBMiiwJBVV95cUxQYmItY1NVNmNMa05zWTNhUHhwWEgwemxpNXV0ZjRfWHhzYXpEdUNvSFZES1BvbDRDMlFycnR2ZEtmS1VkUmFwb1N3YUs5R3lnMy1XLWZTY1Vwb0FlR3JzOFdCcTJlSXdrcUZtVC0yeTRqVkpxZ0Y0QXltM1EyQnMwWEJTbVNJdnd3QllmRFhMTEljM1Ezdk93eEIxbnFHTUk2cEhpWEJxUU5fZUNVTTBMYzR1bHl3Y0VlbVFiWU5SUHVaNUhQX2tsY0taOVgyRTltTWJXc29DTkVpd3BBY0xTTzdaa2VUVU95LWlNRlRNQkw0VndEQUF3R2ZMMW5JX09hd09wTFdrTkN1Ylk?oc=5) · mtdemocrat.com
- 2017-05-25 [Mary Hawkins named ABC10's Teacher of the Year! - ABC10](https://news.google.com/rss/articles/CBMivwFBVV95cUxOaWloUHJHYWllb2Jubm5XNURSTXd6a2NxeUh6SFlFaVdTTXJEYkNONGxXVkx4M3o1RWE4My1aeEFSNndZSmx0RXFvOUN5OFkyT0YzZ3JhQnFjY2wyWDJTakNUVFhCZ29mc09DZDg2VzRYSmMwcWU0eldROTdZSGpKNXQ0ZkVDaWs0NHVZdXVOdnJKOGNzeS1TTjBwcUN3Rms5NFo2YWFuYjR0cmloX2lyX25UcVd5a2p6aDlkUC1mTQ?oc=5) · ABC10
- 2016-08-13 [List of banks that support Apple Pay in the United States - 9to5Mac](https://news.google.com/rss/articles/CBMie0FVX3lxTE15UkVmX3k3aURqZXBKcFZCVTJuMEEzWTlLUEpQRDdTR25DQ2lPVXZGeEYycEVZcXl5RThsdlg3aUV6WHZFdWIzWDBUR2ZsT2FUcG1JWU5mbzJ3bVRUT0NjaEFFQXJaV0o1RklzdW03bzN2MXJoV3B1aFhEWQ?oc=5) · 9to5Mac
- 2019-08-12 [Jean Davis Obituary (1962 - 2019) - Long Beach, CA - Press-Telegram - legacy.com](https://news.google.com/rss/articles/CBMikgFBVV95cUxOenFGM05WeWhHaFMwNGVtSlZCWEhsY0FhazhiNFlwRGtIRGI3Ymw5eEVrOHhLTmhHNUQ1MzdpZTVkeXBxOVgwQWt6ajNjS21xdGI0UjNBRUFCY19iZnZQcUdRTVljREd0TldncnVKN2hBU2J6OE12cUljczVsNjBjNlkzX2JXV3BkODVmNmllUW02QQ?oc=5) · legacy.com

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=68398 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/46.json (key "68398", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=68398
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide