Credit Union ranked #1 as California’s Best-In-State Credit Union
TUSTIN, Calif., September 06, 2022--(BUSINESS WIRE)--SchoolsFirst Federal Credit Union, the state’s largest credit union which serves more than 1.2 million school employees and their families, has been recognized by Forbes as the number one Best-In-State Credit Union in California. This is the fourth consecutive year SchoolsFirst FCU has been among the top ranking credit unions. SchoolsFirst FCU’s mission is to provide their Members with World-Class Personal Service and financial security to help better their financial lives.
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"It is humbling to receive this recognition from our Members," stated Bill Cheney, chief executive officer. "We have been serving school employees since our founding 88 years ago and continuously strive to improve their financial well-being as our Members’ trusted advisor. We are grateful and thankful to our loyal Members and our team for this honor."
In the fifth annual ranking of Best-In-State Banks and Credit Unions, Forbes teamed up with research firm Statista to conduct in-depth interviews of more than 26,000 U.S. citizens from all 50 states about the financial institutions where they maintain accounts. The study measured six key areas of the institutions including trust, terms and conditions, branch services, digital services, customer service, and financial advice.
In California, ten credit unions received recognition as Forbes’ Best-in-State Credit Union with SchoolsFirst FCU ranking number one. Additionally, of more than 5,000 credit unions nationwide, only 3.6% were awarded the designation.
For more information about SchoolsFirst Federal Credit Union, visit SchoolsFirstFCU.org.
About SchoolsFirst Federal Credit Union
SchoolsFirst FCU is the fifth largest credit union in the country. Serving school employees and their families, the organization is dedicated to providing World-Class Personal Service and improving the financial lives of its Members. Today they serve more than 1.2 million Members with a full range of financial products and services — from savings and loans to investment, retirement and insurance products. SchoolsFirst FCU was founded in 1934, when 126 school employees pooled $1,200 and established a Member-owned cooperative to help improve each other's lives. In 2021, the Credit Union reported nearly $29 billion in assets and remains the largest credit union in California. For more information about SchoolsFirst Federal Credit Union, visit schoolsfirstfcu.org.
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