SchoolsFirst FCU

Legal name: Schools Financial Credit Union

Nonprofit profile at a glance

EIN
941189841
IRS 990 coverage
2010–2019
Official website data refreshed
Sep 2026
Forms available
Form 990 2019, Form 990-N 2009
Location
Sacramento, CA, USA
Phone
(800) 462-8328
Rating confidence
Limited
Sector
Credit Unions

Official website

Reported finances

Revenue
$101,261,825
Expenses
$69,254,863
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • TIMOTHY MARRIOTT (PRESIDENT/CEO)

Highest reported compensation

  • TIMOTHY MARRIOTT (PRESIDENT/CEO): $1,675,200 total reported compensation
  • TODD DEVOOGD (SVP FINANCE/CFO): $314,809 total reported compensation
  • STEVE LANGLEY (SVP MEMBER SERVICES/CHIEF RETAIL OFFICER): $280,380 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To promote thrift and savings among members, to create a source of credit for members at interest rates set by the board of directors, and to provide members with an opportunity to use and control their money on a democratic basis in order to improve their economic and social conditions.

What it reported doing in 2019

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.

Operating model

Revenue model
Earned-program. 90% of the money available for current operations came from fees and other program revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 82
  • Accountability: 100
  • Sustainability: 46
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 68th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 81st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 31.6%; rating input score 95; 95th percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 5.3%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 5.6% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: -1.5% per year; rating input score 0; 8th percentile among comparable filings

Details

  • What they do: Mission, programs, and operating context captured from the official website.
  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 6 of 6 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments
  • Leadership: top reported pay $1.7M · 16 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.4M reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 10 filing years from 2010 to 2019
  • Contacts: How to reach this organization
  • Money network: 17 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • High — Grant Readiness: California registration: this organization is not authorized to operate as a charity in California.