January 27, 2020

CONTACT: Shelton Roulhac, NASCUS Communications; [email protected]


ITO: “Since its inception, SchoolsFirst FCU has demonstrated a commitment to the safety and security of its Members and the strengthening of the credit union movement.”

Arlington, VA – Today, NASCUS announced SchoolsFirst Federal Credit Union as the organization’s newest member. As the largest credit union in California, SchoolsFirst FCU, with headquarters in Santa Ana, Calif., has more than 60 branches and has a mission to provide school employees and their families with World-Class Personal Service and financial security.

“SchoolsFirst FCU has had a profound impact on the California educational community by providing outstanding, competitively priced financial products and services to its Members, distributing generous grants and scholarships to help school employees create enriching classroom programs, and advocating policymakers to promote and protect credit unions,” said NASCUS President & CEO Lucy Ito. “Because of the commitment of SchoolsFirst FCU to its Members, community and the credit union movement, we are excited to have SchoolsFirst FCU as a NASCUS member.”

“We are dedicated to advocating for policies and regulations that will enable credit unions to better serve Members,” said Bill Cheney, President/CEO of SchoolsFirst FCU. “Our NASCUS membership is an extension of our work to strengthen and improve the operating environment for credit unions and to further support the dual chartering system.”

About SchoolsFirst Federal Credit Union
SchoolsFirst Federal Credit Union was founded in 1934 as Orange County Teachers Credit Union, when 126 school employees pooled $1,200 and established a cooperative financial institution to help improve each other’s lives. Today, SchoolsFirst FCU serves more than 1.1 million school employees and their families with a full range of financial products and services. With more than $19 billion in assets, more than 60 branches and over 2,400 team members, it remains the largest credit union in California and the fifth largest nationwide. For more information, please visit


NASCUS is the national association that advocates for a strong and healthy state credit union system, and whose members include state regulatory agencies, credit unions, credit union leagues, and organizations that support the state credit union system. For more information, please visit


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