Schoolsfirst Federal Credit Union (24212), a $34.4B credit union headquartered in Santa Ana, CA, led by CEO Cheney, reported $21.5B in outstanding loans at the end of 2025 Q3, an increase of $1.7B (+8.5%) compared to the same quarter last year.
The credit union's 73.4% loan-to-share ratio represents a balanced approach to asset-liability management. With 1,119,620 loans outstanding to 1,526,734 members, the average loan balance stands at $19K.
At a high level: growth optionality remains strong with ample deposit runway.
Portfolio Composition
Schoolsfirst Federal Credit Union's loan portfolio is dominated by Used Vehicles, comprising 15.4% of total loans. This heavy concentration in vehicle lending reflects the credit union's core competency in indirect auto finance.
Loan Portfolio Breakdown
| Loan Type | Balance | % of Portfolio |
|---|---|---|
| Used Vehicles | $3.3B | 15.4% |
| New Vehicles | $2.6B | 12.2% |
| Indirect Loans | $2.5B | 11.8% |
| Other Unsecured | $2.2B | 10.4% |
| Credit Cards | $1.4B | 6.5% |
| Business Loans | $100K | 0.0% |
Source: NCUA 5300 Call Reports (2025_Q3)
Quarterly Loan Trends
Sustained loan growth of this magnitude typically reflects competitive pricing, expanded indirect lending channels, or successful member acquisition campaigns.
Quarterly Trend
| Period | Total Loans | QoQ Change | Loan/Share |
|---|---|---|---|
| 2024 Q2 | $19.5B | 76.3% | |
| 2024 Q3 | $19.8B | +1.4% | 76.7% |
| 2024 Q4 | $20.2B | +1.8% | 75.1% |
| 2025 Q1 | $20.4B | +1.0% | 72.2% |
| 2025 Q2 | $20.9B | +2.8% | 72.6% |
| 2025 Q3 | $21.5B | +2.7% | 73.4% |
Source: NCUA 5300 Call Reports
Credit Quality & Risk
Schoolsfirst Federal Credit Union reports $189.1M in loans delinquent 60+ days, representing a 0.88% delinquency rate. This moderate delinquency rate is consistent with industry norms.
Year-to-date net charge-offs of $156.8M represent a 0.73% annualized loss rate. Charge-off trends should be monitored as economic conditions evolve.
Historical Context: Since the 2008 Crisis
Schoolsfirst Federal Credit Union's loan portfolio has grown 307% since Q3 2008, when the financial crisis was at its peak. At that time, the credit union held $5.3B in loans with a 1.00% delinquency rate.
Today's delinquency rate of 0.88% remains below crisis-era levels, demonstrating improved credit quality and risk management.
Peer Comparison
Among 8 credit unions in its $17.2B–$51.6B asset peer group, Schoolsfirst Federal Credit Union ranks in the 50th percentile for loan growth.
Outlook
With strong loan growth momentum, Schoolsfirst Federal Credit Union appears well-positioned for continued portfolio expansion. Key factors to monitor include deposit growth to fund lending, credit quality trends, and competitive dynamics in the CA market.
Schoolsfirst Federal Credit Union's Q4 2025 results, expected in early 2026, will provide further insight into whether this growth trajectory can be sustained.
Track This Credit Union
Monitor Schoolsfirst Federal Credit Union's quarterly loan performance, credit quality metrics, and portfolio composition with Finleet Terminal.
Data Sources: NCUA 5300 Call Reports (2025_Q3), NCUA Historical Data (2007-present), Finleet Proprietary Analysis
Methodology: Year-over-year growth calculated comparing 2025_Q3 to same quarter prior year. Peer groups defined as credit unions within 50% asset range. Delinquency rate calculated as loans 60+ days past due divided by total loans. Crisis comparison uses Q3 2008 as baseline.