SchoolsFirst FCU · Santa Ana, CA United States
Company Description
View SchoolsFirst FCU Locations On A US Map
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This link will open in a new window SchoolsFirst FCU, formerly Orange County Teachers Federal Credit Union (OCTFCU), serves more than 375,000 members through some 26 branches in Southern California. The credit union's name change in 2008 was implemented to better reflect its membership, which is open to all school employees and their families in 10 Southern California counties, not only Orange County. The credit union offers traditional financial products such as checking and savings accounts, loans, mortgages, and credit cards. It also provides access to investment and retirement products such as mutual funds, IRAs, annuities, stocks, and bonds, as well as auto, home, and life insurance. To read the full description, subscribe now.
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Key SchoolsFirst FCU Financials
| Company Type | Private - Not-for-Profit Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $471.6 |
| Employees | 743 |
SchoolsFirst FCU Executives
15 executives listed for SchoolsFirst FCU's Santa Ana, CA location.
| Title | Name & Bio | Contact |
| Chairman | Carl Manemann | Network |
| President and CEO | Rudolf Hanley | Network |
| SVP Finance and Information Technology | Erin Mendez | Network |
Competition
Competitive Landscape for SchoolsFirst FCU
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top SchoolsFirst FCU Competitors
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