The group of classified employees collectively formed Los Angeles Classified School Employees Federal Credit Union, which is now known to our present name of Schools Federal Credit Union. Throughout the years, there have been many challenges in the economy. But despite the many challenges, the credit union continues to strive. Our commitment to providing discounted financial services to our members remains the same. Every action/decision is made for the benefit of our members, -not for profit. Today, Schools Federal Credit Union now serves over 14,000 members with over $120 million dollars in assets.