Before April 14, 2008, it was named Orange County Teachers Federal Credit Union, or OCTFCU.

They pooled $1,200 and established Orange County Teachers Credit Union with a California state charter.

[6] The merger was official on January 1, 2020, with the integration of both credit unions data occurring on November 1, 2020.

In early 2019, SchoolsFirst and Schools Financial announced plans to merge, pending regulatory and member approval.

During the financial hardship created by COVID-19 and wildfires, SchoolsFirst FCU reversed $4 Million in Fees and gave $1.28 Billion in loan assistance.