WHAT OUR MEMBERS SAY
WHAT OUR MEMBERS SAY
About SchoolsFirst FCU

“A great partner makes all the difference. SchoolsFirst FCU is with us every step of the way.”

- Gwynne and Wayne S. 
Members Since 1957

About SchoolsFirst FCU
MOST POPULAR CONTENT
MEMBER FAVORITES Social Media Channels
Branch & In-Store Branch Services
Free Checking
eServices
Exclusively for School Employees
457(b) Deferred Compensation Plans
457(b) Deferred Compensation Plans
 

Tax-Deferral for Even More of Your Retirement Assets

Offered by SchoolsFirst Plan Administration, LLC

 

Some school districts sponsor 457(b) deferred retirement plans, which are available to school employees working at least 20 hours a week.

 

The SchoolsFirst Plan Administration 457(b) Plan offers both an investment option, offered through the SchoolsFirst/Nationwide Retirement Builder Plan, and a share certificate* option, offered through SchoolsFirst Federal Credit Union. Retirement Builder Plan is available to school employees in districts where SchoolsFirst Plan Administration, LLC serves as Third-Party Administrator.

 

457(b) plans operate much like 403(b) plans in terms of taxes and loans:

  • Contributions up to certain limits are pre-tax, reducing your current federal and state income taxes
  • Earnings on your investment grow tax deferred, giving you a much larger nest egg than a similar taxable investment
  • Distributions are taxable at current tax rates as ordinary income; distributions may be made when you leave your employer or in the case of death, disability or unforeseeable emergency; distributed funds cannot be rolled back into the plan, and penalties may apply in some cases
  • You can take loans against your 457(b) while still employed without penalty in most cases. Loan repayment terms and interest rates are determined by your investment provider

Help reduce your taxes today while maintaining flexibility for the future.

 

SchoolsFirst Plan Administration Plan Vue®

Access to your retirement plan is faster and more convenient when using SchoolsFirst Plan Administration Plan Vue®. Features include: 24/7 access, ability to adjust your deferral amounts, view your year-to-date summary, and view your 403(b) and 457(b) plan limits.

 

 

Returning Users

Log in to SchoolsFirst Plan Administration Plan Vue®

New Users

Use these steps to establish your account access:

  1. In the User ID box, enter your 9-digit Social Security number (no dashes or spaces)
  2. In the Password box, enter the last 4 digits of your Social Security number (no dashes)
  3. Follow the prompts to complete your SchoolsFirst Plan Administration Plan Vue® profile

Get started now

 

 

 

Get Started

Online

Request a complimentary consultation with a retirement advisor1

 

Call

Call 

 

800.462.8328 ext. 4116

Monday through Friday, 8 a.m. - 5 p.m.

 

Email request for complimentary consultation with a financial advisor

Email

Contact a retirement specialist by sending an email to retirementadvisors@schoolsfirstfcu.org

 
Check the background of our investment professionals on FINRA's BrokerCheck

 

Disclosures

Please consult a qualified tax professional for tax advice on your specific circumstances.


*Membership Required


1Retirement planning advisors and services provided as a benefit to SchoolsFirst FCU Members by SchoolsFirst Plan Administration, LLC, a wholly-owned affiliate of SchoolsFirst FCU. Securities sold, advisory services are offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with SchoolsFirst FCU, through the financial services program, to make securities available to Members. Not NCUA/NCUSIF/FDIC insured, may lose value, no financial institution guarantee. Not a deposit of any financial institution. CUNA Brokerage Services, Inc. is a registered broker/dealer in all fifty states of the United States of America. 

NOT A MEMBER?
NOT A MEMBER?
WHO CAN JOIN?
WHO CAN JOIN?
School Employees

Employees and retirees of eligible primary and secondary schools, colleges and universities.

 

More

Family Members

Immediate family members of existing SchoolsFirst FCU Members can join too.

 

More
REFER A FRIEND
REFER A FRIEND