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“The Credit Union has something for everyone, from someone who is financially savvy to a person who just needs basic services.”


– Amy C.
Member Since 2010

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Paycheck Planner
Paycheck Planner

 

Designed exclusively for school employees who are on a 10- or 11-month pay schedule, you can use this share certificate to distribute your pay over 12 months so you can enjoy your summer months without worrying about an interruption to your income.
 

Paycheck Planner works with direct deposit. Each pay period, a percentage of your direct deposit is automatically deposited into your SchoolsFirst FCU Paycheck Planner account. During the summer months, you’ll receive your savings just as you would your paycheck.

 

In addition, you can make a one-time additional deposit, up to a maximum of $3,000, each school year.

Features

  • Variable rate account
  • Higher dividend than Share Savings
  • Available only to school employees
  • Monthly deposits through payroll direct deposit only
  • Transfer(s) will be made on your desired designated date(s)
  • Optional one-time additional deposit up to $3,000 allowed per school year
  • No penalty-free withdrawals are allowed to ensure sufficient funds for the summer months

 

If you’d rather have more flexibility with your savings, we recommend looking at Summer Saver.

Compare Paycheck Planner to Summer Saver

 

For 10-month school employees:

  • 16.7% of your paycheck will be transferred into your Paycheck Planner
  • Choose to receive your two transfers on the 10th, 20th or 30th of:
    • June and July
    • July and August or
    • August and September
  • 50% of the Paycheck Planner balance will transfer on the first date and the remaining balance will transfer on second date chosen

For 11-month school employees: 

  • 8.3% of your paycheck will be transferred into your Paycheck Planner
  • Choose to receive your transfer on the 10th, 20th, or 30th of June, July or August

Open an Account

Call

Call

800.462.8328

Monday through Friday, 7 a.m. - 7 p.m.
Saturday, 9 a.m. - 3 p.m.

 

Branch

Visit

 

Any SchoolsFirst FCU branch

 

 

 

Minimum Balance Dividend Rate Annual Percentage Yield (APY)
$0 3.20% 3.25%

 

 

 

 

Disclosures

Programs and Annual Percentage Yield (APY) valid as of date and subject to change after account opening. Early withdrawal penalty: Subject to share certificate early withdrawal penalty and closure of the account. Fees may reduce earnings on the account. Funds in your Paycheck Planner account will transfer to your specified SchoolsFirst FCU share account(s) on your designated transfer date(s). Initial term may vary depending on date account opened, renewing automatically into a 12 month term upon maturity. A minimum balance of $0.01 is required to keep Paycheck Planner account open for the following school year.

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