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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

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Exclusively for School Employees
Special Curriculum Loans
Special Curriculum Loans
 

Pursuing an advanced degree or professional certificate is an expensive endeavor for school employees striving to further their educational career. These unique loan programs are designed for school employees to help pay for tuition, books, and other expenses associated with continuing education.

 

Fixed-Rate Loans
These loan programs are designed to assist school employees who are enrolled in approved California Commission on Teaching Credentialing or National Board for Professional Teaching Standards career advancement programs.

 

Features:

  • Loan amounts up to $15,000
  • Rate as low as 6.90% APR1
  • Up to 60 months to repay1,2

Requirements:

  • Member must be a school employee
  • Proof of enrollment in approved program
  • A completed Private Education Loan Applicant Self-Certification form 
  • SchoolsFirst FCU accounts must be in good standing

 

Approved Program Description Max. Term1 Max. Loan Amount
Teacher Induction Loan Helps teachers who are pursuing a California Clear Teaching Credential pay for General Education and/or Education Specialist Credentials Induction program expenses. 60 months $10,000
Education Specialist Program/Teaching Credential Provides support for teachers to pay for an Education Specialist Credential, Added Credential and Added Authorization Programs. 60 months $15,000
Teacher Certification Loan (NBPTS) Designed to assist teachers pursuing advanced certification from the National Board for Professional Teaching Standards. 24 months $2,500
Paraprofessional Teacher Training Program (PTTP) Loan Assists school employees who are pursuing a teaching credential and are enrolled in a PTTP. 24 months $1,500
Career and Technical Education (CTE) Credential Program Provides support to aspiring and current teachers to obtain their CTE credential. 24 months $2,000
Clear Administrative Services Credential Program (CASC) For current administrators who are pursuing a Clear Administrative Credential (Tier II). 60 months $15,000
Preliminary Administrative Credential Program (PASC) Designed for educators pursuing a career in administration (principal). Plus, make no payments for the first 12 months.2 48 months2 $10,000

 

School Employee Product Rates & Terms

 

Variable-Rate Loans
These loan programs are designed to assist school employees who are enrolled in approved higher education programs.

 

Features:

  • Loan amounts up to $50,000
  • Low variable rate
  • Up to 15 years to repay3 with first 5 years interest-only payments, followed by up to 10 years principal and interest payments

Requirements:

  • Member must be a school employee
  • Proof of enrollment in approved program 
  • A completed Private Education Loan Applicant Self-Certification form
  • SchoolsFirst FCU accounts must be in good standing

 

Approved Program Description Max. Loan Amount
Doctorate of Education in Educational Leadership (CSU) A three-year CSU course of study leading to a Doctorate of Education in Educational Leadership.

$50,000 total for the three-year program.

  • To be taken in three annual advances
  • Must reapply every year
  • New loan request will be added to the existing balance each year
Masters in Speech and Language Pathology A two-year program for enrollees of any Masters in Speech and Language Pathology advanced degree program. Candidates must have an employment agreement with their district office. $25,000 total for the two-year program

 

School Employee Product Rates & Terms

 

How to Apply

Call

Call

800.462.8328

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

 

Branch

Visit

 

Any SchoolsFirst FCU branch

 

 

Disclosures

APR = Annual Percentage Rate. All rates and programs are valid as of 5/24/18, subject to change, and subject to credit approval. Rates, terms, and conditions may vary based on creditworthiness and qualifications. Maximum loan term based upon amount financed.

1Rate reflects a 0.75% discount for payment by automatic transfer from your SchoolsFirst FCU account. Terms and conditions may vary based on creditworthiness, amount financed and program qualifications. Estimated monthly payments per $100: 1) 60-month 6.90% APR loan $1.98; 2) 24-month 6.90% APR loan $4.47.

2The Preliminary Administrative Credential Loan has an initial 12-month deferment period, followed by a 48-month payment term. Interest will accrue during the 12-month deferment period.

3Rate and payment subject to increase after loan is funded. Interest only payments for the first 5 years, then fully amortized up to 10 years. Terms and conditions may vary based on creditworthiness, amount financed and program qualifications. For a $25,000 variable rate loan with a 6.25% APR, the estimated monthly payment for the 5-year interest only period is $130; the estimated monthly payment for the 10-year amortized (principal and interest) period is $281.

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.

 

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Family Members

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

 

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