WHAT OUR MEMBERS SAY
WHAT OUR MEMBERS SAY
About SchoolsFirst FCU

“I love that SchoolsFirst FCU caters to me as a teacher. I feel secure knowing I have my money with the Credit Union.”

- Jennifer Q.  
Member Since 2002

About SchoolsFirst FCU
Products Exclusively for School Employees
Products Exclusively for School Employees

For more than 80 years, we've been tailoring financial products and services to fit the unique needs of school employees. 

 

Savings

 

Our two savings account options are designed for school employees on a 10- or 11-month pay schedule, and can help prepare you for the summer months when you may not be receiving a paycheck.

 

Summer Saver: A savings account with flexible, penalty-free withdrawals throughout the year. Monthly deposits are made through payroll deduction, payroll direct deposit or automatic share-to-share transfer. 

 

Paycheck Planner: A more structured account for those who want to keep their savings locked-in until the summer months when they may not be receiving a paycheck.
 

Direct Deposit
 

Direct Deposit: Set up direct deposit and you can receive your paycheck from a participating school district one day before payday.  

 

Loans

School Employee Mastercard: A credit card made specifically for the unique financial needs of school employees. The credit card features 1.50% cash back,1 an interest-only payment option during the summer2 and skip-a-pay in January if you need a break after the holidays.3
 

School Employee Auto Loan with "Summers Off": Take a break on your SchoolsFirst FCU auto loan4 during the summer months when you don’t receive a paycheck (limited to two consecutive months each year).

 

Computer Loan: Low-interest loan up to $2,500 to upgrade or replace a computer and purchase new software or hardware.

 

Classroom Supplies Loan: 0.00% APR5 loan up to $1,000 to help classroom teachers purchase materials and tools for your classroom.

 

Uniform Loan: 0.00% APR5 loan up to $500 for classified school employees to purchase clothing and equipment.


Special Curriculum Loans: Low-interest loans to help you pursue authorized advanced degrees or career advancement programs.

 

School Employee Mortgage: Exclusively for school employees, this loan offers reduced fees and a 45-day rate lock.
 

Retirement Credits Personal Loan: Low-interest loan that provides funding for the purchase of CalPERS or CalSTRS retirement credits.

 

Retirement Investments6
 

403(b): Pre-tax contributions made directly from your paycheck; taxes are paid on withdrawals, which can begin as early as 59½.

 

Roth 403(b): After-tax contributions made directly from your paycheck; tax-free withdrawals can begin at age 59½ as long as the plan has been established for five years.

 

457(b): Pre-tax contributions made directly from your paycheck; taxes are paid on withdrawals, which can be taken when you leave your employer, or in the event of unforeseen emergency, disability or death.

 

 

 

1Earn 1.50% cash back on qualifying purchases. Cash advances, balance transfers and returns are not eligible for cash back. Deposits will be made monthly to Summer Saver. If Summer Saver maximum contribution limits have been reached, or if no Summer Saver share is open, deposit will be placed in Member's Primary Share 01 (Savings).

 

2Offered during June, July and August. Members must contact SchoolsFirst FCU to confirm eligibility and to take advantage of interest-only payments. 

 

3Automatically offered during January billing cycle to qualified Members. Interest will continue to accrue during the skip payment period. 

 

4Restrictions apply. Interest will continue to accrue during the skip payment period.

 

5Rate reflects a 0.75% discount for payment made by automatic transfer from your SchoolsFirst FCU Savings or Checking account.

 

6Securities sold, advisory services offered through CUNA Brokerage Services, Inc. (CBSI), member FINRA/SIPC, a registered broker/dealer and investment advisor. CBSI is under contract with SchoolsFirst FCU 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. Please consult with a qualified tax professional for tax advice on your specific situation. 

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