WHAT OUR MEMBERS SAY
WHAT OUR MEMBERS SAY
About SchoolsFirst FCU

“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

About SchoolsFirst FCU
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Paycheck Planner vs Summer Saver
Paycheck Planner vs Summer Saver
  Summer Saver Paycheck Planner
Profile A savings share for school employees who want withdrawal and deposit amount flexibility while saving for the summer months

A share certificate designed for school employees on a 10- or 11-month pay schedule who want to distribute their payroll over 12 months

Eligibility All current school employees

All school employees on traditional 10- or 11-month payroll

Term

Varies based on opening date. Automatic annual renewal. Must meet eligibility requirements at annual renewal. May be established at any time.

Initial term varies based on opening date. Then, automatically renews into a 12-month term. May be established at any time.
Maturity Dates

Choose a date between June 1 and August 31 for funds to transfer into designated share.

Default transfer date is August 25

10-month school employees — 10, 20, or 30 of June and July, July and August, or August and September

11-month school employees — 10, 20, or 30 of June, July, or August

Distribution at Maturity Deposited into one share savings or checking share.

Follows direct deposit distributions.

Grace Period Not applicable

10 days from date renewed for the next term

Withdrawals

Unlimited withdrawals allowed. Access to funds available through:

  • Online Banking
  • ATM
  • In-branch
Not allowed outside of the grace period. Withdrawal subject to share certificate early withdraw penalty and closure of the account. 
Deposit Method Direct Deposit or automatic share-to-share transfer

School Direct Deposit

Additional Deposits Not allowed

One-time up to $3,000 per share

Deposit Limits

Maximum: $2,000/ per month

Minimum: $1/ per month

Set percentage of salary based on pay schedule 

Rates

Variable, high dividend rate subject to change after account opening.

Variable, high dividend rate subject to change after account opening.
Minimum Balance to Earn Dividends $0

$0

Number of Shares Allowed One per school employee Member, per year

One account per school district payroll

 

 

Disclosure & Agreement of Terms & Conditions

Statement of Fees

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Statement of Fees •  Statement of Fees
 
 
Calculators •  Calculators
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