Serve as a Volunteer and Make a Difference

Diverese hands together - Recruiting Volunteers representative of membership

Your Credit Union is a unique financial cooperative owned and operated by its members, not for profit. This means you have a say in how the Credit Union is run!

Member-Driven and Volunteer-Led:

Our Board of Directors are members like you, who volunteer their time and expertise to represent the interests of the entire membership. They guide the Credit Union’s direction, and the management team reports to them regularly, ensuring decisions prioritize member needs.

Become a Volunteer Leader:

We’re currently seeking passionate members to join the Supervisory Committee or Board of Directors. By volunteering, you’ll play a vital role in shaping the future of the Credit Union and directly impact your community.

There are two (2) ways to submit your application (application process):

  • Submit an Application: Share your qualifications and interest with the Nominating Committee by Monday, March 18, 2024.
  • Petition Option: Gather signatures from at least 200 active members in good standing by Monday, April 22, 2024. This option allows you to directly demonstrate member support for your candidacy.

Please note:

  • The positions currently held by Yoshiko Fong, Dr. Gayle Ball-Parker, and Dr. Antoine Hawkins are vacant. The Nominating Committee is considering nominating the incumbents to serve another term.
  • The term for elected volunteers is three years (2024-2027).

Fraud Alert! Secure Your Information.

Avoid getting spoofed

It has come to our attention that fraudulent activities, such as spoofing phone numbers and emails are on the rise. Unfortunately, this trend is not exclusive to our institution; it is a widespread issue affecting financial organizations everywhere.

A good rule of thumb to follow: If you did not originate the call to the credit union, DO NOT share your personal information!

We want to reiterate that Schools Federal Credit Union will never initiate a phone call to request your personal information. Should you receive a call where the caller claims to be from our institution and asks for sensitive information like your social security number, date of birth, username, or password, please be aware that it is not us. In such instances, we advise you to promptly disconnect the call.

If in doubt, disconnect.

If you ever find yourself in doubt about the authenticity of a communication purportedly from Schools Federal Credit Union, please do not hesitate to contact us directly to authenticate the call. Additionally, it’s important to remember that you are the only one who knows the answers to security questions used for accessing online banking. We do not store records of your answers. Our online banking system employs robust security measures to authenticate access to your accounts.

Password Sharing.

We know you’ve heard it before, but do not share your passwords. If possible, update your passwords regularly, especially if you use a computer (or any device) that is shared with anyone. In fact, we recommend that you have unique passwords specifically for your account at Schools Federal Credit Union. This means that you should not use the same password you would normally use for other services, such as Netflix or Hulu.

We do make calls. What to expect.

When we do call, it is never to request access to your online account. There are several reasons why we may reach out, such as to inform you of suspicious debit/credit card activity or to provide information you have requested. However, under no circumstances will we call to collect personal information.

2024 Olonzo Woodfin Cash Scholarship

As the academic year progresses, we find ourselves on the brink of celebrating the accomplishments of the graduating class of 2024. It is with great pleasure to announce that Schools Federal Credit Union will offer four $1,000 cash scholarships in honor of Olonzo Woodfin III. Mr. Woodfin, a distinguished volunteer who served as both a Supervisory Committee Member and a Board Member for our Credit Union, exemplifies the values of commitment, leadership, and community engagement that we hold dear.


In his roles as a Supervisory Committee Member and Board Member, he brought a wealth of experience and strategic insight to the table. His commitment to fostering a sense of community and financial empowerment has had a lasting impact on the individuals we serve and the overall success of our Credit Union.


To be eligible for the Olonzo Woodfin III Scholarships, applicants must:

  • Be a graduating high school student in Los Angeles County, or is a relative of a current Schools FCU member or LAUSD employee.
  • Submit an essay on financial literacy and its importance for empowerment (1,000-word minimum).
  • Must be applying for or have already been accepted as a full-time student at an accredited college or university. Submit acceptance letter and/or proof of application.
  • Provide high school transcripts.
  • Submit two letters of recommendation

We encourage eligible students to apply for the Olonzo Woodfin III Scholarships and embark on a journey of continued success and service. All completed applications must be received by Friday, May 24, 2024. Best of luck to all applicants as they pursue their academic and community-oriented aspirations.

Apply Now

Reminder!!! Changes to FAFSA Application

Changes to FAFSA Application

The FAFSA application process has recently undergone important changes, introducing new eligibility formulas for grants and scholarships. These changes necessitate students to complete the FAFSA application to ensure they can take advantage of available financial assistance.

To stay informed about these updates, we recommend reaching out to your counselor or visiting the Federal Student Aid website. Your counselor and the`website are valuable resources that can provide insights and guidance tailored to your specific situation.

Visit: Federal Student Aid (an office of the US Department of Education)

Exciting News: Zoom Session with a College Advisor!

In addition to these resources, we are working on organizing a Zoom session with a knowledgeable college advisor. This session will offer an in-depth discussion of the recent changes to the FAFSA process, specifically focusing on introducing new eligibility formulas for grants and scholarships. It will also provide an opportunity for you to ask questions and gain a clearer understanding of how these changes may impact you.

Would you be interested in attending this FREE Zoom session? Please complete the survey below and stay tuned for further details. Your educational journey matters to us, and we’re here to support you every step of the way.

Expanded Contact Center Hours!

Expanded contact hours

Exciting News! Your feedback has sparked a change in our services! We are thrilled to announce that we’ve revamped our operating hours for our Contact Center to better align with your schedule. We can now be reached from 6:00 am to 8:00 pm every Monday to Friday!

Please be aware that the operating hours for our branches remain unchanged. Our Torrance and Los Angeles Branch is open Monday to Friday from 9:00 am to 5:00 pm. Additionally, you have access to over 5,000 Service Centers (CO-OP Shared Branch), many of which offer extended hours, including Saturdays. Please use the Locator Guide to find the nearest location.

5 Ways to Make Money Resolutions That Stick, by Greenpath

Take Control of Your Finances

The New Year is a time for new beginnings. Are you ready to make money resolutions that stick?

Eliminating debt, learning new spending habits, or building savings are choices that can change your life. They can affect your entire well-being from stress levels, to physical and mental health.

When considered as one big New Year’s goal, it can be overwhelming to know where to begin. To make it possible in the year ahead, here are five tips to commit to your financial health.

Make a Road Map. Set a Goal (and Write It Down)

Goal setting gives you direction. You can decide on your destination and make a plan to get there. This might seem small, but it’s not. Not only is goal setting linked to higher achievement and self-confidence, but writing down your goal can also make you more likely to succeed.

Be Specific About What You Want, and Why You Want It

Getting clear on your priorities and deciding on a specific goal are two keys to success. When it comes to your money and your financial situation, set aside some time to reflect on what you really want to accomplish –and be specific. Ask yourself three “W” questions: 1- What do you want to accomplish? 2- When will you achieve it? 3-Why does it matter to you?

Visualizing a dollar amount can lead to success, whether it is a specific figure to save, pay off, or earn in the year ahead. Keep that figure alive by writing it down or tracking it in an app. A real dollar amount makes for a real goal. Give yourself a deadline while you’re at it, to motivate you even further.

Be Positive and Realistic

Goals can challenge you and help you grow into a new future. Choosing a goal that is attainable is another important part of success.

Let’s say you’ve chosen a clear goal –with a positive outcome -such as: “In five years, I will be debt free. I will pay off my entire debt of $12,000 so that I can focus on enjoying my family instead of worrying about money.”

Be sure it’s a realistic goal based on your specific situation. Given your income, debts and expenses, is it realistic to spend $200 on your goal each month? Is it possible to pay it off even faster by spending $250 a month? Or does your budget allow for $100?

Staying positive and being realistic shows you how much you can devote to sticking to achieving your goal.

Keep and Celebrate Milestones

Making your goal measurable will help it stick. Keeping track of your progress can help you stay focused and motivated.

Tracking progress on an app, spreadsheet, or a simple notebook helps you see your future getting closer and closer.

Break your goal into smaller milestones. This makes it easier to see your progress and is less intimidating. For example, a mini-resolution might be to pay off one credit card. Making smaller changes over time is often easier than making a massive change all at once.

Celebrate your success along the way. Celebrating wins actually “trains your brain” by reinforcing your new habits, which makes it easier to stay on track if you hit a bump in the road at some point.

Make (and Work) the Plan

Money resolutions often go by the wayside if they serve as a goal without a plan. A plan outlines how you will accomplish your goal.

Keep it simple. The plan might define how much you will spend toward your goal, how often you’ll make deposits on it, and the method you’ll use to transfer money toward your goal. For instance, automating monthly payments or savings goals is proven to help people stick with money resolutions.

Choose one habit to change at a time. For example, if you need to reduce your credit card spending, focus on making that change as your first milestone. Then move on to setting money aside for payoff.

Ready to Make Money Resolutions That Stick?

A New Year is a new opportunity for success. There’s good news –you don’t have to go it alone! Our partners at GreenPath Financial Wellness specialize in helping people get out of debt and improve financial wellness. Make those money resolutions stick by speaking with a financial expert. The call is free and confidential.

Save On Insurance

Save on Insurance With Trustage

TruStage® Auto & Home Insurance Program

Designed for credit union members like you, the TruStage® Auto & Home Insurance Program provides affordable top-quality protection. You could enjoy discounted rates combined with online convenience and 24/7 claims service.

Get your free insurance quote online today or call 1-855-589-2146.

TruStage® Auto & Home Insurance Program is made available through TruStage Insurance Agency, LLC and issued by leading insurance companies. To the extent permitted by law, applicants are individually underwritten; not all applicants may qualify. Discounts are not available in all states and discounts vary by state. A consumer report from a consumer reporting agency and/or motor vehicle report will be obtained on all drivers listed on your policy where state laws and regulations allow. Please consult your policy for specific coverage and limitations. The insurance offered is not a deposit, and is not federally insured, sold or guaranteed by your credit union.

© TruStage Insurance Agency

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