Volunteers Needed, Your Credit Union Needs You

Our governing board is composed of past and present employees from LAUSD, LACCD, CSUDH, and other school districts we serve. Simply put, our board is a solid representation of our members.

As a member, you can nominate other members, including yourself, to serve on the board or one of its committees. We’re seeking volunteers with financial and business expertise who are members in good standing and at least 18 years old.

If you’re interested in serving as a volunteer, please indicate your interest or nominate other members by sending an e-mail to admin@schoolsfcu.org by April 17, 2021. Include qualifications, such as resume and experience. Nominees will be reviewed and contacted by the Nominating Committee.

It may be virtual due to the pandemic. Regardless, we’ll discuss our financial performance and announce the results of our election for board members. Check SchoolsFCU.org or our social media as we’ll share information on the date and location when it becomes available.

Schools Federal Credit Union Partners with GreenPath Financial Wellness to Offer Financial Counseling to Individuals and Families

Schools Federal Credit Union is partnering with GreenPath Financial Wellness, a leading national nonprofit organization, to provide access to free, one-on-one financial counseling, debt management services and financial education resources. 

Through the partnership, GreenPath counselors will assess an individual or family’s entire financial picture and identify options that make it easier to plan for a financially healthy future. Caring, certified experts deliver debt counseling to help people manage credit card debt and other consumer debt. GreenPath’s housing counseling includes foreclosure prevention services, home buyer preparation assistance, and reverse mortgage counseling. GreenPath counselors also provide student loan counseling.

“Those we serve who might be concerned about their financial picture are now in a better position to make informed decisions for a bright financial future,” said Catherine Stinson, CLO. “Whether it’s credit card debt, unexpected loss of income or meeting housing payments, it’s important to remember you’re not alone. GreenPath’s financial counseling is free, confidential, and designed to help ease financial stress.”

Coverdell Education Savings Account

Start saving for the education of the young people in your life with a Coverdell Education Savings Account!  This account can play an important role in helping pay for qualified educational expenses.  As an added bonus, we’re rewarding you with an attractive rate of 3.00% (3.034% APY)! 

You can contribute to a Coverdell ESA even if you don’t have earned income. The contribution is limited to $2,000 a year for each beneficiary until the age of 18. Contributions to a Coverdell ESA are not deductible, but amounts deposited in the account grow tax free until distributed.  The beneficiary will not owe tax on the distributions if they are less than a beneficiary’s qualified education expenses at an eligible institution. This benefit applies to qualified higher education expenses as well as to qualified elementary and secondary education expenses.

Coverdell Education Savings Account (C)MinimumAPR*APY*