Programs Specifically for LACCD Employees

youth banking


Our goal will always be to provide services to help those in the educational community. Whether you’re looking for a checking or savings account or to prepare for the future with a retirement account, we’ve got you covered! All of our programs are designed to help you save money while making your financial life easier to manage.

This account serves as your primary account (required) which earns dividends based on your balance. Your membership remains active by satisfactorily maintaining this account.

  • FREE VISA® Debit Card with fraud detection
  • FREE Bill Pay
  • FREE eBanking and Mobile Banking
  • FREE Mobile Deposit
  • FREE Nationwide Access to +30,000 CO-OP ATMs

As a school employee, we know how hard you work all year and how you look forward to an enjoyable summer. Get rewarded by saving up for the summer months with our Summer Safeguard Savings Account! You’ll earn an attractive return and the funds will automatically be transferred to your Primary Share Savings account on the first business day of July.

A checking isn’t just a “checking account”. It’s really your primary tool in managing your day-to-day banking needs. Many financial institutions use this account fee driven channel to generate income. Not us! We offer customized options to suit your financial needs.

We offer different types of accounts to suit your needs. Regardless of which account you choose, you’ll have the following features:

  • FREE VISA® Debit Card with fraud detection
  • FREE Bill Pay
  • FREE eBanking and Mobile Banking
  • FREE Mobile Deposit
  • FREE Nationwide Access to +30,000 CO-OP ATMs
  • Access to +5,000 Branches (CO-OP Service Centers)

Different Checking Types

Not only is this account FREE, we pay you dividends (interest) based on your balance!

Advantage Checking Account

Your ADVANTAGE Checking account automatically comes with all of the benefits you could ever ask for.  For a nominal monthly fee of $4.95 a month, you’ll receive enhanced benefits such as:

  • 5- free Money Orders per month
  • 5- free Cashier’s Checks per month
  • Free Notary Service
  • IDProtect®- Identity theft monitoring and resolution service1
  • Cell Phone Protection2 (Cell phone bill must be paid through this account)
  • Accidental Death & Dismemberment Insurance2 (Coverage divides equally on joint accounts and reduces by 50% at age 70)
  • Debit Advantage® – Buyer’s Protection2 & Extended Warranty2 (Item(s) must be purchased entirely through this account)
  • $hopping Rewards™,*
  • Travel & Leisure Discount Membership*
  • Health Discount Savings* (This is NOT Insurance)

*Registration/Activation Required 1IDProtect service is a personal identity theft protection service available to personal checking account owner(s), and their joint account owners. 2Special Program Notes:  The descriptions herein are summaries only and do not include all terms, conditions and exclusions of the Benefits described.  Please refer to the actual Guide to Benefit and/or insurance documents for complete details of coverage and exclusions.  Coverage is offered through the company named in the Guide to Benefit or on the certificate of insurance.   

We know that mistakes happen. We provide the option to help you rebuild your financial wellness. After satisfactorily maintaining this account for 1 year, you may request for the account to be converted to a traditional free checking account.

  • No monthly maintenance fee
  • Mobile check deposit access
  • Payroll deduction / direct deposit available

Your money deserves the most rewarding relationship possible — and that’s what it will get in a Relationship Certificate!

  • 2.5% APY on balances from $5,000 to $50,000
  • 12-month term
  • Additional deposits permitted anytime

To Qualify
Just make Schools Federal Credit Union your first choice for financial services, and move all of your financial accounts to where you get the greatest value: your member-owned credit union. This is all it takes:

  • eStatements
  • $500 in share savings
  • $500 in checking
  • Direct deposit
  • $15,000 in combined loan balances


Both classified and certificated employees have expenses so they can thrive in their positions. Whether if you need assistance in purchasing classroom supplies or in need of tools or uniforms, your credit union can provide you with an affordable loan option.

  • 0% APR for as long as 12 months (depending on pay frequency)
  • Maximum loan amount of $1,000
  • Must have payroll deduction or direct deposit
  • Maximum of 1 open loan (Classroom and/or Utility) at a time

As a school employee, we don’t think you should have to worry about making your car payments during the summer months. For qualified auto loans, you have to option to skip your payments for two months: July and August, or August and September.

Now more than ever, our reliance on technology has increased. We’re making it more affordable than ever to upgrade your technology and purchase hardware or software.

  • 1% APR for 24 months
  • Borrow up to $2,500
  • No application or processing fees

A little stumped during the summer due to payroll changes? Or has your payroll schedule changed? As your credit union, we want to make sure we are with you in every situation that may arise. We understand that some teaches are affected since payroll allotments are changing for a few educators.

• 5.90% APR – Fixed
• Maximum Loan Amount of $ 3,000
• Terms for up to 18 months

Are you relocating to a different school or district and have to pay for moving expenses? Our Relocation Loan is designed to help educators finance these unexpected expenses.

  • 5.90% APR – Fixed
  • Borrow up to $5,000 for relocation expenses
  • Funds can be used to pay for the first month’s rent, moving expenses, and/or to pay for any security deposits required.
  • Terms for up to 36 months

Are you looking to expand and develop a new skill set? Looking into obtaining additional credentials? We understand that there is an apparent demand in constantly developing new skill levels.

  • 5.90% APR – Fixed
  • Borrow up to $ 10,000
  • Can be used to pay for expenses incurred towards getting credentials
  • Terms for up to 60 months

We understand that change is constant and can happen at any time. As an educator, we want to make sure you are equipped with the necessary tools to provide you financial assistance as it happens.

  • 5.90% APR – Fixed
  • Maximum Credit Line of $ 2,000
  • Revolving Line of Credit