Schools Financial Credit Union

Schools Financial, a division of SchoolsFirst Federal Credit Union, was chartered in 1933 by a group of seven teachers who pooled their funds for the purpose of creating a savings cooperative from which low-cost loans could be made to Members. Depositors, in return, would earn dividends from the income generated by the interest paid on the loans. On January 1, 2020, Schools Financial merged with SchoolsFirst FCU, the largest Credit Union in the state and the fifth largest Credit Union in the nation. Schools Financial continues to uphold the foundation and philosophy of the Credit Union Movement of For Service, Not for Profit, Not for Charity and People Helping People. Each individual who opens a savings account at the Credit Union becomes a Member-owner, with each Member owning one share of the Credit Union. Our Credit Unions policies are established by SchoolsFirst FCUs volunteer Board of Directors, in which Schools Financial has representation. Since the Credit Union has no st...