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School Employees Summer Savings
We know that getting through the summer months without a paycheck can be tough. But with our School Employees Summer Savings plan, you can get paid every month, year round.
How does it work? Simply. With each regular paycheck during the school year, a pre-designated amount, decided by you, is transferred to your School Employees Summer Savings Account. When the summer months roll around, we'll deposit the money from your School Employees Summer Savings Account into your credit union checking account.
It's the easy way to stretch 10 checks into 12. All you have to do is set it up and wait for summer.
Grow your money faster with a 3.00% APY*
*APY= Annual Percentage Yield, subject to change without notice. Requires recurring monthly direct deposit into the summer savings account of $50 - $2,000. Deposits into the account can only be made via direct deposit or payroll deduction. Total deposits must not exceed $2,000 per month ($24,000 per year)(July 1 – June 30). The credit union will distribute to you the balance of the account in July via transfer into a CCU account. Proof of employment at a California public or private school is required.
For more information on School Employees Summer Savings, call us at (800) 334-8788.