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Chairperson of the Board
Chief Executive Officer
SchoolsFirst Federal Credit Union was founded more than 90 years ago, when 126 school employees saw a financial need in their community. Since then, we have not wavered from our commitment to serving the financial needs of school employees and their families. Today, we serve nearly 1.5 million Members, including you. Thanks to your loyalty, our legacy remains strong, and we continue to evolve to meet your needs, providing trusted financial advice to help you thrive.
We are dedicated to helping you achieve financial well-being. As a Member-owned, not-for-profit financial cooperative, we return profits to Members through lower loan rates, higher savings rates and lower fees than for-profit competitors. This past year, SchoolsFirst FCU provided an estimated $508,775,366 in direct financial benefits to our Members, resulting in a savings of $756 for each Member household and $1,721 for Member households actively using more products and services.1, 2, 3
In 2024, we found ways to improve security measures and keep your accounts even more secure. We launched contactless debit cards, making payments easier and safer. We also gave you the option to authenticate using your smartphone when calling the Credit Union. With fraud on the rise, we can now send text alerts to confirm transactions when we suspect fraudulent activity.
Together, our Members and team play an active role in the communities we serve. We participate in many ways, including donating time and financial resources to support educational programs. Thanks to your support, we were able to give $4,091,610 to local schools, colleges and universities, and Children’s Miracle Network Hospitals, the charity of choice for credit unions. Additionally, we provided $325,314 to support educational grant programs and $185,000 in scholarships through the Member Education Award program.
Delivering World-Class Personal Service and helping you achieve financial well-being is at the heart of everything we do. We are honored that you continue to trust us as your financial partner, helping you bring your dreams to life.
It is a privilege to serve your financial needs and be on this journey together.
Chairperson of the Board
Chief Executive Officer
1. 2024: America’s Credit Unions Membership Benefits Report for SchoolsFirst FCU. Source: Datatrac, NCUA and America’s Credit Unions.
2. Assumes 2.1 Credit Union Members per household.
3. A “loyal Member” is assumed to have a $30,000, 60-month new auto loan, a classic credit card with an average balance of $5,000, a $200,000, 30-year fixed rate mortgage (a 30-year fixed rate mortgage is replaced with a 5-year adjustable rate mortgage if it yields a greater benefit as it is assumed more in demand), $5,000 in an interest/dividend checking account, $10,000 in a one-year certificate account, and $2,500 in a money market account.