#United States #Financial Services #Tustin #SchoolsFirst FCU #California School Districts

Strengthening Financial Support for School Employees

In a move aimed at enhancing financial well-being for school employees, SchoolsFirst Federal Credit Union, renowned as California's largest credit union serving educational staff and their families, recently announced the addition of 23 school districts to its Third-Party Administrator (TPA) affiliate, SchoolsFirst Plan Administration, LLC. This initiative, launched in 2024, emphasizes the organization's commitment to empowering educators through tailored financial solutions and advisory services.

Carol Rose, the executive vice president for Member service operations at SchoolsFirst FCU, expressed pride in this expansion, stating, "SchoolsFirst FCU was founded to help our Members thrive and achieve financial well-being. With the additional support from SchoolsFirst Plan Administration, we ensure that our Members and school employees remain confident in their financial futures, both during their careers and retirement."

New School District Affiliations

Among the notable school districts that have chosen SchoolsFirst Plan Administration as their TPA are:

• - Sutter County: Brittain Elementary, Browns Elementary, Franklin Elementary, Live Oak Unified, and Sutter Union High School.
• - Butte County: Children's Community Charter School.
• - San Luis Obispo County: Coast Unified School District.
• - Kern County: El Tejon Unified, Kern Community College District, Tehachapi School District, and multiple others.
• - Contra Costa County: Liberty Union High School and Oakley Union Elementary.
• - Ventura County: Oxnard School District and others.
• - Nevada and Placer Counties: Various high school districts including Roseville Joint Union.
• - Santa Clara County: Saratoga Union, and entities in Yuba County.

This partnership signifies a robust network for over 400 California school districts, providing essential retirement plan services for various plans including 403(b) and 457(b), among others. The strategic inclusion of these school districts underlines the commitment of SchoolsFirst Plan Administration to making financial education accessible and customized for educators.

Comprehensive Financial Education

As part of its mission, SchoolsFirst Plan Administration not only ensures compliance with IRS regulations but also provides extensive financial education resources. Participants have access to financial advisors, educational seminars, and online resources, empowering them to make informed decisions regarding their financial futures. The organization also manages crucial logistical elements steered towards ensuring that each district's unique needs are met.

The support extended by SchoolsFirst FCU is paramount in a landscape where financial literacy and well-being increasingly influence educators' lives. With services tailored to each district's requirements, the credit union is ensuring that school employees are backed by a financial partner committed to their long-term success.

About SchoolsFirst Federal Credit Union

Founded in 1934, SchoolsFirst Federal Credit Union began with a modest pool of $1,200 from 126 school employees in California, who aimed to help each other improve their financial situations. Today, it stands as a leader in the sector, now boasting more than $30 billion in assets and serving over 1.4 million members. Recognition from Forbes as California's top credit union reinforces its dedication to providing world-class personal service and enhancing the financial lives of its members.

For more information on the services offered and the school districts involved, interested parties are encouraged to visit the official SchoolsFirst FCU website. This new chapter in SchoolsFirst's journey further solidifies its role in fostering a financially sound educational community for current and future generations of educators.

Ensuring financial stability and growth opportunities for teachers and school employees is no small task, yet SchoolsFirst FCU is committed to paving paths toward financial understanding and security.