Auto Loans
Covers the difference between the loan balance and the vehicle's actual cash value as determined by the Member's primary insurance carrier, in the event of an accident or is stolen and never recovered.
What is Guaranteed Asset Protection?
Intended to assist certificated school employees and professors in purchasing classroom supplies.
Bonus for 50 pts: What is the rate, maximum amount and term?
What is Classroom Supplies Loan?
Bonus: 0% (with automatic payments), $1k, 10 month term
The individuals who created the trust and whose property is held in the trust.
What is Trustor?
Intended to assist school employee Members and SchoolsFirst FCU teammember Members save money to help with summer expenses. For school employees, it can be used as a savings account to help supplement income for the summer months when they do not receive a paycheck.
What is Summer Saver?
Enables SchoolsFirst FCU to make credit-based product offers to eligible new Members right at Membership opening in branches.
What is Instant Prescreen?
Covers the costs of covered repairs (beyond regular maintenance and normal "wear and tear") for new or used eligible vehicles after your manufacturer's warranty expires.
Bonus 50 pts: Name the different tiers offered.
What is Mechanical Repair Coverage?
Platinum, Gold, Silver
Provides a lower-cost alternative to payday lenders and a quick and confidential way for Members to get a cash advance until their next paycheck. This cost-effective way to get a paycheck advance may help Members avoid a repetitive payday loan borrowing cycle.
What is Payroll Savings Loan?
The individuals who are acting in a fiduciary capacity and are authorized to transact/manage the property held in the trust.
What is Trustee?
A custom savings account that lets you choose the term that best fits your savings needs. No monthly fee, no minimum deposit requirements. Perfect for holiday gift purchases, vacations and a special event.
What is My Club Account?
A government agency that regulates, charters, and insures federal credit unions. All share deposit accounts are insured based on the type of account, vesting, and documents on file.
What is The National Credit Union Administration?
An accelerated funding program available at select auto dealerships. Members must inform the dealer that they are requesting SchoolsFirst FCU financing to receive SchoolsFirst FCU rates.
What is FastTrack?
With this loan, funds are automatically transferred to the Member's checking account to cover check(s) and other items presented against insufficient funds, up to the available credit limit.
Bonus: What is the maximum amount?
What is Overdraft Protection Loan?
Bonus: $5,000
A trust that can be changed or revoked by the Trustors at any time.
What is Revocable Trust?
This account is exclusively available to Members enrolled in the Home Advantage Program to help them save for the purchase of a home.
What is My Home Savings?
A person-to-person payment network that will allow Members to send money to almost any U.S. financial institution account using the recipient’s email address or mobile phone number.
Bonus for 50 pts: What is the daily limit and monthly limit?
What is Zelle?
Bonus: $3,000 Daily, $6000 Monthly
Program designed for the auto buyer who may have difficulty obtaining a loan because of limited credit or no credit history at all. This loan not only funds the purchase of your vehicle with manageable terms and a competitive rate, but also provides the opportunity to establish a positive credit history in the process.
Bonus for 50 pts: What is the max amount and term?
What is First-Time Auto Buyer?
Bonus: $30,000 and 60 months
Protects our Members in cases of an unexpected life events.
Bonus for 100 pts: Name each option offered and what each covers.
What is Payment Shield Protection?
Bonus: Life Plus- pay off loan balance up to $75k if Loss of Life, Accidental Dismemberment or Terminal Illness/ covers 3 months or $3k if Family Medical Leave, Hospitalization, Loss of Life of Non-Protected Dependent
Disability- up to 12 months or $12k, whichever is less
Involuntary Unemployment- up to 6 months or $3k whichever is first and less
A checklist created for branch teammembers to ensure the required forms and account file maintenance are completed and the appropriate information/instructions are provided while the claimant is present.
What is Frontline Worksheet?
Product that offers higher dividend rates than our regular savings account. The terms range from 30 days to 60 months.
What is Share Certificates?
A tax-exempt, non-profit organization created to provide grants to teachers for core curriculum programs in public and private California schools (kindergarten through community college). The primary Foundation supported by the Credit Union.
What is Education Foundation?
Gives qualified school employee Members the convenience to defer two monthly payments on a SchoolsFirst FCU auto loan to the end of the loan, without impacting your credit rating.
What is School Employee Auto Loan with Summers Off Program?
Designed to meet the moving or relocating expenses of a School Employee Member who is moving into a new residence. This loan can be used towards the costs associated with moving such as, first month's rent, security deposits, utility costs, or in any other way that will assist the Member to comfortably settle into a new residence.
What is School Employee Relocation Loan?
Protects the earnings of minors who are performers (actors), musicians, and sports figures. The law requires the parent, legal guardian, or court-ordered Trustee of the minor to establish a blocked account for funds to be deposited directly by the minor’s employer or agent.
What is Coogan Trust Accounts?
Created when an agency, such as the Social Security Administration (SSA), Railroad Retirement Administration and Office of Personnel Management (Civil Service Retirement System), approves an individual to manage payments made by the agency to a minor or an adult.
What is Representative Payee Accounts?
To ensure that complaints and suggestions are properly handled and when needed, escalated to management, the Credit Union uses this software to gather and analyze Member feedback regarding any Credit Union product, service, service provider, policy or teammember.
What is Voice of the Member?