Frederick Community College

New Educator Essentials

Special offers for the education community

Educational Systems Federal Credit Union was started by group educators who wanted to make a difference. Since then, we have focused on serving the education community by providing customized financial solutions. We are also proud to give back through our Support Education initiatives.

Our New Educator Essentials1 are special offers designed to help you take your first step towards securing your financial future.

Receive $250 when you open a checking account with eStatements and sign up for Direct Deposit. Receive your Direct Deposit up to two days before your regular payday with Early Release Paycheck.2 

Finance or refinance a vehicle with a minimum auto loan amount of $20,000 and receive $500.3

Whether you’re buying a new model, searching for a pre-owned vehicle or want to lower your payments by refinancing your existing loan from another financial services provider, we have you covered. We offer:

New educators are pre-approved for a $2,500 Visa credit card. It's the perfect tool to help you prepare for the upcoming school year.6 This credit card has low rates and no annual fee.7 All of our credit cards offer no balance transfer fees, no cash advance fees and no foreign transaction fees.

Watch your savings add up with a Premium Summer Pay account. We've designed a solution to help you save throughout the school year to cover summer expenses.8 

Schedule a financial consultation

Fill out the contact form to take advantage of these offers or to schedule a financial consultation with a Business Development Officer.9

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Take advantage of these special offers

1 To be eligible for the New Educator Essentials promotion, you must be a new employee of a school system or community college we serve by September 30, 2023.
2 To qualify, a new checking account must be opened by September 30, 2023 with eStatements and a minimum Direct Deposit of $500 per pay period from Prince George's Community College that posts to the account by October 31, 2023. The $250 Bonus Dividend will be posted to the member’s savings account within 10 business days after the qualifying Direct Deposit posts and validation of eStatement enrollment. May be reported as taxable income. Receiving your electronic deposit early is dependent on when the funds are sent to the Credit Union. For recurring deposits, this may vary from deposit to deposit.
3 A $500 interest rebate will be given to members who finance or refinance a new or used auto loan with a minimum loan amount of $20,000 from June 1 through September 30, 2023. The loan must be disbursed directly through the Credit Union and not through a dealership. The $500 will be posted to your savings account at the time the loan is disbursed. This promotion cannot be combined with other offers and is not valid on existing Educational Systems Federal Credit Union loans. Offer subject to change without notice. Applications are subject to credit qualifications and approval. Actual rate is based on your credit history. Applicants must meet membership eligibility.
4 Interest will continue to accrue during the 90 days deferred period.
5 Interest will continue to accrue during July and August when payments are skipped. Once you make your loan payment in June, the loan due date will automatically advance to September.
6 $2,500 Visa credit card limit is subject to credit qualifications and approval. This offer is valid from June 1 through September 30, 2023.
7 APR = Annual percentage rate. Applications are subject to credit approval, and actual rate is based on your credit. Variable rate, subject to change after account opening. All rates are subject to change without prior notice. Verification of income such as a most recent pay stub must be provided. All applicants must meet membership eligibility requirements.
8 The Premium Summer Pay account is only available for Direct Deposits received from Prince George's Community College. No minimum balance required. No other deposits qualify. The Premium Summer Pay account distributions will be made to an Educational Systems FCU savings or checking account or another financial institution in four equal proportions on the first and third Friday of July and August. A $35 fee will be assessed for each early withdrawal.
9 By providing the above information, you acknowledge that Educational Systems FCU may provide you with Credit Union information. Educational Systems FCU will not share this information with any third parties.