Tuesday, December 13, 2016
Each year, the Credit Union National Association (CUNA) presents the Louise Herring Philosophy-in-Action Member Service Award to honor and recognize programs and services that benefit the membership and demonstrate the credit union philosophy of people-helping-people. Educational Systems Federal Credit Union is honored to be the First Place National Winner for our Summer Pay1 account, which helps 10-month paid school employees save during the school year for the summer months while earning a high rate of return of 2.00% APY2. For more information, view the press release.
1 The Premium Summer Pay account is only available for direct deposits received from qualifying school systems and community colleges including Anne Arundel, Calvert, Charles, Frederick, Montgomery, Prince George's, St. Mary's and Talbot Counties; and College of Southern Maryland, Montgomery College and Prince George's Community College.
2 Annual percentage yield subject to change. The 2.00% APY is for Tier 1 which applies to average daily balances up to $20,000. The Tier 2 APY of .05% APY applies to average daily balances above $20,000. A $25 fee will be assessed for each early withdrawal.