Educational Systems Federal Credit Union Achieves $1 Billion in Assets

Educational Systems FCU has served the education community for over 60 years with $1 billion in assets and 12 branches

Educational Systems Federal Credit Union announced that it has achieved $1 billion in assets.  The Credit Union has been one of the fastest growing credit unions in Maryland during the past 15 years while staying true to its core purpose of serving the education community.   

"We are proud to be among the largest credit unions in our region achieving $1 billion in assets," stated Chris Conway, President/CEO of Educational Systems FCU.  "We are grateful for the commitment of our volunteers and members from the education community who have helped our Credit Union grow and thrive since our founding in 1955." 

A small group of teachers started Educational Systems FCU, and through the years, the Credit Union has grown by helping school and community college employees, parents and students.  Members benefit from the Credit Union's special products and services for the education community such as a high rate Premium Summer Pay account.  The Credit Union also offers loans with the option to skip summer payments to help school employees who may not earn a paycheck during the summer months to manage their finances.  "We are unique in that our mission is to grow by helping the members of the education community achieve their financial goals and dreams," shared Alonia Sharps, Board Chair of Educational Systems FCU.

As another way of giving back to the education community, the Credit Union founded the Support Education Foundation, Inc. in 2017.  This 501(c)(3) offers scholarships for college-bound high school seniors, professional development awards for those working in education and provides support to help students succeed.  Educational Systems FCU (esfcu.org) has proudly served the education community for over 60 years. With $1 billion in assets and 12 branches, the Credit Union serves 87,000 members in seven school systems and three community colleges throughout Anne Arundel, Calvert, Charles, Montgomery, Prince George's, St. Mary's and Talbot counties.