Financial Literacy
Back to School, Back to Smart Financial Habits
The start of a new school year brings fresh opportunities, new goals, and plenty of expenses. Whether you’re shopping for school supplies, preparing a student for college, or simply getting back into a routine, now is the perfect time to make your finances work as hard as you do. At SRI Federal Credit Union, we’re here to help you make the most of every dollar with products designed to help you save, borrow wisely, and plan for the future. Back-to-school shopping can put a strain on any budget, but it’s also a great reminder of the importance of having a financial cushion. Our Core Savings Account helps members build healthy savings habits by earning 3.50% APY on the first $5,000 in your primary savings account. Whether you’re saving for next semester’s tuition, holiday expenses, or an emergency fund, every deposit helps move you closer to your financial goals. One of the easiest ways to grow your savings is to automate it. By setting up Direct Deposit or Payroll Deduction, you can automatically transfer a portion of each paycheck into your savings account before you have the chance to spend it. Even small, consistent deposits can make a big difference over time. Have money set aside for future education expenses or another important goal? Our New Money Certificate Specials offer a secure way to earn more on your savings while locking in today’s competitive rates: Certificates are a great option if you know you won’t need immediate access to your funds and want the confidence of a fixed return. College is one of life’s biggest investments, and we’re here to help make it more manageable. SRI Federal Credit Union offers Student Loans with competitive rates and flexible repayment options to help students and families pay for tuition, books, housing, and other education-related expenses. Whether you’re heading to college for the first time or continuing your education, we’re here to support your journey. A successful school year isn’t just about good grades—it’s also about good financial habits. Consider these simple tips: No matter what this school year brings, SRI Federal Credit Union is committed to helping you reach your financial goals. Whether you’re opening your first savings account, preparing for college, growing your emergency fund, or looking for better ways to save, our team is ready to help every step of the way. Visit one of our branches, explore our online services, or contact us today to learn how SRI Federal Credit Union can help you make this school year your most successful yet. Here’s to a smart, successful, and financially confident school year!Start the School Year by Building Your Savings
Make Saving Automatic
Lock In Great Rates While They’re Available
Financing Higher Education
Budget for Success
We’re Here to Help
Make Every Payday Count
Payday is more than just the day your bills get paid, it’s an opportunity to build your financial future.
With Direct Deposit at SRI Federal Credit Union, your paycheck is deposited safely and securely into your account, giving you immediate access to your money. Better yet, when you pair Direct Deposit with our savings products, you can put every paycheck to work automatically. Start with Direct Deposit Direct Deposit is the easiest way to receive your paycheck, Social Security benefits, pension, or other recurring payments. With Direct Deposit you’ll enjoy: Once it’s set up, your money is there automatically, every payday. Build Savings Automatically One of the best ways to reach your financial goals is to pay yourself first. Instead of waiting to see what’s left over at the end of the month, automatically transfer a portion of each paycheck into savings as soon as it’s deposited. Whether it’s $25, $50, or more, those consistent deposits can add up faster than you might expect. Earn More with Our Core Savings Account Why let your savings sit idle? Our Core Savings Account helps your money grow by earning: ⭐ 3.50% APY* on balances up to $5,000 Whether you’re building an emergency fund, saving for a vacation, planning for the holidays, or simply creating healthier financial habits, your savings can continue working for you every day. Looking for Even Higher Returns? If you’re saving for a future goal and don’t need immediate access to your funds, consider one of our limited-time promotional Certificates of Deposit. Current CD Specials These promotional rates provide an excellent opportunity to earn even more on your savings while keeping your money safe and federally insured. A Simple Strategy That Can Make a Big Difference Imagine this: Your paycheck is deposited automatically through Direct Deposit. Before long, you’re building savings without having to think about it. Financial success doesn’t always come from making big changes—it often comes from creating small, consistent habits that happen automatically. Let’s Help You Reach Your Goals Whether you’re just getting started or looking to make your savings work harder, SRI Federal Credit Union has the tools to help. Our team would be happy to help you: Set up Direct Deposit Your next paycheck could be the first step toward a stronger financial future. Stop by one of our branches or contact us today to get started! APY=Annual Percentage Yield. APYs are accurate as of July 2026 and are subject to change without notice. Promotional Certificate of Deposit offers are available for a limited time. Early withdrawal penalties may apply. Membership eligibility required.
4.15% APY*
4.00% APY*
A portion is automatically transferred into your Core Savings Account.
Once your savings grows, you move a portion into one of our promotional Certificates of Deposit to earn an even higher return.
Open a Core Savings Account
Take advantage of our current promotional Certificate of Deposit specials
Create a savings strategy that fits your goals
PLUS Loans: Understanding Eligibility & Applying
As tuition costs increase, college is becoming more expensive. Fortunately, there are many financing options available to students and their families. Direct PLUS loans (commonly called simply “PLUS loans”) are one example—these federal student loans can cover the full cost of college attendance, minus any financial aid you have received. But is taking out a PLUS loan the right option for you and your family? Keep reading to find out everything you need to know about getting a PLUS loan. A Direct PLUS loan is a federal student loan that’s provided through the U.S. Department of Education. PLUS loans can be taken out by parents of undergraduate students (or by eligible graduate students) to help finance their education. You can read more about PLUS loans in the Department of Education’s guide, but we’ll hit the highlights below. Compared to other types of student loans, PLUS loans stand out for their: You can find PLUS loans’ current interest rates on the Department of Federal Student Aid’s website. As of April 2026, the interest rate is 8.94%, and you’ll also incur loan fees of 4.228% that will be deducted from your PLUS loan disbursements unless you choose to roll it into your outstanding loan balance. Since PLUS loans’ interest fees are not subsidized, you’ll start accruing interest on them as soon as the money is disbursed. While you can defer your loan payments until six months after your child graduates, you’ll still accrue interest during that time. While PLUS loans have some special advantages, they may not be the most affordable way to pay for your child’s education. You can use a combination of these financing options to pay for college: Before you apply for a PLUS loan, you’ll want to make sure you meet the PLUS loan eligibility requirements. To qualify for a PLUS loan, you must: While your credit is taken into consideration, you may still be able to get a PLUS loan with poor credit. Applying with an endorser can drastically improve your chances of qualification, as an endorser is someone with better credit who agrees to take over your payments if you can’t make them yourself. If extenuating circumstances contributed to your low credit score, you can explain them to the Department of Education, too. Depending on the circumstances, they may be willing to overlook lower scores. First, the student must have completed the Free Application for Federal Student Aid (FAFSA). To apply for a PLUS loan, you must follow the application process of your student’s school’s financial aid office. You’ll also have to fill out a loan application on Studentaid.gov. This application will ask you to provide: Once you submit your application, you’ll be notified of the maximum amount you can borrow. After selecting your preferred loan amount, simply sign a Master Promissory Note (MPN) at Studentaid.gov to finalize the process. Once you’re approved for your PLUS loan, your money will be sent to your school’s financial aid office, where it will be automatically applied to your student’s tuition, room, and board. Any remaining balance will be refunded to you within 14 days. PLUS loans can help many families afford college tuition if other sources don’t cover the costs in full. Now that you know how PLUS loans work, you can decide if they’re the right college financing option for your family. Have more questions about financial aid? Our College Counselor can answer also personally answer your financing questions. We can also help you find affordable private student loans from a credit union near you. If you’ve already applied for a PLUS loan and still need help covering costs, SRIFCU offers additional student lending options through our trusted partner. 👉 Explore your options here: You will find: Choosing how to pay for college is a big decision but you don’t have to do it alone. SRIFCU is here to support you every step of the way. Have questions? Reach out we’re always happy to help.What is a PLUS Loan?
What Are the Benefits of a PLUS Loan?
PLUS Rates and Fees
What Are Some Alternatives to PLUS Loans?
Who is Eligible for a PLUS Loan?
How Do You Apply for a PLUS Loan?
Learn More About Your Options for College Financing
Need Additional Funds?
🔗 https://srifcu.studentchoice.org/
We’re Here to Help
Apply for the 2026 SRIFCU Memorial Scholarship
At SRI Federal Credit Union, we believe in investing in our members, not just financially, but in their futures. That’s why we are proud to announce that we are now accepting applications for our 2026 SRIFCU Official Memorial Scholarship.
Each year, this scholarship program honors the legacy of past credit union volunteer officials whose dedication helped shape the strong, member-focused institution we are today. Through this program, we aim to support the next generation of students as they take the next step in their educational journey. SRI Federal Credit Union will award up to four (4) scholarships, each valued at $1,500, to eligible students pursuing higher education. These scholarships are awarded in honor of past volunteer officials, including: Their commitment to service and community continues to inspire us, and this scholarship is one way we carry that legacy forward. Applicants must meet the following criteria: We encourage all eligible students to apply early and ensure all required documentation is submitted before the deadline. Students can complete and submit their application HERE. Be sure to review all eligibility requirements and include any necessary supporting materials to ensure your application is considered. The SRIFCU Memorial Scholarship is more than just financial assistance, it’s an opportunity to be recognized by your credit union for your hard work, goals, and commitment to your future. Whether you’re planning to attend a university, pursue a trade, or continue your education at a higher level, this scholarship can help ease the financial burden and allow you to focus on what matters most: your success. At SRI Federal Credit Union, our mission has always been rooted in supporting our members at every stage of life. From your first savings account to major life milestones like education and homeownership, we’re here to help you succeed. We are honored to support students in our community and look forward to reviewing this year’s applications. As scholarship opportunities become more visible this time of year, so do scams. Keep these tips in mind: If you ever have questions, feel free to contact us directly, we’re here to help. Don’t miss your chance to be considered for the 2026 SRIFCU Memorial Scholarship. We wish all applicants the very best of luck and look forward to supporting your educational journey.
Scholarship Details
Who Is Eligible to Apply?
Important Dates
How to Apply
Why Apply?
Investing in Our Members’ Future
A Quick Reminder: Stay Safe from Scholarship Scams
Apply Today
Got a Tax Refund? Here Are 5 Smart Ways to Use It
Tax season is here, and for many people, that means one thing… a refund.
While it might be tempting to spend it right away, your tax refund is a great opportunity to strengthen your financial future. With a simple plan, you can turn that refund into something that continues working for you long after tax season ends.
Here are five smart ways to make the most of your tax refund this spring. If you don’t already have an emergency fund, this is one of the best places to start. Unexpected expenses can happen at any time, and having a financial cushion can make all the difference. Even setting aside part of your refund can give you peace of mind. 💡 Make it work harder for you: Tip: Use your refund to fully fund that first $5,000 tier and maximize your earnings right away. If you’re carrying balances on credit cards, your tax refund can be one of the fastest ways to reduce what you owe and save on interest. 💡 Smart move: This gives you breathing room to pay down your balance faster without interest working against you. *Request must go through Balance transfer Application linked HERE. If you don’t need immediate access to your refund, putting it into a certificate can be a great way to earn more. 💡 Current opportunity: It’s a simple, predictable way to grow your savings over a short period of time. Your refund can also help you move forward on something meaningful. Think about what’s ahead this year: Using your refund intentionally can help you move forward without relying on additional debt. You don’t have to choose just one path. One of the smartest strategies is to split your refund: This approach helps you build financial strength while still enjoying the moment. Your tax refund is more than just extra cash. It’s an opportunity to reduce stress, build stability, and take a meaningful step forward financially. At SRI Federal Credit Union, we’re here to help you make the most of it with better rates, practical tools, and personalized support.
1. Build or Boost Your Emergency Savings
SRI Federal Credit Union’s Core Savings account currently earns 3.50% APY on the first $5,000, giving you a strong return while keeping your money safe and accessible.
2. Pay Down High-Interest Debt
Transfer higher-rate balances to an SRI Federal Credit Union Visa Credit Card and take advantage of 0% APR for 15 months on balance transfers*.
3. Lock In Your Earnings with a Certificate
SRI Federal Credit Union is offering a 9-month Certificate at 4.00% APY on new money. (Special good till the end of April 2026)
4. Invest in a Goal That Matters to You
5. Do a Little of Everything
Make Your Refund Work for You
✔️ Quick Next Steps:
Honoring Dr. Martin Luther King Jr.: Economic Justice, Financial Empowerment, and the Credit Union Mission
As we honor the legacy of Martin Luther King Jr. this year, we’re reminded that his vision for equality went far beyond civil rights alone. Dr. King believed true justice required economic opportunity, dignity in work, and fair access to resources, values that continue to guide the credit union movement and the work we do every day at SRI Federal Credit Union. In the final years of his life, Dr. King spoke openly about the deep connection between civil rights and economic security. Through initiatives like the Poor People’s Campaign, he called attention to systemic inequality in wages, housing, and access to financial opportunity. His message was clear: lasting equality is impossible without economic empowerment. That belief closely mirrors the foundation of credit unions. Built on the principle of people helping people, credit unions exist to serve, not to profit, and to ensure members have fair, affordable access to financial services that support long-term stability. Over the past year, SRI Federal Credit Union has continued to translate these values into action in meaningful ways: Stronger Member Protections: We implemented California’s new Trusted Contact Authorization protections ahead of the statewide requirement, adding safeguards for members age 65 and older and reinforcing our commitment to protecting vulnerable populations. Expanded Digital Access: With the launch of our enhanced online and mobile banking platform, members now have easier, more secure access to tools that help them manage their finances anytime, anywhere. Fraud Awareness & Education: As digital payments continue to grow, we’ve increased education around P2P and account-to-account fraud, empowering members with knowledge to protect their financial well-being. Support During Uncertainty: During periods of economic and governmental disruption, including recent federal shutdown concerns, we stepped up with timely communication and assistance programs designed to support members when they need it most. Ongoing Community Outreach: From financial education to community engagement, we continue building relationships rooted in trust, service, and shared success. Each of these efforts reflects Dr. King’s belief that systems should uplift people, not create barriers. Honoring Dr. King’s legacy isn’t just about reflection; it’s about progress. Financial empowerment often starts with small but meaningful steps: building an emergency fund, reducing debt, improving credit, or planning for the future. When individuals gain stability, families grow stronger, and communities thrive. At SRI Federal Credit Union, we’re committed to being a partner in that journey, offering guidance, fair products, and personalized service designed around our members’ real lives. Dr. King once said, “An individual has not started living until he can rise above the narrow confines of his individualistic concerns to the broader concerns of all humanity.”Dr. King’s Enduring Vision for Economic Justice
Carrying the Legacy Forward and What’s New This Year
Empowering Members Through Action
Moving Forward Together
How SRI Federal Credit Union Supported Members During the Government Shutdown
At SRI Federal Credit Union, our mission has always been clear: stand by our members, especially when uncertainty strikes. When the possibility of a government shutdown first emerged, we knew many federal employees could face sudden financial strain. To ensure our members wouldn’t face that challenge alone, we acted early, designing and launching our Government Shutdown Assistance Loan Program before the shutdown even began. This proactive effort allowed us to respond immediately, giving members timely support when they needed it most. Understanding the potential hardships ahead, SRIFCU created the Government Shutdown Assistance Loan to provide short-term relief and help members bridge the financial gap during missed pay cycles. The loan offered: Loan limits based on net pay, up to $10,000 An 18-month term A competitive rate of just 4.99% APR* ZERO interest for members who pay off their loan within 60 days of their return-to-work date Eligibility for government employees who are current SRIFCU members This structure ensured flexibility, affordability, and fast access to funds, without creating long-term financial burden. The success of the program exceeded expectations, reflecting both the strong need and the trust our members place in their credit union. During the shutdown period: $436,595 in total loan balances were funded Many loans have already been fully repaid, highlighting responsible borrowing and the effectiveness of the loan design Members repeatedly shared that the loan “saved them”, providing essential relief when paychecks were paused, and expenses continued. From covering rent and groceries to maintaining daily stability, this program helped make a difficult time manageable. Our lending team’s quick response, compassionate approach, and efficient processing were praised consistently. Members expressed deep appreciation for the speed at which they were supported and the reassurance of knowing their credit union had prepared for them in advance. Beyond direct financial assistance, SRIFCU also strengthened relationships with the federal employee community. As part of our ongoing outreach initiatives, Paco presented at an AFEU (Ames Federal Employees Union) meeting, highlighting: The benefits of credit union membership SRIFCU products and services designed specifically for members to save money The Government Shutdown Assistance Loan Program and its successful impact The presentation received exceptional feedback, and Paco was invited to return for future opportunities, further deepening our connection with AFEU members and expanding awareness of the resources available to them. Although the shutdown has ended, our dedication to supporting members during every season of life continues. Whether through emergency assistance programs, competitive lending solutions, or personalized financial guidance, SRI Federal Credit Union will always prioritize the financial well-being of our members. Thank you to every member who trusted us through this challenging period. We are honored to serve you and proud of the resilience shown across our community.
A Program Built Before the Crisis Hit
Measurable Impact During the Shutdown
Expanding Support Through Community Engagement
Our Commitment Remains Strong
Fraud Alert: Scammers Posing as U.S. Marshals
At SRI Federal Credit Union, protecting our members from fraud is always a top priority. We are alerting you to a new phone scam that has been reported in our community. Scammers are calling members while pretending to be U.S. Marshals or other law enforcement officials. They use intimidation tactics and claim that your accounts are “under investigation.” Victims are pressured to: Withdraw large sums of cash and tell the bank or credit union it’s for “home remodeling.” Purchase cryptocurrency, gold, or gift cards and send proof to the scammer. Hand over cash to a so-called “courier” who comes to their home. These calls are designed to create fear and urgency, making people feel they must act quickly to “protect” their money. ⚠️ Important: Real law enforcement will never call and demand money, ask you to hide the reason for a withdrawal, or send someone to your home to collect cash. If you receive one of these calls: Hang up immediately. Do not continue the conversation. Do not share personal or financial information. Verify with us directly. Call SRI Federal Credit Union at 650-800-5434 if you’re ever unsure. Report the scam. Visit ReportFraud.ftc.gov or call the National Elder Fraud Hotline at 833-372-8311. These scams often target seniors, but anyone can fall victim. Please help us spread the word by sharing this alert with family, friends, and neighbors. Together, we can stay alert, protect our finances, and stop fraud before it spreads.How the Scam Works
What You Should Do
Protect Your Community
Why Summer 2025 Is a Smart Time to Buy a Car
Summer is one of the most popular and strategic times to purchase a vehicle. As dealerships gear up for new model releases in the fall, they’re motivated to move current inventory. That means hot deals and promotional pricing are heating up right alongside the weather. Whether you’re in the market for a new or used car, now is a great time to find a vehicle that fits your lifestyle and budget. But finding the right car is only half the equation—securing the right financing makes all the difference. That’s where SRI Federal Credit Union comes in. Summer isn’t just for road trips—it’s also when dealerships offer mid-year promotions to stay competitive and clear out vehicles ahead of the fall. Here’s what you can expect: Mid-Year Clearance Sales: Discounts on both new and certified pre-owned vehicles. Seasonal Incentives: Rebates, trade-in bonuses, and low-rate offers are common, but often come with fine print. Peak Inventory: With many models in stock, you have more options to test drive and compare. While dealer financing might sound appealing on the surface, credit union financing is often the better long-term choice. ✅ Competitive Rates ✅ Flexible Terms ✅ Pre-Approval for Confidence ✅ Personalized Service ✅ No Hidden Fees Buying a car should feel exciting, not overwhelming. With SRI Federal Credit Union, it’s easy to finance your next vehicle: Apply for Pre-Approval: Click HERE to apply online, or stop by your nearest branch. Shop with Confidence: Use your pre-approval to negotiate your best deal. Close with Ease: Finalize your loan with competitive rates and flexible terms. Make this summer the one where you drive off with a great car and even better financing. At SRI Federal Credit Union, we’re here to help you steer your financial journey with confidence. APR = Annual Percentage Rate. Rate valid through 07/31/25.
Why Buy a Car in the Summer?
Benefits of Financing Through SRI Federal Credit Union
We offer some of the most competitive auto loan rates in the market—currently 4.99% APR for new or used vehicles, so you pay less over the life of your loan.
Choose the repayment plan that best suits your lifestyle, whether it’s a short-term payoff or extended terms for lower monthly payments.
Get pre-approved before you start shopping so you know exactly what you can afford—and gain negotiating power when you step onto the lot.
At SRI Federal Credit Union, you’re a member, not a number. Our experienced loan advisors will walk you through the process with honest, helpful guidance.
Unlike many dealership financing options, our loans have transparent terms—with no markup on GAP or Mechanical Breakdown Insurance.
Ready to Hit the Road?
Important Updates to Funds Availability and Check Collection Rules
To ensure continued compliance with federal banking regulations, SRI Federal Credit Union would like to inform our members of upcoming changes to Regulation CC, the rule that governs the availability of funds and the collection of checks. These changes, mandated by the Federal Reserve Board and the Consumer Financial Protection Bureau (CFPB), effective as of July 1, 2025. As part of the regularly scheduled inflation adjustments required by law, several dollar amount thresholds are increasing. These updates may affect when and how much of your deposited funds become available, especially for larger deposits or new accounts. Effective as of July 1, 2025, the following updates to Regulation CC will take place: Minimum Availability Amount (formerly the “$100 Rule”): Cash Withdrawal Amount: Special Rule Thresholds for new accounts, large deposits, and repeated overdrafts: New Account Threshold: from $5,525 to $6,725 Large Deposit Threshold: from $5,525 to $6,725 Repeated Overdraft Threshold: from $5,525 to $6,725 We’re here for you. If you have any questions about how these updates to Regulation CC may impact your deposits or account activity, please contact us at 1-650-800-5434 or visit your nearest SRI Federal Credit Union branch. Thank you for being a valued member of SRI Federal Credit Union.
What’s Changing?
Increasing from $225 to $275
(This is the portion of a deposit that must be made available by the next business day.)
Increasing from $450 to $550
(This is the amount available for cash withdrawal from certain check deposits.)
Need Help or Have Questions?