Merger Announcement

Cal Poly Federal Credit Union is thrilled to announce that our regulator, the National Credit Union Administration (NCUA) has approved the merger of Cal Poly Federal Credit Union with SchoolsFirst Federal Credit Union.  We believe this merger will significantly benefit our members.   SchoolsFirst FCU has a long history of serving the education community and is the largest education-based credit union in the nation.

Member benefits with the merger include:

  • More than 65 branches
  • Saturday banking hours
  • Member Contact Center
  • Lower fees
  • Better rates on savings
  • Greater offerings for mortgage loans

Members will receive correspondence* providing:

  • Important merger details
  • Invitation to attend virtual Special Meeting
  • Merger ballot

*Please note if we do not have a valid email address, correspondence and ballots will be mailed to the address we have on record.  You can view your contact information within our mobile app or It’s Me 24/7 online banking.  Once you are logged in, click on My Accounts icon, then click on Info Center and review Personal Information.  You can make appropriate changes by selecting Edit.

Important Dates

  • February 01, 2021 – Ballots will be mailed/emailed to membership from CU Ballot
  • February 01, 2021 – Election Begins
  • March 23, 2021 – Virtual Special Meeting at 2:30 p.m.
  • March 23, 2021 – Election Ends at 2:30 p.m.

Frequently Asked Questions

Please visit our Frequently Asked Questions (FAQ) page for more detailed information on how the merger will impact your membership.  We will update our FAQ as we move through the merger process.  Please feel free to send us your questions to staff@calpolyfcu.org.