Classified School Employees Summer Assistance Program (CSESAP)
Get the end of year match from the CDE CSESAP Summer Savings Program, but still keep your full paycheck!
What is CSESAP?
A California Department of Education program that helps eligible Classified employees save for summer by contributing up to 10% of their pay and receiving a dollar-for-dollar match in July.
The Problem
Not everyone can afford to contribute 10% of their monthly salary each month.
The ECSFCU Solution
ECS Federal Credit Union fronts your monthly CSESAP contribution through a Line of Credit. When the state match is paid, you pay off the advance and keep the remaining funds.
Join Our Upcoming Workshop to Learn More!
Date: Wednesday, February 25
Time: 5:30 PM - 6:15 PM
CSESAP Line of Credit is available to all eligible classified employees who are signed up for the state's CSESAP!
Participation Guidelines
- If your district participates in CSESAP, enroll through your district payroll by March 1. Choose a monthly contribution of up to 10% of annual pay, evenly deducted from September–June paychecks.
- Be an ECS Federal Credit Union member with a checking account (open your account in-branch or online).
- Set up direct deposit of your net paycheck to ECSFCU.
- Notify ECSFCU of your participation by calling or texting 619-588-1515, or submitting your name, district, and contact info online. You’ll be asked to apply for a CSESAP Line of Credit (available at the start of the year or mid-year).
- Provide proof of your first CSESAP payroll deduction to establish your loan amount. Once set up, funds are automatically deposited into your checking account each payday.
Examples Based on 8.00% APR*
Monthly CSESAP Contribution | $100.00 | $200.00 | $300.00 | $400.00 | $500.00 |
|---|---|---|---|---|---|
Annual CSESAP Employee Contribution (10 months of contributions)
| $1,000.00
| $2,000.00
| $3,000.00
| $4,000.00
| $5,000.00
|
100%** CSESAP Match by CDE
| $1,000.00
| $2,000.00
| $3,000.00
| $4,000.00
| $5,000.00
|
Summer CSESAP Distribution to Employee
| $2,000.00
| $4,000.00
| $6,000.00
| $8,000.00
| $10,000.00
|
Total Annual Interest Due to East County Schools
| $36.76
| $73.51
| $110.27
| $147.02
| $183.78
|
Total Repayment of ECSFCU Loan
| ($1,036.76)
| $2,073.51
| $3,110.27
| $4,147.02
| $5,183.78
|
| Net Benefit to Employee | $963.24 | $1,926.49 | $2,889.73 | $3,852.98 | $4,816.22 |
Examples above assume
- *APR = Annual Percentage Rate. Program subject to eligibility, verification, and loan approval. Maximum loan amount is 10% of annual pay. Line of credit must be paid in full when the state CSESAP distribution is received in July. State match percentage is typically announced in May. Additional terms apply.
- ** $1.00 for $1.00 CSESAP match from California Department of Education (CDE), 2024 is expected to be the full $1:$1
- July 31st distribution of Summer Assistance Program from the CDE
- Completion of CSESAP program where ECSFCU monthly loan advance equals CSESAP employee contribution
ECSFCU!
