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.
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!
