Employee and Retiree Service Center → Employees → Pay and schedule information → Summer Pay Program
Montgomery County Public Schools (MCPS) partners with Educational Systems Federal Credit Union (FCU) to offer a Summer Pay program. Depositing a portion of your pay during the school year into a Premium Summer Pay* account can help you save for the summer months, whether you are a 10- or 12-month employee. This account offers a high annual percentage yield (APY).
During the school year, a designated portion of your net salary is directly deposited into your Premium Summer Pay account from your MCPS pay. In the summer, your money is automatically transferred to your Educational Systems FCU regular savings or checking account, or to an account at another financial institution. The transfers occur on the first and third Friday of July and August in four equal proportions. If you need access to your money on other dates, transfers can be made starting on July 1 through Online Banking, Mobile Banking, Audio Response Teller (ART) or by speaking to a credit union employee. The dates for automatic distributions during the summer of 2019 will be:
For more information or to enroll in Premium Summer Pay, visit the Educational Systems FCU website, telephone 301-779-8500, or visit an Educational Systems FCU branch. Once you have established an account with the credit union, you can designate how much to save from each pay period or make changes to your current direct deposit via the Employee Self-Service (ESS) web page. From ESS, click on My direct deposit, found under the green My Pay banner, and log in with your MCPS username and password.