Start Saving for Your Future
Your Long Beach City Employees Federal Credit Union (LBCEFCU) is proud to announce its new partnership with ScholarShare529 , a nationally recognized college savings plan managed by TIAA-CREF Tuition Financing, Inc. The ScholarShare529 plan is an account that allows City of Long Beach Employees to invest specifically for future education expenses. Like IRAs and 401(k)/403(b) plans designed to help save for retirement, 529 plans are aimed at helping families save for college. ScholarShare 529 is an industry leader with a 20-year track record of helping families like yours save to cover future college costs. Funds can be used from your 529 savings plan to send your grandkids, kids, or even yourself, to any accredited public or private U.S. college or university – or two-year technical or vocational institution!
There are many benefits to opening a ScholarShare529 account – here are just a few -
- 100% tax-free growth for qualified withdrawals
- Low fees and expenses
- Financial-aid compatible
- Many investment options
- Flexible spending choices
Getting Started on your 529 Plan
Opening an account and directing funds is simple! Open your account, select your beneficiary, and choose your investment portfolio. You may work directly with ScholarShare529 to open your account, or your Long Beach City Employees Federal Credit Union crew is here to assist you and guide you through the process with ease. You can set up a direct deposit to your LBCEFCU account for your contribution to transfer the money to ScholarShare529. It’s easy, fast, and convenient.
Not a member of the Credit Union? No problem! LBCEFCU is easy to join. Use this link, LBCEFCU, to apply for your membership and take advantage of all the great opportunities we have to offer, including ScholarShare529!
Additional questions or assistance
Valerie Davis, Senior Business Development Officer
LBCEFCU – 562.595.4725 x 2010