News & Reports

Ventura, CA — May 1, 2026 — County Schools Federal Credit Union (County Schools) announced that, effective May 1, 2026, it will reduce its Primary Share/Savings minimum balance requirement, also known as the par value share, from $25 to $1, making membership more accessible to individuals and families throughout the communities it serves.

As a federally chartered, locally owned financial cooperative, membership requires the purchase of at least one par value share. This share represents a member’s ownership in the credit union and distinguishes credit unions from traditional financial institutions. Each member-owner holds an equal stake in the cooperative and has the ability to participate in governance, including voting on credit union matters.

“Lowering the par value share is a meaningful step toward removing barriers and expanding access to financial services,” said April Remnant, President and CEO of County Schools Federal Credit Union. “Our Board of Directors is committed to ensuring more people can become member-owners and benefit from the resources, support, and personalized service we provide.”

By reducing the share requirement to $1, County Schools is reinforcing its mission to promote financial empowerment and broaden access to safe, affordable financial services.

Existing members may notice a change in their available balance when accessing online or mobile banking, as well as on account statements reflecting the updated share requirement.

County Schools has a long-standing commitment to supporting its members and the local community through accessible banking solutions, financial education, and community involvement.