Page 77 - Police Federal Credit Union

EDUCATIONAL ASSISTANCE

Police Federal Credit Union believes that formal education has a positive impact on an employee’s
contribution to the Credit Union and supports self-development by providing reimbursements for
qualified expenses associated with continuing education. The program is designed to provide
employees with tuition reimbursement for job related professional development funded by the Police
FCU.

Educational pursuits that full-time employees desire to have paid by the Credit Union must be directly
related to the employee’s job responsibility and authorized before enrollment occurs. Full tuition
reimbursement (100 percent) will be available for undergraduate coursework, not to exceed three (3)

credit hours per semester and not to exceed the current rate at the University of Maryland, College
Park, applying the Maryland resident rate, to cover the cost of approved undergraduate coursework.
One-half tuition reimbursement will be available for graduate coursework, not to exceed three (3)
credit hours per semester, and not to exceed the same rate as above to cover the cost of approved
graduate coursework.

The Education Assistance is defined as job related professional development that is partially funded
by the Credit Union. The program is designed to reimburse employees for job related courses, which

may lead to a formal professional degree from an accredited college or university.

All full-time, regular employees are eligible to apply for tuition reimbursement and education
assistance after the successful completion of six months of employment and who currently meet the
expectations of their job.

Attendance for all undergraduate and graduate coursework will be scheduled during non-work hours.

Covered Expenses - College
Educational pursuits that full-time employees desire to have paid by the Credit Union must be directly
related to the employee’s job responsibility and authorized before enrollment occurs.

Full tuition reimbursement (100 percent) will be available for undergraduate coursework, not to
exceed three (3) credit hours per semester rate at the attending institution.

One-half tuition reimbursement will be available for graduate coursework, not to exceed three (3)
credit hours per semester, and not to exceed the same rate as above to cover the cost of approved
graduate coursework.

POLICE FEDERAL CREDIT UNION EMPLOYEE MANUAL - APRIL 2017 77 | PAGE