Our Mission Statement
East County Schools Federal Credit Union provides financial solutions that are uniquely tailored to our education community and delivered with a genuine focus on value, trust and exceptional service.
Everything we do is centered on the primary objective of increasing our "Member Value Proposition". Whether it's a new product, service or decision we make, we must continually ask the question... How does this benefit our member-owners?
Credit Union Profile
East County Schools Federal Credit Union is federally insured by the NCUA (National Credit Union Administration) to at least $250,000, with IRA accounts covered by an additional $250,000. All credit unions are not for profit cooperatives. Unlike other financial institutions, Credit Unions are owned and run by their members.
Members make up the Board of Directors, who manage and elect the officers to handle the business and operation of the Credit Union. Our members are joined together by a common bond and we will serve only our members.
There are NO OUTSIDE STOCKHOLDERS -- all net earnings after expenses are paid out to our members in dividends or low cost services.
Federal law and NCUA regulations require federally chartered credit unions to have bylaws. These bylaws provide a framework for the operation and management of a credit union. They address a broad range of matters concerning a credit union's organization and governance, the relationship of the credit union to its members, and the procedures and rules a credit union follows.