In response to the reduced spending habits for many of our member-owners due to the shelter in place orders, we are relaxing the 8 debit card transaction requirement for this checking account. eChecking account holders who show at least one debit (any withdrawal) and one credit (any deposit) a month during the months of March, April and/or May 2020 will earn 4.00% APY dividends, as long as they maintain eStatement delivery and monthly direct deposit of at least $500 for that month. Complete information on our eChecking can be found here.

APY = Annual Percentage Yield

East County Schools FCU understands that the COVID-19 situation has created unexpected financial hardship for some of our members. We would like to offer these Financial Wellness Loans to offset some of the immediate needs you may have. Apply online and select Signature Loan.

Please note: only ONE Financial Wellness Loan per member will be considered, but member-owners who have existing Personal or Auto Loans with ECSFCU may also be eligible to Skip-A-Pay for 90 days on those loans in addition to a Financial Wellness Loan.

 

0.00% APR¹ Financial Wellness "Signature" Loan

• No fees
• 12 Month Loan Term
• $1,000
• Loan rate is 0.00% APR ¹
• Subject to credit review
  
• First loan payment deferred up to 90 days ²

12 and 24 Month Financial Wellness "Signature" Loans

• No fees
• 12 and 24 Month Loan Terms
• Up to $5,000
• Loan rates from 1.49% APR³ - 3.49% APR³
• Subject to credit review
• First loan payment deferred up to 90 days²

¹ APR-Annual Percentage Rate. Minimum loan amount of $1,000. To qualify for 1.00% APR for 12 months requires credit review and member must qualify for ECSFCU Membership. All rates, terms and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.

²Finance charges will continue to accrue during payment deferment. Offers subject to change without notice.

³APR-Annual Percentage Rate. Minimum loan amount of $2,000 and the maximum loan amount of $5,000. To qualify for 1.49% APR for 12 months requires FICO score of 700 or greater and member must qualify for ECSFCU Membership. 24-month term payment example: A 2-year loan at 2.49% fixed APR will have 24 monthly payments of $128 per month. All rates, terms and promotional offers are subject to change without notice. Cannot be combined with any other offer. Restrictions may apply, ask for complete details.

Apply for a Signature Loan online and our Loan Officers will review your loan options with you.

For ECSFCU auto or personal loans,  members may elect to skip their loan payment for 90 days.

There will be no fee for this offer, however you must notify East County Schools FCU of your intention.

90 Day Skip A Pay form

Important: This form does require an original signature. You may sign and fax back to (619) 588-2197 or sign it and email it securely to memberservice@eastcountyschools.org. Forms returned without an original (not typed) signature will be emailed back to you via DOCUSIGN. Please look for this email if applicable and return it promptly to allow us to process your request in a timely manner.

All requests to skip a payment must be approved by the loan department. By signing this card you agree to amend the terms of your original agreement and to repay the entire unpaid balance and accrued interest.

Mortgages, Home Equity Products, Lines of Credit, Visa Credit Card Loans, loans less than 3 months old and bankruptcy accounts are not eligible for this program. To be eligible for this special offer, all credit union accounts must be in good standing. Interest will continue to accrue on unpaid loan balance during no payment period.

If you choose to resume monthly payments, you are able to do so without notification, and your loan end date will be adjusted accordingly.

In response to the potential increased spending needs of our member-owners, we have approved a temporary increase of ATM daily cash withdrawal limits from $500 to $1,000 per day. We have also adjusted all daily Debit Card limits, including Point of Sale, Signature Authorizations and ATM cash withdrawals, so that they are applied to each cardholder instead of combined for the whole account. For example, now the primary member-owner of an account and their joint member-owner each have access to the $1,000 daily ATM withdrawal limit where in the past, it was a single account limit.

Effective immediately, East County Schools FCU's foreign (non-CO-OP) ATM transaction fee of $1.00 will be waived.

Please note that these non-CO-OP ATMs may still have a surcharge assessed by the non-CO-OP ATM owner.

Effective immediately, fees on all incoming and outgoing foreign and domestic wire transfers will be waived.

Information on sending or receiving wire transfers can be found here.

Most Cashier's Checks are already free at East County Schools.

Effective immediately, ECSFCU will also waive the fee on any cashier's check requested in branch to a third party.

Information on Cashier's Checks can be found here.

On April 28, 2020, the Federal Reserve System issued an interim final rule amending Regulation D, Reserve Requirements of Depository Institutions, that removes the six-per-month limit on transfers from savings deposits, as defined in the regulation.

The interim final rule allows credit unions to suspend enforcement of the six-transfer limit immediately and permits their members to make an unlimited number of transfers and withdrawals from their savings deposits.