CSESAP Loans - East County Schools Federal Credit Union
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CSESAP Loan Program

Classified School Employees Summer Assistance Program (CSESAP)

    Take advantage of the CSESAP:  Match your 2022 Summer Savings and keep your full paycheck!

     

    How it Works:

    1. From Sept. 2021 through June 2022, you can elect to set aside up to 10% of your annual pay and place it into your CSESAP account.

    2. Each month on payday, East County Schools FCU (ECSFCU) will deposit an equivalent amount into your ECSFCU checking account.

    3. The amount received from ECSFCU is a loan and interest will accrue on the balance; interest is paid monthly to ECSFCU. Maximum loan value is $5,000.00.

    4. Summer of 2022, when you receive your CSESAP summer check(s), the loan to ECSFCU comes due for repayment.

    CSESAP Loan is available to all eligible classified employees!

    website CSESAP example

    Participation Guidelines:

    1. Elect to participate in the CSESAP program with your employer and select a monthly contribution.

    2. Employees must have (or open) an East County Schools FCU membership and checking account. This can be opened in-branch, CU2U (we come to you), or online at www.EastCountySchools.org prior to CSESAP Loan processing.

    3. Enroll in Direct-Deposit for your net paycheck ($500 minimum) to ECSFCU prior to CSESAP Loan.

    4. Notify East County Schools FCU that you will be participating in this CSESAP Loan program by calling or texting 619-588-1515 or online by contacting us here and leaving your name, district and the best way to contact you.

    5. Employee must show proof-of-contribution from their first paycheck to establish the loan amount and receive their first advance.

    Submit your enrollment request online or via phone to ensure you don't miss out.

     

    *APR = Annual Percentage Rate. All terms and conditions of the one-time funding Classified School Employee Summer Assistance Program (CSESAP) will apply. Estimated California Department of Education matching percentage will not be known until June 2021. Interest on the CSESAP loan will be payable monthly via automatic deduction at month-end. If the employee opts out of the CSESAP program prior to June 2022, the loan must be paid back from the CDE distribution.

    Additional Examples**

    Monthly CSESAP Contribution

    $100.00 $200.00 $300.00 $400.00 $500.00

    Annual CSESAP Pledge

     

    $1,000.00

     

    $2,000.00

     

    $3,000.00

     

    $4,000.00

     

    $5,000.00

     

    Forecast CSESAP Match

     

    $1,000.00

     

    $2,000.00

     

    $3,000.00

     

    $4,000.00

     

    $5,000.00

     

    Total CSESAP Distribution

     

    $2,000.00

     

    $4,000.00

     

    $6,000.00

     

    $8,000.00

     

    $10,000.00

     

    Total Annual  Interest Due

     

    $36.76

     

    $73.51

     

    $110.27

     

    $147.02

     

    $183.78

     

    Total Repayment of ECSFCU Loan

     

    ($2,036.76)

     

    $4,073.51

     

    $3,110.27

     

    $8,147.02

     

    $10,183.78

     

    Net Benefit to Employee $963.24 $1,926.49 $2,889.73 $3,852.98 $4,816.22

    **Examples above assume

    • July 31, 2022 payout,
    • Dollar for dollar CSESAP match from California Department of Education (CDE)
    • Completion of CSESAP program where ECS monthly loan advance equals CSESAP employee contributions

    Contributions may be up to $5,000 per year

    Interest is paid monthly at 8.00%APR APR = Annual Percentage Rate

    Loan Rates

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    Members LoveECSFCU!

    • ECS-logo

      From the beginning of the process to the day of funding, Suzy and her assistant, Lance, were exactly what anyone would hope for when refinancing their home. They responded to all my questions with patience and in a timely manner. They let me know what to expect and when to expect it every step of the way. I couldn't be more pleased with the service I received. Thank you Suzy and Lance for making this so easy!

       

      Elissa Ellis-MacLeod, on her ECSFCU home refinance
    • ECS-logo

      My Loan Officer, Mireya, is truly an asset to ECSFCU. She is competent, articulate, sweet and compassionate. When there was an error in the payoff of my car, Mireya personally took a credit union check and drove it to the dealer to correct it, the same day. We are thankful for the time and effort she put into this important transaction.  That’s customer service, and she is leading the pack!

       

       

      Jack Charles, Grossmont High School District, retired
    • Kevin Miller original headshot-01

      Kevin Miller likes to connect good people to great resources. He’s been an enthusiastic fan of East County Schools Federal Credit Union since 2013 when we were known to the education community as Grossmont Schools Federal Credit Union, more than five years ago. “Every person I’ve referred to ECSFCU has raved about the lower rates, better terms and great treatment they get.” From 4.00%APR eChecking to amazing auto loan rates to 0% interest classroom loans, he says, “There has never been a dropped ball or bad experience for anyone I’ve ever referred to ECSFCU.”

      Kevin Miller - Administrative Pastor of Foothills Christian Church
    • Cathy Sprecco with Koala - Australia 2015

      I had a fantastic trip to Switzerland and Austria this past summer with East County Schools FCU and the SD East County Chamber of Commerce. This was my 6th trip with this fun group! The Educator Tour, guided by the infamous Steve Devan, is the perfect way to truly see and experience any country. The train ride through the Alps was a personal favorite and such an amazing experience. Seeing and hearing cows and goats with real bells grazing on the side of the mountains made me want to sing a favorite "Sound of Music" song and look for Heidi or her grandpa around every turn! I really felt immersed in the culture. The extra servings of warm apple strudel helped too!

       I am a single traveler and all worries are put aside on these well-coordinated trips. Almost everything is taken care of for the travelers so I always feel spoiled! The fellow Educator Tour travelers that I have met from other districts and other walks of life have become my life-long friends! These trips are so dear to me that I have a separate savings travel account where I dedicate a small monthly amount to be ready for the next country!

      Come join us!

      Cathy Sprecco - First Grade Teacher in Lakeside Union School District
    • Grant Nelson 2019

      When I became an ECSFCU member, I immediately refinanced my house and got better rates for two cars. East County School employees who are just starting out, this is the best place to be! ECSFCU can help you secure your financial life.

      Grant Nelson - 8th Grade History Teacher in La Mesa Spring Valley Schools
    • Grant Nelson 2019

      While overseas I found myself in the frightening situation of being out of cash and with two debit cards from other financial institutions that weren’t working, despite my travel notice pre-planning. ECSFCU’s amazing member services team stayed late on a Friday to approve and immediately fund a quick loan that made the rest of our trip wonderful. Nobody else does that! Not only is it something that I will never forget, but it’s something I want to tell everyone about.

      Grant Nelson - 8th Grade History Teacher, La Mesa Spring Valley Schools
    • Marcel Becker testimonial
      What mattered to me, was that I needed the money to buy a motorhome, and I needed it now. This is the fastest I've ever experienced for a loan. It's never been this easy or this pleasant and I could tell that this was simply the way ECSFCU serves all of their members; it's their culture. I wasn't a member when I started, but I am now.
      Marcel Becker - General Manager, Trident Maritime Systems and Career Technical Education and Ethics in Business partner with GUHSD
    • Todd Linke IMG_4888 no wording cropped
      After financing a newly purchased truck with ECS, Todd wrote: Thank you for your efficient and friendly service! I always appreciate the "small bank" customer service, but the "big bank" options!
      Todd Linke, Mount Miguel HS Science Department
    • Karl Danielson 2018
      I've bought three cars through the credit union. They make it very easy, very simple, and you can't beat the interest rate. I highly endorse them, their friendly staff, and the service that East County Schools gives its members!
      Karl Danielson Granite Hills HS Television, Film and Digital Media Teacher
    • ECSFCU is big enough to approve loans with great rates and small enough to provide personal service and products that are important to the educational community.
      Randy Montesanto Grossmont Union High School District
    • We bank with East County Schools Federal Credit Union and learned they also have a great car buying service! We decided to look into it and ended up with the best customer service, an amazing price, no hassle of going to the dealership, and a brand new 2017 Honda Accord Sport! A year later, we were in need of another car for our growing family. It was an easy decision to go with the credit union and New Cars Inc again. The process and customer service didn’t disappoint once again, and we love our new 2018 Honda CRV! A big thank you to New Cars Inc and ECSFCU!
      Carly and Luke Esquerra