Open End Loans - East County Schools Federal Credit Union
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Open End Loans

Open End Loans* are available to members once a loan application is completed and a maximum loan limit is determined. All or part of this amount may then be borrowed whenever necessary as long as members stay within their approved loan limits and continue to have a good credit rating.

Overdraft Protection, VISA credit cards, Personal Lines of Credit and Home Equity Lines of Credit are examples of Open End Loans.

Members must complete a new statement of financial condition every three years to continue to borrow on an Open End Loan.

*Open-end credit is a pre-approved line of credit between East County Schools Federal Credit Union (ECSFCU) and a member that may be used repeatedly up to a certain limit and can subsequently be paid back prior to payments coming due. The pre-approved amount will be set out in the agreement between ECSFCU and the borrower.

Loan Rates

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Members LoveECSFCU!

  • 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