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.

• Apply in branch or via our online loan application
• Borrow as needed, as often as you need
• Pay interest only on the withdrawn amount
• Loan Protection (Credit Life, Disability, and Unemployment Insurance) is available for purchase
  

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.