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!

  • 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