Share Secured Loan - East County Schools Federal Credit Union
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Share Secured Loan

Establish or Re-Establish Credit - Borrow Against Your Personal Savings

A Share Secured Loan is a good idea if you're looking to build your credit or you need to make a necessary purchase but don't want to dip into your savings. With a Share Secured Loan you borrow against your savings at East County Schools and receive a low-rate loan, while still earning dividends on the amount you have on deposit!

  • You can borrow up to 100% of the balance in your Share Savings Account
  • No fees
  • Share Savings funds will remain on deposit and will continue to earn dividends, but will not be available for withdrawal. As the balance is repaid, the funds become available for use
  • Flexible terms - up to 120 months
  • $500 minimum loan
  • APR (annual percentage rate) is determined by adding 3% to the current Savings Rate

Loan Rates

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Members LoveECSFCU!

  • 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 - Retired Lakeside Union School District Teacher