Make Your Summer More Carefree with Some Extra Cash in your Pocket!
New ECS Members - Apply for a loan now.
Current ECS Members - Refer a family member to join ECS to get this same great loan for yourself!
- You can receive up to $5,000 - up to 5% of your annual salary
- Pay it back in 24 months at 0% APR*
- No payments all summer! First payment not due until September 30, 2018
- Open to all school employees in East County schools
*APR=Annual Percentage Rate. To take advantage of this loan offer, you must be a new member to East County Schools FCU, or you must be an existing member who refers an eligible family member who is not a paid employee of one of our districts. Requires automatic payment from an ECSFCU Checking Account and Direct Deposit of employee’s payroll check (minimum $500). Certain credit-related qualifications will apply. For those who sign up on or before 6/30/2018, loans will be disbursed on 6/29/2018 (Friday). For those who sign up between 6/30/2018-8/31/2018, loan will be disbursed at the time of request. First payment due date is September 30, 2018, and final payment due date is June 30, 2020. Loan amounts up to 5% of current year’s annual salary, with a minimum of $500 and maximum of $5,000. If a payment is more than 10 days late, a late charge of 5% of the payment amount or $15, whichever is greater, will be imposed. If you miss two consecutive payments, the loan will revert to a default interest rate of 7.50%, which will remain in effect until you have made three consecutive on-time payments or until the end of the term, whichever comes first.