RV/Boat Loans - East County Schools Federal Credit Union
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RV and Boat Loans

Motor Home, Fifth Wheeler & Travel Trailer Loans

New RVs: Up to 100% financing of the total purchase price, including all factory-installed equipment

Used RVs: Up to $110% of Kelley Blue Book Wholesale, including options

  • No application or funding fees
  • Finance the tax, license, documentation fee & ECSFCU insurance products
  • Terms up to 180 months (15 years)
  • Low Cost MBP (Mechanical Breakdown Protection) and GAP (Guaranteed Asset Protection) coverage

Boats And Watercraft Loans

New Boats/Watercraft: Up to 100% financing of the total purchase price

Used Boats/Watercraft: Up to $100% of Kelley Blue Book Wholesale or fair market value, not to exceed the purchase price

 

  • Finance the tax, license, documentation fee & ECSFCU insurance products
  • No application or funding fees
  • Terms up to 84 months (7 years)

Guaranteed Asset Protection (GAP) Advantage with PowerBuyTM

GAP is an optional insurance policy, available for new and used vehicles, that pays the difference between how much is owed and what your insurance company pays if the car is declared a total loss or stolen. Unless you’re covered by GAP insurance, this financial shortfall, or GAP, could leave you owing thousands of dollars.

Your car’s actual value is the cost of the car when it was new minus depreciation, age, mileage, condition, etc. Since cars depreciate quickly, the amount you receive from the insurance company may be significantly less than what you owe.

Who Should Buy GAP?

GAP is primarily for those who have a 60-month (or longer) term loan, have less than 20% down, or purchased a car that has a high rate of depreciation.

Read more about GAP Insurance

GAP insurance hypothetical example:

Description Dollar Amount
Purchase Price $25,000
Loan Balance at time of loss: $20,000
Value of Vehicle at time of loss: $17,000
Amount Insurance Company Pays: $17,000
Remaining Loan Balance: $3,000
ECSFCU GAP Protection Pays: $3,000

Signing up for GAP is easy:

  • Sign up for GAP when you apply for your vehicle loan
  • GAP amount can be rolled into your monthly loan payment
  • GAP is fully refundable if you cancel coverage within the first 60 days
  • Guaranteed Asset Protection coverage is only $400

What is PowerBuy?

PowerBuy provides you with additional funds to finance your next vehicle with East County Schools, in addition to paying off your loan balance.

Did you Know?*

  • A vehicle loses 11% of its value the second you drive it off the lot
  • 15-20% is the average value a new car loses annually

*Information from Edmunds.com

Your purchase of GAP Advantage with PowerBuy is optional. Whether or not you purchase GAP Advantage with PowerBuy will not affect your application for credit or the terms of any existing credit agreement you have with the credit union. There are eligibility requirements, conditions, and exclusions that could prevent you from receiving benefits under GAP Advantage with PowerBuy. You should carefully read the contract for a full explanation of the terms.

Mechanical Breakdown Protection

How many times have you heard stories about vehicles breaking down right after the warranty expires? Mechanical Breakdown Protection (MBP) shields you from the high costs of mechanical or electrical repairs on your vehicle once your basic manufacturer’s warranty has expired. In addition, MBP also provides comprehensive roadside assistance, nationwide coverage, and the flexibility to choose a repair facility of your choice. Before you commit to any other program, compare it to our Mechanical Breakdown Protection plans.

Read more about Mechanical Breakdown Protection

Benefits of MBP

  • Available on both new and used vehicles
  • No deductible on covered parts or labor
  • Nationwide protection
  • Direct payment to repair facility
  • 24-Hour Roadside Assistance
  • Transferable coverage if you sell your vehicle before your agreement expires
  • Rental Vehicle Assistance
  • Increased resale value

To learn more about Mechanical Breakdown Protection contact one of East County Schools’ lending professionals at (619) 588-1515

Credit Life, Disability, and Unemployment Insurance

Protects you and your family from unforeseen circumstances, including loss of a life, an unexpected disability, loss of employment, or an unpaid family leave. All of these “protected events” are difficult to predict.

How Does it Work?

This voluntary insurance premium is included in your monthly payment; you won't receive extra bills or statements. If you have a balance on your loan and are totally disabled due to injury, illness, or in the event of an unexpected death, Credit Life and Credit Disability Insurance can help.

Why is it Valuable?

Credit Life and Credit Disability Insurance works in two different ways. You and your family won't have to make loan payments if you're totally disabled due to an injury or illness. It will help pay your loan until you're fully recovered, or in the event of an unexpected death, it will pay off the loan. Savings, salary or payoffs from other life insurance may be spared, giving your family financial freedom when they need it most.

Read more about Loan Protection

Two options available:

  • MEMBER’S CHOICE® Credit Life Insurance is a voluntary coverage that can help reduce or pay off your loan balance, up to the maximum limit, if you or your covered co-borrower passes away.
  • MEMBER’S CHOICE® Credit Disability Insurance is a voluntary coverage plan that helps make monthly loan payments, up to the maximum limit, should you become totally disabled, until you are no longer disabled.

You can add these insurance plans to your auto loans and/or personal loans or lines of credit. Other features include:

  • Automatic eligibility for most borrowers
  • Simple enrollment
  • No medical screening
  • Cost included in your loan payment

You may cancel the protection at any time. If you cancel protection within 30 days you will receive a full refund of any fee paid.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Your purchase of MEMBER'S CHOICETMCredit Life and Credit Disability Insurance, underwritten by CMFG Life Insurance Company, is optional and will not affect your application for credit or the terms of any credit agreement required to obtain a loan. Certain eligibility requirements, conditions, and exclusions may apply. Please contact your loan representative, or refer to the Policy Agreement for a full explanation of the terms. Credit Life and Disability is not available on Home Equity Lines of Credit.

Instant Loan Decision 24/7

Apply for a loan on YOUR schedule. East County Schools FCU offers several convenient and secure ways for you to submit your loan request. Simply click on one of the links below to get started.

Approved loan decisions come back immediately*. Non-automatically approved loans are reviewed generally within a business day and one of our loan officers will contact you.

If you're looking for a Vehicle Loan, Signature Loan, VISA Credit Card** or Home Equity Loan**, make it easy on yourself with our online loan application!

Non Credit Union Members may also apply for a loan online

You can still apply for a loan before you become an ECSFCU member. All non-members must meet membership requirements before any loan can be funded. See if you are eligible for ECSFCU membership.

Apply for a Loan Online Loan Application

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Financial Education

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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 - First Grade Teacher in Lakeside Union School District