PERSONAL LOAN RATES
APPLY FOR A LOAN
ECOLOGICAL LOAN
SIGNATURE LINE OF CREDIT
When you need a loan, call or visit us and one of our friendly representatives will help you select the loan that's right for you.
Classroom Supplies Loan
If you’re a teacher, our no-interest loan can help make purchasing supplies for your classroom a little easier on your budget!
- Borrow from $250 - $1,000
- 0% APR
- Finance up to 10 months
- Must be a teacher and have direct deposit into an EECU account
ECOlogical Loan
An Energy Smart lifestyle begins with an ECOlogical Loan! If you're looking to purchase energy smart products and services, this is the loan for you.
- Borrow from $100 to $60,000
- Low, competitive interest rate
- No application fee
Eligible Products
- Install solar panels to convert sunshine to electricity
- Seal energy leaks and add insulation
- Replace old windows, doors, skylights, furnaces, air conditioners, heat pumps and attic fans with energy-efficient/Energy Star products
- Purchase energy-efficient/Energy Star appliances - refrigerator, freezer, washer/dryer, dishwasher, stove, oven, and microwave
- Install a solar water system for your pool or spa
- Increase energy efficiency with a fireplace insert
- Install drought-tolerant/synthetic lawns
- Purchase rubber mulch/bark
- Install a recirculating hot water pump
- Install rain gutters and rainwater harvesting products (e.g. rain barrels)
- Purchase a sump pump
- Add drip irrigation and irrigation controls
- Purchase a swimming pool cover
- Purchase an instant water heater
- Upgrade landscape to drought tolerant/xeriscape
- Tree trimming
- Install a grey water reuse system
- Replace pipes, drains, and fences
- Install a deck
- Remove turf
- Purchase high efficiency toilets
Products and services purchased with the ECOlogical Loan proceeds must meet EECU Energy Efficiency Standards. No home equity, property lien or appraisal required.
Educator Credential Loan
This loan is for educators who are enrolled in completing a credentialing program, are currently employed with a school district, and are enrolled in an accredited credential program.
- Borrow between $2,500 - $15,000
- Low, competitive interest rate
Overdraft Protection Loan / Student Overdraft Protection Loan
Perfect for when your Checking account is running "a little short." If there isn't enough money in your account to cover an item presented for payment, we'll automatically transfer money from your Overdraft Protection Loan to your Checking account. Overdraft protection is not available on the Right Start Checking account.
- Loan amounts from $100 to $5,000
- Up to $1,000 for Student Overdraft Protection Loan
- Access the money at any EECU ATM, Personal Telephone Access, Online Banking, or by contacting us
- No fee per transfer
- Competitive interest rate
- Student Overdraft Protection Loan rates based on GPA
Technology Loan / MyCash Technology Loan
Keeping up with the latest technology can get expensive. It's a good thing EECU offers such a great rate on technology purchases! Finance computers, tablets, printers, cell phones, home theaters and more.
- Borrow from $500 to $7,500
- Up to $1,000 for MyCash Technology Loan
- Low interest rate
- As low as 3% APR for MyCash Technology Loan
- 100% financing
- Discounts on select Dell computer purchases
E-Z Loan
As the name implies, this loan makes it easy on you to borrow the cash you need for virtually any reason!
- Borrow up to $20,000
- Low interest rate
Budget Balancer Loan
Also known as a bill consolidation loan, we'll help you get your budget in balance by consolidating your bills into one loan.
- Borrow from $100 to $30,000
- Consolidate payments
- Competitive interest rate
Signature Line of Credit
This line of credit works like a credit card, except you don't need to carry or use a plastic card.
- Instant access to your money
- Competitive interest rate
- Take an advance up to your approved credit limit whenever you need it
- Access the money at any EECU ATM, Personal Telephone Access, Online Banking, or by contacting us
Share-Secured Loan
This loan is perfect for people who want to establish credit. Because the loan is secured by your share deposits it requires little or no additional qualifications.
- Low interest rate
- Affordable payments
Personal Loan Rates
Annual Percentage Rate
Rates effective October 1, 2024
| Loan Type | Max Term | APR As Low As | Estimated Monthly Payment based on 'As low As' Rate |
|---|---|---|---|
| Budget Balancer $100 - $30,000 | 12.50% | Based on balance | |
| Classroom Supplies Loan $250 - $1,000 | 0.00% | Based on balance | |
| ECOlogical Loan $100 - $60,000 | 84 months | 7.50% | $15.34 per $1,000 |
| ECOlogical Loan $15,001 - $60,000 | 120 months | 7.50% | $11.87 per $1,000 |
| ECOlogical Loan $25,001 - $60,000 | 180 months | 7.50% | $9.27 per $1,000 |
| Educator Credential Loan $2,500-$15,000 | 60 months | 7.50% | Based on balance |
| E-Z Loan $100 - $20,000 | 12 months | 7.50% | $86.76 per $1,000 |
| E-Z Loan $2,500 - $20,000 | 24 months | 7.50% | $45.00 per $1,000 |
| E-Z Loan $7,500 - $20,000 | 36 months | 7.50% | $31.11 per $1,000 |
| Overdraft Protection $100 - $5,000 | 10.00% | Based on balance | |
| Signature Line of Credit $100 - $30,000 | 12.00% | Based on balance | |
| Technology Loan $500 to $7,500 | 60 months | 7.00% | Based on balance |
"From" rate on Budget Balancer, E-Z Loan, Educator Credential Loan, and ECOlogical Loan includes a .50% discount for automatic payment from EECU checking account.
| Loan Type | APR |
|---|---|
| Student Overdraft Protection Loan up to $1,000 | |
| GPA less than 2.49 | 15.00% |
| GPA 2.50 - 2.99 | 14.00% |
| GPA 3.00 - 3.49 | 12.00% |
| GPA 3.50 or higher | 10.00% |
| MyCash Technology Loan $500 to $1,000 | 3.00% |
Student Overdraft Protection Loan rate shown are based on student GPA. Maximum loan amount $1,000. Student must be 18 years of age or older, enrolled in a minimum of six (6) units, and provide a grade report/transcript that is less than six months old. These rates are not available for refinancing existing EECU loans.
MyCash Technology Loan rate shown includes a 1.00% discount for required automatic payment. Minimum loan amount $500; maximum loan amount $1,000. MyCash Technology Loan applies to members ages 18 and older. These rates are not available for refinancing existing EECU loans.
| Loan Type | APR |
|---|---|
| Share Secured | 4.00% above rate paid on savings |
| Share Certificate Secured | 3.00% above rate paid on Share Certificate |
