Loans Signature

Unsecured

Unsecured loans have a maximum amount available of $10,000.00. There are certain requirements to meet to qualify for maximum amounts. This type of loan is closed end and an application must be filled out with every request.

Open End Unsecured

Open End Unsecured loans have a maximum amount available of $10,000.00. There are certain requirements to meet to qualify for maximum amounts. Payments on the open end signature are 2% of the current balance or a minimum payment of $25.00. Advances may be taken on this loan without completing applications.

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Collateral for this type of loan is based on the balance in the borrower's Certificate of Deposit account. This loan type is usually one of the lowest rates and the easiest to apply for. Member may only borrow the maximum amount currently on deposit at Edco in a certificate of deposit account with a maximum repayment 36 months.