CO-OP Shared Branch


Grossmont Schools Federal Credit Union

Open End Loans

Open end loans (Overdraft Protection and VISA) are available to members once a loan application is completed and a maximum loan limit is determined. All or part of this amount may then be borrowed whenever necessary as long as members stay within their approved loan limits and continue to have a good credit rating. Members must complete a new statement of financial condition every three years to continue to borrow on an open end loan.


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