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Other Loans

The FORWARD Loan is designed just for our members between the ages of 19 and 29. The maximum loan amount is $1,000, and the rate is 10.75% APR with terms up to 12 months. Still need to establish credit? The FORWARD Loan is a great place to start!

This is also known as a personal loan because you can use it for whatever you want. Signature loans are used to pay bills, purchase gifts or a vacation, or to get you through a squeeze in your budget. ēCO can pre-approve your credit limit for easy access. Loan limits are based on your credit history, income and current obligations.

This type of loan allows you to borrow at ēCO’s lowest rates by using your credit union savings as collateral. You’ll also receive liberal repayment terms.

Whether you're an undergraduate, graduate student, or parent, get money for school from Sallie Mae® 

Student loans from eCO Credit Union, in partnership with Sallie Mae® could help!

Sallie Mae® higher education loans are designed for the needs of undergraduates, graduate students, and parents.

  • Competitive Interest Rates
  • Multiple repayment options
  • No origination fees; no prepayment penalty1

Smart Option Student Loan® for Undergraduate Students

Parent Loan

Plus, the graduate loan suite is designed to meet the needs of students in specific fields of study.


Find out which loan is right for you.

Borrow responsibly
We encourage students and families to start with savings, grants, scholarships, and federal student loans to pay for college. Students and families should evaluate all anticipated monthly loan payments, and how much the student expects to earn in the future, before considering a private student loan.

These loans are made by Sallie Mae Bank or a lender partner. eCO Credit Union is not the creditor for these loans and is compensated by Sallie Mae for the referral of loan customers.

Smart Option Student Loan and graduate loan products: This information is for students attending participating degree-granting schools. Smart Option Student Loan information is for undergraduates only. Graduate Certificate/Continuing Education coursework is not eligible for MBA, Medical, Dental, and Law School Loans. Borrowers must be U.S. citizens or U.S. permanent residents if the school is located outside of the United States. Non-U.S. citizen borrowers who reside in the U.S. are eligible with a creditworthy cosigner (who must be a U.S. citizen or U.S. permanent resident) and are required to provide an unexpired government-issued photo ID to verify identity. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.arent Loan: This information is for borrowers with students attending participating degree-granting schools. The student is not eligible to be a borrower or cosigner. The borrower, cosigner and student must be U.S. citizens or U.S. permanent residents. The school may refund loan funds directly to the student, and if that occurs, borrower, and cosigner (if applicable) would still be responsible for repaying that amount. Applications are subject to a requested minimum loan amount of $1,000. Current credit and other eligibility criteria apply.

1 Although we do not charge you a penalty or fee if you prepay your loan, any prepayment will be applied as provided in your promissory note: First to Unpaid Fees and costs, then to Unpaid Interest, and then to Current Principal.


© 2019 Sallie Mae Bank. All rights reserved. Sallie Mae, the Sallie Mae logo, and other Sallie Mae names and logos are service marks or registered service marks of Sallie Mae Bank. All other names and logos used are the trademarks or service marks of their respective owners. SLM Corporation and its subsidiaries, including Sallie Mae Bank, are not sponsored by or agencies of the United States of America.

ēCO also offers a variety of other loans to meet your needs:

  • Boat Loans
  • Recreational Vehicle Loans
  • New Furniture Loans
  • Computer Loans
  • More!

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APR - Annual Percentage Rate