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Truth-in-Savings Account Disclosure:

This Disclosure sets forth certain conditions and rates applicable to accounts at Hockley County School Employees Credit Union as of 1-1-99. Further details and additional information about the following accounts, including any applicable fees, are available by contacting Hockley County School Employees Credit Union at 806.894.6204.      

Effective as of March 14, 2008    
Account Dividend Rate Annual Percentage Yield

(APY)*

 Minimum Balance
Shares (Savings) ** 2.00% 2.01% $25.00
CDs > $1,000      

6 months

 2.10% 2.11% $1,000

12 months

 2.35% 2.36% $1,000

24 months

 2.35% 2.36% $1,000
CDs > $10,000      

6 months

 2.85% 2.87% $10,000

12 months

 3.10% 3.12% $10,000

24 months

 3.10% 3.12% $10,000
CDs > $100,000      

6 months

 3.00% 3.02% $100,000

12 months

 3.25% 3.28% $100,000

24 months

 3.25% 3.28% $100,000
       

*    APY is defined as "ANNUAL PERCENTAGE YIELD"

**  Dividend rate quoted for share account is based on rate paid on January 1, 2008.  All future dividend rates to be paid  will be determined during the month preceding the dividend pay date, which is every January 1, and July 1.

Early withdrawal penalties for all CDs are based upon time until maturity. Please contact the Credit Union for exact amount of early withdrawal penalties.