$.gif (30469 bytes)          Loan Rates        $.gif (30469 bytes)

Truth-in-Lending Disclosure:

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

Be sure and ask about our *SPECIAL PRODUCT AND RATE OF THE MONTH*

DO YOU HAVE THE BEST LOAN RATE OFFERED?

We now have two loan rates available for every loan.  Loan rates are based on the collateral offered to secure the loan.  A reduction of 1.00% is offered on every loan if the loan payments are put on a payroll deduction from your employer or an automatic bank draft (the rates quoted below are based on the payments being on a payroll deduction or an automatic bank draft).
LOAN RATES effective March 14, 2008

Type of Loan

Loan Rate (Apr)

Maximum Term

Notes
New autos

6.00%

6.50%

60 Months

72 Months

 **

** Must be over $20k
Program Autos

7.00%

60 Months

 **
Used autos, boats, RVs

2007 models

2006 models

7.50%

 54 months

48 months

 **
2005 models

2004 models

 8.50% 48 months

42 months

 **
2003 models

2002 models

 9.50% 42 months

36 months

 **
2001 models

2000 models

 10.50% 36 months

30 months

 **
1999 models and below 11.50% 30 months **
Recurring debt

10.00%

12 months

 **
New RVs and boats

6.00%

6.50%

7.00%

60 Months

120 Months

180 Months

 **

**

**
Unsecured

12.50%

30 Months

 **
CD Secured

Varies

Varies

 **
Share Secured

4.00%

n/a
** All above rates are quoted based upon the loan payments being placed on either payroll deduction or a monthly bank draft.

 

All loan rates above are as of 03/14/2008 and are subject to change without notice.