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 January 16, 2009 |
Type of Loan |
Loan Rate (APR) |
Minimum Term |
Notes |
| New Autos |
5.75%
6.25%
|
60 months
72 months
|
72 months must be over $20k |
| Program Autos |
6.75% |
60 months |
** |
| Used Autos, Boats, RV's |
2008 models
2007 models |
7.25% |
54 months
48 months |
** |
2006 models
2005 models |
8.25% |
48 months
42 months |
** |
2004 models
2003 models |
9.25% |
42 months
36 months |
** |
2002 models
2001 models |
10.25% |
36 months
30 months |
** |
| 2001 models and below |
11.25% |
30 months |
** |
| Recurring Debt |
10.00% |
12 months |
** |
| New RV's and Boats |
5.75%
6.25%
6.75% |
60 months
120 months
180 months |
**
**
** |
| Unsecured |
12.25% |
30 months |
** |
| CD Secured |
CD rate plus 3% |
Varies |
** |
| Share Secured |
4.00% |
N/A |
** |
*APR is defined as "Annual Percentage Rate"
**All above rates are quoted based upon the loan payments being placed on either payroll deduction or a monthly bank draft.
|
