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 November 16, 2011 |
Type of Loan |
Loan Rate (APR) |
Maximum Term |
Notes |
| New Autos |
4.75% |
72 months |
|
| Program Autos |
5.75% |
72 months |
** |
| Used Autos, Boats, RV's |
2011 models
2010 models |
6.75% |
54 months
48 months |
** |
2009 models
2008 models |
6.75% |
48 months
42 months |
** |
2007 models
2006 models |
6.75% |
42 months
36 months |
** |
2005 models
2004 models |
6.75% |
36 months
30 months |
** |
| 2003 models |
10.75% |
30 months |
** |
| 2002 models and below |
10.75% |
30 months |
** |
| Recurring Debt |
10.00% |
12 months |
** |
| New RV's and Boats |
4.75%
5.75%
6.75% |
60 months
120 months
180 months |
**
**
** |
| Unsecured |
11.75% |
30 months |
** |
| CD Secured |
CD rate plus 3.00% |
Varies |
** |
| Share Secured |
3.25% |
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.
|
