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 01-01-10. 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 July 01, 2012 |
Account |
Dividend Rate |
Annual Percentage Yield (APY)* |
Minimum Balance |
| Shares (Savings) |
**0.75% |
0.75% |
$25.00 |
| CD's > $1,000 |
| 6 months |
0.80% |
0.80% |
$1,000 |
| 12 months |
0.90% |
0.90% |
$1,000 |
| 24 months |
1.00% |
1.01% |
$1,000 |
| CD's > $10,000 |
| 6 months |
0.85% |
0.85% |
$10,000 |
| 12 months |
1.00% |
1.01% |
$10,000 |
| 24 months |
1.30% |
1.31% |
$10,000 |
| CD's > $100,000 |
| 6 months |
0.95% |
0.95% |
$100,000 |
| 12 months |
1.25% |
1.26% |
$100,000 |
| 24 months |
1.55% |
1.56% |
$100,000 |
*APY is defined as "Annual Percentage Yield"
**Dividend rate quoted for share account is based on rate to be paid on January 1, 2013. 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 CD's are based upon time until maturity. Please contact the Credit Union for exact amount of early withdrawal penalties. |
