Loan Rates


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 01-01-17. 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.  Rates are now based on member's credit scores.  The following rates are based on an "A" score, which will be the best available rate.  Credit scores that are not an "A" score will be higher than the rates listed below:

 
Effective as of February 22, 2018
Type of Loan Loan Rate (APR) Maximum Term Notes
New Autos 3.50% 72 months **
Program Autos 4.50% 72 months **
Used Autos
2017 models
2016 models 2015 models 2014 models 2013 models 2012 models 2011 models 2010 models 2009 models
5.50% 5.50% 5.50% 5.50% 5.50% 5.50% 5.50% 5.50% 5.50% 66 months
60 months 60 months
54 months
54 months
48 months
48 months 42 months
42 months
**
2008 models and below 9.50% 36 months **
Recurring Debt 10.00% 12 months **
New boats, RVs, Mobile Homes 3.50% 4.00% 4.50% 72 months 120 months  180 months  **
Used boats, RVs, Mobile Homes 6.00% 120 months **
Unsecured 10.50% 30 months **
CD Secured CD rate plus 3.00% Varies **
Share Secured 3.00% N/A **
 

*APR is defined as "Annual Percentage Rate"

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