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 11-01-18. 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 November 01, 2018|
|Type of Loan||Loan Rate (APR)||Maximum Term||Notes|
|New Autos||3.50%||72 months||**|
|Program Autos||4.50%||72 months||**|
2017 models 2016 models 2015 models 2014 models 2013 models 2012 models 2011 models 2010 models
2010 - 2018 models
|2009 models and below||9.50%||36 months||**|
|Recurring Debt||10.00%||12 months||**|
|New boats, RVs, Mobile Homes||
|Used boats, RVs, Mobile Homes||6.50%||120 months||**|
|CD Secured||CD rate plus 3.00%||Varies||**|
*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, as well as “A” credit score. Credit scores are considered to be an “A” score of 700 or more according to Experian. If the loan payments are not an “A” score, or not on direct deposit, payroll deduction, or a monthly bank draft, the loan rates will be at a higher rate.