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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 July 01, 2017
Type of Loan
Loan Rate (APR)
Maximum Term
Notes
New Autos
3.50%
72 months
**
Program Autos
4.50%
72 months
**
Used Autos

2016 models
2015 models

2014 models

2013 models

2012 models

2011 models

2010 models

2009 models

2008 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

**
2007 models and below
9.50%
36 months
**
Recurring Debt
10.00%
12 months
**
New boats, RVs, Mobile Homes
3.50%
180 months
**
Used boats, RVs, Mobile Homes
5.50%
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.

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