HCEFCU offers a wide array of consumer loans at very competitive rates. Whether it is a home equity, car loan, home improvement, education, bill consolidation or lines of credit, HCEFCU is committed to providing convenient, low-cost loans to its members. Periodic updates to your original application may be requested to keep records current.

Interest on consumer loans are computed on a simple method on the outstanding principal balance from the date of the loan to the day it is repaid. Interest is calculated on the unpaid balance for the number of days the loan is outstanding. There are never any pre-payment penalties or hidden charges.

HCEFCU insures all eligible loans, at no direct cost to its members, up to $10,000.00. This valuable insurance protection covers the insurable balance of qualified loans for death before age 75 (loan must be made before your 70th birthday) or total and permanent disability before age 60. As an additional option, members may purchase at very low rates, Credit Disability or Credit Life insurance coverage to protect themselves and their families in the event of disability or death.

Shared Secured Loans

Borrowing against your savings is the least costly method to obtain your loan. By using your shares as collateral, you can take advantage of low interest rates while still earning dividends on your savings.

HCEFCU offers periodic specials on car loans where members can pick just the right terms that for their particular budget.

Qualified members may borrow up to an established line of credit for any purpose on their good credit. A variety of terms offer the perfect means to fulfill that dream.

This credit line protects against overdraft on your share draft checking account. Secure your credit with this overdraft protection line of credit.

Buy your first home or apply for a second mortgage with HCEFCU. Competitive rates are offered for home buyers at reasonable terms.

Use the equity in your home as collateral for a home equity line of credit. Home equity loans may be used for education, home improvement, medical bills, etc., and depending on your situation, may also be tax deductible.