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.
