This page uses JavaScript. Your browser either does not support JavaScript or you have it turned off. To see this page properly please use a JavaScript enabled browser.
If you are having problems using this website, please call (972) 937-4560 for assistance. Also, all products, services and information available on this website are also available at our physical location at 630 N Gibson, Waxahachie, TX 75165, where we would be happy to assist you further.
Ellis County Teachers & Employees FCU Go to main content

Rates

Loan Rates

These rates are subject to change monthly.

Share/CD Secured
Share secured loans are available. The interest is 1% percentage point over the dividend rate paid on your shares in the previous quarter, subject to change each quarter. CD secured loans are available. The interest rate is 1% percentage point over the dividend rate paid on your CD, subject to change when your CD matures.

Signature
RateTermAmount
15.00% UP TO 18 MONTHS UP TO $1,700.00

Consolidation
RateTermAmount
15.00% UP TO 24 MONTHS UP TO $2,500.00

New Auto
Effective Date: 2/14/2023
RateTerm
7.75% 73 - 84 MONTHS FINANCE $40K OR HIGHER
7.25% 61 - 72 MONTHS  
7.00% 49 - 60 MONTHS  
6.75% 37 - 48 MONTHS  
6.50% UP TO 36 MONTHS  

On new autos, the Credit Union will finance 100% of the MSRP (Manufacturer's Suggested Retail Price).

Used Auto
Effective Date: 1/9/2024
RateTermYear
7.49% 72 MONTHS 2022 - 2024
7.99% 84 MONTHS ($35K & OVER) 2022 - 2024
7.99% 60 MONTHS 2019 - 2021
8.49% 72 MONTHS ($30K & OVER) 2019 - 2021
8.49% 48 MONTHS 2016 - 2018
8.99% 60 MONTHS ($25K & OVER) 2016 - 2018
8.99% 36 MONTHS 2015 & OLDER
9.49% 48 MONTHS ($20K & OVER) 2015 & OLDER

On 2020 and newer used autos the Credit Union will finance up to the clean retail value, and on 2019 and older autos up to the clean loan value per NADA Official Used Car Guide, or 100% of sales price, whichever is less.   Additions or deletions may be made for mileage and vehicle options

The Credit Union will refinance a vehicle from another finanical institution - Rates same as listed above
 

Personal Property
RateTermType
7.50% UP TO 48 MONTHS NEW
8.90% UP TO 48 MONTHS USED

Furniture & Appliances
RateTermType
8.40% UP TO 48 MONTHS NEW

RV, Boats, Motorcycles & All-Terrain Vehicles
RateTermType
Recreation Vehicle
6.99% UP TO 60 MONTHS NEW
7.99% UP TO 60 MONTHS USED
Boats, Motorcycles & All-Terrain Vehicles
5.90% UP TO 60 MONTHS NEW
6.90% UP TO 60 MONTHS USED

Saving Rates

Share/Savings
Effective Date: 9/12/2023

Share/savings accounts are allowed one free withdrawal per quarter. Each additional withdrawal will be charged a $5.00 transaction fee.

Dividends on share/savings accounts are paid quarterly and the rates may vary each quarter. The dividends are paid from income for the quarter and as income varies, so will the rate. The member will forfeit dividends that are accrued, but not paid in the event of an account closing.

Current rate paid on all share balances $25.00 and above - these rates are subject to change quarterly.

RateAPY
1.50% 1.50%

Certificates of Deposit
Effective Date: 1/9/2024
Current Certificate of Deposit rates. These rates are subject to change monthly.
RateTermNote
2.00% 6 MONTH Early withdrawal penalty 60 days interest.
2.25% 1 YEAR Early withdrawal penalty 90 days interest.
2.50% 2 YEAR Early withdrawal penalty 120 days interest.

Checks returned to the Credit Union due to insufficient funds will be charged a $25.00 fee.

Go to main navigation