If you are looking for financial services like opening a savings account, applying for a loan or paying bills without any hassle, you should consider visiting a credit union. These non-profit organizations are owned by their members/account holders. Credit Unions provide a plethora of financial services at attractive rates/fees and are federally insured by the National Credit Union Share Insurance Fund.
You can avail following services as a member of a credit union:
- Savings Account: You can open a savings account to keep your cash safe while you earn interest. However, there are certain limitations on transfers from a savings account in a credit union.
- Checking Account: Credit union checking accounts let members spend their money without any limits on payments. They can access cash from the credit union via debit cards, online bill payment, writing a check, etc.
- Certificates of Deposit: These are a form of savings solution that pays members more than regular savings accounts. However, the pre-condition for this is that the customer has to leave his money in the account for a fixed amount of time. For customers who want some flexibility, some credit unions offer them money market accounts that allow them to access their funds throughout the month and enjoy high rate of interest.
- Loans: Credit unions offer auto loans and various other secured loans to their members. Auto loans are popular amongst credit unions due to their competitive rates of interest and thriving relations of credit unions with local dealers.
- Other Services: Most credit unions provide other services such as Direct Deposit, Payroll Deduction, Bill Pay, ATM, Notary Service, On-line access, Wire Transfer, etc.
Greater Central Texas Federal Credit Union offers a variety of services to help it’s members reach their financial goals. The services offered to the members include secured loans, savings accounts, checking accounts and various online banking facilities. To know more about what can you do at a credit union, visit 3305 E. Elms Rd., Killeen, TX – 76542. You can also call at (254) 690 – 2274.
For millennials, financial management relies on cost reduction and higher financial rewards to a large extent. This could be the main reason due to which most of them gravitate towards credit unions for opening savings accounts and borrowing loans.
Reasons due to which credit unions are ideal for the millennial generation are:
- Good Returns: Most millennials seem to keep much of their assets in cash due to which they look for financial institutions that remain stable, in spite of market fluctuations. This ensures returns and favorable rates of interest on their deposits.
- More Personal Attention: Millennials love the personal attention bestowed on them in credit unions. They are able to enjoy this kind of attention because of the customer-friendly and member-oriented services of credit unions.
- Empowering: It is empowering to know that as a member of a credit union, one is also its owner. Each member contributes towards the growth and prosperity of other members via the funds deposited in the credit union. Millennials love such collaboration and also the freedom to take ownership of their finances.
- Non-Profit: Credit unions operate for the welfare of the community than the sole purpose of making profits. Millennials seem to resonate with this mode of operation and view credit unions as a reflection of charity organizations that give back to the community in the form of affordable loans, higher interest rates on savings and better deals.
- Operates Locally: The fact that the money of a community stays within that community goes well with millennials who look for ways to develop their local community. When the money stays within the community, it can be used for aiding in its growth and development.
Greater Central Texas Federal Credit Union offers a variety of financial services to its members. The range of services offered includes savings accounts, checking accounts, vehicle loans, online banking facilities, etc. For more details on reasons why millennials should open an account in a credit union, visit: 3305 E. Elms Rd., Killeen, TX – 76542. You can also contact: (254) 690 – 2274.
Along with financial assistance and lending opportunities, credit unions are committed towards providing a variety of services for the convenience of their members. With the advent of internet technology, credit unions are making progress by offering a variety of useful online services to save time and help members keep a tab on their financial status.
Online services offered by credit unions like Greater Central Texas Federal Credit Union in Killeen are:
- Checking: The online checking accounts make it easier for members to conveniently manage their financial affairs on a day-to-day basis. Credit unions require a minimum daily balance to be maintained in the account and also charge a nominal monthly fee. However, there are no transaction charges. Members can sign up for E-Statements even with low minimum daily balance. They are also offered a free Debit Card and Overdraft Protection.
- Savings: Credit unions offer online access to savings accounts such as a Share Account, Money Market Accounts, Vacation Club, Christmas Account, Certificates of Deposit and IRAs. To open any of these accounts, members are required to present 2 types of identification proofs i.e. social security card and a recent picture ID. In addition to this, a nominal amount is usually charged for opening the account.
- IRA: Credit union members can opt for a Variable Rate Traditional or Roth IRAs. IRAs are beneficial for youngsters who are starting a career, couples, growing families and retired members. Online services have simplified the process of starting an IRA in a credit union or transferring an existing one to it.
Other Services Offered By Credit Unions
- Payroll Deduction
- MasterCard Cash Advance
- Wire Transfer
- Direct Deposit
- ATM
- Bill Pay
- Regular Share Savings Account
- Checking Accounts
- Share Certificates of Deposit
- Loan Services: New and Pre-Owned Vehicle Loans
Greater Central Texas Federal Credit Union offers a variety of online services to its members in Killeen. The online services include Checking Account, Savings Account and IRA. For further details on online services offered by credit union, visit 3305 E. Elms Rd., Killeen, TX – 76542. You can also call at: (254) 690 – 2274.