Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Financial Services by GCTFCU

26. July 2023 Administrator Blog (0)
Credit unions play a significant role in meeting the financial needs of individuals. Whether it is managing day-to-day transactions, saving for the future, or seeking financial assistance, you can count on credit unions for reliable and affordable financial services. Greater Central Texas Federal Credit Union has been providing financial services to its members for more than six decades.

Following are some of the diverse financial services offered by GCTFCU:

  • Secured and Unsecured loans: Most financial goals and aspirations can require additional funding. Whether it is purchasing a new vehicle, undertaking home improvements, or planning a vacation, GCTFCU offers secured and unsecured loan options to help members achieve their dreams.
  • Share Savings Accounts: We offer various types of share savings accounts, including Regular Share Savings Accounts, Share Certificates of Deposit, Individual Retirement Accounts (IRAs), and Club Accounts. These accounts provide members with flexible and secure options for saving money and earning competitive dividends.
  • Lending Services: GCTFCU offers lending services for various purposes, including new and pre-owned vehicles, home improvement projects, vacations, and more. With competitive rates and flexible terms, members can access the funds they need to fulfill their aspirations.
  • Checking Accounts: Our checking accounts are designed to simplify day-to-day financial transactions. Members can enjoy features such as online banking, mobile banking, and bill pay services, making it convenient to manage their finances.
  • Wire Transfer: Greater Central Texas Federal Credit Union offers wire transfer services for transferring funds quickly and securely. Whether it is sending money domestically or internationally, members can rely on our efficient and cost-effective wire transfer services.
  • Overdraft Protection: To cater to unexpected expenses that can arise, we offer our members additional funds through overdraft protection. Members can have peace of mind knowing that their transactions will be covered, even if their account balance is insufficient.
  • Other Financial Services: In addition to the above-mentioned services, we provide a host of other financial services such as ATM service, convenient bill pay service, Traditional and Roth IRAs, Vacation and Christmas Club accounts, debit cards with built-in security features, and worldwide acceptance, credit cards with competitive rates and reward programs, money market accounts and safe deposits.
By being a member of the Greater Central Texas Federal Credit Union, individuals become part of a community-driven credit union where their financial well-being is a top priority. With a wide range of convenient and affordable financial services, competitive rates, and a commitment to excellent customer service, GCTFCU helps its members to have the tools and resources to achieve their financial goals.

For more information, you can visit Greater Central Texas Federal Credit Union at 3305 E. Elms Rd., Killeen, TX 76542, or call (254) 690-2274. You can also browse our financial services at https://www.gctfcu.net and connect on our social media platforms.
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GCTFCU Blog | Benefits Of Getting A Home Loan From A Credit Union In Killeen TX
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Benefits Of Getting A Home Loan From A Credit Union In Killeen TX

9. July 2014 Administrator Blog (0)

Credit unions are non-profit organizations that provide savings, credit and financial services to their members including savings and checking accounts, loans, mortgages etc. Rather than depending on outside capital, they pool deposits from their members and finance loans to their borrowers. They are different from other institutions in the way that they are member owned institutions. Getting a home loan from a credit union is a better option for those looking out for low interest rates. They provide affordable financial services to their customers.Credit unions keep their mortgage loans in their own investment portfolios and do not have to follow any regulations about keeping those loans. They are a great way of saving money and offer some of the best loan packages in the industry. The following points discuss why using a credit union for a home loan can be enormously beneficial -

  • As a member owned institution, their focus is different than other institutions and look for the best interest of their credit members.
  • They have been exempted from paying any taxes because they do not invest their borrower’s money in the market which makes them non-profit. This gives them an edge as they provide competitive rates and due to this, the borrowers can get low interest rates when financing through a credit union on home loans, mortgages and higher rates on savings accounts.
  • Credit Unions charge low or no fee from their customers for applying for a home loan.
  • They are more service oriented towards their customers. They offer personalized services to their borrowers and help them conveniently apply for a home loan. They maintain communication with them by responding to their phone calls, emails/letters and understanding their requirements. 
  • Credit Unions set their own income requirements and there is a higher possibility of approving home loans for those who have minimum income but wish to apply for a home loan. As a member of a credit union, chances of approval of a home loan are high.
  • They offer a full range of mortgage solutions while applying for a home loan. There is a variety of conventional home loans options available and borrowers can choose whichever applies to them.
  • Credit Unions help make applying for home loans faster, especially if the borrowers have a history with them. Securing a home loan becomes easier and good financial relationships are made.

Moreover, there are no penalties for paying the home loan amount early and home loans can be paid back through a variety of channels, like direct from your salary via payroll deduction.

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