Financial loans, whether secured from a personal or public source, are the first port of call in a situation where you need to borrow money to gain ownership of a house or vehicle. A loan is based on the fact that the bearer will repay the amount with the said interest over a fixed term. While bank loans are the most popular kind, local credit unions are fast gaining popularity as the preferred alternative to high-street financing companies. With a compelling list of advantages credit unions are more cost friendly and easier to apply to. Some of the benefits of dealing with credit unions are mentioned below.

• The number one pull of credit unions is the fact that they offer loans at a substantially cheaper rate as compared to traditional banks. The primary reason behind the existence of a credit union is to be able to help the community and all the credit union members. Thus the staff at credit unions helps their members in fulfilling their dreams by providing quick financial assistance at cheaper rates.
• Credit unions are non-profit organizations and the interest you pay is used to help other community and credit union members. This gives a feeling of helping others while your own needs are addressed simultaneously.
• Securing loans are not the only purpose that credit unions help with. You can use them just like a regular bank in order to deposit funds, withdraw them, to use locker services, financial advice and many more services. As a credit union is an easy and cheap source to secure loans they stand out distinctly as a more favorable financial institution.
• The staff at credit unions has a subtle yet different approach to dealing with their clients. They are helpful and focus on addressing all your queries at once, especially the ones related to taking certain necessary measures to qualify for a loan successfully, should you fail in the first attempt.  

There are several other advantages that come with taking your financial dealings to a credit union like access to a well spread network of ATM's and personalized customer support.

Owning a house is a dream for most people but it takes a lot of effort to come true as it requires having a lot of cash in hand. Buying a home is one of the most important and biggest investments of one’s life and it can be made easier with home loans. The provision to have home loans makes it possible for anyone to make this dream a reality. Home loans are easy and a quick way to finance your purchase and banks and financial institutions offer home loans to help people buy the required property. Banks usually offer home loans at their own conditions and even require the applicants to collateral something for the loan. They have rigid terms and repayment conditions and they also consider the individual’s credit history before granting a loan which makes the process very difficult.

Credit unions are very popular for getting home loans and are a better alternative to banks. Credit unions are organizations that help their members manage the money. These organizations are non-profit, co-operative in nature and basically work for the benefit of the registered members. The union is run by the members through the process of voting. You can easily open a savings account in your union and apply for a home loan without huge credit checks and conditions. The credit unions offer banking and lending services similar to banks but offer many more benefits and ease in application.

The credit unions offer home loans at low interest rates which can be modified depending on individual circumstances. The credit union offers personalized services and is more concerned about your personal situation as compared to banks. They have a softer approach and their processes are not as rigid as bank procedures. They offer speedier closings and consider your case even if you have had some credit issues in the past. Using credit union is secure and safe as the members assure that their organization is strong and dependable.

We, at Greater Central Texas Federal Credit Union, have been helping people in Killeen, TX since 1957. We offer low interest loans to our members and strive to offer the most reliable services. You can create a checking account and a saving account with us. We offer debit card, credit card and other facilities similar to a bank. You can avail home loan, auto loan and other small loans from us at attractive rates with convenient repayment options. We offer loans at flexible terms and help you save a huge amount of time and effort. To know more please visit us at 3305 E Elms Road Killeen, TX 76542 or call at ( 254 ) 690 - 2274.