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

Benefits of Being a Member of a Credit Union

Credit Unions are community based, non - profit financial institutions which provide services to the members-owners. They manage to take great care of the financial wellbeing of their members. As non-profit and member centric cooperatives, credit unions have multiple economic benefits. They strive to offer various saving options, lower fees & loan rates, and high dividends on the deposits. 

Community Involvement - Volunteerism & community involvement are the two pillars of credit unions. They welcome people from various walks of society to build a strong community bond. Greater Central Texas Federal Credit Union is committed to set a spirit of solidarity within the institution and provides financial solutions at feasible prices.

Better Rates on Loans and Saving Accounts - Credit Union offer higher yields on the savings to help you achieve personal financial goals.  Since they're not focused on churning profits, they provide satisfactory returns in the form of higher interest rates on savings accounts, lower fees, lower rates on loan and credit cards.

Easily Accessible - Credit unions are tailored to meet the expectations and interests of their members. Their easy accessibility allows a member to gain economic support in a brief period of time. They pay attention on every loan application individually and try to give best possible financial solution. It is often easier to get approval for a credit from a credit union.

Democratic Voting - As a member & part-owner of credit union, you have a say in the decisions, including the selection of board members and new proposals. There are several ways one can participate & volunteer to influence the strategic management of a credit union. A credit union preserves its integrity by allowing each member to vote and participate in the elections.

Personalized Financial Service - Credit unions tend to focus on providing excellent customer service. Members of credit unions enjoy the perks of personalize attention and service. 

Financial Counselling - Credit unions often provide financial counselling led by local experts. They offer valuable advices and support to assess financial priorities of an individual and impart better understanding & knowledge of a particular service or product. A financial counsellor helps a client to take good investment decisions, thereby maximising the probability of higher returns.  

Insured by the National Credit Union Share Insurance Fund (NCUSIF), Greater Central Texas Federal Credit Union offers a wide array of services. We have been serving our community with financial needs since 1957.  With various types of saving accounts like Share Account, Money Market Accounts, Christmas Club, Vacation Club, Certificates of Deposits and Individual Retirement Account, we try to cater different financial needs and interests of our members. We grant Secured and Unsecured loans at reasonable rates. Services like Direct deposit, Payroll deduction, Notary Service, MasterCard Cash Advance, On-line access, MasterCard Gift Cards, Wire Transfer, ACH Origination, Bill Pay, ATM and automatic transfer services are available. Greater Central Texas Federal Credit Union works within the area of Bell County, Texas, west of Interstate 35.

Contact us by filling up the contact form available on our website.
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GCTFCU Blog | Used Auto Loans And Its Benefits
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Used Auto Loans And Its Benefits

Having a car in the present times is very essential to commute for daily chores. With new models rolling out every month, one definitely gets tempted to buy a brand new vehicle. Brand new vehicles are quite expensive and for some it may not be a financially feasible option. For them, a used car can be the best choice.  Used cars are no different than a new one provided that they are maintained properly.  If you are feeling a need to own a car but cannot buy a new one, then used cars are the ultimate solution for you.
Getting a used car loan is very simple. There are many financial institutions like Greater Central Texas Federal Credit Union that provide Used Car Loans at amazing rates of interests. As the loan amount is generally less in comparison to other loans like business loans and home loans, the formalities involved are fewer. You can get a Used Auto Loan even if you have bad credit score.

Types of Used Car Loans

In general, there are two main types of loans- secured and unsecured.

The term ‘secured loan’ itself signifies that you have to give something as a security to obtain the required amount. Usually, you need to mortgage your house or gold or even the car itself to get a secured loan. On the other hand, the ‘unsecured loan’, does not entail any security. However, you have to give full details and documents about your residential proof, proof of employment and income.

Benefits of Used Car Loans

Low Cost
Since the used cars cost much less than the new ones, it obvious that the used car loans would also be affordable. The monthly premiums are also very nominal which means that you do not need to cut off your daily expenses to repay the loan.

Availability
It can be little tough to get a new car financed. Moreover, with the high monthly premiums, it can become very difficult for the people to pay these in addition to their daily expenses.

Chances of Approval
As the loan amount for purchasing a Used Car is quite less, people with a history of poor credit can also get Used Car Loan.

Therefore, purchasing a second hand vehicle is not such a big issue as long as you are fully informed and aware. If you are planning to get a used car loan, then certainly you can trust the Greater Central Texas Federal Credit Union. For more information about our services, contact us at 254-690-2274.

Lowest Used Car Loan - Cheap Auto Loan

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