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

Services Offered By Credit Unions

18. December 2019 Administrator Blog (0)
Being non-profit and member-owned organization, a credit union offers a variety of financial services to its members at affordable rates. People consider credit unions to meet their financial goals because of their attractive rates and fees, sense of community, shared branching and personal services offered. 

Here is a comprehensive list of services offered by credit unions to their members:

  • Savings Accounts: Under a credit union, savings accounts pay dividend to members based on the amount deposited and the prevalent interest rates. Transfers out of savings accounts are limited as per the federal law but there is no limit to the number of deposits.
  • Checking Accounts: These accounts offer the freedom to spend money without monthly limits. Members can gain access to their money via debit cards, online bill payment, writing a check and paying cash. The credit union pays interest on a members cash without any limits to the monthly transactions. Debit cards (offered for free), can be used to withdraw money from ATMs and make online payments.
  • Certificates of Deposit: These deposits pay higher interest to the members, provided the amount deposited is not withdrawn for a specific period of time. They are considered as one of the safest investments that pay more interest. Users who want some freedom to withdraw money without being charged interest can avail other accounts such as Money Market Accounts.
  • Loans: Credit unions offer members a variety of loans such as auto loans (secured and unsecured) and credit cards.
  • Other Services: In addition to the above-mentioned services, credit unions also offer Outgoing and Incoming ACHs, Bill Pay, Gift Cards, IRAs (Traditional and Roth), Club Accounts (Christmas Club and Vacation Club), ATM services, Payroll Deduction, Overdraft Protection, etc.
Greater Central Texas Federal Credit Union offers a variety of beneficial services to its members. The member services include savings account, checking account, vehicle loans, etc. For further information on services offered by a credit union, visit us at 3305 E. Elms Rd., Killeen, TX – 76542. You can also call us at: (254) 690 – 2274. 

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GCTFCU Blog | Used Car Auto Loans: Things To Consider
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Used Car Auto Loans: Things To Consider

5. June 2014 Administrator (0)

If you are thinking of buying a used car for the family but are not yet ready to make a large one-time investment, it makes sense to go for a used car auto loan. With a used car auto loan, the vehicle you purchase costs much less to begin with and your loan provides you with a way to scatter payments into comfortable and easy monthly installments thus enabling you to start using your car immediately without having to worry about one-time payments. There are a number of things to consider when you want to finance a used car. Knowing about these factors can help you make a wiser, smarter decision and make the process smooth and easy.

Initial Considerations

The first thing you need to determine before you can start the process of getting a used car auto loan is to set a concrete budget. Remember to include all possible components in your budget likes local sales tax, licensing fees and car titling fees. If you calculate these costs ahead of time it will really help to figure out the value of the used car that you finally choose.

The next step is to choose a used vehicle and determine its exact current value accurately. Make sure that you get a fair price and have the vehicle assessed by professionals, if there is need for that. To know more about the condition of the vehicle in question, you can ask for a history report from the previous owners which would tell you about usage records, servicing records and records of accidents if any. This helps you foresee potential problems in the future which can turn out to be costly.

Getting a Used Car Auto Loan

When all the initial steps have been taken care of, you can then move onto the actual process of getting a used car auto loan. Keep a close eye on your budget and figure out how much you want to spend monthly. Another thing to watch out for is the interest rate which you will be charged with a used car auto loan. Make sure that your monthly payment figure and the rate of interest is favorable to you and enables you to smoothly make monthly payments with convenience and by staying within your original budget. On figuring these things out, the only thing that remains to be done is to complete the actual paperwork and you will have the money to buy the used car of your choice.

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