Why Credit Unions Are Important For The Community 17. June 2019 Administrator Blog (0) The choice of banking institution preferred by people has a direct impact on the local community. The way credit unions operate and the fact that they strive to give back to the community in one way or another makes them a good choice. Below are some of the ways in which credit unions benefit communities:Credit Unions Do Not Operate For Profits: Credit unions are non-profit institutions that are focused on providing affordable financial services to their members instead of lone purpose of making profits. The profits earned by credit unions are given back to the community in the form of dividends, low fee for various services, lower rates on loans and higher interest rates on savings. Credit unions invest their capital back in the community to support home equity loans, car loans, home loans, business loans and more at competitive rates. Lower APR Loans: People can benefit from low APR loans offered by credit unions. It helps low-income members of the community in achieving their financial goals.Financial Security: Credit unions provide financial security as they are insured by the National Credit Union Administration (NCUA). Members are protected from losses on their savings accounts and share draft products. Equal Rights: Created by members for members, credit unions do not discriminate amongst its members. Every member enjoys equal voting rights for important decisions like choosing board members of the credit union. Decisions made by members of credit unions in higher positions are focused on the benefits of all other members.A Variety Of Services: Credit unions offer a variety of services such as online payment of bills, 24 hour account access, payroll deduction, notary service, free and unlimited check writing, ATMs, regular share savings accounts, MasterCard gift cards, MasterCard cash advance, IRAs, Share Certificates of Deposits, Club accounts, overdraft protection plans and more.Community Involvement: Credit unions foster a spirit of community involvement by organizing programs and events for community welfare. Members and non-members are encouraged to participate in these events & programs and the money raised through such events is used for a noble cause.Spread Financial Literacy: Credit unions organize special events aimed at teaching financial skills such as saving, budgeting, good spending habits and investing to members of the community. Some credit unions even organize fairs at schools in the community to provide real life financial management guidance to students. They are trained and counselled to understand financial matters. Greater Central Texas Federal Credit Union offers financial services like low interest auto loans, used car loans, savings accounts, checking accounts, etc. to its members. For more information on credit unions in Texas, call at (254) 690 – 2274. You can also visit 3305 E. Elms Rd., Killeen, TX – 76542.
Ways To Get Out Of Debt 21. May 2019 Administrator GCTFCU Blog | All posts by admin Toggle navigation Home Log in Greater Central Texas Federal Credit Union, 3305 E Elms Road Killeen, TX 76542 Telephone: 254-690-2274 www.gctfcu.net Why Are Credit Unions Popular? 27. April 2020 Administrator Blog (0) View Full Image How Do Auto Loans Work From Credit Unions? 23. April 2020 Administrator Auto Loans (0) Auto loans from credit unions are preferred by most people due to their affordability and streamlined qualification procedures. The process of getting an auto loan from a credit union is relatively convenient and personalized. Credit union auto loans offer flexibility as far as interest rates and loan options are concerned.If you are considering getting an auto loan from a credit union, following are some points as to how these loans work:Members Are Shareholders: Once you are a member of a credit union, you are deemed to be a shareholder and not a customer. This is because credit unions are meant to serve their members (shareholders) with financial services at reasonable rates.Individualized Attention: Credit unions aim to make it convenient for members to avail financial services. Due to this, they offer individualized attention as far as meeting loan requirements is concerned. A credit union member, who is interested in an auto loan, can get information as per his unique requirements either online, by visiting the branch.Types Of Auto Loans: You can get a secured loan for new autos and used autos with variable APR rates and terms. You can get secured auto loans and Share Secured Loans. Unsecured auto loans are also available with variable APR rates.Interest Rates: Members of a credit union looking for auto loans are provided with a variety of options to compare and assess. In most cases, credit unions offer auto loans at affordable rates of interest as compared to other financial institutions.Other Services: In addition to auto loans, credit unions offer a variety of other services. These services include Savings Account, Payroll Deduction, ATM, Bill Pay, Wire Transfer, ACH Origination, MasterCard Gift Cards, MasterCard Cash Advance, Direct Deposit, Regular Share Savings Account, Share Certificates of Deposit, IRAs and Club Accounts.Greater Central Texas Federal Credit Union offers auto loans to its members. Members can seek assistance from the loan officers to understand the working and requirements of auto loans. The credit union also educates its members on ways to improve their financial health. For further details on the working of auto loans, visit 3305 E. Elms Rd., Killeen, TX – 76542. You can also call at (254) 690 – 2274. Ways In Which Secured Loans Can Build Credit 30. March 2020 Administrator Blog (0) View Full Image What Can You Do At A Credit Union? 26. March 2020 Administrator Blog (0) 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. Why Choose A Credit Union? 23. March 2020 Administrator Blog (0) View Full Image Credit Union Savings Account 29. February 2020 Administrator Blog (0) View Full Image Why Good Credit Is Important 25. February 2020 Administrator Blog (0) View Full Image How To Apply For A Vehicle Loan Through A Credit Union 22. February 2020 Administrator Blog (0) Getting a vehicle loan from a credit union helps customers to save money in the form of interest and fees. Credit unions are known for offering vehicle loans at lower interest rates and charging minimal fees during the process of loan documentation and loan application. They also offer customer-friendly loan approval policies. Some important points to keep in mind when applying for a vehicle loan via a credit union are:Membership: In order to be eligible for a vehicle loan from a credit union, you should be a member of the same. Credit unions cater to a specific group of individuals i.e. those who have met the membership requirements. The membership criteria are simple e.g. work in a specific agency/company, members of a specific organization/group, residents of a specific municipality or location, or members of a specific ethnic group. Research on the requirements of the credit union and check how you can fulfill the same to enjoy the benefits of membership.Credit: Credit unions offer affordable interest rates on new and used vehicles to members who exhibit creditworthiness prior to applying for a loan. If as a member of a credit union you can maintain good credit, you can enjoy competitive vehicle loan packages in terms of rate of interest.Other Factors: The interest rates on vehicle loans by credit unions depend on the area, kind of vehicle, down payment, credit score and other eligibility criteria as stated by the loan officers.Loan Application: When applying for a vehicle loan at a credit union, you will have to fill a loan application. The application will require information pertaining to your state of residence, type of application (individual credit, joint credit with spouse or with someone else), amount of loan required, purpose of the loan, whether it is a refinance, preferred method of payment, frequency and number of payments, information about collateral, personal information, etc. After filling the required information, you will be asked to review it before submitting.Loan Processing: After applying, you will have to wait for it to be processed. You may have to pay a nominal processing fees.Contact the loan officers at Greater Central Texas Federal Credit Union to apply for a vehicle loan. The credit union offers vehicle loans on both new and pre-owned vehicles. Members of the credit union can enjoy low-interest on vehicle loans. For more details on how to apply for a vehicle loan through a credit union, visit at 3305 E. Elms Rd., Killeen, TX – 76542. You can also call at (254) 690 – 2274. How Credit Unions Operate 27. January 2020 Administrator Blog (0) View Full Image Direct Deposit Services By A Credit Union 22. January 2020 Administrator Blog (0) View Full Image << Older posts Newer posts >> Newer posts12...789101112131415...4142Older posts
How Do Auto Loans Work From Credit Unions? 23. April 2020 Administrator Auto Loans (0) Auto loans from credit unions are preferred by most people due to their affordability and streamlined qualification procedures. The process of getting an auto loan from a credit union is relatively convenient and personalized. Credit union auto loans offer flexibility as far as interest rates and loan options are concerned.If you are considering getting an auto loan from a credit union, following are some points as to how these loans work:Members Are Shareholders: Once you are a member of a credit union, you are deemed to be a shareholder and not a customer. This is because credit unions are meant to serve their members (shareholders) with financial services at reasonable rates.Individualized Attention: Credit unions aim to make it convenient for members to avail financial services. Due to this, they offer individualized attention as far as meeting loan requirements is concerned. A credit union member, who is interested in an auto loan, can get information as per his unique requirements either online, by visiting the branch.Types Of Auto Loans: You can get a secured loan for new autos and used autos with variable APR rates and terms. You can get secured auto loans and Share Secured Loans. Unsecured auto loans are also available with variable APR rates.Interest Rates: Members of a credit union looking for auto loans are provided with a variety of options to compare and assess. In most cases, credit unions offer auto loans at affordable rates of interest as compared to other financial institutions.Other Services: In addition to auto loans, credit unions offer a variety of other services. These services include Savings Account, Payroll Deduction, ATM, Bill Pay, Wire Transfer, ACH Origination, MasterCard Gift Cards, MasterCard Cash Advance, Direct Deposit, Regular Share Savings Account, Share Certificates of Deposit, IRAs and Club Accounts.Greater Central Texas Federal Credit Union offers auto loans to its members. Members can seek assistance from the loan officers to understand the working and requirements of auto loans. The credit union also educates its members on ways to improve their financial health. For further details on the working of auto loans, visit 3305 E. Elms Rd., Killeen, TX – 76542. You can also call at (254) 690 – 2274.
What Can You Do At A Credit Union? 26. March 2020 Administrator Blog (0) 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.
How To Apply For A Vehicle Loan Through A Credit Union 22. February 2020 Administrator Blog (0) Getting a vehicle loan from a credit union helps customers to save money in the form of interest and fees. Credit unions are known for offering vehicle loans at lower interest rates and charging minimal fees during the process of loan documentation and loan application. They also offer customer-friendly loan approval policies. Some important points to keep in mind when applying for a vehicle loan via a credit union are:Membership: In order to be eligible for a vehicle loan from a credit union, you should be a member of the same. Credit unions cater to a specific group of individuals i.e. those who have met the membership requirements. The membership criteria are simple e.g. work in a specific agency/company, members of a specific organization/group, residents of a specific municipality or location, or members of a specific ethnic group. Research on the requirements of the credit union and check how you can fulfill the same to enjoy the benefits of membership.Credit: Credit unions offer affordable interest rates on new and used vehicles to members who exhibit creditworthiness prior to applying for a loan. If as a member of a credit union you can maintain good credit, you can enjoy competitive vehicle loan packages in terms of rate of interest.Other Factors: The interest rates on vehicle loans by credit unions depend on the area, kind of vehicle, down payment, credit score and other eligibility criteria as stated by the loan officers.Loan Application: When applying for a vehicle loan at a credit union, you will have to fill a loan application. The application will require information pertaining to your state of residence, type of application (individual credit, joint credit with spouse or with someone else), amount of loan required, purpose of the loan, whether it is a refinance, preferred method of payment, frequency and number of payments, information about collateral, personal information, etc. After filling the required information, you will be asked to review it before submitting.Loan Processing: After applying, you will have to wait for it to be processed. You may have to pay a nominal processing fees.Contact the loan officers at Greater Central Texas Federal Credit Union to apply for a vehicle loan. The credit union offers vehicle loans on both new and pre-owned vehicles. Members of the credit union can enjoy low-interest on vehicle loans. For more details on how to apply for a vehicle loan through a credit union, visit at 3305 E. Elms Rd., Killeen, TX – 76542. You can also call at (254) 690 – 2274.