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

Credit Union: How To Be A Member

28. January 2021 Administrator Blog (0)
A credit union is a non-profit cooperative financial institution owned by its members. The institution offers affordable financial services to its members in the form of reasonable interest rates and financial benefits. Membership requirements of credit unions are usually based on factors like place of work, worship, residence and more. Most credit unions charge a one-time membership fee and require members to open an account with them.

If you are interested in joining a credit union, here are some helpful pointers to do so:

  • Choice of A Credit Union: The first step is to choose a credit union that offers products and services that suit your financial and personal requirements. Also consider factors such as rates offered, online services, access to ATMs, safety (in terms of federal insurance), etc. A safe credit union is one that is insured by the NCUSIF (National Credit Union Share Insurance Fund), a Federal government agency. You can choose from locally run credit unions such as Greater Central Texas Federal Credit Union.
  • Membership Eligibility: To be eligible for credit union membership, a person should be living, working or worshipping within the location stated by the credit union. In case of Greater Central Texas Federal Credit Union, any person who lives, works or worships within the portion of Bell County, Texas, west of Interstate 35, can be a member.
  • Application: Most credit unions require two forms of identification such as a driver’s license, State-issued ID card (with a photo), military ID and passport, Social Security Card, etc. Fill the application form and submit it as states by the credit union
  • Initial Deposit: To complete the application process, members are required to pay an initial amount. This includes a processing fee and initial deposit.
  • Membership Benefits: Credit union members enjoy a number of benefits such as excellent customer services, high interest rates, community support, secure deposits, financial literacy, easy qualification, low fees and more.
  • Member Services: Wire Transfer, Notary Service, MasterCard Gift Cards, CH origination, Bill Pay, Notary Service, safe deposit boxes, Direct Deposit, Traditional and Roth IRAs, Christmas and Vacation club accounts, savings and investments, Overdraft protection and more.
Greater Central Texas Federal Credit Union offers a variety of services such as secured loans, savings account, account services, etc. For more details on how to be a member of the credit union, visit 3305 E. Elms Rd., Killeen, TX - 76542. You can also call at (254) 690 – 2274.

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GCTFCU Blog | Mistakes To Avoid When Applying For A Secured Auto Loan
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Mistakes To Avoid When Applying For A Secured Auto Loan

20. December 2014 Administrator Auto Loans (0)

Applying for a secured auto loan can be a very confusing and deliberating task for many people. There are a number of terms and conditions that must be properly understood before you sign a contract.

Given here are some of the mistakes that people usually make while applying for a secured auto loan in Killeen, TX.

  • Not knowing your credit rating: Before visiting your financier, you must know about where you stand in terms of credit rating. Contact a reliable institution to know your credit score and the ways in which it can be improved. Even a minor alteration in your credit score can make a lot of difference in your car loan and its interest rates.
  • Not understanding the loan terms before signing: This is the most common mistake that people make while applying for a secured car loan. It is very important that you carefully read and understand all the terms and conditions of the loan agreement. You should also ask questions and clear all your doubts concerning the agreement.
  • Exceeding your monthly budget: You should not commit the mistake of buying a loan amount that is higher than what you can afford to repay. You should determine your monthly expenses and decide on a budget to buy a car accordingly.
  • Not doing enough research: It is not recommended that you visit one lender and finalize the loan procedure. Instead you must thoroughly research the market about the prevailing interest rates on secured auto loans so that you can compare and decide the best deal for yourself.
  • Not taking the shortest-term loan: As the value of cars depreciate over time it is beneficial to pay off the loan as early as possible. Although short-term loans may initially seem to have higher payments but you would end up paying less interest.
  • Signing under pressure: Signing the loan contract under any sort of hurry or pressure is another common mistake. Once you have initiated negotiations with the financier you should take your time to evaluate the options and decide what suits you best.

    • For more information on secured auto loans in Killeen, TX, contact Greater Central Texas Federal Credit Union. You can call us at (254) 690 - 2274 or visit our office at 3305 E Elms Road Killeen, TX 76542.

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    GCTFCU Blog | Tips For Finding The Cheapest Auto Loans In Texas
    Greater Central Texas Federal Credit Union,
    3305 E Elms Road
    Killeen, TX 76542
    Telephone: 254-690-2274
    www.gctfcu.net

    Tips For Finding The Cheapest Auto Loans In Texas

    21. July 2012 Administrator (0)

    Finding and selecting the best Auto Loan deal can be quite tiresome. The difference in terms and conditions on auto loans as well as in interest rates can be shocking for a new buyer. Before you settle for an auto loan in Texas, you need to ensure that you have done your research, and are well aware of what the competitors are offering. It is definitely worth the wait to hang on a little longer and wait for the perfect auto loan to come your way, instead of signing up for the first loan offer that you get. The following tips will guide you on how you can get the cheapest possible auto loan-

    • It is always advisable to seek the assistance of a community-oriented loan provider like a credit union to guide you through the process of getting a loan, as this can ensure that you get the most competitive interest rates, and are well-informed of the nuances of an auto loan.
    • Choose a discount instead of 0% interest. Do not get deceived by the 0% interest claims, since the dealer offering it is likely to have already made up for that sum in the price of the car.
    • It is unlikely that you will get a dealer in Texas who will be willing to offer you a rebate as well as a low interest rate on an auto loan. A smart way to get both would be to get a low-interest auto loan from a bank/ credit union, and then avail a rebate from the dealer.
    • An obvious tip to get a cheap auto loan is to make use of services that offer free credit reports, and use them to review your credit and make any changes that can negatively affect your auto loan.
    • You can also use a car payment calculator to get a clear idea of what the ideal monthly installments will be for you. This is useful in choosing the right car for your budget, as well as in making you come across as a well-informed buyer, which is critical to getting a favorable interest rate.

    To obtain cheap auto loans easily and quickly in Texas, you can count on Greater Central Texas Federal Credit Union. You can visit us at 3305 E Elms Road, Killeen, TX 76542 or call us at 254-690-2274.

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

    Things To Consider While Applying For Car Loans?

    25. January 2018 Administrator Car Loan (0)



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