• Less Income Requirements: You need not have a significantly high income to get approval for a secured car loan. The collateral that you put forward offers a security that in case you default on your repayment, the item can be confiscated by the credit union. Thus the chances of being approved are based upon the price of the collateral. 
  
• No rigorous background checks:  As you put up a collateral, a secured loan procedure does not involve major background checks. You are approved quickly based on the value of the collateral.
  
• Lower Interest Rates: You can get a secured car loan at much lower interest rates than that for an unsecured one. The lower interest rates also make it easier to make monthly payments, thus, improving your credit rating.
  
• Quick Approval: It is much easier to get a secured loan as compared to other traditional loans. As the risk is minimized with a secured car loan, there are no rigorous income checks required to approve the loan application. The staff is helpful and aims to clear your application as soon as possible.
  
• Flexible repayment: They give the member the flexibility to pay back over a long time or in big short payments. A longer repayment time makes it easier to pay the loan back.
  
• Focus On Customer Service: Credit unions are non-profit organizations that hold customer service as their top priority. Credit unions have well-established resource centers to provide complete assistance to the clients with regard to the loan process, calculating monthly payments, filling application form etc.
  

We, at Greater Central Texas Federal Credit Union, provide quick and convenient secured car loans in Killeen, TX. We are a member owned and operated financial institution working solely for the benefit of our clients. For more information about our loan products, feel free to call at (254) 690 – 2274 or visit our office at 3305 E. Elms Rd., Killeen, TX  76542