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

Affordable Financial Services In Killeen, TX

28. September 2021 Administrator Blog (0)
If you are looking for convenient and affordable financial services, consider availing the services of a credit union near you. Credit unions are non-profit organizations that provide a variety of financial services and products to their members. They are committed towards providing the services at the earliest and are dedicated towards customer satisfaction. Greater Central Texas Federal Credit Union provides a wide array of affordable financial services to its members in Killeen, TX.

Listed below are the financial services and products that can be availed at a credit union:

  • Savings and Checking Accounts: Savings accounts are interest-bearing accounts that offer safety and reliability to fulfill short-term financial needs. Checking accounts are ideal for those in need of quick access to money for daily needs. Credit unions offer savings accounts such as share accounts, money market accounts, Vacation Club accounts, Christmas Club accounts, Certificate of Deposits and Individual Retirement Accounts.
  • Loans: You can avail affordable secured and unsecured loans at credit unions for unexpected expenses. The loans are available at lucrative rates and are approved within 24 to 48 hours upon receiving an application. For the convenience of clients, services such as direct deposit, automatic transfer services and payroll deduction are offered. Secured loans are granted against collateral whereas unsecured loans do not require collateral. Examples of unsecured loans are credit cards, student loans and personal loans.
  • Direct Deposit: A direct deposit is a payment that is directly made to a payee’s account electronically with the help of software. The service is convenient for businesses that have to pay employees and are also useful for tax refunds. Direct deposits are a convenient and safe method of transferring funds. They offer faster transactions, ensure timely payments of salaries and reduce bookkeeping.
  • IRA: Individual Retirement Accounts are for those who want to build up their retirement funds. These accounts can be opened by anyone working and below the age of 70 ½. IRAs offer tax advantages and are considered to be one of the best savings tools. IRA’s are of two types: Traditional and Roth IRAs. They are great for those starting their career, couples, growing families and those nearing retirement. Credit unions offer competitive rates to members interested in IRAs.
  • Other Services: Apart from the services mentioned above, credit unions also offer debit cards, credit cards, wire transfer, ATM services, payroll deduction, notary service, online access, skip-a-payment options, outgoing and incoming ACHs, gift cards, etc. GCTFCU strives to offer its members affordable financial services and convenient lending services.
To know about financial services and products offered at Greater Central Texas Federal Credit Union, visit 3305 E. Elms Rd., Killeen, TX 76542, call at (254) 690-2274 or check out https://gctfcu.net
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GCTFCU Blog | Why Credit Unions Are Important For The Community
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

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.

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