Members of credit unions enjoy a variety of affordable financial services. Credit Unions aim to offer their members an assortment of high-quality services, not with the aim of maximizing profits, but with the intention of empowering the community.

For example, Greater Central Texas Federal Credit Union is a member-owned financial cooperative in Killeen, TX. The credit union is insured by the National Credit Union Share Insurance Fund. It strives to provide the members with a host of lending opportunities coupled with other financial services such as Bill Pay, debit cards, MasterCard, checking and savings account, and more. The services are instrumental in helping members attain their financial goals such as retirement savings, college education, home purchase and purchase of new and pre-owned vehicles.

Listed below are important financial services offered by Greater Central Texas Federal Credit Union:

This category of loans is ideal for anyone with major expenditures impending in near future for example college education or purchasing a new home. The loans are available at affordable rates and the credit union also offers quick approvals; usually within 24-48 hours of completing an application and income verification. Interested parties can contact the loan officer and apply for the same on credit union’s website.

GCTFCU provide secured loans against collateral. These loans are usually given against a collateral valued at an amount equal to or higher than the loan’s balance. Such loans have lower interest rates.

The saving accounts offered by the credit union include Share Account, IRA (Individual Retirement Accounts), Christmas Club, Certificates of Deposit, Vacation Club and Money Market Accounts. To open a savings account at Greater Central Texas Federal Credit Union, you need to provide a proof that you are living, working or worshipping west of I-35, 2 ID proofs (such as picture id and social security card), a minimum of $5.00 to open an account and $20.00 to deposit in it. For a regular Share Savings Account, you will need a minimum of $25.00 and for Share Certificates of deposit a minimum of $1,000.

As the name suggests, credit builder loans are meant to help members enhance their credit score while saving at the same time. The way this loan works is that a specific amount of money is deposited in a member’s share account and frozen therein until the loan is repaid. The benefit of a credit builder loan is that members can avail it even with an unsatisfactory credit score. This characteristic makes it ideal for new members who are getting a loan for the first time.

In addition to the above-mentioned financial services, the credit union offers services like Incoming wires, Outgoing Wires, Outgoing ACHs, Incoming ACHs, gift cards, an audio response system, an amortization calculator, checking cleared drafts, Notary service, ATM and safe deposit boxes.

For more information on important financial services offered by credit unions, visit Greater Central Texas Federal Credit Union at 3305 E Elms Rd, Killeen, TX - 76542. You can also visit www.gctfcu.net or call at (254) 690 - 2274.

Financial management is the process of planning, budgeting, saving, investing & spending your money to meet long-term and short-term financial goals. With a good financial management plan in place, you will be able to make well-informed financial decisions while giving yourself a safety net for times of emergency. Here are some reasons that emphasize on the importance of financial management:

Overdraft Protection (OD) is a product provided by banks and credit unions to offer financial coverage in case of insufficient funds in the account. An additional amount is transferred to cover a transaction thereby preventing it from getting declined. Let’s look at some benefits of opting Overdraft Protection.

Transactions - With overdraft protection in place, even if a person doesn’t have sufficient money in the account, ATM and debit cards transactions will still go smoothly. It will prevent transactions from getting rejected or declined due to negative balance, thereby saving you from inconvenience and embarrassing situations. Please note that it is the discretion of Greater Central Texas Federal Credit Union (GCTFCU) to authorize and pay OD for any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined. If a transaction is declined, you will be charged a $35 fee.

Availability of Funds in times of Emergencies - Overdraft Protection gives coverage and cash during emergencies or temporary economic hardship. A situation might get worse without a financial support. If you have enrolled for overdraft protection, you get an automatic access to funds which can be used in times of crisis.

No Bouncing Checks - Bounced checks can create a lot of hassle and problems. Overdraft protection, prevents checks from getting bounced and saves a person from paying bounced check fees. This financial product may help you prevent money trouble blemishing your credit report.

Services under Overdraft Protection - Greater Central Texas Federal Credit Union offers Overdraft Protection in two different ways; standard overdraft practices that come with your account and Overdraft Protection through a link to your savings account. The standard overdraft practices that come with your account encompasses checks and other transactions made using checking account number and automatic bill payments. Under standard overdraft practices Greater Central Texas Federal Credit Union will charge a fee of up to $30 each time we pay on your behalf.

Federally Insured up to $250,000 by the National Credit Union Administration (NCUA), Greater Central Texas Federal Credit Union offers services like direct deposit, on-line access, overdraft protection, wire transfer, ACH origination, bill pay, ATM and various other checking, savings and loans products. 

You can visit Greater Central Texas Federal Credit Union, 3305 E. Elms Rd., Killeen, TX  76542 to know about financial services offered.

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: