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

How Credit Unions Facilitate Financial Growth?

27. August 2022 Administrator Blog (0)
Credit Unions are member-centric, non-profit financial cooperatives that provide services to promote the financial well-being of their member community. They provide various savings options, low-cost loans, deposits, and a range of services to their members.

Here are some points that lay emphasis on the contribution of Credit Unions in Financial Growth:

Facilitates Economic Transactions

Credit unions offer financial services to foster economic independence while improving the quality of living in the region. Their savings, investment & lending services enhance economic productivity and protect against financial vulnerabilities.

Savings

A savings account allows depositing funds with safety assurance. It helps you to manage finances, and save for the future without locking the money away for a longer period of time. Depositing money on a regular basis enables your money to grow over time and keeps you prepared for unexpected expenses. Credit Unions offer better interest rates on savings to help their members achieve personal financial goals.

There are multiple savings account options available at Greater Central Texas Federal Credit Union to suit the specific financial needs of its members:  Share Savings Account, Checking Account, Certificates of Deposit, Money Market Accounts, Individual Retirement Account, Christmas Club & Vacation Club.

Savings accounts improve the financial health of community members resulting in better financial security.

Lending Options

Credit unions offer numerous lending options at lower rates. These financial services assist members to fulfill financial obligations, meet working capital needs, purchase assets, pursue education and help to elevate the economic status of members of the community. Credit union works for the financial betterment of the community; adding value to financial growth and sustainability. Lending services offered by GCTFCU include New and Pre-Owned Vehicle loans, Secured & Unsecured loans, and Credit Builder loan.

Overdraft Protection

Overdraft Protection is a product that offers financial coverage in case of insufficient funds in the account. An additional amount is transferred to cover a transaction thus, providing cash when needed.

Financial Counselling

Credit unions often provide financial counseling led by local experts. They assist their members in taking investment decisions, thereby stimulating the financial growth of the whole community.

Additional Services

Services like Direct deposit, Payroll deduction, Notary Service, MasterCard Cash Advance, Online access, MasterCard Gift Cards, Wire Transfer, ACH Origination, Bill Pay, ATM and automatic transfer services are available for the members.

Insured by the National Credit Union Share Insurance Fund (NCUSIF), Greater Central Texas Federal Credit Union offers multifarious savings, investment & lending options to its members in Killeen, TX. For more details on financial growth facilities offered by a credit union, visit Greater Central Texas Federal Credit Union at 3305 E Elms Rd, Killeen, TX - 76542. You can also contact us by filling up the contact form available at www.gctfcu.net
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GCTFCU Blog | Secured Loans: What You Need To Know
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Secured Loans: What You Need To Know

28. September 2019 Administrator Blog (0)



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GCTFCU Blog | Car Buying Made Easy: Credit Unions In Killeen, TX
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Car Buying Made Easy: Credit Unions In Killeen, TX

27. September 2014 Administrator (0)

If you have been thinking about buying a car and are worrying about the finances, then credit unions can be the perfect solution for all your concerns. The easy and affordable car loans offered by the credit unions in Killeen, TX have made car buying easy for everybody. Whether you want to buy a new or used car, there are a number of reasons why you should consider getting a car loan from a credit union.

  • Better chance of approval: You are more likely to get an easy approval for car loans at a credit union than from a bank. Credit unions aim at the benefit of their clients and are even ready to make slight modifications in the policy to suit the needs of their clients.
  • Lower rates of interest: A credit union offers affordable car loans at lower rates of interest than any other lending institution. With such low interest, you can make a lot of savings and invest your hard earned money in other profitable ventures.
  • User friendly loan process: With most lending institutions, the applicants have to personally go and submit the papers for the loan. However, with a credit union, you can even apply online for a loan which helps you save time.
  • Personalized services: Since credit union are non-profit organizations and is managed by a group of volunteer board members, they keep their customers’ interests on priority. You can freely talk to them about the loan, repayment options, as well as your financial position. They can suggest some loan options that could be better for your situation.
  • Resource centers: Credit unions have well established resource centers in order to provide information to the customers about the different financing options and help them in making the right decision.
  • Non-sales approach: Credit unions do not work for their own profit and rather their sole purpose is to provide easy car loans to those who cannot afford to pay heavy interests to the banks.

If you are planning to apply for an affordable car loans in Killeen, TX, visit Greater Central Texas Federal Credit Union. We provide hassle free loans at competitive rates of interest. For more information about car loans offered by us, you can call at (254) 690 – 2274 or visit our office at 3305 E Elms Road Killeen, TX 76542.

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