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

Benefits Of Taking Secured Loan




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GCTFCU Blog | How to Open a Savings Account
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

How to Open a Savings Account

Savings account is a basic account type held at a financial institution that allows you to deposit funds with safety assurance. One can also earn interest on the deposits at credit unions on your savings. The savings account also allows you to withdraw money any time you wish to.  Let us look through some important steps to open a savings account at a credit union.

Become the Member of Credit Union

First, become a member of a credit union. The membership of credit union will allow you to access their various financial products and services. Apply for savings account and take proper follow up. Member services offered by Greater Central Texas Federal Credit Union, Killeen include Direct deposit, Payroll deduction, Notary Service, MasterCard Cash Advance, On-line access, MasterCard Gift Cards, Wire Transfer, Savings Account options and many more.

Check the Eligibility Criteria

Go through the eligibility criteria and other relevant information regarding the savings account you want to open. If it suits your profile, go ahead.

Collect Documents

Collect all the required documents and start the procedure.

Requirements for Opening Savings Account at GCTFCU:

  • 2 forms of ID (original social security card and picture ID)
  • Person should be living & working in vicinity of west of I-35
  • $5.00 fee for opening account
  • $20.00 to remain in account
Fund the Account

Once your account is all setup, make sure to add funds in it. Keep the account active to enjoy all the services that come along. Credit union offers higher dividends on your savings and helps you reach your desired financial goals.

Savings Accounts Available at GCTFCU

  • Share Savings Account
  • Checking Account
  • Certificates of Deposit
  • Money Market Accounts
  • Individual Retirement Account
  • Christmas Club
  • Vacation Club
For more information, visit www.gctfcu.net

Insured by the National Credit Union Share Insurance Fund (NCUSIF), Greater Central Texas Federal Credit Union, Killeen offers multifarious savings, investment & lending options. Our lending services include New and Pre-Owned Vehicle Loans, Secured & Unsecured loans.  Greater Central Texas Federal Credit Union works within the area of Bell County, Texas, west of Interstate 35.

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 . Call us: (254) 690 - 2274
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GCTFCU Blog | Dos And Don'ts For A Home Loan
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Dos And Don'ts For A Home Loan

Before considering applying for a home loan, there are a few things that need to be understood to get the loan you want. Carefully thinking about what might adversely affect your home loan can save you from a lot of hassles like irregularities in payment of installments, unpaid balance on credit cards etc.  Applying for a loan for home can be very stressing and therefore, after carefully analyzing your financial position and credit history should one consider applying for a home loan. Below are some of the do's and don'ts that must be followed to make the home loan process smoother.

Dos

  • All the loan and debt payments should be made on time to keep your credit history clean. Not adhering to this rule deliberately reduces the credit score. This credit score determines what amount of home loan you will get if you manage to get one.
  • Credit card payments can be missed but payments of installments of other mortgages like auto loan should be prioritized. It shows that you pay installments on time. After looking at the performance of similar mortgage loans, the credit scoring system will assign you the score. Credit card payments can be made later as they have fluctuating balances.
  • To avoid raising any red flag, your credit card transactions should be normal like before and should not be stopped immediately.
  • Any inconsistencies, inaccuracy and missing information should be removed from the credit reports to make it clean of negative data.
  • Unpaid balance in credit cards should be paid off to the point that  balance ratio becomes less than 30%.

Don'ts

  • Loan approval process can be impacted by your job stability. If you are constantly changing jobs and changing positioning in a company it might hurt the approval of your home loan.
  • Any major purchases like car, lines of credit for furniture, expensive gadgets should be avoided. This also impacts your credit score and hamper your chances to get your loan approved.
  • Purchase of clothes for family should be limited. Instead of buying clothes at every occasion, they can be bought at one or two occasions.
  • A new credit card should not be opened. New credit card adds additional inquiry into your credit score which kills chances of getting a home loan.
  • Previous credit card accounts should not be closed either. It has a negative impact on your credit score.
  • Some people get a new loan while applying for a home loan. It looks bad with the underwriters and must be avoided.

Home loans applications can be rejected if the borrower doesn't comply with some of the tips mentioned above. No change in number, accounts, address should be made to avoid getting the applications rejected.

We, at Greater Central Texas Federal Credit Union, offer home loans at very low interest rates. Interested individuals can contact us at (254)-690-2274 for more information or visit us at 3305 E. Elms Rd., Killeen, TX  76542.

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GCTFCU Blog | Long Term Auto Loans
Greater Central Texas Federal Credit Union,
3305 E Elms Road
Killeen, TX 76542
Telephone: 254-690-2274
www.gctfcu.net

Long Term Auto Loans

Every person has a desire to have his own car. However, due to a number of reasons, it is not possible for everyone to afford a car. One reason could be that you cannot manage to take out some money from your monthly budget, or you do not want to shell out money for a car due to some other future commitments. In such circumstances, long term auto loans can be of great help. These loans put forward longer time for the repayment of the loan, thus, not putting any burden on your monthly budget.

The long term auto loans are a bit different from other loans. You get enough time for repaying your loan amount. There are very low monthly installments, so you need not worry about making much contraction in your monthly expenses. These loans are also available in secured as well as unsecured forms.

You can considerably reduce your rate of interest with the secured loans. On the contrary, the unsecured loans have a fairly lower repayment term and higher rate of interest as compared to the secured loans. You need to place something as collateral if you wan to have a secured loan. Due to the paperwork involved in this process, it may take some time. However, if you are in an immediate need of loan, you can opt for the unsecured loans.

These loans may also require you to pay a certain amount of down payment. Your can lower your interest rates by making a bigger down payment. Most often, people try to pay 25 to 30 per cent of the cost of the car as a down payment.

You can search the market for the most bendable terms and conditions. There are also different repayment terms for long term auto loans, so you can choose the one that is best suited to your needs.

For auto loans in Central Texas, do visit Greater Central Texas Federal Credit Union. We have amazing deals on auto loans for our customers. Call us at Phone: 254-690-2274. We are located at Killeen, Texas.

Cheap Auto Loan - 72 Month Auto Financing

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